DUBLIN, Sept. 22, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/3zt8br/global_satchel) has announced the addition of the "Global Satchel and Saddle Bags Market 2015-2019" report to their offering.
The analysts forecast the global satchel and saddle bags market, in terms of revenue and volume, to grow at CAGRs of 4.50% and 3.83%, respectively, over the period 2014-2019.
This report provides an overview of the global satchel and saddle bags market and an in-depth analysis of the usage of these products in the market. To calculate the market size, the report takes into account revenue generated from the sales of satchel and saddle bags by organized and unorganized retailers. The volume of sales is calculated on the basis of total number of units sold by organized and unorganized retailers.
The scope of this report is limited only to saddle and satchel bags; it does not include products such as coin pouches, key pouches, and cellphone pouches, purses and wallets, shoulder bags, and totes. The report also presents the vendor landscape and a corresponding detailed analysis of the 13 major vendors in the market.
Increase in demand from working women is one of the key trends upcoming in the market. Working women readily spend money on handbags and luxury goods and are well informed about the different brands available. Most working women use their handbags for multiple purposes, such as to carry laptops or tablets, wallets, and food. Handbags are also seen as status symbols and representative of individualistic identity.
According to the report, among the major consumer segments, the significant growth of the middle-income consumer group, in terms of disposable income and spending on lifestyle products, has been growing steadily in recent years. This, in turn, has made the middle-income consumer group a potential segment for vendors in the market.
Further, the report states that one of the main challenges hindering the growth of the market is the increasing competition from counterfeit or fake products. The easy availability of a number of cheap handbag brands in the market is leading to market fragmentation, resulting in a lack of price standardization, an uneven competitive scenario, and market share erosion.
- Burberry Group
- Etienne Aigner
- Hermès International
- Kate Spade
- Michael Kors
- Ralph Lauren
- Tory Burch
For more information visit http://www.researchandmarkets.com/research/3zt8br/global_satchel
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SOURCE Research and Markets