DUBLIN, May 07, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/dftkr2/handbags_market) has announced the addition of the "Handbags Market in the UK 2015-2019" report to their offering.
The Totes was the largest segment in terms of revenue and accounted for 30.77 percent share of the market in 2014.
The Handbags market in the UK, in terms of revenue and volume, to grow at CAGRs of 8.45% and 7.01%, respectively, over the period 2014-2019
The Handbags market in the UK is expected to witness high year-on-year growth. The market is driven by recovering economy, increase in disposable income as well as per capita consumption of consumers on handbags, growing occasions of using a variety of handbags, and the high demand for esthetically appealing handbags by consumers. The number of bags owned per person is also acting as another major growth factor to this market. Hence, the market is expected to grow with the introduction of new products during the forecast period.
One major trend being witnessed in this market is the growing e-commerce in the country. The emergence of online retailers and increased online campaigns has influenced increased online purchases by consumers, which in turn is increasing online sales of handbags.
According to the report, one of the main drivers of the Handbags market in the UK is the increase in consumer income levels, thereby increasing their purchasing power. This in turn is influencing demand for expensive and premium handbag brands and PCC by consumers.
Further, the report states that one of the major challenges hindering the growth of the Handbags market in the UK is the decline in the UK's population. A decline in population is expected to have a negative impact on the demand for handbags.
The market can be segmented into four:
- Shoulder Bags
- Purses and Wallets
- Satchels and Saddles
- Michael Kors
Other Prominent Vendors
- Alfred Dunhill
- Aspinal of London
- Bottega Veneta
- Dolce & Gabbana
- Donna Karan International (DKNY)
- French Connection
- Gianni Versace
- Kenneth Cole Productions
- Lulu Guinness
- Mandarina Duck
- New Look Retailers
- Nicole Lee
- Osprey London
- Paul Costelloe
- Paul Smith
- Ralph Lauren
- River Island
- Russell & Bromley
- The British Bagmakers
For more information visit http://www.researchandmarkets.com/research/dftkr2/handbags_market
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SOURCE Research and Markets