Luxury Handbags Market Scope
In 2021, the luxury handbags market size was estimated at USD 30,849.5 million. According to projections, the market for luxury handbags will increase from USD 33,070.66 million in 2022 to USD 53,802.99 million in 2030, with a compound annual growth rate (CAGR) of 7.20% over the five-year forecast period (2022–2030). Key market drivers promoting market...
Major Boosters and Restraints
Luxury handbags’ online sales have witnessed considerable growth over the years. The luxury segment has been garnering high momentum in line with the soaring number of high-net-worth consumers. The surging popularity among the youth that belong to the Gen Z and millennials generations, rising brand loyalty among consumers, and the mounting affinity for...
Luxury Handbag Market Scope:
Market Research Future (MRFR) expects the luxury handbags market to be around USD 41 billion by 2030. From 2022 to 2030, the market should capture a CAGR of 7.21%, adds Market Research Future.
Luxury Handbag Market Major Boosters and Restraints:
Luxury handbags’ online sales have witnessed considerable growth over the years. The luxury...
Luxury Handbag Market Scope:
Market Research Future (MRFR) expects the luxury handbags market to be around USD 41 billion by 2030. From 2022 to 2030, the market should capture a CAGR of 7.21%, adds Market Research Future.
Luxury Handbag Market Major Boosters and Restraints:
Luxury handbags’ online sales have witnessed considerable growth over the years. The luxury...