Luxury Handbag Market Size is Growing at a CAGR of 5.6% from 2019 to 2026 | AMRPosted by On

Luxury Handbag Market

Luxury Handbag Market

Luxury handbag companies have been making several important mergers and acquisitions to expand their operations in both international and domestic market.

PORTLAND, UNITED STATES, UNITED STATES, October 5, 2020 / — According to a new report published by Allied Market Research titled, Luxury Handbag Market size was valued at $58.3 billion in 2018 and is expected to reach $89.9 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026. In 2017, Europe accounted for nearly 35.0% share of the luxury handbag market.

Emerging economies, especially in Asia-Pacific, such as India, China, Indonesia, and the Philippines are progressively spending on luxury cosmetic products, owing to increase in disposable income. Consumers in Hong Kong aged 30 to 49 have the highest disposable income and thus, are the biggest buyers of luxury products in the country. Similarly, in India, factors such as…

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