Luxury Handbag Market - Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the luxury handbag market is expected to undergo a CAGR of 8.20% during the forecast period. This indicates that the market value, which was USD 22.61 billion in 2021, would rocket up to USD 42.48 billion by 2029. “Handbag” dominates the type segment of the luxury handbag market owing to the rising number of fashion-conscious consumers globally. Industry Analysis The global Luxury Handbag Market is segmented on the basis of service type, solution, transportation type, vehicle type, application platform, requirement type, organization size, and usage. The growth among segments helps to analyze niche pockets of growth and strategies to approach the market and determine core application areas and the differences in the target markets. Car sharing accounts for the largest service type segment in the respective market as it serves most applications. In addition to the insights on market scenarios such as market value, growth rate...