The global Leather Handbag market was valued at USD 53.45 billion in 2022 and expected to grow at a CAGR of 4.4% during the forecast period. Leather handbags are a type of fashion accessory made from animal hides that are treated and dyed to produce a range of textures, colors, and patterns. These handbags are popular among both men and women and are available in a variety of styles, sizes, and designs. Leather handbags are known for their durability, high-quality craftsmanship, and timeless style, making them a popular choice for those looking for a long-lasting and fashionable accessory.
The global leather handbag market is influenced by several factors, including changing fashion trends, increasing disposable income, and rising consumer preferences for luxury goods. The growing number of working women and their increasing purchasing power is driving the demand for high-end leather handbags. The emergence of online sales channels, increasing urbanization, and the growing popularity of social media are also contributing to the growth of the market.
On the other hand, the market is also facing challenges due to the availability of low-cost synthetic materials that mimic the look and feel of leather, growing concerns over animal rights, and the high cost of genuine leather. In addition, the outbreak of the COVID-19 pandemic has resulted in supply chain disruptions, reduced consumer spending, and temporary store closures, which have negatively impacted the market. However, the market is expected to recover gradually as the global economy recovers and consumer spending resumes.
Market Size in 2022
USD 53.45 Billion
Market Forecast in 2031
USD 67.87 Billion
CAGR % 2023-2031
Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
By Product Outlook (Tote Bag, Clutch, Satchel), By Distribution Channel (Online, Offline)
North America, Europe, APAC, South America and Middle East and Africa
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
B Braun Melsungen AG, Abbott, Johnson & Johnson Services, Inc., Medtronic, Boston Scientific Corporation, LivaNova Plc, Edwards Lifesciences Corporation, GE Healthcare, Siemens Healthcare GmbH, Terumo Cardiovascular Systems Corporation
Impact of COVID
The COVID-19 pandemic has had both positive and negative impacts on the Leather Handbag market. The COVID-19 pandemic has had a significant impact on the healthcare industry as a whole, including the cardiovascular device market.
Device Type Insights
Diagnostic and Monitoring Devices: This segment held the largest market share in 2020, accounting for approximately 40% of the total Leather Handbag market. The increasing prevalence of
Coronary Artery Disease: This segment held the largest market share in 2020, accounting for approximately 45% of the total Leather Handbag market. The high prevalence of coronary artery disease and the increasing adoption of minimally invasive procedures are the key factors driving the growth of this segment.
North America: This region held the largest market share in 2020, accounting for approximately 40% of the total Leather Handbag market. The presence of advanced healthcare infrastructure, increasing prevalence of cardiovascular diseases, and high adoption of technologically advanced devices are the key factors driving the growth of this region.
Some of the major companies operating within the market are B Braun Melsungen AG, Abbott, Johnson & Johnson Services, Inc., Medtronic, Boston Scientific Corporation, LivaNova Plc, Edwards Lifesciences Corporation, GE Healthcare, Siemens Healthcare GmbH, Terumo Cardiovascular Systems Corporation. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Leather Handbag globally.
· In Feb 2023, Abbott has acquired Cardiovascular Systems, Inc. (CSI), a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease. The acquisition of CSI will add new, complementary technologies to Abbott's leading vascular device offerings
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The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
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