For many women, handbags are the most expensive items on their shopping list, but they also make a satisfactory purchase. Most of them say that “they enjoyed buying a smart handbag than buying dressy shoes. Since handbags are the necessity to make a satisfactory pair with every outfit, so they take more time to get the right one. Women’s are crazy about purchasing summer dress and well-fitting pair of shoes, beauty products and undergarments, jewellery and chocolates, jeans and concert tickets but it’s still anonymous that which product give more pleasure to women in buying, as they are mad about shopping.
Handbags Market – A Woman Oriented
Handbags are the fastest growing fashion segment in the luxury goods industry. Despite the fact, handbag market caters to both the female and male customers, primarily it is seen as a woman oriented market. For women, it has become the sign of fashion than to keep money or other necessary things and thereby, it is available in different colours, sizes and patterns.
Factors Leading to the Growth of Handbags
The key factors that drive the growth of the global handbags industry are listed as:
Rising individuals number who uses net and thereby getting new fashion trends
Growing number of youth towards fashion
Increasing population of women towards corporate sector
Improvement in economic growth
Rising internet penetration
That’s why; many popular brands like Gucci, Prada, Channel, Hermes, Michael Kors, Lous Vuitton, Coach, Burberry, etc., both at the global and regional level have united to give away stylish handbags.