Technavio recognizes the following companies as the key players in Handbags Market in Brazil 2015-2019: Arezzo & Co, Chanel, Christian Dior, Coach, D&G, Hermes International, LVMH, Michael Kors, Mulberry, Novica, Prada and Tory Burch.
Other Prominent Vendors in the market are: Armani, Artifact Bag Co, AU, BAGGU, BAGSTIL, Brynn Capella, Burrow & Hive, Calleen Cordero, Calvin Klein, Fendi, Holly Aiken, ITZALULU, J.W. Hulme, LexiWynn, Lola Falk, MaddyMoo, Merci-Fortune, Michelle Vale, Oak73, Rebecca Ray Designs, SEA BAGS, Stone Mountain, The Frye, Tori Nicole, Versace, Victor Hugo and Victoria Leather.
Commenting on the report, an analyst from Technavio’s team said: “The utility features of handbags are no longer the only key buying criterion for customers. Over the past few years, handbags have become extremely popular in the lifestyle and fashion segments of the market. Consumers are associating handbags with their social status. Vendors are associating with renowned designers to launch designer collections. Many vendors are also employing celebrities to endorse their brands to create an image and position their product as a lifestyle product. This is positively influencing the sales of handbag products worldwide.”
According to the report, the Brazilian economy has recovered from the recession, unemployment has declined, the stock market is reporting record highs, and house prices have improved. As a result, Brazilians are spending more on expensive clothing, accessories, and jewelry and beauty products. Consequently, with the improving economy, consumers are spending more on handbags.
Further, the report states that one of the main challenges hindering the growth of the market is the increasing competition from counterfeit or fake products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/handbags-market-in-brazil-2015-2019
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- https://www.technavio.com/healthcare-chemicals-food-retail
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