Technavio recognizes the following companies as the key players in Handbags Market in China 2015-2019: Burberry Group plc, Chanel SA, Christian Dior SA (Couture), Coach Inc, Guccio Gucci SpA, Hermès International SA, LVMH Moët Hennessy, Michael Kors (USA) Inc, Mulberry Group plc and Prada SpA
Other Prominent Vendors in the market are: Adidas, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Buggatti, Calvin Klein, C & J Clark International, Cambridge British Satchel Company, Changshu Maydiang, Group, Dolce & Gabbana, Donna Karan International (DKNY), Ferrari,Fossil, Gianni Versace, Goyard, Guess, Gerard Darel, Iconix Brand Group, Incra srl (Calabrese), Jerome Dreyfuss, Kenneth Cole Productions, L.Credi Lipault Paris, Longchamp, Mandarina Duck, McKlein, New Look Retailers, Nicole Lee, Paul Costelloe, Paul Smith, Powerland Group, PUIG, Puma, Ralph Lauren, River Island, Russell & Bromley, Smythson, TLG Brands, Vanessa Bruno and VF
Commenting on the report, an analyst from Technavio’s team said: “The total online retail market in China is expected to grow significantly. A rise in shopping through mobile phones and tablets is fueling the growth of online retailing in the country. Internet penetration is also increasing in China. This has increased the online sales of various consumer goods including handbags.”
According to the report, China is one of the fastest developing countries in the world and, hence, is experiencing rapid economic growth. With money flowing into the economy, the income of the people is rising, thereby increasing their purchasing power and the consumption of various goods.
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-china-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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