Handbags - UK - January 2015
US $2,576.74 (Excl.Tax)Excl. Tax Buy Now
“There is real growth potential for the men’s accessories market as younger generations of men have become accustomed to using manbags, with 20% of 18-24s carrying one with them most of the time.”
– Tamara Sender, Senior Fashion Analyst
This report answers the following key questions:
Handbags remain the most desirable fashion accessory, with six in 10 women having purchased at least one new bag in the last 12 months, consequently the market has continued to see solid growth in 2014. Value sales, however, have slowed compared with the previous year, with the market growing by 9.3% in 2014 to almost £1.3 billion.
The market has become more promotional, with a third of consumers waiting for sales/special offers to buy the handbags they want. Handbags still remain a lucrative product, with 50% of female shoppers having purchased a bag as a treat for themselves and a third seeing a handbag as a good gift.
The handbag market remains very fragmented, with consumers buying bags from a wide range of retailers and brands at very different price points. Women are favouring mid-priced handbags over high-end designer pieces, with more affordable designer brands such as Michael Kors and own-brands benefiting.
For the purposes of this report, the term handbags is used to define all types of handbags and manbags worn by women and men, including backpack-style handbags, but excluding rucksacks, luggage, laptop bags, purses and wallets.
Mintel’s consumer research for this report covers purchasing of different types of handbags and manbags, where consumers bought these, average spend on handbags, the most important factors when purchasing a new bag and female and male attitudes towards buying handbags and manbags.
This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:
What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.