Handbags Market in Russia 2015-2019

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Handbags Market in Russia 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Handbags Market in Russia 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “The growth in the handbags market in Russia is primarily driven by the reviving economy. This has increased the market's growth in terms of both revenue and volume. Demand for affordable luxury brands is one of the major reasons for the increase in sales of handbags in the country. Another key driver that contributed to the market's growth is the availability of various bags..”

• The handbags market in Russia is witnessing steady growth and is expected to grow at the same pace during the forecast period. The demand for handbags is rising in Russia with the increasing demand for affordable luxury handbags. The arrival of many brands that are easily available in retail stores and online has increased the demand for handbags among consumers in Russia.

• The handbags market in Russia is witnessing steady growth in terms of revenue and volume and is expected to post a CAGR of 6.01% and 4.95%, respectively, during the forecast period.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Handbags Market in Russia 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view our report:

Handbags Market in Russia 2015-2019

Chanel

Dior

Coach

Chanel is a French privately owned fashion house and luxury goods manufacturer. It manufactures a variety of products ranging from fragrances, apparel, watches, handbags, and leather goods. It designs and manufactures a range of handbags including totes, shoulder bags, satchels, saddles, clutches, and purses; sold under themes such as evening, iconic, and boy Chanel.

The company manufactures apparel, fragrances, leather goods, personal care products, and accessories. The company is known for its luxury and designer handbag collection.

Coach is a popular brand, in the US and in Russia as well, where it is associated with classic handbags and accessories. Coach is witnessing highly competitive competitors such as Michael Kors, , and Tory Burch in the handbags market in the Russia.

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Market Landscape

• Handbags are among the most desirable and popular fashion products for women.

• Handbags are not only comfortable and convenient to carry, but have become a fashion statement.

• Handbags are now seen as a status symbol and sometimes signify power and wealth.

• Consequently, demand for luxury and premium handbags is gaining popularity and they are seen as an individual's identity and fashion statement.

• Handbags have become the most desirable fashion accessory after shoes.

• Various handbag companies are adopting innovative strategies, according to changing consumer preferences, such as rising demand for environment friendly handbags.

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Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Brand The brand equity and brand image of various handbags should be positive.

Design The designs of handbags should match the latest fashion; however, some end-users prefer a classic look.

Marketing campaignsVarious marketing and advertisement campaigns should be done to guide the consumers to the respective stores and websites.

Material The type of material used for the manufacturing of handbags should be of good quality.

Price Handbags should be available at affordable prices.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Handbags Market in Russia 2015-2019

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