South Africa Handbag Market Size & Outlook, 2021-2030
South Africa handbag market, 2017-2030 (US$M)
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South Africa handbag market highlights
- The South Africa handbag market generated a revenue of USD 306.6 million in 2021 and is expected to reach USD 555.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.8% from 2022 to 2030.
- In terms of segment, tote bag was the largest revenue generating product in 2021.
- Satchel is the most lucrative product segment registering the fastest growth during the forecast period.
Handbag market data book summary
| Market revenue in 2021 | USD 306.6 million |
| Market revenue in 2030 | USD 555.5 million |
| Growth rate | 6.8% (CAGR from 2021 to 2030) |
| Largest segment | Tote bag |
| Fastest growing segment | Satchel |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tote Bag, Clutch, Satchel |
| Key market players worldwide | Lvmh Moet Hennessy Louis Vuitton SE, Hermes International SA, Capri Holdings Ltd, Fossil Group Inc, Kering SA, Prada SpA, Burberry Group PLC, Tapestry Inc, CHANEL, Compagnie Financiere Richemont SA Class A |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global handbag market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa handbag market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 555.5 million by 2030.
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Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa handbag market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to handbag market will help companies and investors design strategic landscapes.
Tote bag was the largest segment with a revenue share of 41.1% in 2021. Horizon Databook has segmented the South Africa handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
The improving quality of life and global exposure to latest fashionable accessories are expected to drive the demand for handbags in South Africa. Furthermore, the increasing disposable income across South Africa is projected to be a prominent factor boosting the handbag market. For instance, according to data released by Trading Economics in September 2021, the disposable personal income in South Africa increased from April 2021 to July September 2021.
The increasing popularity of online retail across the country is projected to support the handbag market in South Africa. Over the last few years, e-commerce has expanded significantly in the country, with manufacturers focusing on product marketing using various digital mediums, social media platforms, and independent websites.
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Target buyers of South Africa handbag market databook
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Our clientele includes a mix of handbag market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa handbag market , including forecasts for subscribers. This country databook contains high-level insights into South Africa handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa handbag market size, by product, 2017-2030 (US$M)
South Africa Handbag Market Outlook Share, 2021 & 2030 (US$M)
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