Handbag Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development by 2025

The global handbag market size is expected to reach USD 67.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. Growing brand awareness of luxury bags as a fashion symbol among adults in the developing countries including India, China, and Brazil is expected to remain a key trend in the market. Furthermore, rising female workforce on a global level is expected to promote the usage of handbags over the next few years.

By product, tote bag dominated the market in 2018. Consumers prefer these bags due to their large space. Necessary items such as mobile phone, wallet, laptop, sunglasses, documents, and makeup of the consumers can be fitted in these types of bags. As a result, these products have gained significant popularity among the working class women. Manufacturers have been expanding the product line of tote bags with new designs and better quality. In 2015, Furla, an Italian luxury company, launched Twist Tote bag under its Spring Summer collection. These tote bags are available in a wide range of colors including ocean onyx, petalo onyx, and emerald onyx.

Leather bags dominated the market in 2018 and accounted for 48.5% share of the global revenue. Better quality and durability of the leather are driving the demand for the product across the world. Moreover, rising per capita income in the developing countries is fueling the demand for luxury goods, including leather bags.

Asia Pacific is expected to witness the fastest growth from 2019 to 2025. Availability of affordable brands, along with rising per capita income of consumers, is driving the market for the product in this region. In 2018, Coach, one of the leading brands of this industry, launched platinum ‘Parker’ Diwali handbag in India for the Indian festive season. These bags are made of leather and available in two different sizes.

Key competitors in this industry include Tapestry, Inc.; LVMH Moët Hennessy - Louis Vuitton SE; Michael Kors; Gucci; Fossil Group, Inc.; Ted Baker plc; Hermès International S.A.; Prada S.p.A.; Chanel S.A.; Burberry Group PLC; and Compagnie Financière Richemont SA. Industry participants are emphasizing on the establishment of new online distribution channels as customers are increasing their spending on utilizing e-commerce portals as a selling window.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/handbag-market

Further key findings from the study suggest:

·       North America held the largest share of more than 30.0% in 2018

·       The online distribution channel is expected register the fastest CAGR of 7.4% from 2019 to 2025

·       The tote bag product segment held the largest share of 41.7% in terms of revenue

·       By raw material, leather dominated the market in 2018 and accounted for 48.5% share of the overall revenue.

Grand View Research has segmented the global handbag market on the basis of product, raw material, distribution channel, and region:

Handbag Product Outlook (Revenue, USD Million, 2015 - 2025)

·         Tote Bag

·         Clutch

·         Satchel

·         Others

Handbag Raw Material Outlook (Revenue, USD Million, 2015 - 2025)

·         Leather

·         Fabric

·         Others

Handbag Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

·         Online

·         Offline

Handbag Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

·         Central & South America

o    Brazil

·         Middle East & Africa

o    South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Sport Shoes Market to Penetrate Untapped Regions During the Forecast Period

The global sports shoes market size is expected to reach USD 25.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. The market is expected to witness significant growth owing to growing popularity of sports activities across the globe.

Men’s sports shoe dominated the global market and is expected to maintain its lead over the forecast period. Increasing popularity of outdoor games such as soccer and American football is expected to increase the demand for sports shoe over the forecast period. Sports clubs are spreading awareness among people by conducting events at various places across the world, which will have a positive impact on the market growth. For instance, in 2017, the National Football League (NFL) had organized four game events in London and around 84,500 fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens at Wembley Stadium.

In 2018, the offline retail channel segment dominated the market, accounting for more than 80% share of the overall revenue. Increasing penetration of retail outlets in developing countries is one of the main factors driving the segment over the forecast period. For instance, in 2018, American multinational company, New Balance Inc., opened a new retail outlet in Riyadh to expand in Middle East.

Moreover, due to increasing awareness related to health and supportive government initiatives, many multinational companies are focusing on India and China to expand their reach in the market. For instance, the Khelo India program has been introduced to revive the sports culture in India at the grassroots level by building a strong framework for all the sports played in the country and establish India as a great sporting nation. Such initiatives are expected to have a positive impact on the market growth.

Asia Pacific is expected to expand at fastest CAGR of 5.2% over the forecast period. Increasing sports participation in India and China, growing spending power of consumers, and rising health awareness in the region are expected to have a positive impact on the growth of the market. Central and South America is expected to witness significant growth owing to growing popularity of football, American Football, and rugby.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/sports-shoes-market

Further key findings from the study suggest:

·       By gender, the kids segment is projected to expand at a CAGR of 5.0% over the forecast period

·       The offline retail channel segment dominated the global sports shoe market with an overall revenue share of 83.4% in 2018

·       The kids segment in U.S. was valued at USD 607.6 million in 2018 and is projected to witness significant growth in the next few years

·       North America was one of the prominent regional markets in 2018 and is expected to exhibit significant growth owing to increasing popularity of field sports at the national and international levels

·       The industry is highly competitive in nature due to presence of the main players including Nike, Inc.; Adidas Group; and Puma SE

·       Various manufacturers are concentrating on new product launches and product innovation to expand their consumer base.

Grand View Research has segmented the global sports shoe market on the basis of gender, retail channel, and region:

Sports Shoe Gender Outlook (Revenue, USD Million, 2015 - 2025)

·         Men

·         Women

·         Kids

Sports Shoe Retail Channel Outlook (Revenue, USD Million, 2015 - 2025)

·         Offline

·         Online

Sports Shoe Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

·         Asia Pacific

o    China

·         Central & South America

o    Brazil

·         Middle East & Africa

o    South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Jewelry Market to Incur Meteoric Growth During the Forecast Period

The global jewelry market size is expected to reach USD 480.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% over the forecast period. The market is expected to witness significant growth due to increase in disposable income and shift in consumer shopping preferences.

Ring accounted for the largest market share in 2018 owing to increasing consumer inclination towards elegant and stylish products. Rings are available in a variety of sizes and designs, thereby increasing their consumption among men as well. Additionally, many precious stones are discovered that can be mounted in the rings. This is expected to result in product innovation and drive the demand for rings in the forecast period.

Bracelets are expected to witness substantial growth over the projected period due to high popularity and availability. Bracelets have replaced bangles in daily wear and are seen as a style statement by majority of the working-class women. This shift in consumer perception related to jewelry products is expected to drive the overall demand.

Majority of the sales in the market were driven by gold and the maximum gold jewelry sales were recorded in China and India. Being the world’s largest jewelry market, China is the major consumer of gold and diamond. Increasing awareness among consumers related to various hallmarks to authenticate purity of gold is another factor boosting the growth of the gold jewelry. Sales of diamond jewelry are expected to increase at a significant rate owing to changing consumer lifestyle in the developed countries.

In 2018, Asia Pacific held the largest jewelry market share in terms of revenue due to the presence of the major players as well as high demand from countries like China, India, and Hong Kong. Asia Pacific is anticipated to witness substantial growth due to increasing disposable income of the population in this region. Changing fashion trends, along with awareness regarding authenticity of precious gems and metals, are the other factors propelling the market growth in this region.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/jewelry-market

Further key findings from the study suggest:

·       By material, platinum is expected to witness a decline in the forecast period owing to its costliness and increasing consumption of gold and diamond. However, its demand may increase in North America due to highly developed countries and rich lifestyle

·       The ring product segment dominated the jewelry market in 2018 due to its increasing consumption in day-to-day routine and introduction of a variety of engagement and wedding jewelry collections by major manufacturers

·       The industry is highly competitive in nature due to the presence of many key global players. The local players are expected to give stiff competition owing to their unorganized nature of sales

·       As a step towards diamond transparency and consumer loyalty, Tiffany & Co. has begun sharing the provenance of its newly sourced diamonds with the customers.

Grand View Research has segmented the global jewelry market on the basis of product, material type, and region:

Jewelry Product Outlook (Revenue, USD Billion, 2015 - 2025)

·         Necklace

·         Ring

·         Earrings

·         Bracelet

·         Others

Jewelry Material Type Outlook (Revenue, USD Billion, 2015 - 2025)

·         Gold

·         Platinum

·         Diamond

·         Others

Jewelry Regional Outlook (Revenue, USD Billion, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Intelligent Traffic Management System Market Estimated to Experience a Hike in Growth by 2025

The global intelligent traffic management system market size is expected to reach USD 18.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 12.0% over the forecast period. The ITMS market is expected to witness significant growth due to growing adoption of advanced traffic management system (ATMS) to enhance road safety.

Traffic monitoring system accounted for the largest revenue share owing to its rapid adoption in developed regions like North America and Europe. These solutions help in controlling signal lights, thereby ensuring smooth vehicle flow. Moreover, they help in reducing air pollution as well as road accidents by providing real time information. Moreover, supportive government initiatives in order to improve vehicle flow, increase transportation system efficiency, increase economic productivity, enhance mobility, and reduce negative environmental effects are likely to support the market growth.

Intelligent driver information system (IDIS) is expected to be the fastest growing solution over the forecast period. IDIS provides real time and avoids potential collision with the help of auto brake solutions. Moreover, these solutions detects the speed of a vehicle in the lane, and thus helps in avoiding collision.

North America dominated the smart traffic management system market in 2018 and is expected to maintain its lead throughout the forecast period. Demand for ATMS is increasing in the region as it reduces road congestion and enhances the driver and passenger safety. For instance, in June 2016, the Texas Transportation Commission announced the approval of a USD 1.3 billion plan to reduce vehicular congestion in the most congested roadways in Texas. According to the commission, on an average, a Texas driver wastes around 52 hours annually stuck on the road, which costs over USD 1,200 annually.

Asia Pacific is anticipated to witness substantial growth due to rapid urbanization and growing population. Rise in the disposable income of the population will fuel the demand for vehicles. This is expected to increase road congestion and boost the demand for ATMS, thereby fueling the ITMS market growth.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/intelligent-traffic-management-system-market

Further key findings from the study suggest:

·       Integrated corridor management (ICM) solution is projected to expand at a CAGR of 12.7% during the forecast period. Increasing need to reduce road congestion and improve travel time is expected to boost the demand for ICM solutions

·       U.S., Germany, and China are the prominent countries using ITMS due to heavy consumption of automobiles in these countries

·       Many cities in India have implemented traffic management with video surveillance solutions due to growth of the IP camera market. This will help the controllers with real-time data about the road congestion scenario as well as help in ensuring that the drivers are following safety regulations

·       The intelligent traffic management system market is highly competitive in nature due to the presence of many key global players. Rapid technological advancement is compelling the market players to invest heavily in research and development of these solutions to ensure easy implementation.

Grand View Research has segmented the global intelligent traffic management system market on the basis of solution and region:

Intelligent Traffic Management System Solution Outlook (Revenue, USD Million, 2015 - 2025)

·         Traffic Monitoring System

·         Traffic Signal Control System

·         Traffic Enforcement Camera

·         Integrated Corridor Management

·         Intelligent Driver Information System

·         Other

Intelligent Traffic Management System Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

·         Asia Pacific

o    China

·         Central & South America

o    Brazil

·         Middle East & Africa

o    UAE

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com