As a handbag trader or wholesaler, it's important to know which brands are on the rise. Here are some of the handbag manufacturers to keep an eye on in 2023. These up-and-coming companies are sure to make waves in the industry with their innovative designs and quality materials. So if you're looking for new brands to add to your inventory, be sure to check out these manufacturers!
The global handbag market is expected to reach $41.2 billion by 2023.
The global handbag market is booming and is expected to reach $41.2 billion by 2023, a staggering three-fold increase since 2013. This remarkable growth indicates potential buyers are becoming increasingly willing to spend more on luxury and premium brands. With so many stylish designs and options available on the market, it makes even more sense why people would be open to investing in these coveted items that offer an undeniable level of practicality for both casual and formal situations. For those looking for the perfect style statement, there has never been a better time to shop around for the ideal accessory. The market will no doubt continue to expand over the next few years as more shoppers take advantage of the new found riches this sector presents.
Here are 5 handbag manufacturers to watch out for in the coming years:
Gionar handbag manufacturer
Gionar is a top handbag manufacturer based in China that has been creating unique designs for the last decade. Gionar has established itself as one of the premier handbag manufacturers in China, and its products are sought after by fashion-forward shoppers both online and in brick-and-mortar stores. Gionar produces stylish and vibrant bags that are crafted with quality materials, such as genuine leather and fabrics imported from around the world. Gionar’s commitment to craftsmanship ensures every Gionar bag is an outstanding example of design perfection that won’t disappoint. Gionar is certainly one of the Chinese manufacturers to watch out for in the coming years!
Michael Kors Holdings Ltd.
Michael Kors Holdings Ltd. has established itself as one of the leading players in the luxury lifestyle marketplace since 1981. Founded by world-renowned designer Michael Kors, this versatile company deals in fashion accessories, including handbags, shoes, and jewelry for men and women. In 2017 alone their stylish products racked up an impressive $4.7 billion in revenue, demonstrating how much consumers love their designs and iconic brands. Whether you're looking to make a statement or explore your style, it's no wonder why customers are drawn to Michael Kors Holdings Ltd. for all of their fashion needs!
Coach Inc. is one of the most iconic American brands around today, having been in business since 1941. The unique designs from its leather goods such as handbags and wallets have secured Coach an international reputation for quality and excellence. Their success is reflected in their annual revenue which last year amounted to an impressive $4.6 billion, demonstrating the popularity of their products worldwide. Whether you're looking for a stylish gift or something special for yourself, Coach has something to please any discerning customer.
Kate Spade & Company
Kate Spade was founded in 1993 by its namesake designer and focuses on luxury handbags and other accessories with a unique aesthetic appeal. Last year, the company generated $1.4 billion in revenue
Tapestry is the parent company of several high-end fashion brands, including Coach (mentioned above), Stuart Weitzman, and Kate Spade (also mentioned above). In 2017, they had a revenue of $5 billion
The handbag market is booming and is only expected to grow in the coming years. If you're looking to get involved in this industry, it's important to know who the top manufacturers are. Michael Kors Holdings Ltd., Coach Inc., Kate Spade & Company, and Tapestry, Inc. are all companies that should be on your radar. Each one has its own unique history and line of products that have made them successful in the past and will continue to do so in the future.
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