A handbag is a fashion accessory that allows you to carry various objects like wallets, paper, make-up and keys.
According to INSEE, the leather goods market in France represented a turnover of 2.7 billion euros in 2012. According to the Research & Analysis site, the handbag segment represents nearly 60% of the leather goods market, which puts its annual turnover at around 1.62 billion euros.
The handbag market is shared by a variety of manufacturers: specialised retailers, multi-brand manufacturers, luxury giants, etc.
To win over a wealthy clientele, the companies in the handbag market are focusing on quality leather and the development of Made in France.
Long-lasting companies in the handbag market are now facing competition from non-specialized channels, including department stores, supermarkets and ready-to-wear brands.
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