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Date Posted: Wednesday 26th April 2023
Research and advisory company Technavio has released a report on the growth of the global handbag market. Findings point out an increase in value by 14.11 billion US dollars from 2022 to 2027 and a CAGR of 4.3%. The growth of the market depends on several factors, including the personalisation and customisation of luxury handbags, the increasing marketing campaigns, celebrity endorsement and brand promotion activities, and the increased consumer fashion consciousness and spending on personal goods. Other findings include:
For the full report visit technavio.com.
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