The perception of quality and status plays a key role in driving demand for luxury handbags among the rising affluent class India
Buying a luxury handbag with their first pay cheque is a celebration of self for young working women
The global luxury handbag market value is estimated to be between US$ 23 billion to US$ 30 billion (2021-2022), depending on the market research company you follow. The absolute figure aside, the estimated growth of 6-8 per cent over the next seven years must be appreciated. That’s close to a US$ 50 billion industry in the next few years.
Anecdotally as well, in major cities of the world, young women carrying a luxury brand handbag seem to have multiplied. Women…
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