Handbags have been a core part of the fashion and accessories industries for a long time now. Designers dedicated to creating fashion statements in the global handbag market are both, parts of a large fashion corporation or individual companies of all sizes. As with most branches of the fashion industry, handbags are often subject to an incredibly high volume of local manufacturers that recreate original products from top brands to sell them at a lower price, severely hampering the overall rate at which the global handbag market can generate profits. This could be resolved by a stronger expansion effort by the leaders in the market, along with better policies on copyright protection of designs and product integrity. The ability of consumers spending on premium products is also improving, complemented by the booming ecommerce industry and a greater exposure to the latest handbags through the Internet.
Over the recent years, the global handbag market has been witnessing a slight downturn in terms of growth in demand and sales, especially in the more developed economies from North America and Europe. The U.S., especially, has players worrying about the steadily falling growth rate of individual companies. Some of the leading makers of handbags in developed economies are facing the slowing demand in the face of a growing number of new entrants entering the market and eating into the overall demand volume.
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