Luxury Handbag Market Report and Growth Forecast 2026

According to a new market report published by Transparency Market Research titled ‘Luxury Handbag Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global luxury handbag market is expected to reach a value of US$ 35,075.3 Mn by 2026. The market is estimated to expand at a CAGR of 10.0% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach over 152,985.1thousand units at a CAGR of approximately 9.0% by 2026.

The luxury handbag market in Asia Pacific is projected to expand at a rapid pace during the forecast period. According to the report, the global luxury handbag market is experiencing high-paced expansion in its size and valuation due to the growth in the e-commerce retail market which is driving the luxury handbag market at present and a similar trend is anticipated to be witnessed over the forecast period.

One of the biggest drivers of the luxury handbag market is increasing population of working women and changing male preference for buying various types of handbags. Luxury handbags are an important accessory in day to day life. Luxury handbags include shoulder bags, satchel bags, handheld bags, sling bags, tote bags, hobo bags, backpacks, wallets, and others. These type of bags are used by both men and women.The demand for luxury handbags is much higher in developing countries and is anticipated to continue rising over the next few years.

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The luxury handbag market can be segmented based on type, material, gender, and distribution channel. Based on type, the market can be categorized into handbag, backpack, wallet, and others. The handbag segment accounted for a prominent market share in 2017 and is forecasted to continue its dominance in the coming years till 2026, as there are numerous varieties and types available in the handbag segment such as tote bags, hobo bags, sling, bags, etc., offering multiple buying options to the customer. In terms of material, the leather segment is expected to expand at a CAGR of over 9.5% to reach over US$ 10,000 Mn in the near future.

This is due to the fact that a stylish handbag made of leather is the first attention-grabber for the consumer. Leather is expected to be followed by the synthetic segment due to rising demand for customizable and unique designs which are more often used by women than men. In terms of gender, the market is largely dominated by women, and the segment is expected to expand at a steady pace as the foremost part of the total luxury handbag market is primarily generating revenue from the women’s segment.

However, the men’s segment is projected to grow at a faster rate in the coming years due to growing demand for male luxury products. Men have started spending more on luxury bags. Based on distribution channel, the market is currently dominated by the offline channel. However, in the near future, sales via the online channel are anticipated to rise at a fast pace owing to growing number of e-commerce platforms such as Amazon, Myntra, eBay, etc. Small manufacturers can sell their handbags through these platforms without investing in a standalone shop.

In terms of geography, Europe dominated the global luxury handbagmarket in 2017 with more than 25% market share and is expected to maintain its leading position in terms of revenue during the forecast period, followed by Asia Pacific. Asia Pacific is projected to be the fastest growing market in the coming years due to major contributions from countries such as China, India, Japan, Macau, and Hong Kong. Japan and China are the major contributors to the growth in this region due to the presence of a large manufacturing base. India is one of the most promising markets due to which luxury handbag players are making huge investments in luxury products, backed by the growing standards of living in the country. In addition, Asia Pacific is becoming a fast growing region with the rising GDP growth rates.

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Some of the leading players of the luxury handbag market are PVH Corp. (Calvin Klein), Compagnie Financiere Richemont SA (Chloe SAS), Furla S.p.A., GANNI A/S, Giorgio Armani S.p.A. (Armani), Loeffler Randall, Macy’s Inc., LVMH Moët Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC), Michael Kors Holdings Limited, Rebecca Minkoff, Sungjoo Group (MCM), The Cambridge Satchel Company, MAUS Freres SA (The Lacoste Group), Vera Bradley Sales, LLC., MILLY NY, Tapestry, Inc. (Coach, Inc.), and Longchamp S.A.S. These players are competing against each other to increase their market share. For example, in July 2017, eight new Chloe stores were opened worldwide to increase its luxury handbag offering. Moreover, product development by offering multi functionality options in the handbag, business expansion, strategic partnerships, and opening new facilitiesare other key business strategy adopted by luxury handbag companies across different regions.

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Industrial Protective Footwear Market 2020 Global Size, Status and Outlook

The global industrial protective footwear market is foreseen to expand at a steady CAGR of 4.1% from 2018 to 2027. By the end of 2027, the global industrial protective footwear market  is foreseen to reach around worth US$ 9,270.1 Mn. On the basis of volume, the market is prognosticated to expand at a CAGR of 5.5% within the forecast period from 2018 to 2027. The market is estimated to flourish with 163,013 ‘000 units by the end of 2027. 

Although leather footwear segment accounted for the highest market share in 2015, plastic footwear segment is expected to witness the fastest growth rate during the forecast period. This is attributed to their resistance against low temperature, crack, UV radiation, and waterproof nature. North America is a significant personal protection equipment (PPE) market in the world. Industrial protective footwear or safety footwear is part of PPE. 

 

Poor Working Conditions for factory workers to hamper Market Growth 

Quick advancement in different businesses has expanded workforce globally. But, factory workers face poor working conditions, expanded work hours, and employment instability. This highly affects the development of the market. Stringent government directions with respect to work environment security have brought about surged demand of industrial protective footwear. 

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Developing security requirements for labors in manufacturing and development parts should drive the size of industrial wellbeing footwear market. These industrial protective footwear give insurance against different dangers including moving machines, introduction to chemicals, falling items, and electrical contact. These shoes are fabricated in consistence with safety footwear models incorporating ANSI in the U.S. which may propelled the business development. 

Growing Industrial Mortality in Chemicals to Propel Demand 

Surged awareness towards security and health and labors alongside developing industrial fatality in chemicals, manufacturing parts and other development sectors inferable from absence of protection may propel the industrial healthcare footwear market development. These are intended to deflect and ensure slip resistance, foot fatigue, and give expanded help to the curve and impact point which are being fused in the footwear market, in this way stimulating the industry development. 

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Power Bank Market - Key Players and Revenue Growth Analysis by Forecast To 2027

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018. In terms of region, Asia Pacific acquired greater share in the power bank market in 2018.

Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc. Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

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Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability. In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price.

Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability. By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers. Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide.

Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments. By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

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Military Rifle Market Share by Manufacturers

The global military rifle market is projected to demonstrate ascending graph of demand during the forecast period of 2019 to 2028. This growth can be attributed to a plethora of reasons. Rising number of issues related to the safely of nations is one of the key reasons boosting market growth. The segmentation of the global military rifle market is performed on the basis of product, range, firing mode, and region. On the basis of firing mode, the global military rifle market is divided into semi-automatic, fully automatic, and non-automatic.

An upcoming research report from Transparency Market Research (TMR) aims to offer comprehensive assessment of key elements impacting positively and negatively on the growth of the military rifle market. It gives reliable data on volume, shares, revenues, key players, and demand dynamics of the global military rifle market. Thus, the report is a compilation of all valuable insights of the said market for the forecast period of 2019–2028.

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Global Military Rifle Market: Growth Dynamics

In recent years, the world is witnessing rising concerns related to the safety of overall common population, territories, and public wealth. This situation has called for taking initiatives and growing efforts toward strengthening the security of countries. As a result, the government bodies of many worldwide countries have increased their spending on military services. Many countries are procuring as well as manufacturing superior quality weapons. The main purpose of this move is to strengthen their military capabilities. This factor is working as a driver for the global military rifle market.

The global military rifle market is witnessing rising demand for various products from a wide range of countries. Light machine gun, assault rifle, designated marksman rifle, general-purpose machine gun, and sniper rifle are products that are in high demand these days. This aside, the market for military rifle is witnessing rising demand for fully automatic military rifles owing to numerous advantages they offer.

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Global Military Rifle Market: Competitive Analysis

The global military rifle market is consolidated in nature. Presence of many international players signifies that the competitive landscape of the market for military rifle is extremely intense. Several vendors are entering into MoU and partnership deals. Using these moves, companies are focusing on fulfilling the high demands for the products from the market for military rifle. At the same time, the unmet demand of end-users connotes the opportunity for entry of new players in the global military rifle market.

Another strategy used by enterprises working in the global military rifle market is advancing their production capability. For this purpose, many companies have announced the expansion of their factories. As a result, the players from the military rifle market for are witnessing prodigious avenues for growth during upcoming years.

The list of key players in the global military rifle market includes:

• Arsenal Inc.
• Adcor Defense
• Adams Arms
• Bravo Company MFG, Inc.
• Sig Sauer

Global Military Rifle Market: Regional Assessment

The global military rifle market is spread across seven key regions, namely, North America, Europe, East Asia, South Asia, Latin America, Middle East and Africa, and Oceania. Of them, North America is projected to maintain its leading position in the market for military rifle. Furthermore, East Asia and South Asia are prominent regions showing profound growth during forecast period of 2019 to 2028. One of the key reasons for this growth is presence of emerging economies in these regions. Thus, the rising demand from developing countries including India and China is fueling the military rifle market growth.

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Tele-operated Marine Drone Market Demand & Future Scope Including Top Players

Tele-operated marine drones are flying unmanned marine robotics or vehicles that are controlled by human operators. these drone systems, the operators control the movement of the robots from a distance away. In the recent past, tele-operated marine drones have been utilized by navy practices such as intelligence gathering. At present, these drones are discovering a broad spectrum of end uses in commercial industries such as drone based photography, and search and rescue missions. Alongside the emerging tele-operated drone market, drone education has also been expanding. Marine drones are used in standard water sampling as well. In this case, a handheld terminal is used for monitoring the working status of a boat and remotely controlling it.

Several universities across the world are now providing bachelor degree in Unmanned Systems Applications. Besides, increase in usage of tele-operated marine drones in commercial applications such as media and entertainment, monitoring, inspection, mapping, and surveying has boosted the growth of the global tele-operated marine drone market. All over the world, governments have also implemented these drones for surveillance, and other law and enforcement purposes.

They are further implemented in scientific research and development, infrastructure, disaster management, and environmental study activities. Thus this broad range of applications, along with growth in demand for the information generated by tele-operated marine drones and the rapid technological progress in tele-operated drones, are expected to further bolster the rate of growth in this market in the coming years. These drones also help to capture videos and images of undocumented immigrants and smugglers across borders. As far as restraining factors hampering the growth are concerned, government laws and rules regarding private policy violation pulls back the market to a certain extent.

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However, tele-operated marine drones are broadly utilized to monitor volcanoes, search and rescue mammal species, and to monitor water pollution. This developing trend of implementation of these drones in different activities is expected to establish a number of market opportunities for marine drone producers in the market. These manufacturers concentrate on offering comprehensive design, safety and functionality for ensuring the best creative appearance and performance.

The global tele-operated marine drone market is segmented on the basis of application, product, type, and geography. On the basis of application, the market is segmented into marine patrolling, hydrographic survey, oceanographic survey, environmental measurement, healthcare, defense, entertainment and media, and other applications. Among these applications, the entertainment and media segment will expectedly account for the largest market share in terms of revenue during the forecast period.

This is because of the increasing usage of tele-operated marine drones for capturing high resolution pictures and recording videos by professionals. According to product type, the global tele-operated marine drone market is divided into hybrid, nano, rotary blade, and fixed wing. On the basis of type, this market is categorized into monohull, catamaran, and trimaran Based on geography, the market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

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Among the various regions, North America is estimated to account for the largest market share in the coming years, and also grow at exponential rates because of Part 107 regulation released by Federal Aviation Administration in the U.S. in 2016.This paved a path for numerous market opportunities in commercial industries such as surveying, inspection, mapping, and other sectors. In Canada, tele-operated marine drones are being utilized in high risk roles and diverse environment such as oceanographic research. The Asia Pacific segmented is analyzed to witness the highest rate of growth in the near future. The key players in the global tele-operated marine drone market are Deep Ocean Engineering, the Oceanscience group, Subsea Tech, Edge Tech, EvoLogics, R&D Drone, Smart Own, ACSA, and Yunzho Tech.

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Reefer Container Market Size, Industry Outlook and Forecast to 2024

Reefer containers are refrigerated insulated containers used to ship temperature-controlled cargos such as fruits, fish, meat, vegetables, and dairy products.  They are also used to ship inedible products such as flowers, pharmaceuticals, and chemicals. Some products need to be transported in chilled, frozen, or temperature-controlled containers. Reefer containers help transit such products without the risk of decay or spoilage. Reefer containers can keep products frozen at a temperature of even minus 60°C. Optimal humidity conditions are also ensured inside reefer containers through de-humidification systems. This enables flowers to stay fresh and bananas and other fruits do not turn brown even after being in transit for miles and over several days inside the reefers.

Reefer containers can maintain and lower temperature in harsh and unsuitable conditions. These containers can help maintain temperature of 30°C for goods that need to be kept warm regardless of the temperature prevalent outside. However, reefer containers are not meant to lower the temperature of cargos, but maintain the pre-cooled cargo temperature. These containers are characterized by bottom air delivery units designed in a way that lets in chilled air through the floor of the reefer via a T-shaped decking. This, in turn, provides the advantage of producing consistent and uniform flow of cold air across the container, thereby ensuring suitable exchange of air in goods.

Innovative methods of shipment of cargos have replaced conventional methods. Conventional methods of transportation primarily include the transit of goods by roads, which takes long time. Goods may perish in such a method of transportation. Although navigation facilities are available, the absence of thermal insulated containers may damage edible and inedible products that need to be stored under controlled temperatures.

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Global cold chain has expanded significantly since the last few years due to the discovery of reefers, which help transit edible and inedible products easily in a stipulated duration without causing any damage. Increase in international trade and easy navigation facilities have also boosted the reefer container market. Of late, reefer containers have been replacing temporary warehouses, as the former lower packaging and labor costs. Low transportation costs, fast and easy transshipment of goods, and low terminal turnaround times are driving the reefer container market. Protection from theft and spoilage are also responsible for the increase in usage of reefer containers.

Lack of availability of the appropriate reefer container is one of the major challenges facing the reefer container market since utilization of the latest cooling technology is vital. Transportation costs and freight charges have decreased substantially.

However, significant investment in terms of fixed capital expenditure is needed in arranging and maintaining reefer containers. This is another factor that hampers the reefer container market. Ports also need to be spacious in order to accommodate large containers; thus, occupancy becomes a challenge. Allowing trade of cargos in reefer containers also increases the incidences of illicit trade, as contents are unknown.

The reefer container market can be segmented based on the types of products transported and geography. Food products and non-food products that can be further segmented into liquid items, pharmaceuticals, and chemicals are the types of products or cargos transported in reefer containers. 

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Based on geography, the reefer container market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America. Of these, APAC and North America are the leading markets. Both these regions are technologically advanced and have some of the key manufacturers of reefer containers. These regions are also known to engage in extensive overseas trade across the globe.

Key players operating in the reefer container market are Daikin (Japan), Klinge Corporation (the U.S.), Singamas (China), Fortune Container Trading (HK) Limited (China), and Global Sea Containers Limited (the U.S.). These companies are leading in terms of manufacture of reefer containers. Major vendors operating in the market include Maersk Line (Denmark), MSC (Switzerland), and NYK Line (Japan).

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Commercial Aircraft Market Manufacturers Analysis

The global commercial aircraft market is on course to achieve a stellar growth in the coming years of the forecast period. As the global tourism flourishes and becomes accessible to more people, the airline companies will look to expand their fleets. Moreover, airline industry is becoming more customer oriented and thus is projected to upgrade to new generation of aircrafts to provide their customers with unique experiences. Such developments are thus projected to help in the overall development of the global commercial aircraft market.

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Global Commercial Aircraft Market – Notable Developments

Some of the key developments in the global commercial aircraft market are given below:

• The global commercial aircraft market is mainly dominated by Boeing Company and Airbus SE. In December 2019, United Airlines Holdings Inc., one of the top airlines across the globe, placed a huge order of aircrafts with Airbus SE. United Airline places their first long-range A321neo jets with Airbus. The valuation of the deal is worth over US$7 billion.
• In November 2019, Emirates Airline and Boeing Company together a issued a statement in which they announced the Emirates have agreed upon purchasing 30 787-9 Dreamliner aircrafts. The value of the deal is expected to be around US$8.8 billion.

Global Commercial Aircraft Market – Drivers and Restraints

There are multiple factors that are helping to push the growth of the global commercial aircraft market. One of the biggest driving factor for the market growth has been the recent rise in the number of air traffic. Emerging economies in particular are contributing considerably in such matters and are thus fueling the development of the global market. Another important factor for the development of the global market has been the launch of new air routes for improving the global connectivity. It is causing the airline companies to expand their aircraft fleet. This is in turn helping to drive the demand for procurement of the next generation of commercial aircrafts. Furthermore, in recent years, there has been a considerable economic growth of the middle class population. This coupled with the growing trend and ever increasing popularity of global tourism is expected to fuel the development of the global market.

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Global Commercial Aircraft Market – Geographical Outlook

The global commercial aircraft market features a vast geographical landscape with five main regional segments. These regions are North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Of these segments, the region of Asia Pacific is currently leading the global commercial aircraft market. The dominance of the regional segment is because of the increasing number of aircraft procurement occurring there. In addition to this, recent rise in the amount of air passenger traffic is also helping to fuel the development of the market. Evolving nations such as India and China are experiencing massive developments in their domestic air traffic culture and are thus contributing in the overall development of the Asia Pacific segment of the commercial aircraft market. Moreover, introduction of next generation aircrafts and launch of new air routes are also helping to fuel the market growth.

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