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Africa luxury leather goods market is expected to register a healthy CAGR of 2.7% in the forecast period of 2018 to 2025.
Competitive Analysis: Africa Luxury Leather Goods Market
Some of the prominent participants operating in this market are-Burberry, Coach IP Holdings LLC, DIOR, Goldlion, Givenchy, Guccio Gucci S.P.A, Kate Spade, Longchamp, Mulberry, Michael Kors Holdings Limited, Phillip Lim, Proenza, Stella International Holdings Limited, River Light V, L.P., Valentino S.P.A, Derek Alexander Leather, Lvmh, Hermès, Prada SPA, Charlotte Olympia Holdings Limited,
The luxury leather goods such as high grade, mid-grade and low grade is one of the most important luxurious stylish items that provide aesthetic products and services which are complimentary in nature. The combination of internet and electronic gadgets with luxury leather goods allows rapid adaptation of social media that put impact on buying behavior of consumer, business or commercial industries. The main purpose is to delivers online shopping that eliminates the intermediaries and middle man from the buying of a product and reduced high cost and delay. The luxury leather goods offers a wide range of applications in leathers shoes, belts, wallets, jackets and handbags..
Segmentation: Africa Luxury Leather Goods Market
Africa luxury leather goods market is segmented into two notable segments which are product and application.
On the basis of product, the market is segmented into high grade, low grade, and mid-grade. In 2019, the high grade market is expected to grow at the highest CAGR of 3.1% in the forecast period of 2019-2025.
In August 2018, Burberry launched two handbags in a WeChat mini program at China, which is beneficial in providing belt bag globally and releasing exclusively red version of high-quality large bags.
On the basis of application the market is segmented into men and women. The, men market is expected to reach the CAGR of 2.0% in the forecast period of 2019 to 2025.
In October 2018, Givenchy launched a new L’Interdit fragrance, which is beneficial in providing cosmetic products such are makeup, skincare and fragrance.
Recent developments: Africa Luxury Leather Goods Market
- In May 2017, Kate Spade acquired Coach Inc. where it’s delivered ‘modern luxury ‘lifestyle products and whole sale distribution in North America. It also offers synergies for raw materials, supply chain and manufacturing goods in US and abroad.
- In July 2016, Longchamp planned to open six luxury label goods store in India, which is beneficial in providing exclusively products such are luggage, shoes, leather hand-bags stores and retails shops.
- In March 2017, Mulberry officially launched english luxury leather goods brands known as ‘Mulberry Asia’ at Taiwan, China and Hong Kong. It is also beneficial in providing retail and omnichannel model in luxury market.
- In March 2017, The Company announced the host of new products and initiatives designed. Through this the company would expand it’s business in the smartwatches, and enter into new market.
- In October 2017, Proenza Schouler launched a diffusion line which is beneficial in providing luxury ready-to-wear of the mainline Proenza Schouler label dresses and accessories such as t-shirts, denim, sweatshirts and outerwear.
- The report offers market share appraisals for regional and global levels
- To gain detailed overview of parent market
- Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
- The study provides an in-depth analysis of the Africa Luxury Leather Goods Market and current & future trends to elucidate imminent investment pockets.
- Identify growth segments and opportunities in the industry
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Research Methodology: Africa Luxury Leather Goods Market
Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.
Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers
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