Performance of distribution channel segments in the global handbag market size

The global handbag market size is expected to grow at a CAGR of 4.86% during the forecast period. Based on the distribution channel, the global handbag market has been segmented into offline and online.

The offline distribution channel is the largest distribution segment of the global handbag market. Handbag vendors prefer selling through department stores and specialty stores to provide their consumers a tactile experience of their products. The retail format for specialty handbag stores include a grouping of similar products of various brands in one state. These stores provide easy access to the latest fashion products and related accessories.

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Department store retailers differentiate themselves through store interiors, products, and customer service. Exclusive designer collections and private-label brands often offer a competitive advantage in this segment. During the forecast period, more vendors are expected to open new stores in developing and developed countries. Hence, the offline segment is expected to be the largest segment and contribute to the growth of the global handbag market size during the forecast period.