NEW YORK , Dec. 15, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global tote bags market size is estimated to grow by USD 9.19 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 6.78% during the forecast period. Personalization and customization of luxury tote bags is driving market growth, with a trend towards increased demand at airport retail stores.
However, fluctuating operational costs, including labor, logistics, and raw material costs poses a challenge. Key market players include Burberry Group Plc, Capri Holdings Ltd., Chanel Ltd.
, Dolce and Gabbana S.r.l.
, Double R Bags, Giorgio Armani S.p.A .
, Hermes International SA, Kering SA, Lavie, LVMH Group., Mulberry Group Plc, Prada S.p.
A, PVH Corp., Ralph Lauren Corp., Ronak Industries, Samsonite International SA, Tapestry Inc.
, Targus, Tods Spa, and VF Corp.. AI-Powered Market Evolution Insights.
Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The global tote bags market is experiencing growth due to the rising demand for handbags, particularly tote bags, at airport retail outlets. Travelers frequently purchase luxury and premium tote bags from duty-free stores at airports because of their lower prices compared to local retailers. Airport retailing's popularity is on the rise worldwide, with many major airports undergoing renovati.
