The handbag market in India has gone through a period of continuous transformation over the past decade, which is attributed to the evolution of consumption choices that reflect the personality of the Indian consumers, especially. In fact, fashion accessories are no longer the only essential purchase for consumers in India, but an important component of the lifestyle shopping category. Considering the growing Indian economy, increasing disposable income, and increasing urbanisation, the demand for fashion accessories is at its highest in the country. As a result, the handbag market is growing at an unprecedented rate, and these top handbag brands in India dominate the industry.
Indian Handbags Market Analysis
The handbag market in India can be divided into four categories: shoulder bags, satchels and saddles, totes, and purses and wallets. According to the market research report compiled by industry analysts at Technavio, the handbag market in India is dominated by the purse and wallet segment, which is expected to continue to be a major contributor over the next few years. The report also identifies that specialist retailers will account for the largest share of the market in terms of distribution.
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Fashion Top 10 Luxury Handbags in the WorldLuxury Handbags
Luxury handbags have a way of enhancing the elegance of a woman. But instead of running with a one-season wonder, why not add on to an exquisite collection of handbags that will stand the test of time? Below is a list of top luxury handbags that famous fashion brands offer you.
VIP Industries, which dominates the luggage industry with a 52% market share, is striving to make its iconic handbag brand Caprese a key growth driver for the organization. Caprese is positioned as a major premium brand in India and is one of the top brands in the women’s handbag market today. Caprese handbags are offered at over 800 points of sale across the country, including company-owned stores, multi-brand dealers, franchise stores, and some of the largest department store chains such as Pantaloons, Lifestyle, and Shoppers Stop, and Central.
Lavi is one of the leading lifestyle brands in India. It unveiled its first bag collection in 2010, followed by launching a wide range of products to meet the growing demands of its consumers. Bagzone, which manufactures and sells bags, is the parent company behind Lavi’s, which was introduced to target the women’s handbag market. The company sells its products through major retail stores like Bagzone Store, Lifestyle, Pantaloons, Shoppers Stop, Central, and many more, as well as online retailers such as Amazon, Jabong, Flipkart, Myntra, and company-owned Bagzone.com. Lavi recently roped in popular Bollywood actress Anushka Sharma as its brand ambassador.
Established in 1990 by Neena Lekhi, Baggit is one of the most recognized handbag brands in India that manufactures high-quality handbags for women at affordable prices. The company also manufactures and designs belts, caps, multi-utility pouches, wallets, and other related products. The brand first appeared in INXS, Mumbai, and now has retail outlets in over 61 cities across the country including Pune, Mumbai, Delhi, and Bangalore. Currently, Bagit’s net worth is more than INR 60 Crores. Baggit also has a presence on e-commerce platforms like Amazon, Flipkart, Myntra, and Jabong.
4. Da Milano
With over six decades of experience in manufacturing leather goods, Da Milano is one of the best handbag brands in India today, offering products that incorporate cutting-edge technology, creativity, and enduring sophistication. Apart from handbags, the company also offers travel bags, portfolio bags, wallets, and other accessories. In India, Da Milano currently operates 44 self-operated retail stores in 10 cities across the country and plans to develop 100 retail stores in over 34 cities in India over the next five years. The company is also aiming to expand its reach in the global market with plans to open stores in Europe, Singapore, and Dubai.
Uniqlo Retail is one of the top handbag brands in India and a leading manufacturer of ancillary lifestyle products such as women’s clothing bags, men’s purses, and handbags. Founded in 2010, the company has grown from a handbag company to a multi-dimensional growth-oriented fashion brand with lines such as Donna & Drew and Pepperone. Peperone unveiled its first collection in 2010 in Chennai, and since then the handbag brand has attracted a large number of loyal consumers. Its products are a blend of craftsmanship, extreme comfort, and progressive styles.
From a two-man workshop to one of the leading handbag manufacturers most recognized for their quality products and personalized service, Hidesign one of the world’s top handbag brands with over 84 exclusive retail outlets and a distribution network has been made. 23 countries. Apart from the Indian market, the leading handbag brand is present in the UK, US, and some European countries. The company aims to expand its presence in India and in emerging global markets. Hidesign plans to set up 20 retail stores by the end of this year, including 10 outlets at airports and another 10 in malls.
Ladeida is known as one of the most ethical handbag brands that eliminates the use of animal leather and instead use synthetic leather and faux leather to make its bags. Established in 2001, Ladida has shown steady growth in India and other emerging countries with products that reflect distinctive designs, the use of impure materials, and suitable color combinations. Ladeeda is now one of the top 10 ladies’ handbag brands in India, dominating the industry with quality products and good prices. The company’s handbag products are available on some of the top e-commerce websites including Paytm, Amazon, Jabong, Myntra, and other retailers.
8. Lino Perros
Established in the year 1999, Lino Perros has come a long way to become one of the leading handbag brands in India. The company’s products were well received in the Indian market since its inception due to their high quality and attractive design. Lino Peros is a subsidiary brand of Sumitsu Apparel, which is known for its quality products in India. Lino Peros has its own manufacturing facility, which helps the company in providing handbags to the customers at very affordable prices.
9. The House of Tara
Established in Delhi in 2012, The House of Tara has become one of the leading handbag brands in India due to its unique approach to breaking the clichés of traditional handbag designs and creating casual, stylish bags. House of Tara has become one of the most recognized brands among college students and teens who are looking for funky and innovatively designed handbags at affordable prices. The handbags from the brand are known to be a perfect choice for gifting purposes.
Esbeda, a leading ladies’ handbag brand launched by InTouch Leather House India Pvt. Ltd. entered the market in 2006 with a retail showroom in North Mumbai. The company offers a wide range of exclusive bags and accessories ranging from bridal wear to formal wear. With a global network of customers and over 18 years in business, Esbeda has grown into a major brand with extensive knowledge of the bags and accessories markets across the globe. The company has its own manufacturing facilities located in China, Korea, and Taiwan to meet the growing demand from the Indian market.
Having a fabulous purse in your wardrobe is nothing less than a boon. If you don’t already have one it’s never too late to get one. In this blog, we have mentioned the top handbag brands in India. Please choose a brand from the list above and place an order before it’s too late!