Satchel and Saddle bags are fashionably designed handheld bag used to carry essential items of personal use. Typically, these Satchel and Saddle bags are larger than a purse or pouch .The satchel and saddle bags industry is experiencing a boom, with designer satchel and saddle bags and other varieties commanding thousands of dollars. They are considered to be some important accessory in the fashion world, especially for women and are considered as a completion piece in the woman’s wardrobe. Satchel and saddle bags are used mainly by horse riders and motorcyclists. Their satchel and saddle bags makes always been of leather and small square shaped, attached to the motorcycle on its side.
Designers are including satchel and saddle bags in their collection in order to increase the revenue and simultaneously promote growth in the satchel and saddle bags industry. The fashion industries have reported to have a direct impact on the latest collections that are launched as they are analyzed to complement one other. Designers and other single branded stores are investing on opening standalone or flagship stores so that can capture the major buyers from that locality of satchel and saddle bags market.
The usage of satchel and saddle bags is predominant with woman, and a rise in the woman workforce over the years has boosted growth of the satchel and saddle bags market. Recently, the satchel and saddle bags market has experienced a shift from bigger satchel and saddle bags to smaller satchel and saddle bags along with the increasing preference for off-price channels driven by demand from brand conscious millennial population.
Moreover, the growing affluence in the emerging economies and awareness of better brands has had a significant influence in the satchel and saddle bags market. However, counterfeit products are always major restraint acting in the satchel and saddle bags industry. Additionally, high import duties and declining store presence coupled with decreasing global GDP growth have been affecting the growth of the satchel and saddle bags market.
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The major players dominating the satchel and saddle bags market are Coach, Kate Spade, LVMH, Michael Kors, Ted Baker, Baggit, Hidesign, Fossil and Gucci are a few among other leading producers of satchel and saddle bags in the world.