Handbags & Purses Market Research Reports & Industry Analysis
Handbags have become an important accessory in the fashion world, and are often used as completion pieces for a woman’s wardrobe. They promote growth in the fashion industry, and designers are including handbags in their collections more often to increase revenue. The fashion and luxury market has a direct impact on the different designs that come out of the handbag industry, as one complements the other.
As many designers have started to open their own stores, competition in the handbag industry has become commonplace. Premier handbag companies will sell not only their own designer pieces, but luxury brands and private labels as well. The designer handbag brands that come out of Europe make up the largest market in the industry. Europe typically sells their handbags through independent retailers and specialist chains. Outside of Europe, other countries are on the rise in their creation and distribution of handbags with new strategies and initiatives. Handbag companies are also beginning to adjust their distribution practices so they can provide more effectively for the needs of their consumer, as well as reducing their operational costs.
Handbags & Purses Industry Research & Market Reports
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Synthetic Leather Market by Type (PU based, PVC based, and Bio based), End-use Industry (Footwear, Furnishing, Automotive, Clothing, Bags, Purses, & Wallets), and Region - Global Forecast to 2029
... to register a CAGR of 5.3% between 2024 and 2029, in terms of value. The synthetic leather market size is projected to reach USD 93.25 billion by 2029 at a CAGR of 5.3% from USD ... Read More
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Bags and Luggage in South Korea
... return to the pre-pandemic (2019) level. Although luxury handbags is expected to maintain retail volume and current value growth in 2024, the rate of increase is set to slow compared with the peak of revenge ... Read More
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Bags and Luggage in the US
... backpacks, and duffel bags, although rising costs continue to influence consumers’ purchasing decisions. Indeed, in 2024 30% of US consumers reported plans to increase their spending on travel/holidays, up from 25% in 2023 (Euromonitor International’s ... Read More
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Personal Accessories in South Korea
... price rises and the strength of luxury sales. While the economic downturn initially seemed to reduce luxury sales at department stores, recent trends show a rebound, particularly for watches and jewellery. Although luxury bags is ... Read More
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Personal Accessories in the US
... decline, albeit improving from 2023. This exemplifies the challenges consumers are dealing with, as inflation and interest rates have been cooling in 2024, but are still above pre-pandemic levels, forcing consumers to remain cautious in ... Read More
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Personal Accessories in Switzerland
... stagnant performance, reflecting cautious purchasing behaviours among consumers. Switzerland's high consumer purchasing power remained a positive factor, yet persistently below-average consumer sentiment continued to lead to restrained spending. While inflation in Switzerland remained relatively low ... Read More
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Bags and Luggage in Canada
... 11%, the result of the ongoing recovery following the Canadian government's removal of all remaining COVID-19-related travel restrictions in October 2022. This led to a robust resurgence in travel in 2023, with positive momentum carrying ... Read More
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Bags and Luggage in Switzerland
... and luggage suffered due to cautious purchasing behaviour, as consumers became more hesitant in their spending. Consequently, luggage, business bags, backpacks, small bags, and crossbody bags all experienced a drop in retail volume sales, with ... Read More
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Bags and Luggage in Argentina
... growth, retail volume sales declined by 20%, reflecting the country's challenging economic conditions. Argentina's ongoing economic struggles, characterised by high inflation and uncertainty, led to widespread savings practices and a shift towards price-sensitive consumption. Consumers, ... Read More
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Personal Accessories in Argentina
... The devaluation, which exceeded 100%, contributed to an accumulated inflation rate of 211% in 2023, with inflation remaining significantly high through 2024. While inflationary pressures slowed slightly from May onwards, the price increase far outpaced ... Read More
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Bags and Luggage in Australia
... value growth trajectory following its early review period slump due to the pandemic and resulting lockdowns. Handbags, split between luxury and non-luxury, has resumed retail volume growth, while a stronger value growth performance by luxury ... Read More
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Personal Accessories in Australia
... this represents a welcome reprieve from a tough 2023, when demand stagnated. While Australia avoided a technical recession (defined as two consecutive quarters of falling GDP) in 2023 and the country had almost full employment, ... Read More
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Global Secondhand Luxury Market: Analysis By Product Type (Handbags and Other Luxury Leather Goods, Apparel, Watches, Jewelry, and Others), By Distribution Channel (Online and Offline), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2029
... Forecast up to 2029 - Report Summary Report Metrics Details Years Considered 2019-2029 Base Year 2023 Forecast Period 2024-2029 Page Count 129 Units Referenced US $ Segments/Key Topics By Product Type, By Distribution Channel Regions ... Read More
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Bags and Luggage in Indonesia
... half of 2024 compared to 2023. The main demands came from countries such as Singapore and Malaysia, as well as European destinations. Indonesia also became increasingly popular among Koreans. The return of business travel also ... Read More
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Bags and Luggage in Italy
... by Italian consumers' renewed enthusiasm for travel post-pandemic. Euromonitor International's Bags and Luggagein Italy report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest ... Read More
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Personal Accessories in Indonesia
... incomes to pay for daily needs, millennials, many of whom still lived with their parents, are more likely to have the financial resources to splurge on lifestyle purchases. With this in mind, new product developments ... Read More
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Personal Accessories in Italy
... socialising, and a move away from remote schooling and work after the COVID-19 pandemic. This benefited categories within personal accessories such as bags and luggage, jewellery, watches and writing instruments. Euromonitor International's Personal Accessoriesin Italy ... Read More
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2025 Global: Base Metal Hooks, Eyes, Eyelets And The Like, Used For Clothing, Footwear, Awnings, Handbags, Travel Goods Or Other Made-Up Articles Excluding Snap Hooks, Rivets, Press Studs And Push Buttons Products-Manufacturing Forecast (2031) report
... The 2025 Global: Base Metal Hooks, Eyes, Eyelets And The Like, Used For Clothing, Footwear, Awnings, Handbags, Travel Goods Or Other Made-Up Articles Excluding Snap Hooks, Rivets, Press Studs And Push Buttons Products-Manufacturing Forecast (2031) ... Read More
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Bags and Luggage in the United Arab Emirates
... This category rebounded quickly post-pandemic, with value sales of high-end bags and luggage surpassing 2019 levels by early 2022. Dubai’s early reopening compared to other global cities gave it an advantage, and the category benefited ... Read More
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Personal Accessories in the United Arab Emirates
... performances in 2022 and 2023 were fuelled by unprecedented government initiatives that attracted high net worth individuals to the United Arab Emirates, resulting in an expanding population and purchasing power. Additionally, record-breaking tourism during those ... Read More
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Women's Handbag and Purse Manufacturing - 2025 U.S. Market Research Report with Updated Analysis & Forecasts
... of the industry in the United States with over 100 data sets covering 2016-2029. This 63-page Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the ... Read More
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Handbags & Purses (UK) - Industry Report
... Seek out the most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Handbags & Purses (UK) report will tell you the ... Read More
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Bags and Luggage in Hong Kong, China
... A less severe value decline compared to volume is due to a further rise in the average unit price, driven by luxury brands. Historically, international tourists, especially from mainland China, represented a significant proportion of ... Read More
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Bags and Luggage in the United Kingdom
... due to declines in consumer spending in an inflationary environment. As consumers continue to face economic challenges, with bags and luggage often perceived as non-essential purchases, it is impacting overall category spending in the local ... Read More
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Personal Accessories in Hong Kong, China
... sales of personal accessories as a whole are declining. The waning appeal of Hong Kong to international tourists, previously known as a “shopping heaven”, along with the reduction in domestic interest, is among the most ... Read More
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