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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Bags and Luggage in the Philippines
... has driven a rise in demand for bags, particularly for school and work purposes. This trend is further amplified by the growth of social media platforms like TikTok, where live selling and fit checks - ... Read More
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Bags and Luggage in Thailand
... remains supported by the younger generation’s enthusiasm for all things Korean. This influence has been particularly visible at Siam Discovery, where 15 new Korean-fashion brands, including K-Fashion 82 and the Carlyn pop-up boutique, were introduced. ... Read More
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The World Market for Personal Accessories
... challenging, requiring personal accessories brands to navigate uncharted waters once again in 2025. Stricter regulations on sustainability, changing consumer habits, channel shifts, and ongoing digital transformation are expected to shape the industry over the next ... Read More
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Global Testing, Inspection, and Certification TIC for Apparel, Footwear and Handbags Market Growth (Status and Outlook) 2025-2031
... from US$ 6312 million in 2025 to US$ 8449 million in 2031; it is expected to grow at a CAGR of 5.0% from 2025 to 2031. The major players in global Testing, Inspection, and Certification ... Read More
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Personal Accessories in Singapore
... implemented Goods and Services Tax (GST) hike, from 8% to 9%. Despite the additional tax burden, which contributed to the rising cost of living, consumer confidence has been gradually rebounding, encouraging continued investment in personal ... Read More
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Bags and Luggage in Spain
... relatively high in 2024. The rising cost of living is being felt across both essential and non-essential goods, putting pressure on household budgets and influencing spending priorities. This economic strain has particularly impacted discretionary categories, ... Read More
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Bags and Luggage in France
... Meanwhile, bags slipped into a slight negative decline in volume in 2024, compared to a stronger performance in 2023. Euromonitor International's Bags and Luggagein France report offers a comprehensive guide to the size and shape ... Read More
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Bags and Luggage in Malaysia
... made a notable comeback as a contemporary accessory, featuring a modernised twist on the classic material. The Charles & Keith Bethel denim chain-handle tote bag exemplifies this trend, offering an extra-roomy interior that caters to ... Read More
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Personal Accessories in Spain
... Spaniard declined. This economic pressure was compounded by the fact that a majority of Spaniards have mortgages, further reducing their spending power. As a result, consumers adopted a more cautious and savings-focused approach, which led ... Read More
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Bags and Luggage in Singapore
... in 2021, has continued steadily. However, the rate of volume and current value growth has slowed compared to the rapid gains seen over the previous three years, largely due to rising living costs prompting more ... Read More
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Personal Accessories in Malaysia
... stretch their budgets, leading to fluctuations in spending patterns. More consumers are becoming price-sensitive, favouring promotions and discounts offered by brands. Mass brands such as Vincci, Fossil, Casio, and Seiko have responded to this shift ... Read More
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Personal Accessories in France
... comparatively sluggish performance is due to a confluence of factors, including rather gloomy weather during the first half of the year, leading to a reduced consumer footfall in shopping areas. While tourists and visitors came ... 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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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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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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Global Ladies Handbag Market Growth 2025-2031
... CAGR of 2.8% from 2025 to 2031. Ladies handbag is a small kind of bag for women use; it is usually made of leather, and includes totes, shoulder bags, purses and satchels. Global Ladies Handbag ... Read More
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