Market Research

Handbag Market

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from $4,850 160 Pages Fortune Business Insights Pvt. Ltd. September, 2024 FOB19185592
Best Price Guarantee
Price from $4,850
Length 160 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date September, 2024
SKU FOB19185592

Handbag Market



Growth Factors of Handbag Market

The handbag market size was reached at a value of USD 56.46 billion in 2023, and the market is now projected to grow from USD 60.29 billion in 2024 to USD 104.24 billion by 2032, exhibiting a CAGR of 7.1% during the forecast period of 2023-2030.

Several businesses were significantly affected by the COVID-19 pandemic, including the global handbag market and other luxury items due to lack of manufacturing in industries. Due to the rising cost on branded products and luxury items which is impeding handbag market growth in the upcoming future.

The fashion industry's rapid expansion leads to the strong want from consumers for luxury items. In addition, celebrity endorsements and advertising in promotional efforts help to navigate a way for the increasing demand by drawing in additional customers. The growing number of women entering the workforce worldwide has contributed significantly to the product's increased demand since it raises their purchasing power. Furthermore, the female population's substantial contribution to consumer expenditure is probably going to increase the rate of consumption.

Additionally, due to rising focus on manufacturing. Numerous manufacturers are refocusing their efforts on producing handbags with cutting-edge features like detachable flaps, power units, exterior shells, and others. This presents a growth opportunity for the market. Furthermore, the rise in the manufacturing of these vegan-specific, cruelty-free bags has improved consumer spending habits. According to information released by Vegconomist in March 2021, Lug introduced its first line of leather goods, including handbags, that were approved by PETA.

Comprehensive Analysis of Handbag Market

The handbag market is witnessing an exponential growth rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the fashion benefit management industry. These segmentations are methodically segregated by product type, by raw material and by end users. The types of products include, Tote, Clutch, Satchel, and Others (Hobo, Body Cross, and Saddle) and type of raw material include leather and fabric. However, the end users include men and women.

In the handbag market, the Europe region lead the consumer goods market by benefitting a market size of USD 19.12 billion in 2023 owing to robust presence among consumers and higher disposable income among population.

The top players in the market play a crucial role in the fashion industry assuring industrial prospectus growth and setting market standards. These players include, Coach IP Holdings LLC(U.S.), Louis Vuitton Malletier (France), Prada S.p.A. (Italy), Burberry (U.K.), Chanel Ltd (France), Guccio Gucci S.p.A.(Italy), Fendi(Italy), Hermès International S.A.(France), Kate Spade(U.S.) and Calvin Klein Inc.( U.S.) these market players provide a level-playing competitive landscape.

In October 2023, The American apparel and accessory brand Anne Klein collaborated with the Indian fashion e-commerce platform Myntra to introduce its latest collection of high-end handbags in the country.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.1% over 2024 to 2032

Unit Value (USD Billion)

Segmentation By Product Type

- Tote

- Clutch

- Satchel

- Others(Hobo, Body Cross, Saddle)

By Raw Material

- Leather

- Fabric

By End-User

- Men

- Women

- North America (By Product Type, Raw Material, End-User, and by Country)
  • U.S. (By Product Type)
  • Canada (By Product Type)
  • Mexico (By Product Type)
- Europe (By Product Type, Raw Material, End-User, and by Country)
  • Germany (By Product Type)
  • France (By Product Type)
  • Italy (By Product Type)
  • Spain (By Product Type)
  • U.K. (By Product Type)
  • Russia(By Product Type)
  • Rest of Europe (By Product Type)
- Asia Pacific (By Product Type, Raw Material, End-User, and by Country)
  • China (By Product Type)
  • India (By Product Type)
  • Japan (By Product Type)
  • South Korea(By Product Type)
  • Australia (By Product Type)
  • Rest of Asia Pacific (By Product Type)
- South America (By Product Type, Raw Material, End-User, and by Country)
  • Brazil (By Product Type)
  • Argentina (By Product Type)
  • Rest of South America (By Product Type)
- Middle East and Africa (By Product Type, Raw Material, End-User, and by Country)
  • South Africa (By Product Type)
  • UAE (By Product Type)
  • Rest of the Middle East and Africa (By Product Type)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Market
4.2. Industry SWOT Analysis
4.3. Porter’s Five Forces Analysis
4.4. Supply Chain and Regulatory Analysis
4.5. Recent Technological Advancements
5. Global Handbag Market Analysis, Insights, and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Product Type (Value)
5.2.1.1. Tote
5.2.1.2. Clutch
5.2.1.3. Satchel
5.2.1.4. Others (Hobo, Body Cross, and Saddle)
5.2.2. By Raw Material (Value)
5.2.2.1. Leather
5.2.2.2. Fabric (Cotton, Wool, Silk, Polyamide,and Polyester)
5.2.3. By End-User(Value)
5.2.3.1. Men
5.2.3.2. Women
5.2.4. By Region (Value)
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Handbag Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Product Type (Value)
6.2.1.1. Tote
6.2.1.2. Clutch
6.2.1.3. Satchel
6.2.1.4. Others (Hobo, Body Cross, and Saddle)
6.2.2. By Raw Material (Value)
6.2.2.1. Leather
6.2.2.2. Fabric (Cotton, Wool, Silk, Polyamide,and Polyester)
6.2.3. By End-User(Value)
6.2.3.1. Men
6.2.3.2. Women
6.2.4. By Country (Value)
6.2.4.1. U.S
6.2.4.1.1. By Product Type (Value)
6.2.4.1.1.1. Tote
6.2.4.1.1.2. Clutch
6.2.4.1.1.3. Satchel
6.2.4.1.1.4. Others (Hobo, Body Cross, and Saddle)
6.2.4.2. Canada
6.2.4.2.1. By Product Type (Value)
6.2.4.2.1.1. Tote
6.2.4.2.1.2. Clutch
6.2.4.2.1.3. Satchel
6.2.4.2.1.4. Others (Hobo, Body Cross, and Saddle)
6.2.4.3. Mexico
6.2.4.3.1. By Product Type (Value)
6.2.4.3.1.1. Tote
6.2.4.3.1.2. Clutch
6.2.4.3.1.3. Satchel
6.2.4.3.1.4. Others (Hobo, Body Cross, and Saddle)
7. Europe Handbag Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By By Product Type (Value)
7.2.1.1. Tote
7.2.1.2. Clutch
7.2.1.3. Satchel
7.2.1.4. Others (Hobo, Body Cross, and Saddle)
7.2.2. By Raw Material (Value)
7.2.2.1. Leather
7.2.2.2. Fabric (Cotton, Wool, Silk, Polyamide,and Polyester)
7.2.3. By End-User(Value)
7.2.3.1. Men
7.2.3.2. Women
7.2.4. By Country (Value)
7.2.4.1. U.K.
7.2.4.1.1. By Product Type (Value)
7.2.4.1.1.1. Tote
7.2.4.1.1.2. Clutch
7.2.4.1.1.3. Satchel
7.2.4.1.1.4. Others (Hobo, Body Cross, and Saddle)
7.2.4.2. France
7.2.4.2.1. By Product Type (Value)
7.2.4.2.1.1. Tote
7.2.4.2.1.2. Clutch
7.2.4.2.1.3. Satchel
7.2.4.2.1.4. Others (Hobo, Body Cross, and Saddle)
7.2.4.3. Italy
7.2.4.3.1. By Product Type (Value)
7.2.4.3.1.1. Tote
7.2.4.3.1.2. Clutch
7.2.4.3.1.3. Satchel
7.2.4.3.1.4. Others (Hobo, Body Cross, and Saddle)
7.2.4.4. Spain
7.2.4.4.1. By Product Type (Value)
7.2.4.4.1.1. Tote
7.2.4.4.1.2. Clutch
7.2.4.4.1.3. Satchel
7.2.4.4.1.4. Others (Hobo, Body Cross, and Saddle)
7.2.4.5. Germany
7.2.4.5.1. By Product Type (Value)
7.2.4.5.1.1. Tote
7.2.4.5.1.2. Clutch
7.2.4.5.1.3. Satchel
7.2.4.5.1.4. Others (Hobo, Body Cross, and Saddle)
7.2.4.6. Russia
7.2.4.6.1. By Product Type (Value)
7.2.4.6.1.1. Tote
7.2.4.6.1.2. Clutch
7.2.4.6.1.3. Satchel
7.2.4.6.1.4. Others (Hobo, Body Cross, and Saddle)
7.2.4.7. Rest of Europe
7.2.4.7.1. By Product Type (Value)
7.2.4.7.1.1. Tote
7.2.4.7.1.2. Clutch
7.2.4.7.1.3. Satchel
7.2.4.7.1.4. Others (Hobo, Body Cross, and Saddle)
8. Asia-Pacific Handbag Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Product Type (Value)
8.2.1.1. Tote
8.2.1.2. Clutch
8.2.1.3. Satchel
8.2.1.4. Others (Hobo, Body Cross, and Saddle)
8.2.2. By Raw Material (Value)
8.2.2.1. Leather
8.2.2.2. Fabric (Cotton, Wool, Silk, Polyamide,and Polyester)
8.2.3. By End-User(Value)
8.2.3.1. Men
8.2.3.2. Women
8.2.4. By Country (Value)
8.2.4.1. China
8.2.4.1.1. By Product Type (Value)
8.2.4.1.1.1. Tote
8.2.4.1.1.2. Clutch
8.2.4.1.1.3. Satchel
8.2.4.1.1.4. Others (Hobo, Body Cross, and Saddle)
8.2.4.2. India
8.2.4.2.1. By Product Type (Value)
8.2.4.2.1.1. Tote
8.2.4.2.1.2. Clutch
8.2.4.2.1.3. Satchel
8.2.4.2.1.4. Others (Hobo, Body Cross, and Saddle)
8.2.4.3. Japan
8.2.4.3.1. By Product Type (Value)
8.2.4.3.1.1. Tote
8.2.4.3.1.2. Clutch
8.2.4.3.1.3. Satchel
8.2.4.3.1.4. Others (Hobo, Body Cross, and Saddle)
8.2.4.4. South Korea
8.2.4.4.1. By Product Type (Value)
8.2.4.4.1.1. Tote
8.2.4.4.1.2. Clutch
8.2.4.4.1.3. Satchel
8.2.4.4.1.4. Others (Hobo, Body Cross, and Saddle)
8.2.4.5. Australia
8.2.4.5.1. By Product Type (Value)
8.2.4.5.1.1. Tote
8.2.4.5.1.2. Clutch
8.2.4.5.1.3. Satchel
8.2.4.5.1.4. Others (Hobo, Body Cross, and Saddle)
8.2.4.6. Rest of Asia-Pacific
8.2.4.6.1. By Product Type (Value)
8.2.4.6.1.1. Tote
8.2.4.6.1.2. Clutch
8.2.4.6.1.3. Satchel
8.2.4.6.1.4. Others (Hobo, Body Cross, and Saddle)
9. South America Handbag Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Product Type (Value)
9.2.1.1. Tote
9.2.1.2. Clutch
9.2.1.3. Satchel
9.2.1.4. Others (Hobo, Body Cross, and Saddle)
9.2.2. By Raw Material (Value)
9.2.2.1. Leather
9.2.2.2. Fabric (Cotton, Wool, Silk, Polyamide,and Polyester)
9.2.3. By End-User(Value)
9.2.3.1. Men
9.2.3.2. Women
9.2.4. By Country (Value)
9.2.4.1. Brazil
9.2.4.1.1. By Product Type (Value)
9.2.4.1.1.1. Tote
9.2.4.1.1.2. Clutch
9.2.4.1.1.3. Satchel
9.2.4.1.1.4. Others (Hobo, Body Cross, and Saddle)
9.2.4.2. Argentina
9.2.4.2.1. By Product Type (Value)
9.2.4.2.1.1. Tote
9.2.4.2.1.2. Clutch
9.2.4.2.1.3. Satchel
9.2.4.2.1.4. Others (Hobo, Body Cross, and Saddle)
9.2.4.3. Rest of South America
9.2.4.3.1. By Product Type (Value)
9.2.4.3.1.1. Tote
9.2.4.3.1.2. Clutch
9.2.4.3.1.3. Satchel
9.2.4.3.1.4. Others (Hobo, Body Cross, and Saddle)
10. Middle East & Africa Handbag Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Product Type (Value)
10.2.1.1. Tote
10.2.1.2. Clutch
10.2.1.3. Satchel
10.2.1.4. Others (Hobo, Body Cross, and Saddle)
10.2.2. By Raw Material (Value)
10.2.2.1. Leather
10.2.2.2. Fabric (Cotton, Wool, Silk, Polyamide,and Polyester)
10.2.3. By End-User(Value)
10.2.3.1. Men
10.2.3.2. Women
10.2.4. By Country (Value)
10.2.4.1. South Africa
10.2.4.1.1. By Product Type (Value)
10.2.4.1.1.1. Tote
10.2.4.1.1.2. Clutch
10.2.4.1.1.3. Satchel
10.2.4.1.1.4. Others (Hobo, Body Cross, and Saddle)
10.2.4.2. UAE
10.2.4.2.1. By Product Type (Value)
10.2.4.2.1.1. Tote
10.2.4.2.1.2. Clutch
10.2.4.2.1.3. Satchel
10.2.4.2.1.4. Others (Hobo, Body Cross, and Saddle)
10.2.4.3. Rest of Middle East & Africa
10.2.4.3.1. By Product Type (Value)
10.2.4.3.1.1. Tote
10.2.4.3.1.2. Clutch
10.2.4.3.1.3. Satchel
10.2.4.3.1.4. Others (Hobo, Body Cross, and Saddle)
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Handbag Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Pandora Handbag , LLC.
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Coach IP Holdings LLC
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Louis Vuitton Malletier
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Chanel Ltd
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Guccio Gucci S.p.A.
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Prada S.p.A.
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Fendi
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Burberry
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Hermès International S.A.
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Kate Spade
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
12.11. Calvin Klein Inc.
12.11.1. Overview
12.11.2. Description
12.11.3. Product Portfolio
12.11.4. Financials (Data as available in public domain and/or on paid databases)
12.11.5. Recent Developments
13. Appendix

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