Handbags Market 2025-2029
The handbags market is forecasted to grow by USD 15775.3 mn during 2024-2029, accelerating at a CAGR of 4.4% during the forecast period. The report on the handbags market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by personalization and customization of handbags, rising marketing campaigns, celebrity endorsement, and brand promotion activities by companies, and increased fashion consciousness of consumers and spending on personal goods.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's handbags market is segmented as below:
By Type
By Distribution Channel
By End-user
By Product Type
- Tote bags
- Satchels
- Clutches
- Bucket bags
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing design and material innovation leading to product premiumization as one of the prime reasons driving the handbags market growth during the next few years. Also, rising popularity of eco-friendly handbags and growing preference for affordable luxury handbags will lead to sizable demand in the market.
The report on the handbags market covers the following areas:
- Handbags Market sizing
- Handbags Market forecast
- Handbags Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading handbags market vendors that include Authentic Brands Group LLC, Burberry Group Plc, Capri Holdings Ltd., Cartier SA, Chanel Ltd., Dolce and Gabbana Srl, Fossil Group Inc., Hermes International SA, Kanmi, Kering SA, Macys Inc., MCM Products USA Inc., Michael Kors Switzerland GmbH, Prada S.p.A, PVH Corp., Samsonite International S.A., Tapestry Inc., The LVMH group, and Tory Burch LLC. Also, the handbags market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.