Global Luxury Bag Market Growth 2023-2029

Global Luxury Bag Market Growth 2023-2029

Luxury Bag is pleasant to have but is not necessary. Compared with general bag, the Luxury bag is more expensive. Luxury bag are generally more than a few hundred dollars.

LPI (LP Information)' newest research report, the “Luxury Bag Industry Forecast” looks at past sales and reviews total world Luxury Bag sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Bag sales for 2023 through 2029. With Luxury Bag sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Bag industry.

This Insight Report provides a comprehensive analysis of the global Luxury Bag landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Bag portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luxury Bag market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Bag and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Bag.

The global Luxury Bag market size is projected to grow from US$ 67920 million in 2022 to US$ 117880 million in 2029; it is expected to grow at a CAGR of 117880 from 2023 to 2029.

Global Luxury Bag key players include LVMH, Gucci, Hermes, Chanel, Prada, etc. Global top five players hold a share about 75%.

Europe is the largest market, with a share about 45%, followed by North America and Japan, having a total share about 35 percent.

In terms of product, Tote Bags is the largest segment, with a share about 30%. And in terms of application, the largest application is 25-50 Aged, followed by 15-25 Aged, Older than 50, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Bag market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Tote Bags

Clutch Bags

Backpacks

Satchels and Shoulder Bags

Other

Segmentation by application

15-25 Aged

25-50 Aged

Older than 50

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Dior

LVMH

Coach

Kering

Prada

Gucci

Michael Kors

Armani

Hermes

Chanel

Richemont

Kate Spade

Burberry

Dunhill

Tory Burch

Goldlion

Key Questions Addressed in this Report

What is the 10-year outlook for the global Luxury Bag market?

What factors are driving Luxury Bag market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Luxury Bag market opportunities vary by end market size?

How does Luxury Bag break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.