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PUBLISHER: Grand View Research | PRODUCT CODE: 1751600
PUBLISHER: Grand View Research | PRODUCT CODE: 1751600
Handbag Market Size, Share & Trends Analysis Report By Product (Tote Bag, Clutch, Satchel), By Distribution Channel (Online, Offline), By Material (Leather, Fabric), By Region, And Segment Forecasts, 2025 - 2030
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Handbag Market Growth & Trends:
The global handbag market is anticipated to reach USD 81.79 billion by 2030 and expand at a CAGR of 6.5% during the forecast period, according to a new report by Grand View Research, Inc. Rising disposable income allows consumers to invest in high-quality and designer handbags, elevating market demand. With improved purchasing power, individuals are drawn to premium brands and limited-edition collections. In addition, diverse product innovations, including customizable, eco-friendly, and multifunctional designs, caters to varying preferences and lifestyles. This variety enhances consumer engagement, encouraging frequent purchases and experimentation. The combination of financial capability and creative offerings positions this market for sustained growth and a broad customer base.
Urbanization fosters demand for handbags that blend practicality with style, suiting busy metropolitan lifestyles. Improved retail accessibility in urban hubs allows consumers to explore diverse options, while online platforms enhance convenience. E-commerce enables customers to browse vast collections, compare prices, and enjoy doorstep delivery, attracting a tech-savvy audience. This dual-channel presence bridges traditional and modern shopping preferences, driving sales of handbags and widening the market's geographical reach, particularly in urbanized regions.
With increasing exposure to global trends, fashion-conscious consumers seek handbags as an essential style statement. Handbags are no longer mere accessories. They symbolize status and identity, fueling their appeal. Moreover, the rise in gifting culture has positioned handbags as ideal presents for diverse occasions. The blend of style and utility makes them a preferred choice for both personal use and gifts. The evolving consumer behavior significantly contributes to the expanding handbag market.
Handbag Market Report Highlights:
- Based on product, the tote bag segment led the market with the largest share of 41.1% in 2024, attributed toits versatility, spacious design, and growing popularity among consumers.
- The satchel segment is set to be the fastest-growing segment from 2025 to 2030, driven byits ideal combination of style and practicality.
- Based on the distribution channel, the offline segment accounted for the largest revenue share in 2024 due toits personalized shopping experience and tangible product evaluation.
- The fabric segment is projected to grow at significant rate over the forecast period, propelled byits versatility, eco-friendliness, and lightweight appeal.
- North America dominated the global market with the largest share of 31.0% in 2024, owing tohigh disposable income, strong fashion awareness, and widespread brand loyalty.
- Asia Pacific is anticipated to be the fastest-growing region during the forecast period due to the surge in urbanization and growing preference for luxury and premium brands in the region.
Product Code: GVR-2-68038-927-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Handbag Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Handbag Market: Product Estimates & Trend Analysis
- 5.1. Handbag Market, By Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 5.3.1. Tote Bag
- 5.3.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.2. Clutch
- 5.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.3. Satchel
- 5.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.4. Others
- 5.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.3.1. Tote Bag
Chapter 6. Handbag Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Handbag Market, By Distribution Channel: Key Takeaways
- 6.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
- 6.3. Market Estimates & Forecasts, By Distribution Channel, 2018 - 2030 (USD Million)
- 6.3.1. Online
- 6.3.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.2. Offline
- 6.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.1. Online
Chapter 7. Handbag Market: Material Estimates & Trend Analysis
- 7.1. Handbag Market, By Material: Key Takeaways
- 7.2. Material Movement Analysis & Market Share, 2024 & 2030
- 7.3. Market Estimates & Forecasts, By Material, 2018 - 2030 (USD Million)
- 7.3.1. Leather
- 7.3.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.3.2. Fabric
- 7.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.3.3. Others
- 7.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 7.3.1. Leather
Chapter 8. Handbag Market: Regional Estimates & Trend Analysis
- 8.1. Handbag Market: Regional Outlook
- 8.2. Regional Marketplaces: Key Takeaways
- 8.3. Market Estimates & Forecasts, By Region, 2018 - 2030 (USD Million)
- 8.3.1. North America
- 8.3.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.1.2. U.S.
- 8.3.1.2.1. Key Country Dynamics
- 8.3.1.2.2. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.2. Europe
- 8.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.2.2. Germany
- 8.3.2.2.1. Key Country Dynamics
- 8.3.2.2.2. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.2.3. U.K.
- 8.3.2.3.1. Key Country Dynamics
- 8.3.2.3.2. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.3. Asia Pacific
- 8.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.3.2. China
- 8.3.3.2.1. Key Country Dynamics
- 8.3.3.2.2. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.3.3. India
- 8.3.3.3.1. Key Country Dynamics
- 8.3.3.3.2. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.4. Latin America
- 8.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.4.2. Brazil
- 8.3.4.2.1. Key Country Dynamics
- 8.3.4.2.2. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.5. Middle East & Africa
- 8.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.5.2. South Africa
- 8.3.5.2.1. Key Country Dynamics
- 8.3.5.2.2. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.3.1. North America
Chapter 9. Handbag Market: Competitive Analysis
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2024 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. Company Profiles
- 9.9.1. Louis Vuitton
- 9.9.1.1. Company Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Portfolios
- 9.9.1.4. Strategic Initiatives
- 9.9.2. Hermes
- 9.9.2.1. Company Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Portfolios
- 9.9.2.4. Strategic Initiatives
- 9.9.3. Michael Kors
- 9.9.3.1. Company Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Portfolios
- 9.9.3.4. Strategic Initiatives
- 9.9.4. Fossil Group
- 9.9.4.1. Company Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Portfolios
- 9.9.4.4. Strategic Initiatives
- 9.9.5. Guccio Gucci S.p.A.
- 9.9.5.1. Company Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Portfolios
- 9.9.5.4. Strategic Initiatives
- 9.9.6. PRADA
- 9.9.6.1. Company Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Portfolios
- 9.9.6.4. Strategic Initiatives
- 9.9.7. Burberry Group Plc
- 9.9.7.1. Company Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Portfolios
- 9.9.7.4. Strategic Initiatives
- 9.9.8. Tapestry, Inc.
- 9.9.8.1. Company Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Portfolios
- 9.9.8.4. Strategic Initiatives
- 9.9.9. Chanel
- 9.9.9.1. Company Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Portfolios
- 9.9.9.4. Strategic Initiatives
- 9.9.10. Compagnie Financiere Richemont SA
- 9.9.10.1. Company Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Portfolios
- 9.9.10.4. Strategic Initiatives
- 9.9.1. Louis Vuitton
Product Code: GVR-2-68038-927-2
List of Tables
- Table 1 Global Handbag Market: Key Market Driver Analysis
- Table 2 Global Handbag Market: Key Market Restraint Analysis
- Table 3 Global Handbag Market Estimates & Forecast, By Product (USD Million)
- Table 4 Global Handbag Market Estimates & Forecast, By Distribution Channel (USD Million)
- Table 5 Global Handbag Market Estimates & Forecast, By Material (USD Million)
- Table 6 Global Handbag Market Estimates & Forecast, By Region (USD Million)
- Table 7 North America Handbag Market Estimates and Forecast, By Country, 2018 - 2030 (USD Million)
- Table 8 North America Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 9 North America Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 10 North America Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 11 U.S. Macro-Economic Outlay
- Table 12 U.S. Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 13 U.S. Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 14 U.S. Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 15 Europe Handbag Market Estimates and Forecast, By Country, 2018 - 2030 (USD Million)
- Table 16 Europe Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 17 Europe Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 18 Europe Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 19 Germany Macro-Economic Outlay
- Table 20 Germany Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 21 Germany Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 22 Germany Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 23 U.K Macro-Economic Outlay
- Table 24 U.K Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 25 U.K Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 26 U.K Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 27 Asia Pacific Handbag Market Estimates and Forecast, By Country, 2018 - 2030 (USD Million)
- Table 28 Asia Pacific Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 29 Asia Pacific Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 30 Asia Pacific Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 31 China Macro-Economic Outlay
- Table 32 China Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 33 China Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 34 China Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 35 India Macro-Economic Outlay
- Table 36 India Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 37 India Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 38 India Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 39 Latin America Handbag Market Estimates and Forecast, By Country, 2018 - 2030 (USD Million)
- Table 40 Latin America Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 41 Latin America Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 42 Latin America Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 43 Brazil Macro-Economic Outlay
- Table 44 Brazil Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 45 Brazil Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 46 Brazil Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 47 Middle East & Africa Handbag Market Estimates and Forecast, By Country, 2018 - 2030 (USD Million)
- Table 48 Middle East & Africa Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 49 Middle East & Africa Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 50 Middle East & Africa Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 51 South Africa Macro-Economic Outlay
- Table 52 South Africa Handbag Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 53 South Africa Handbag Market Estimates and Forecast, By Distribution Channel, 2018 - 2030 (USD Million)
- Table 54 South Africa Handbag Market Estimates and Forecast, By Material, 2018 - 2030 (USD Million)
- Table 55 Recent Developments & Impact Analysis, By Key Market Participants
- Table 56 Company Market Share, 2024 (%)
- Table 57 Company Heat Map Analysis, 2024
- Table 58 Companies Implementing Key Strategies
List of Figures
- Fig. 1 Handbag Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Primary Research Pattern
- Fig. 4 Primary Research Approaches
- Fig. 5 Primary Research Process
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Regional Snapshot
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Global Handbag Size (USD Million)
- Fig. 11 Global Handbag Size, 2018 to 2030 (USD Million)
- Fig. 12 Handbag Market: Penetration & Growth Prospect Mapping
- Fig. 13 Handbag Market: Value Chain Analysis
- Fig. 14 Handbag Market: Dynamics
- Fig. 15 Handbag Market: Porter's Five Forces Analysis
- Fig. 16 Handbag Market Estimates & Forecast, By Product (USD Million)
- Fig. 17 Tote Bag Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Clutch Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Satchel Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Handbag Market Estimates & Forecast, By Distribution Channel (USD Million)
- Fig. 22 Handbag Market Estimates & Forecasts, Through Online, 2018 - 2030 (USD Million)
- Fig. 23 Handbag Market Estimates & Forecasts, Through Offline, 2018 - 2030 (USD Million)
- Fig. 24 Handbag Market Estimates & Forecast, By Material (USD Million)
- Fig. 25 Leather Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Fabric Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Handbag Market: Regional Outlook, 2024 & 2030, (USD Million)
- Fig. 29 Regional Marketplace: Key takeaways
- Fig. 30 North America Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 31 US Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 32 Europe Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 33 Germany Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 34 UK Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 35 Asia Pacific Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 36 China Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 37 India Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 38 Latin America Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 39 Brazil Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 40 Middle East & Africa Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 41 South Africa Handbag Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 42 Key Company Categorization
- Fig. 43 Company Market Share Analysis, 2024
- Fig. 44 Strategic Framework of Handbag
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