PUBLISHER: IMARC | PRODUCT CODE: 1792396
PUBLISHER: IMARC | PRODUCT CODE: 1792396
The global satchel and saddle bags market size reached USD 416.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 575.8 Million by 2033, exhibiting a growth rate (CAGR) of 3.48% during 2025-2033.
Satchels and saddle bags are a type of cloth gear worn over one shoulder with a strap that goes across the chest and a bag which rests on the lower back. They are a highly desirable fashion accessory for both the genders and are available in a variety of sizes, patterns and colors. Nowadays, gender-specific bags for men and women are also finding immense acceptance among consumers of all age groups.
A thriving fashion accessories industry along with increasing working population across the globe is one of the key factors driving the market growth. Furthermore, a substantial rise in the female workforce participation in both developed and emerging economies has also positively impacted the market. Moreover, consumers are now more inclined to spend on premium and luxury handbags or any other accessories to keep up with the ever-changing fashion trends. Apart from this, these bags are gaining rapid preference among consumers for carrying multiple essential items such as laptops, tablets, wallets and food to their workplace. Moreover, product innovations, such as the launch of creative and visually appealing designs along with eco-friendly bags, are also creating a positive outlook for the market. Other factors contributing significantly to the market growth include rapid urbanization and aggressive promotional activities by manufacturers and the development of the online retail services that provide hassle-free shopping experience while displaying a wide range of options to choose from to the consumers.
The report has also analysed the competitive landscape of the market with some of the key players being Coach, IP Holdings LLC, Chanel, Inc., Burberry Group Plc, Nicole Lee Estore, Etienne Aigner AG, Furla S.p.A., Kate Spade Holdings LLC, Hermes International Company, Michael Kors Holdings Limited, LVMH Moet Hennessy - Louis Vuitton SE and Mulberry Group Plc.
IMARC Group's latest report provides a deep insight into the global satchel and saddle bags market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the satchel and saddle bags market in any manner.