Handbag Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Handbag Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Handbag Market Size (2025E): US$ 67.9 Bn
Projected Market Value (2032F): US$ 114.9 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 7.8%

Handbag Market - Report Scope:

The global handbag market includes a wide variety of bag types designed for both functional and fashion purposes, ranging from tote bags and satchels to wallets and wristlets. This market is driven by evolving consumer lifestyles, rising disposable income, and the growing influence of fashion trends across all demographics. Increasing brand consciousness and expanding retail infrastructure-both online and offline-are significantly contributing to the market's momentum. The demand for luxury handbags is especially growing, with brands continuously innovating in design, sustainability, and personalization.

Market Growth Drivers:

The global handbag market is experiencing strong growth due to several key drivers. Increasing urbanization and rising disposable income have led to a surge in consumer spending on fashion accessories, particularly handbags. The influence of social media and celebrity endorsements is driving higher interest in branded and designer handbags, while growing e-commerce penetration is making these products more accessible across various price points. Additionally, a growing preference for premium products and the desire for individuality and self-expression are encouraging consumers to invest in stylish and high-quality handbags.

Market Restraints:

Despite its growth trajectory, the handbag market faces certain challenges. The high cost of premium and luxury handbags can deter price-sensitive consumers, particularly in emerging economies. Counterfeit products remain a significant issue, affecting both brand reputation and customer trust. Moreover, fluctuating raw material costs-especially leather and textiles-can impact production costs and pricing strategies. Economic slowdowns and shifting fashion trends can also influence consumer purchasing behavior, creating unpredictable demand cycles.

Market Opportunities:

There are several promising opportunities within the handbag market. Brands focusing on sustainability-such as using eco-friendly materials or adopting ethical labor practices-are gaining favor among environmentally conscious consumers. Customization and personalization services are also emerging as lucrative offerings, enhancing consumer engagement and brand loyalty. Expansion into underpenetrated regions such as Latin America, parts of Asia, and Africa presents immense growth potential due to rising middle-class populations and improved retail infrastructure. Technological innovations like smart handbags and augmented reality (AR) shopping experiences are also opening new avenues for market differentiation.

Key Questions Answered in the Report:

What are the primary factors driving the global handbag market's growth?
Which product types and regions are contributing most to market expansion?
How are luxury and sustainability trends shaping consumer preferences?
Who are the key players in the handbag market, and what strategies are they adopting?
What are the emerging trends and future projections for the global handbag industry?

Competitive Intelligence and Business Strategy:

Leading companies in the global handbag market, such as Michael Kors, FOSSIL GROUP, INC., Tapestry, Inc., Louis Vuitton Malletier SAS, and PRADA, are focusing on product innovation, premium branding, and expanding their digital presence. Sustainability initiatives, such as circular fashion and responsible sourcing, are becoming central to their brand strategies. These companies are also strengthening global supply chains and investing in immersive retail technologies to enhance the consumer shopping experience. Collaborations with influencers and limited-edition launches are among the tactics used to drive brand desirability and exclusivity.

Companies Covered in This Report:

Michael Kors
FOSSIL GROUP, INC.
Tapestry, Inc.
Louis Vuitton Malletier SAS
PRADA
Hermes
Burberry Group Plc
Guccio Gucci S.p.A
Stefano Serapian Srl
ALDO

Market Segmentation:

By Product Type:

Tote Bags
Satchels
Clutches
Hobo Bags
Sling Bags
Wallets and Wristlets
Others

By Material:

Leather
Fabric
Canvas
Denim
Polyurethane (PU)
Nylon
Jute
Others

By Price Range:

Luxury
Mid-range
Low-range

By Distribution Channel:

Online Retail
Offline Retail

By Region:

North America
Europe
East Asia
South Asia and Oceania
Middle East and Africa
Latin America

Product Code: PMRREP35369

1. Executive Summary

1.1. Global Handbag Market Snapshot 2025-2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply Side Analysis
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global GDP Overview
- 2.3.3. Global Trade Policies and Tariffs Overview
2.4. Forecast Factors - Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape

3. Market Dynamics

3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends

4. Price Trend Analysis, 2019-2032

4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors

5. Global Handbag Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

5.1. Key Highlights
5.2. Global Handbag Market Outlook: Product Type
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Product Type, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
  - 5.2.3.1. Tote Bag
  - 5.2.3.2. Satchels
  - 5.2.3.3. Cluthes
  - 5.2.3.4. Hobo Bags
  - 5.2.3.5. Sling Bags
  - 5.2.3.6. Wallets and Wristlets
  - 5.2.3.7. Others
- 5.2.4. Market Attractiveness Analysis: Product Type
5.3. Global Handbag Market Outlook: Material
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Material, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2025-2032
  - 5.3.3.1. Leather
  - 5.3.3.2. Fabric
  - 5.3.3.3. Canvas
  - 5.3.3.4. Denim
  - 5.3.3.5. Polyurethane (PU)
  - 5.3.3.6. Nylon
  - 5.3.3.7. Jute
  - 5.3.3.8. Others
- 5.3.4. Market Attractiveness Analysis: Material
5.4. Global Handbag Market Outlook: Price Range
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Price Range, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Price Range, 2025-2032
  - 5.4.3.1. Luxury
  - 5.4.3.2. Mid-range
  - 5.4.3.3. low-range
- 5.4.4. Market Attractiveness Analysis: Price Range
5.5. Global Handbag Market Outlook: Distribution Channel
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Distribution Channel, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Distribution Channel, 2025-2032
  - 5.5.3.1. Online Retail
  - 5.5.3.2. Offline Retail
- 5.5.4. Market Attractiveness Analysis: Distribution Channel

6. Global Handbag Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Handbag Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 7.4.1. Tote Bag
- 7.4.2. Satchels
- 7.4.3. Cluthes
- 7.4.4. Hobo Bags
- 7.4.5. Sling Bags
- 7.4.6. Wallets and Wristlets
- 7.4.7. Others
7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2025-2032
- 7.5.1. Leather
- 7.5.2. Fabric
- 7.5.3. Canvas
- 7.5.4. Denim
- 7.5.5. Polyurethane (PU)
- 7.5.6. Nylon
- 7.5.7. Jute
- 7.5.8. Others
7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Price Range, 2025-2032
- 7.6.1. Luxury
- 7.6.2. Mid-range
- 7.6.3. low-range
7.7. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Distribution Channel, 2025-2032
- 7.7.1. Online Retail
- 7.7.2. Offline Retail

8. Europe Handbag Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 8.4.1. Tote Bag
- 8.4.2. Satchels
- 8.4.3. Cluthes
- 8.4.4. Hobo Bags
- 8.4.5. Sling Bags
- 8.4.6. Wallets and Wristlets
- 8.4.7. Others
8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2025-2032
- 8.5.1. Leather
- 8.5.2. Fabric
- 8.5.3. Canvas
- 8.5.4. Denim
- 8.5.5. Polyurethane (PU)
- 8.5.6. Nylon
- 8.5.7. Jute
- 8.5.8. Others
8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Price Range, 2025-2032
- 8.6.1. Luxury
- 8.6.2. Mid-range
- 8.6.3. low-range
8.7. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Distribution Channel, 2025-2032
- 8.7.1. Online Retail
- 8.7.2. Offline Retail

9. East Asia Handbag Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 9.4.1. Tote Bag
- 9.4.2. Satchels
- 9.4.3. Cluthes
- 9.4.4. Hobo Bags
- 9.4.5. Sling Bags
- 9.4.6. Wallets and Wristlets
- 9.4.7. Others
9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2025-2032
- 9.5.1. Leather
- 9.5.2. Fabric
- 9.5.3. Canvas
- 9.5.4. Denim
- 9.5.5. Polyurethane (PU)
- 9.5.6. Nylon
- 9.5.7. Jute
- 9.5.8. Others
9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Price Range, 2025-2032
- 9.6.1. Luxury
- 9.6.2. Mid-range
- 9.6.3. low-range
9.7. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Distribution Channel, 2025-2032
- 9.7.1. Online Retail
- 9.7.2. Offline Retail

10. South Asia & Oceania Handbag Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 10.4.1. Tote Bag
- 10.4.2. Satchels
- 10.4.3. Cluthes
- 10.4.4. Hobo Bags
- 10.4.5. Sling Bags
- 10.4.6. Wallets and Wristlets
- 10.4.7. Others
10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2025-2032
- 10.5.1. Leather
- 10.5.2. Fabric
- 10.5.3. Canvas
- 10.5.4. Denim
- 10.5.5. Polyurethane (PU)
- 10.5.6. Nylon
- 10.5.7. Jute
- 10.5.8. Others
10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Price Range, 2025-2032
- 10.6.1. Luxury
- 10.6.2. Mid-range
- 10.6.3. low-range
10.7. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Distribution Channel, 2025-2032
- 10.7.1. Online Retail
- 10.7.2. Offline Retail

11. Latin America Handbag Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 11.4.1. Tote Bag
- 11.4.2. Satchels
- 11.4.3. Cluthes
- 11.4.4. Hobo Bags
- 11.4.5. Sling Bags
- 11.4.6. Wallets and Wristlets
- 11.4.7. Others
11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2025-2032
- 11.5.1. Leather
- 11.5.2. Fabric
- 11.5.3. Canvas
- 11.5.4. Denim
- 11.5.5. Polyurethane (PU)
- 11.5.6. Nylon
- 11.5.7. Jute
- 11.5.8. Others
11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Price Range, 2025-2032
- 11.6.1. Luxury
- 11.6.2. Mid-range
- 11.6.3. low-range
11.7. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Distribution Channel, 2025-2032
- 11.7.1. Online Retail
- 11.7.2. Offline Retail

12. Middle East & Africa Handbag Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 12.4.1. Tote Bag
- 12.4.2. Satchels
- 12.4.3. Cluthes
- 12.4.4. Hobo Bags
- 12.4.5. Sling Bags
- 12.4.6. Wallets and Wristlets
- 12.4.7. Others
12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2025-2032
- 12.5.1. Leather
- 12.5.2. Fabric
- 12.5.3. Canvas
- 12.5.4. Denim
- 12.5.5. Polyurethane (PU)
- 12.5.6. Nylon
- 12.5.7. Jute
- 12.5.8. Others
12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Price Range, 2025-2032
- 12.6.1. Luxury
- 12.6.2. Mid-range
- 12.6.3. low-range
12.7. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Distribution Channel, 2025-2032
- 12.7.1. Online Retail
- 12.7.2. Offline Retail

13. Competition Landscape

13.1. Market Share Analysis, 2025
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles
- 13.3.1. Michael Kors
  - 13.3.1.1. Company Overview
  - 13.3.1.2. Product Portfolio/Offerings
  - 13.3.1.3. Key Financials
  - 13.3.1.4. SWOT Analysis
  - 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. FOSSIL GROUP, INC.
- 13.3.3. Tapestry, Inc.
- 13.3.4. Louis Vuitton Malletier SAS
- 13.3.5. PRADA
- 13.3.6. Hermes
- 13.3.7. Burberry Group Plc
- 13.3.8. Guccio Gucci S.p.A
- 13.3.9. Stefano Serapian Srl
- 13.3.10. ALDO

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

Handbag Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032