Handbag Global Market Report 2026

A handbag is a fashion accessory primarily utilized by women to carry essential personal items. Available in a diverse range of sizes, patterns, and colors, handbags are typically crafted by stitching together multiple pieces of cloth or leather. They serve both functional and aesthetic purposes, complementing various styles and outfits.

The primary types of handbag products include satchels, clutches, tote bags, and bucket bags. Satchels are versatile and timeless bags that find widespread use in various contexts. They are crafted using different materials such as leather, fabric, and synthetic materials. These handbags are distributed through various channels, including online and offline platforms, catering to both the men's and women's segments.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the handbag market by increasing costs of imported leather, synthetic materials, metal fittings, and finished accessories sourced from global manufacturing hubs. Brands in North America and Europe are most affected due to reliance on imports from Asia-Pacific regions such as China and Vietnam. These tariffs are increasing retail prices and compressing margins for mid-range brands. However, they are also driving nearshoring, local craftsmanship revival, and material innovation to reduce import dependency.

The handbag market research report is one of a series of new reports from The Business Research Company that provides handbag market statistics, including handbag industry global market size, regional shares, competitors with a handbag market share, detailed handbag market segments, market trends and opportunities, and any further data you may need to thrive in the handbag industry. This handbag market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The handbag market size has grown strongly in recent years. It will grow from $67.18 billion in 2025 to $71.17 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growth of fashion retail industry, rising female workforce participation, expansion of luxury and premium accessory segments, increasing urban lifestyle adoption, growth of organized retail channels.

The handbag market size is expected to see strong growth in the next few years. It will grow to $89.6 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing focus on sustainable fashion consumption, rising adoption of digital fashion marketing, expansion of cross-border e-commerce, growing demand for affordable luxury products, increasing integration of smart features in handbags. Major trends in the forecast period include growing demand for sustainable and vegan materials, rising popularity of customizable and personalized handbags, expansion of online-first and direct-to-consumer brands, increasing focus on functional and multi-compartment designs, enhanced emphasis on fashion-led seasonal collections.

The growing female workforce is anticipated to drive the expansion of the handbag market in the coming years. The female workforce refers to the segment of the labor force comprised of women, representing those actively engaged in employment across various industries, sectors, and professions. As more women join the workforce and achieve financial independence, their purchasing power increases. This empowerment encourages women to spend on accessories such as handbags, addressing professional requirements as well as diverse social and recreational activities. For example, in February 2025, according to the UK Parliament, a UK-based government body, between October and December 2024, 16.37 million women aged 16 and above were employed in the UK, reflecting an increase of 195,000 women compared to the previous year. The female employment rate stood at 71.8%. Consequently, the rise in the female workforce is contributing to the growth of the handbag market.

Prominent companies in the handbag market are actively innovating by introducing new products, such as the stylish Tribeca handbag, to enhance their profitability. The Tribeca handbag, launched by Michael Kors LLC in January 2024, stands out as a popular and fashionable accessory. Crafted from supple, quilted leather, it offers diverse styles such as cross-body and shoulder bags. The handbag exudes sophistication with its polished push-lock fastening, combining practicality with style to accommodate personal items such as wallets, phones, and keys. This chic and luxe handbag becomes an ideal choice for everyday use, reflecting the industry's focus on meeting evolving consumer preferences.

In August 2023, Tapestry, Inc., a US-based luxury fashion holding company, completed the acquisition of Capri Holdings Ltd. for $8.5 billion. This strategic move brings together six highly complementary brands with global reach, leveraging Tapestry's data-rich customer engagement platform and diversified direct-to-consumer operating model. Capri Holdings Ltd., a US-based company, is recognized for designing exceptional and innovative products across the full spectrum of fashion luxury categories. This acquisition positions Tapestry, Inc. to strengthen its presence in the luxury fashion market and capitalize on the synergies between the combined brands.

Major companies operating in the handbag market are VIP Industries Ltd., Louis Vuitton Malletier, H and M Hennes and Mauritz GBC AB, Chanel Ltd., Hermes International S.A, Fendi, Guccio Gucci S.p.A, Coach IP Holdings LLC, Tapestry Inc., Victorias Secret and Co, Prada S.p.A, Michael Kors, Burberry, Calvin Klein Inc., ALDO Group Inc., Fossil Group Inc., Kate Spade, Zouk, Ted Baker, Loewe (LVMH), Zadig & Voltaire, BAGGIT, Tumi (Samsonite), Anya Hindmarch, Lino Perros, Da Milano Leathers Pvt. Ltd., Aranyani, MCM Worldwide, Proenza Schouler

North America was the largest region in the handbag market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handbag market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the handbag market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The handbag market consists of sales of shoulder, satchel, handheld, and sling bags Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Handbag Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses handbag market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for handbag ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The handbag market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Satchels; Clutches; Tote Bags; Bucket Bags
• 2) By Material: Leather; Fabric; Synthetic
• 3) By Distribution Channel: Online; Offline
• 4) By End User Analysis: Men Segment; Women Segment
• Subsegments:
• 1) By Satchels: Structured Satchels; Soft Satchels
• 2) By Clutches: Evening Clutches; Daytime Clutches
• 3) By Tote Bags: Large Tote Bags; Medium Tote Bags
• 4) By Bucket Bags: Small Bucket Bags; Large Bucket Bags
• Companies Mentioned: VIP Industries Ltd.; Louis Vuitton Malletier; H and M Hennes and Mauritz GBC AB; Chanel Ltd.; Hermes International S.A; Fendi; Guccio Gucci S.p.A; Coach IP Holdings LLC; Tapestry Inc.; Victorias Secret and Co; Prada S.p.A; Michael Kors; Burberry; Calvin Klein Inc.; ALDO Group Inc.; Fossil Group Inc.; Kate Spade; Zouk; Ted Baker; Loewe (LVMH); Zadig & Voltaire; BAGGIT; Tumi (Samsonite); Anya Hindmarch; Lino Perros; Da Milano Leathers Pvt. Ltd.; Aranyani; MCM Worldwide; Proenza Schouler
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.