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Handbag Market Size, Share & Trends Analysis Report By Raw Material (Leather, Fabric), By Product (Tote Bag, Clutch), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 139 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899627
Description Jump to:
The global handbag market size is estimated to reach USD 124.10 billion by 2030. The market is anticipated to grow at a CAGR of 6.8% from 2023 to 2030. The market is primarily driven by a combination of factors that cater to both functional and fashion-conscious consumers. First and foremost, fashion trends and brand influence play a significant role. Consumers are constantly seeking the latest styles and designs, often influenced by celebrities and social media influencers who showcase popular handbag brands. In addition, the desire for quality and craftsmanship continues to fuel the market, with consumers willing to invest in premium and luxury handbags known for their durability and timeless appeal.

There has been a remarkable surge in the global workforce's female representation. Women have become indispensable in a wide array of industries, assuming various roles that span from corporate leadership positions to entrepreneurial ventures. This heightened involvement of women in the workforce has sparked a growing demand for accessories tailored to meet the specific needs of working women. Handbags, once considered mere accessories, have undergone a significant transformation, evolving into indispensable tools designed to cater to the multifaceted requirements of today's modern professional life.

Functionality also plays a crucial role, as handbags serve as essential accessories for daily life. With busy lifestyles, consumers seek bags that offer convenience and versatility. This has led to a growing demand for various types of handbags, including tote bags, clutches, and satchels, each tailored to specific needs. E-commerce has also revolutionized the handbag industry, making it more accessible to a global audience. Online shopping offers a wide range of choices, competitive prices, and the convenience of doorstep delivery, further boosting the market's growth.

In response to evolving lifestyles and consumer preferences, there is an escalating demand for lightweight handbags that seamlessly merge functionality with style. Modern consumers seek bags that are easily portable, versatile, and suitable for a variety of occasions. As an increasing number of individuals lead active and mobile lives, lightweight handbags are tailored to meet their needs. Whether it is a crossbody bag for daily commuting or a compact duffel bag for outdoor pursuits, the trend toward lighter options resonates with consumer preferences for convenience.

Handbag Market Report Highlights

  • Based on raw material, the leather handbag segment held the largest market share of 56.27% in 2022. Growing consumer preference for luxury goods and accessories is a major factor driving the demand for leather handbags. Leather is the primary raw material for luxury handbags and accessories. Rising consumer spending on luxury items in developed and developing economies can be attributed to the rise in working women, who are increasingly willing to invest in leather handbags to create a versatile wardrobe collection
  • Based on product, the satchel bag segment is projected to grow at the fastest CAGR of 8.1% over the forecast period. Satchel bags are a versatile type of handbag that can be used for a variety of occasions, from work to school to casual outings. This makes them a popular choice for many consumers
  • In terms of distribution channel, the online distribution channel segment is projected to grow at the fastest CAGR of 8.6% over the forecast period owing to the rising popularity of e-commerce and social media channels. Younger consumers increasingly prefer online shopping owing to the digitalization of services
  • Based on region, the North America region is expected to grow at a CAGR of 5.4% from 2023 to 2030. The growing influence of the fashion industry over a wider population and increased discretionary spending are expected to fuel the demand for handbags in the region

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. Internal Database
1.3.3. Secondary Products & 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 Outlook
2.2. Product Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
Chapter 3. Handbag Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis
3.5. Porter’s Five Forces Analysis
3.6. 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. Key Observations & Findings
Chapter 5. Handbag Market: Raw Material Estimates & Trend Analysis
5.1. Raw Material Movement Analysis & Market Share, 2022 & 2030
5.2. Leather
5.2.1. Leather market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Fabric
5.3.1. Fabric market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Others
5.4.1. Others market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Handbag Market: Product Range Estimates & Trend Analysis
6.1. Product Movement Analysis & Market Share, 2022 & 2030
6.2. Tote Bag
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Clutch
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4. Satchel
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5. Others
6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Handbag Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
7.2. Online
7.2.1. Online market estimates and forecast, 2017 - 2030 (USD Million)
7.3. Offline
7.3.1. Offline market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Handbag Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2022 & 2030
8.2. North America
8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.2.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.2.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.5.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.2.5.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.2.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.2.6. Canada
8.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.6.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.2.6.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.2.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.2.7. Mexico
8.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.7.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.2.7.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.2.7.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.1.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.3.1.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.3.1.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.2.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.3.2.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.3.2.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.3.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.3.3.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.3.3.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.4. France
8.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.4.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.3.4.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.3.4.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.5. Spain
8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.5.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.3.5.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.3.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.6. Italy
8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.6.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.3.6.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.3.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.4.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.4.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4.5. China
8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.5.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.4.5.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.4.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4.6. Japan
8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.6.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.4.6.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.4.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4.7. India
8.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.7.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.4.7.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.4.7.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4.8. Australia
8.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.8.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.4.8.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.4.8.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4.9. South Korea
8.4.9.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.9.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.4.9.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.4.9.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.5.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.5.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.5.5. Brazil
8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.5.5.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.5.5.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.5.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.6.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.6.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.6.5. South Africa
8.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.6.5.2. Market estimates and forecast, By Raw Material, 2017 - 2030 (USD Million)
8.6.5.3. Market estimates and forecast, By Product, 2017 - 2030 (USD Million)
8.6.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
Chapter 9. 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, 2022 (%)
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
9.9. List of key companies analyzed in this section includes:
9.9.1. Louis Vuitton
9.9.2. Hermès International S.A.
9.9.3. Michael Kors
9.9.4. Fossil Group, Inc.
9.9.5. Guccio Gucci S.p.A.
9.9.6. Prada S.p.A.
9.9.7. Burberry Group Plc
9.9.8. Tapestry, Inc.
9.9.9. Chanel
9.9.10. Compagnie Financière Richemont SA
List of Tables
Table 1 Handbag market-Driving factor market analysis
Table 2 Handbag market-Restraint factor market analysis
Table 3 Handbag market estimates & forecast, by Raw Material (USD Million)
Table 4 Handbag market estimates & forecast, by Product (USD Million)
Table 5 Handbag market estimates & forecast, by Distribution Channel (USD Million)
Table 6 U.S. macro-economic outlay
Table 7 Canada macro-economic outlay
Table 8 Mexico macro-economic outlay
Table 9 UK macro-economic outlay
Table 10 Germany macro-economic outlay
Table 11 France macro-economic outlay
Table 12 Italy macro-economic outlay
Table 13 Spain macro-economic outlay
Table 14 Japan macro-economic outlay
Table 15 India macro-economic outlay
Table 16 China macro-economic outlay
Table 17 Australia macro-economic outlay
Table 18 South Korea macro-economic outlay
Table 19 Brazil macro-economic outlay
Table 20 South Africa macro-economic outlay
Table 21 Recent developments & impact analysis, by key market participants
Table 22 Company market share, 2022 (value % Share)
Table 23 Company Heat Map Analysis
Table 24 Companies undergoing product launches
Table 25 Companies undergoing collaborations and partnerships
Table 26 Companies undergoing other strategies
Table 27 North America supreme handbag market share analysis, 2022
Table 28 North America aspirational handbag market share analysis, 2022
Table 29 North America accessible luxury handbag market share analysis, 2022
Table 30 North America premium handbag market share analysis, 2022
Table 31 North America mass handbag market share analysis, 2022
Table 32 Europe supreme handbag market share analysis, 2022
Table 33 Europe aspirational handbag market share analysis, 2022
Table 34 Europe accessible luxury handbag market share analysis, 2022
Table 35 Europe premium handbag market share analysis, 2022
Table 36 Europe mass handbag market share analysis, 2022
Table 37 Asia Pacific supreme handbag market share analysis, 2022
Table 38 Asia Pacific aspirational handbag market share analysis, 2022
Table 39 Asia Pacific accessible luxury handbag market share analysis, 2022
Table 40 Asia Pacific premium handbag market share analysis, 2022
Table 41 Asia Pacific mass handbag market share analysis, 2022
Table 42 Central & South America supreme handbag market share analysis, 2022
Table 43 Central & South America aspirational handbag market share analysis, 2022
Table 44 Central & South America accessible luxury handbag market share analysis, 2022
Table 45 Central & South America premium handbag market share analysis, 2022
Table 46 Central & South America mass handbag market share analysis, 2022
Table 47 Middle East & Africa supreme handbag market share analysis, 2022
Table 48 Middle East & Africa aspirational handbag market share analysis, 2022
Table 49 Middle East & Africa accessible luxury handbag market share analysis, 2022
Table 50 Middle East & Africa premium handbag market share analysis, 2022
Table 51 Middle East & Africa mass handbag market share analysis, 2022
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 Competitive Landscape Snapshot
Fig. 9 Bags and Luggage market size, 2022 (USD Billion)
Fig. 10 Handbag market size, 2017 to 2030 (USD Billion)
Fig. 11 Handbag market: Value chain analysis
Fig. 12 Handbag market: Profit-margin analysis
Fig. 13 Handbag market: Dynamics
Fig. 14 Handbag market: Porter’s five forces analysis
Fig. 15 Purchasing of luxury bags or wallets, by age group, 2023 (%)
Fig. 16 Factors affecting buying decisions for the handbag market
Fig. 17 Handbag market, By Raw Material: Key takeaways
Fig. 18 Handbag market, By Raw Material: Market share, 2022 & 2030
Fig. 19 Leather handbag market estimates & forecasts, 2017-2030 (USD Million)
Fig. 20 Fabric handbag market estimates & forecasts, 2017-2030 (USD Million)
Fig. 21 Other handbag market estimates & forecasts, 2017-2030 (USD Million)
Fig. 22 Handbag market, By Product: Key takeaways
Fig. 23 Handbag market, By Product: Market share, 2022 & 2030
Fig. 24 Tote Bag market estimates & forecasts, 2017-2030 (USD Million)
Fig. 25 Clutch handbag market estimates & forecasts, 2017-2030 (USD Million)
Fig. 26 Satchel handbag market estimates & forecasts, 2017-2030 (USD Million)
Fig. 27 Other handbag market estimates & forecasts, 2017-2030 (USD Million)
Fig. 28 Handbag market, by Distribution Channel: Key takeaways
Fig. 29 Handbag market, by Distribution Channel: Market share, 2022 & 2030
Fig. 30 Handbag market estimates & forecasts, through online channel, 2017-2030 (USD Million)
Fig. 31 Handbag market estimates & forecasts, through the offline channel, 2017-2030 (USD Million)
Fig. 32 Handbag market revenue, by region, 2022 & 2030 (USD Million)
Fig. 33 Regional marketplace: Key takeaways
Fig. 34 Regional marketplace: Key takeaways
Fig. 35 North America handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 36 U.S. handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 37 Canada handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 38 Mexico handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 39 Europe handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 40 UK handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 41 Germany handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 42 France handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 43 Italy handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 44 Spain handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 45 Asia Pacific handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 46 Japan handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 47 India handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 48 China handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 49 Australia handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 50 South Korea handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 51 Central & South America handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 52 Brazil handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 53 Middle East & Africa handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 54 South Africa handbag market estimates & forecast, 2017-2030 (USD Million)
Fig. 55 Key company categorization
Fig. 56 Company market share analysis, 2022
Fig. 57 Strategic framework
Fig. 58 North America supreme handbag market share analysis, 2022
Fig. 59 North America aspirational handbag market share analysis, 2022
Fig. 60 North America accessible luxury handbag market share analysis, 2022
Fig. 61 North America premium handbag market share analysis, 2022
Fig. 62 North America mass handbag market share analysis, 2022
Fig. 63 Europe supreme handbag market share analysis, 2022
Fig. 64 Europe aspirational handbag market share analysis, 2022
Fig. 65 Europe accessible luxury handbag market share analysis, 2022
Fig. 66 Europe premium handbag market share analysis, 2022
Fig. 67 Europe mass handbag market share analysis, 2022
Fig. 68 Asia Pacific supreme handbag market share analysis, 2022
Fig. 69 Asia Pacific aspirational handbag market share analysis, 2022
Fig. 70 Asia Pacific accessible luxury handbag market share analysis, 2022
Fig. 71 Asia Pacific premium handbag market share analysis, 2022
Fig. 72 Asia Pacific mass handbag market share analysis, 2022
Fig. 73 Central & South America supreme handbag market share analysis, 2022
Fig. 74 Central & South America aspirational handbag market share analysis, 2022
Fig. 75 Central & South America accessible luxury handbag market share analysis, 2022
Fig. 76 Central & South America premium handbag market share analysis, 2022
Fig. 77 Central & South America mass handbag market share analysis, 2022
Fig. 78 Middle East & Africa supreme handbag market share analysis, 2022
Fig. 79 Middle East & Africa aspirational handbag market share analysis, 2022
Fig. 80 Middle East & Africa accessible luxury handbag market share analysis, 2022
Fig. 81 Middle East & Africa premium handbag market share analysis, 2022
Fig. 82 Middle East & Africa mass handbag market share analysis, 2022

Companies Mentioned

  • Louis Vuitton
  • Hermès International S.A.
  • Michael Kors
  • Fossil Group, Inc.
  • Guccio Gucci S.p.A.
  • Prada S.p.A.
  • Burberry Group Plc
  • Tapestry, Inc.
  • Chanel
  • Compagnie Financière Richemont SA

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 73.32 Billion
Forecasted Market Value ( USD ) by 2030 $ 124.1 Billion
Compound Annual Growth Rate6.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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