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Handbag Market Size, Share & Trends Analysis Report by Raw Material (Leather, Fabric), by Product (Tote Bag, Satchel), by Distribution Channel (Online, Offline), by Region (EU, APAC, North America), and Segment Forecasts, 2022-2030

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    Report

  • 95 Pages
  • June 2022
  • Region: Global
  • Grand View Research
  • ID: 5626318
The global handbag market size is expected to reach USD 81.79 billion by 2030, registering a CAGR of 5.8% over the forecast period. The market is primarily driven by the rapid urbanization and growing fashion accessory industry. Furthermore, the demand for handbags has been boosted by a rise in the female workforce in both developed and developing countries. The accessibility, visibility, and desirability of various handbags have boosted their widespread recognition and strong performance. Made from various materials like mesh, leather, nylon, straw, canvas, vegan leather, and jute, handbags are used by everyone for various purposes in their day-to-day life.



For instance, people usually prefer canvas handbags for shopping; people working in the corporate sector usually prefer leather bags, whereas, for parties or a night out, women tend to opt for clutches or wristlet handbags. Tote bags are multi-utility bags that can be used for various purposes. The size and material of tote bags make them popular among consumers. Tote bags are bigger as compared to other handbags. Growing concerns over sustainability are driving the demand for tote bags. In 2021, Anya Hindmarch, a fashion designer based in England, collaborated with Sainsbury’s and Waitrose supermarket chains in the U.K. to reuse shopping bags to tackle sustainability challenges. In addition, in 2020, several Disney stores stopped using single-use plastics and started offering tote bags to consumers for their purchases.

The online segment is expected to grow at the fastest CAGR during the forecast period. The online segment is anticipated to exhibit a decent growth rate owing to the rising popularity of e-commerce and social media channels. Younger consumers are increasingly preferring online shopping owing to the digitalization of services. Companies operating in the market are constantly improving customer databases and digital stores to cater to a larger set of consumers. The market is highly competitive and dominated by large-scale multinational manufacturing companies. The players face intense competition, especially from the top players in the market, as they have a large consumer base, strong brand recognition, and vast distribution networks.

Handbag Market Report Highlights

  • The North America region led the market in 2021 and is projected to register a steady CAGR over the forecast period.
  • Clearance sales and Black Friday deals are popular in the U.S., with women, in particular, crowding to purchase accessories like purses.
  • During these events, international suppliers in the North America market see a boost in their product sales.
  • The satchel segment is projected to grow with a significant CAGR over the forecast period as they are a popular fashion item for both men and women, and come in a wide range of sizes, designs, and colors.
  • The offline segment accounted for the largest market share in 2021 owing to the inclination of customers toward purchasing high-end products from exclusive stores or company stores.
  • These company stores offer customers a personalized experience and make it easy for them to assess the quality of the handbags personally.


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Frequently Asked Questions about the Global Handbag Market

What is the estimated value of the Global Handbag Market?

The Global Handbag Market was estimated to be valued at $51.25 Billion in 2022.

What is the growth rate of the Global Handbag Market?

The growth rate of the Global Handbag Market is 5.8%, with an estimated value of $81.79 Billion by 2030.

What is the forecasted size of the Global Handbag Market?

The Global Handbag Market is estimated to be worth $81.79 Billion by 2030.

Who are the key companies in the Global Handbag Market?

Key companies in the Global Handbag Market include 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. and Compagnie Financière Richemont SA.

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 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 Outlook
2.2. Raw Material Outlook
2.3. Product Outlook
2.4. Distribution Channel Outlook
2.5. Regional Insights
Chapter 3. Handbag Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Handbag Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis-Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Handbag Market
3.8. 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: Raw Material Estimates & Trend Analysis
5.1. Raw Material Analysis & Market Share, 2021 & 2030
5.2. Leather
5.2.1. Tote bag market estimates and forecast, 2017-2030 (USD Million)
5.3. Fabric
5.3.1. Clutch market estimates and forecast, 2017-2030 (USD Million)
5.4. Others
5.4.1. Satchel market estimates and forecast, 2017-2030 (USD Million)
Chapter 6. Handbag Market: Product Estimates & Trend Analysis
6.1. Product Analysis & Market Share, 2021 & 2030
6.2. Tote Bag
6.2.1. Tote bag market estimates and forecast, 2017-2030 (USD Million)
6.3. Clutch
6.3.1. Clutch market estimates and forecast, 2017-2030 (USD Million)
6.4. Satchel
6.4.1. Satchel market estimates and forecast, 2017-2030 (USD Million)
6.5. Others
6.5.1. Other handbags market estimates and forecast, 2017-2030 (USD Million)
Chapter 7. Handbag Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Analysis & Market Share, 2021 & 2030
7.2. Online
7.2.1. Handbag market estimates and forecast through online, 2017-2030 (USD Million)
7.3. Offline
7.3.1. Handbag market estimates and forecast through offline, 2017-2030 (USD Million)
Chapter 8. Handbag Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2021 & 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)
8.3. Europe
8.3.1. Market estimates and forecast, 2017-2030 (USD Million)
8.3.2. Market estimates and forecast, by raw material, 2017-2030, (USD Million)
8.3.3. Market estimates and forecast, by product, 2017-2030 (USD Million)
8.3.4. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
8.3.5. U.K.
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. Germany
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. India
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)
8.5. 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. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. Key company market share analysis, 2021
Chapter 10. Company Profiles
10.1. Louis Vuitton
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Hermès International S.A.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Strategic Initiatives
10.3. Michael Kors
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Strategic Initiatives
10.4. Fossil Group, Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Strategic Initiatives
10.5. Guccio Gucci S.p.A.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Strategic Initiatives
10.6. Prada S.p.A.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Strategic Initiatives
10.7. Burberry Group Plc
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Strategic Initiatives
10.8. Tapestry, Inc.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Strategic Initiatives
10.9. Chanel
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Strategic Initiatives
10.10. Compagnie Financière Richemont SA
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Strategic Initiatives
List of Tables
Table 1 Handbag market-Driving factor market analysis
Table 2 Handbag market-Restraint factor market analysis
Table 3 Leather handbag market estimates and forecast, 2017-2030 (USD Million)
Table 4 Fabric handbag market estimates and forecast, 2017-2030 (USD Million)
Table 5 Other handbags market estimates and forecast, 2017-2030 (USD Million)
Table 6 Tote bags market estimates and forecast, 2017-2030 (USD Million)
Table 7 Clutch market estimates and forecast, 2017-2030 (USD Million)
Table 8 Satchel market estimates and forecast, 2017-2030 (USD Million)
Table 9 Others market estimates and forecast, 2017-2030 (USD Million)
Table 10 Handbag market estimates and forecast through online, 2017-2030 (USD Million)
Table 11 Handbag market estimates and forecast through offline, 2017-2030 (USD Million)
Table 12 North America handbag market estimates and forecast, 2017-2030 (USD Million)
Table 13 North America handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 14 North America handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 15 North America handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 16 U.S. handbag market estimates and forecast, 2017-2030 (USD Million)
Table 17 U.S. handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 18 U.S. handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 19 U.S. handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 20 Europe handbag market estimates and forecast, 2017-2030, (USD Million)
Table 21 Europe handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 22 Europe handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 23 Europe handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 24 U.K. handbag market estimates and forecast, 2017-2030 (USD Million)
Table 25 U.K. handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 26 U.K. handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 27 U.K. handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 28 Germany handbag market estimates and forecast, 2017-2030 (USD Million)
Table 29 Germany handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 30 Germany handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 31 Germany handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 32 Asia Pacific handbag market estimates and forecast, 2017-2030, (USD Million)
Table 33 Asia Pacific handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 34 Asia Pacific handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 35 Asia Pacific handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 36 China handbag market estimates and forecast, 2017-2030 (USD Million)
Table 37 China handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 38 China handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 39 China handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 40 India handbag market estimates and forecast, 2017-2030 (USD Million)
Table 41 India handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 42 India handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 43 India handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 44 Central & South America handbag market estimates and forecast, 2017-2030 (USD Million)
Table 45 Central & South America handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 46 Central & South America handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 47 Central & South America handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 48 Brazil handbag market estimates and forecast, 2017-2030 (USD Million)
Table 49 Brazil handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 50 Brazil handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 51 Brazil handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 52 Middle East & Africa handbag market estimates and forecast, 2017-2030, (USD Million)
Table 53 Middle East & Africa handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 54 Middle East & Africa handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 55 Middle East & Africa handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 56 South Africa handbag market estimates and forecast, 2017-2030 (USD Million)
Table 57 South Africa handbag market estimates and forecast, by product, 2017-2030 (USD Million)
Table 58 South Africa handbag market estimates and forecast, by raw material, 2017-2030 (USD Million)
Table 59 South Africa handbag market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Table 60 Company categorization
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 Handbag market-Product growth prospect mapping
Fig. 7 Handbag market-Value chain analysis
Fig. 8 Handbag market: Porter’s Five Forces analysis
Fig. 9 Handbag market-Roadmap
Fig. 10 Handbag market: Raw material share (%) analysis, 2021 & 2030
Fig. 11 Handbag market: Product share (%) analysis, 2021 & 2030
Fig. 12 Handbag market: Distribution channel share (%) analysis, 2021 & 2030
Fig. 13 Handbag market: Regional market share (%) analysis, 2021 & 2030
Fig. 14 Handbag market: Estimated company market share (%) analysis, 2021

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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