Market Overview

The Global Handbag Market was valued at USD 79,806.5 million in 2023 and is expected to reach USD 138,151.0 million by 2031 while growing at a CAGR of 7.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global handbag market growth. A handbag, also known as a purse or pocketbook, is a small to medium-sized bag carried by individuals for holding personal items and everyday essentials. Available in various shapes, styles, and materials, handbags serve both functional and fashion purposes, making them popular accessories, especially among women, to enhance personal style.

The handbag market's growth is propelled by evolving fashion trends, styles, functionality, and utility. Nevertheless, challenges such as sustainability concerns and shifts in lifestyles and fashion preferences could impede market expansion.

Furthermore, the global handbag industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Handbag Market is segmented among Satchel, Bucket Bag, Clutch, Tote Bag, and Other Product Types, based on Product Type.  In 2023, Tote Bag accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Handbag Market is segmented among Online Retail Stores, and Offline Retail Stores, based on Distribution Channel. In 2023, Offline Retail Stores accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Handbag Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Burberry Group PLC, LVMH, Prada Holding SpA, Kering Holland NV, Capri Holdings Limited, Chanel International BV, Kate Spade & Company, Chanel SA, Kering SA, and Hermes International SA.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Handbag Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Handbag Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Handbag Market Segmentation, By Product Type

• Global Handbag Market Share Analysis, By Product Type

• Global Handbag Market Growth Analysis, By Product Type

• Global Handbag Market Trends, By Product Type l

o Satchel

o Bucket Bag

o Clutch

o Tote Bag

o Other Product Types  

6. Global Handbag Market Segmentation, By Distribution Channel

• Global Handbag Market Share Analysis, By Distribution Channel   

• Global Handbag Market Growth Analysis, By Distribution Channel   

• Global Handbag Market Trends, By Distribution Channel  

o Online Retail Stores

o Offline Retail Stores

7. Global Handbag Market Segmentation, By Region

• Global Handbag Market Share Analysis, By Region

• Global Handbag Market Growth Analysis, By Region

• Global Handbag Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Burberry Group PLC.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• LVMH

• Prada Holding SpA

• Kering Holland NV

• Capri Holdings Limited

• Chanel International BV

• Kate Spade & Company

• Chanel SA

• Kering SA

• Hermes International SA  

 *Similar analysis will be provided for each company listed above.