Global Handbag Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Handbag Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Satchel, Bucket Bag, Clutch, Tote Bag, and Other Product Types), Distribution Channel (Online Retail Stores, and Offline Retail Stores), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.