June 20, 2024

Luxury Handbags Market Size to Attain USD 57.28 Bn by 2033

The global luxury handbags market size accounted for US$ 31.87 billion in 2023 and is projected to reach around USD 57.28 billion by 2033, growing at a CAGR of 6.05% from 2024 to 2033.

Luxury Handbags Market Size 2024 to 2033

Key Points

  • Europe led the market with the biggest market share of 36% in 2023.
  • Asia-Pacific is estimated to expand at the fastest CAGR during the forecast period.
  • By product, the handbags segment dominated the market in 2023.
  • By product, the backpack segment is observed to witness the fastest rate of expansion during the forecast period of 2024-2033.
  • By material, the leather segment registered a maximum market share of 40% in 2023.
  • By material, the synthetic segment is observed to expand at a rapid pace during the forecast period.
  • By end-user, the women segment dominated the market in 2023.
  • By distribution channel, the offline segment dominated the market in 2023.
  • By distribution channel, the online segment is observed to expand.

Report Summary

The global luxury handbags market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the luxury handbags market across the globe.

A comprehensive estimate on the luxury handbags market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of luxury handbags during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Luxury Handbags Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 6.05%
Global Market Size in 2023USD 31.87 Billion
Global Market Size by 2033USD 57.28 Billion
Largest MarketEurope
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Product, By Material, By End-user, and By Distribution Channel
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized luxury handbags market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

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Market Players

The report includes the profiles of key luxury handbags market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In September 2023, With the introduction of eBay consignment for luxury goods, owners now have direct access to knowledgeable sellers who will list and sell their products. In 2024, the service will expand to include watches and jewelry in addition to its initial offering of designer handbags.
  • In February 2023, A first-of-its-kind firm called CITIZEN HYDE has formally launched its fashionable and safe products for individuals on the go. Designer bags for every gender that lock like a safe are part of the first product line, which combines convenience, practical security, and privacy with elegance and flair.

Luxury Handbags Market Companies

  • Furla S.p.A.
  • GANNI A/S
  • Giorgio Armani S.p.A. (Armani)
  • Loeffler Randall
  • LVMH Moet Hennessy Louis Vuitton SE
  • Macy’s Inc.
  • MAUS Freres SA (The Lacoste Group)
  • Michael Kors Holdings Limited
  • MILLY NY
  • Tapestry, Inc. (Coach, Inc.)
  • PVH Corp. (Calvin Klein)

Segments Covered in the Report

By Product

  • Handbags
    • Shoulder Bags
    • Satchel Bags
    • Handheld Bags
    • Sling Bags
    • Tote Bags
    • Hobo Bags
    • Others (Duffle Bags, Fanny/Waist Packs. etc.)
  • Backpacks
  • Wallets
  • Others (Clutches, Laptop Bags, Messenger Bags, etc.)

By Material

  • Nylon
  • Leather
  • Cotton
  • Synthetic

By End-user

  • Men
  • Women

By Distribution Channel

  • Online
    • Company-owned Websites
    • E-commerce Websites
  • Offline
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Others (Small Retailers, etc.)

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Luxury Handbags Market 

5.1. COVID-19 Landscape: Luxury Handbags Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Luxury Handbags Market, By Product

8.1. Luxury Handbags Market Revenue and Volume Forecast, by Product, 2024-2033

8.1.1. Handbags

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Backpacks

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Wallets

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Others (Clutches, Laptop Bags, Messenger Bags, etc.)

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Luxury Handbags Market, By Material

9.1. Luxury Handbags Market Revenue and Volume Forecast, by Material, 2024-2033

9.1.1. Nylon

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Leather

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Cotton

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Synthetic

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Luxury Handbags Market, By End-user 

10.1. Luxury Handbags Market Revenue and Volume Forecast, by End-user, 2024-2033

10.1.1. Men

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Women

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Luxury Handbags Market, By Distribution Channel 

11.1. Luxury Handbags Market Revenue and Volume Forecast, by Distribution Channel, 2024-2033

11.1.1. Online

11.1.1.1. Market Revenue and Volume Forecast (2021-2033)

11.1.2. Offline

11.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 12. Global Luxury Handbags Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.1.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.1.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.1.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.1.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.1.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.1.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.7.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.8.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.8.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.7.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.8.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.8.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.7.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.8.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.8.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.5.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.5.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.5.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.5.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

Chapter 13. Company Profiles

13.1. Furla S.p.A.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. GANNI A/S

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Giorgio Armani S.p.A. (Armani)

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Loeffler Randall

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. LVMH Moet Hennessy Louis Vuitton SE

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Macy’s Inc.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. MAUS Freres SA (The Lacoste Group)

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Michael Kors Holdings Limited

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. MILLY NY

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Tapestry, Inc. (Coach, Inc.)

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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