July 19, 2024

Luxury Handbags Market Size to Attain USD 57.28 Bn by 2033

The global luxury handbags market size was estimated to be around US$ 31.87 billion in 2023 and is projected to reach US$ 57.28 billion by 2033, indicating 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.

The market research report on the luxury handbags market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of luxury handbags products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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Luxury Handbags Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 6.05%
Global Market Size in 2023 USD 31.87 Billion
Global Market Size by 2033 USD 57.28 Billion
Largest Market Europe
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Material, By End-user, and By Distribution Channel
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: US Healthcare Consumables Market Size, Share, Report by 2033

The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global luxury handbags market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the luxury handbags market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of luxury handbags products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the luxury handbags market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on xx market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the luxury handbags market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

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.)

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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