Handbags Market

Detailed research report on the handbags market, featuring market analysis, industry trends, size, and report insights from 2025 to 2030.

The Handbag Market Report is Segmented by Product Type (satchel, Bucket Bag, Clutch, Tote Bag, and Other Product Types), Distribution Channel (offline Retail Stores and Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Size and Forecasts of Handbags in Value Terms in USD for all the Above Segments.

Bag Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Handbag Market Size

Handbag Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 7.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Handbag Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Handbags Market with other markets in Consumer Goods and Services Industry

Apparel, Footwear & Accessories

Luxury Goods & Services

Recreational Goods

Baby Care

Beauty and Personal Care

Consumer Services

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Handbag Market Analysis

The Handbags Market is expected to register a CAGR of 7.5% during the forecast period.

  • The growing adoption of luxury wear, high purchasing power, and the influence of celebrity endorsement are driving the market growth. The bag industry is highly competitive and requires continuous innovation and development, especially in the case of product design and improvement, to keep up with changing consumer trends. Further, customers, particularly millennials and Gen Z, are becoming more open to premium fashionable accessories, including handbags, and are willing to experiment with various branded superior fashion accessories due to evolving fashion perceptions and increased exposure to global fashion trends.
  • In addition, key players focus on strategic partnerships and expansions to cater to the growing demand, especially for luxury handbags. The ever-increasing fashion industry drives the handbag market, with bags considered a major fashion statement. Also, due to the increasing social media influence on the purchasing behavior of consumers, companies are targeting their product ranges through e-commerce channels. However, the presence of counterfeit products is a critical challenge brands face globally.

Handbag Industry Overview

The market studied is competitive, with many regional and global players operating in the market studied. The major strategies adopted by these companies include product innovations, expansions, and mergers and acquisitions. The major players dominating the handbag market are Burberry Group PLC, Prada Holding BV, Fossil Group, Inc., Michael Kors, and Gucci. An advanced distribution network provides a competitive advantage to the key market players. Moreover, players focus on continuous innovation to operate and grow in the market and cater to the rapidly changing consumer demands and preferences.

Handbag Market Leaders

  1. Michael Kors

  2. Burberry Group PLC

  3. Prada Holding BV

  4. Fossil Group, Inc.

  5. Guccio Gucci S.p.A

  6. *Disclaimer: Major Players sorted in no particular order
Handbag Market Concentration
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Handbag Market News

  • April 2023: The sustainable fashion brand Rashki from India joined forces with Atma Leather to introduce India's inaugural collection of banana leather handbags. Rashki has unveiled a diverse range of bags crafted from Banofi, including the striking Snow black and white crossbody bag, the environmentally-conscious Unica Eco handbag featuring elegant wooden handles, and the versatile Fede tote bag.
  • March 2023: The renowned French fashion house Coperni made a bold statement in the fashion world by launching an exquisite handbag crafted from meteorite rock. This unique accessory was introduced in the premium luxury segment with a price tag of €40,000.
  • October 2022: Titan made a significant foray into the women's handbag market with the introduction of its latest brand, IRTH. IRTH has entered the Indian market, positioning itself as a competitor to established brands like Lavie and Baggit.

Handbag Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables and Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Fast Fashion Trend
    • 4.1.2 Inflating Income Level of Individuals
  • 4.2 Market Restraints
    • 4.2.1 The Presence Of Counterfeit Products
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Satchel
    • 5.1.2 Bucket Bag
    • 5.1.3 Clutch
    • 5.1.4 Tote Bag
    • 5.1.5 Other Product Types
  • 5.2 By Distribution Channel
    • 5.2.1 Online Retail Stores
    • 5.2.2 Offline Retail Stores
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Spain
    • 5.3.2.6 Italy
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Active Companies
  • 6.2 Most Adopted Strategies
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 Burberry Group PLC
    • 6.4.2 LVMH
    • 6.4.3 Prada Holding SpA
    • 6.4.4 Kering Holland NV
    • 6.4.5 Capri Holdings Limited
    • 6.4.6 Chanel International BV
    • 6.4.7 Kate Spade & Company
    • 6.4.8 Chanel SA
    • 6.4.9 Kering SA
    • 6.4.10 Hermes International SA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Handbag Industry Segmentation

A handbag is used to carry personal items or accessories and comes in various sizes and designs. 

The handbag market is segmented by product type, distribution channel, and geography. By product type, the market has been segmented into satchel, bucket bag, clutch, tote bag, and other product types. By distribution channel, the market has been segmented into online retail stores and offline retail stores. By geography, the market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. 

The market sizing has been done in value terms in USD for all the abovementioned segments.

By Product Type Satchel
Bucket Bag
Clutch
Tote Bag
Other Product Types
By Distribution Channel Online Retail Stores
Offline Retail Stores
Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
France
Russia
Spain
Italy
Rest of Europe
Asia-Pacific India
China
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East and Africa South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Handbag Market Research FAQs

What is the current Global Handbags Market size?

The Global Handbags Market is projected to register a CAGR of 7.5% during the forecast period (2025-2030)

Who are the key players in Global Handbags Market?

Michael Kors, Burberry Group PLC, Prada Holding BV, Fossil Group, Inc. and Guccio Gucci S.p.A are the major companies operating in the Global Handbags Market.

Which is the fastest growing region in Global Handbags Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Global Handbags Market?

In 2025, the North America accounts for the largest market share in Global Handbags Market.

What years does this Global Handbags Market cover?

The report covers the Global Handbags Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Handbags Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Bag Industry Report

The handbag market is experiencing significant growth, driven by the increasing participation of women in the workforce and a rising demand for stylish yet practical accessories. The industry statistics highlight a robust market segmentation, categorized by product types such as satchels, bucket bags, clutches, tote bags, and other types. Additionally, the market is divided by distribution channels, including offline retail stores and online retail stores, and geographical regions like North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

The market analysis shows that luxury and premium segments, along with durable leather products, are seeing increased demand. This growth is further supported by a positive industry outlook towards sustainability, with innovations in design and materials meeting evolving consumer preferences. The industry research points to the importance of internet and mobile phone usage in propelling market growth.

Key market leaders are focusing on product innovation and strategic expansions to capture a larger market share. The market forecast suggests a promising future, driven by fashion trends, technological advancements, and a shift towards eco-friendly products. The market overview and market review provide a comprehensive understanding of the market value and market size, offering insights into the market predictions and market trends.

The industry reports and industry analysis emphasize the importance of industry information and industry sales in understanding the market dynamics. The market data and market statistics offer valuable insights into the market segmentation and market growth. The industry trends and market outlook indicate a positive trajectory for the handbag market.

For those interested in a detailed market report, a report example and report pdf are available, providing an in-depth analysis of the market. The research companies involved in this study have ensured that the market predictions and market review are based on reliable data, offering a clear market overview and market forecast.

In summary, the handbag market is set to grow significantly, with a focus on sustainability, innovation, and consumer preferences driving the industry forward. The market analysis and industry research provide a comprehensive understanding of the market dynamics, ensuring that stakeholders are well-informed about the market trends and market growth.