U.S. Luxury Handbag Market Size, Share And Trends Analysis Report By Product (Tote Bag, Clutch, Satchel, Others), Segment Forecasts, Consumer Behavior And Competitive Analysis, 2025 - 2030

PUBLISHED: November 28, 2024

PAGES: 100 Pages

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The U.S. luxury handbag market size is estimated to reach USD 15.07 billion in 2030 and is projected to grow at a CAGR of 4.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. There is a growing preference among U.S. consumers for quality and longevity, leading many to view luxury handbags as investment pieces. High-end bags from reputable brands often retain or appreciate value over time, attracting those who seek both style and durability. This shift towards investing in quality over fast fashion has significantly increased the demand for designer handbags that offer lasting value, prestige, and timeless appeal.

The demand for luxury handbags in the U.S. is experiencing notable growth, primarily fueled by an increase in disposable income among specific consumer segments, especially millennials and Gen Z. As these age groups achieve higher income levels, they are more inclined to invest in luxury items as a means of expressing their status and personal style. Luxury handbags, which serve both functional purposes and as fashion statements, appeal to consumers looking to showcase their social standing through high-end accessories. This trend reflects a broader shift towards valuing quality and exclusivity in personal fashion choices.

The rise of e-commerce and the expansion of direct-to-consumer channels by luxury brands have further facilitated access to high-end products for a broader range of U.S. consumers. Many luxury brands have enhanced their digital presence, allowing customers nationwide to conveniently purchase their products online. This increased accessibility is a significant factor contributing to the growing demand for luxury handbags, reaching consumers beyond traditional fashion hubs and opening new market segments across the country.

U.S. Luxury Handbag Market Report Highlights:

Satchel is expected to grow at a CAGR of 4.8% from 2025 to 2030. Satchels have gained popularity as they align with vintage and retro fashion trends. They are often featured in social media and fashion influencer content, further driving consumer interest in this bag style as a trendy yet practical accessory.
The tote bags segment held a revenue share of 33.5% in 2024. This growth in share is attributed to the fact that tote bags have become fashionable accessories, often available in unique designs and customizable options.
The growth in the e-commerce industry and the expansion of direct-to-consumer channels by luxury brands have also made it easier for a broader range of U.S. consumers to access high-end products. Many luxury brands have enhanced their digital presence, allowing customers nationwide to purchase these items conveniently online.

Product Code: GVR-4-68040-492-0

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Product Outlook
2.3. Competitive Landscape Outlook

Chapter 3. U.S. Luxury Handbags Market Variables, Trends & Scope

3.1. Market Lineage Outlook
- 3.1.1. U.S. Luxury Handbags Market Size, 2018 - 2030 (USD Million)
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends Outlooks
- 3.3.2. Manufacturing and Technology Trends
- 3.3.3. Sales/ Retail Channel Analysis
- 3.3.4. Profit Margin Analysis
3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunities
- 3.4.4. Market Challenges
3.5. Industry Analysis - Porter's Five Forces Analysis
3.6. Market Entry Strategies

Chapter 4. U.S. Luxury Handbags Market: Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Behavior
4.4. Consumer Service Adoption Trends
4.5. Key Observations & Findings

Chapter 5. U.S. Luxury Handbags Market: Product Estimates & Trend Analysis

5.1. U.S. Luxury Handbags Market, by Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 5.3.1. Tote Bag
  - 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Clutch
  - 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.3. Satchel
  - 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.4. Others
  - 5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Competitive Analysis

6.1. Recent Development & Impact Analysis, by Key Market Participants
6.2. Company Categorization
6.3. Participant's Overview
6.4. Financial Performance
6.5. Product Portfolios
6.6. Company Market Share Analysis, 2024 (%)
6.7. Company Heat Map Analysis
6.8. Strategy Mapping
6.9. Company Profiles
- 6.9.1. Louis Vuitton
  - 6.9.1.1. Company Overview
  - 6.9.1.2. Financial Performance
  - 6.9.1.3. Product Portfolios
  - 6.9.1.4. Strategic Initiatives
- 6.9.2. Hermes
  - 6.9.2.1. Company Overview
  - 6.9.2.2. Financial Performance
  - 6.9.2.3. Product Portfolios
  - 6.9.2.4. Strategic Initiatives
- 6.9.3. Chanel
  - 6.9.3.1. Company Overview
  - 6.9.3.2. Financial Performance
  - 6.9.3.3. Product Portfolios
  - 6.9.3.4. Strategic Initiatives
- 6.9.4. Gucci
  - 6.9.4.1. Company Overview
  - 6.9.4.2. Financial Performance
  - 6.9.4.3. Product Portfolios
  - 6.9.4.4. Strategic Initiatives
- 6.9.5. Prada
  - 6.9.5.1. Company Overview
  - 6.9.5.2. Financial Performance
  - 6.9.5.3. Product Portfolios
  - 6.9.5.4. Strategic Initiatives
- 6.9.6. Dior
  - 6.9.6.1. Company Overview
  - 6.9.6.2. Financial Performance
  - 6.9.6.3. Product Portfolios
  - 6.9.6.4. Strategic Initiatives
- 6.9.7. Fendi
  - 6.9.7.1. Company Overview
  - 6.9.7.2. Financial Performance
  - 6.9.7.3. Product Portfolios
  - 6.9.7.4. Strategic Initiatives
- 6.9.8. Burberry
  - 6.9.8.1. Company Overview
  - 6.9.8.2. Financial Performance
  - 6.9.8.3. Product Portfolios
  - 6.9.8.4. Strategic Initiatives
- 6.9.9. Michael Kors
  - 6.9.9.1. Company Overview
  - 6.9.9.2. Financial Performance
  - 6.9.9.3. Product Portfolios
  - 6.9.9.4. Strategic Initiatives
- 6.9.10. Tory Burch
  - 6.9.10.1. Company Overview
  - 6.9.10.2. Financial Performance
  - 6.9.10.3. Product Portfolios
  - 6.9.10.4. Strategic Initiatives

Product Code: GVR-4-68040-492-0

List of Tables

Table 1. U.S. luxury handbags market - Key market driver analysis
Table 2. U.S. luxury handbags market - Key market restraint analysis
Table 3. U.S. luxury handbags market estimates and forecast, 2018 - 2030 (USD Million)
Table 4. U.S. luxury handbags market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 5. Recent developments & impact analysis, by key market participants
Table 6. Company market share, 2024
Table 7. Company heat map analysis
Table 8. Companies undergoing key strategies

List of Figures

Fig. 1 U.S. Luxury Handbags market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Product snapshot
Fig. 8 Regional snapshot
Fig. 9 Competitive landscape snapshot
Fig. 10 U.S. luxury handbags market size, 2018 to 2030 (USD Million)
Fig. 11 U.S. luxury handbags market: Penetration & growth prospect mapping
Fig. 12 U.S. luxury handbags market: Value chain analysis
Fig. 13 U.S. luxury handbags market: Profit margin analysis
Fig. 14 U.S. luxury handbags market: Market dynamics
Fig. 15 U.S. luxury handbags market: Porter's five forces analysis
Fig. 16 Factors influencing buying decisions for US luxury handbags
Fig. 17 U.S. luxury handbags market, by product: Key Takeaways
Fig. 18 U.S. luxury handbags market: Product movement analysis, 2024 & 2030 (%)
Fig. 19 U.S. Luxury tote bag market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 U.S. Luxury clutch market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 U.S. Luxury satchel market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 U.S. Luxury other bags market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Key company categorization
Fig. 24 Company market share analysis, 2024
Fig. 25 Strategic framework of the US luxury handbags market