Handbag Global Market Report 2025

Description

A handbag is a fashion accessory primarily utilized by women to carry essential personal items. Available in a diverse range of sizes, patterns, and colors, handbags are typically crafted by stitching together multiple pieces of cloth or leather. They serve both functional and aesthetic purposes, complementing various styles and outfits.

The primary types of handbag products include satchels, clutches, tote bags, and bucket bags. Satchels are versatile and timeless bags that find widespread use in various contexts. They are crafted using different materials such as leather, fabric, and synthetic materials. These handbags are distributed through various channels, including online and offline platforms, catering to both the men's and women's segments.

The handbag market research report is one of a series of new reports from The Business Research Company that provides handbag market statistics, including handbag industry global market size, regional shares, competitors with handbag market share, detailed handbag market segments, market trends, and opportunities, and any further data you may need to thrive in the handbag industry. This handbag market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The handbag market size has grown strongly in recent years. It will grow from $63.07 billion in 2024 to $67.94 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to fashion trends and styles, luxury brand influence, rising disposable income, celebrity endorsements, functional versatility.

The handbag market size is expected to see strong growth in the next few years. It will grow to $86.28 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to sustainability and ethical practices, rise of secondhand and vintage markets, customization and personalization, cross-industry collaborations, globalization of fashion. Major trends in the forecast period include technological integration, digital influencer marketing, innovations in materials and design, integration of technology, emphasis on inclusivity and diversity.

The anticipated growth in the female workforce is expected to drive the expansion of the handbag market. The female workforce represents women actively participating in employment or labor across various industries, sectors, and professions. As more women enter the workforce and achieve financial independence, their purchasing power increases, leading to investments in accessories such as handbags that cater to both professional needs and diverse social and recreational activities. In March 2023, the UK Parliament reported a female employment rate of 72.3% from October to December 2022, illustrating the significant presence of women in the workforce. The rise in the female workforce is a key factor propelling the growth of the handbag market.

Prominent companies in the handbag market are actively innovating by introducing new products, such as the stylish Tribeca handbag, to enhance their profitability. The Tribeca handbag, launched by Michael Kors LLC in January 2024, stands out as a popular and fashionable accessory. Crafted from supple, quilted leather, it offers diverse styles such as cross-body and shoulder bags. The handbag exudes sophistication with its polished push-lock fastening, combining practicality with style to accommodate personal items such as wallets, phones, and keys. This chic and luxe handbag becomes an ideal choice for everyday use, reflecting the industry's focus on meeting evolving consumer preferences.

In August 2023, Tapestry, Inc., a US-based luxury fashion holding company, completed the acquisition of Capri Holdings Ltd. for $8.5 billion. This strategic move brings together six highly complementary brands with global reach, leveraging Tapestry's data-rich customer engagement platform and diversified direct-to-consumer operating model. Capri Holdings Ltd., a US-based company, is recognized for designing exceptional and innovative products across the full spectrum of fashion luxury categories. This acquisition positions Tapestry, Inc. to strengthen its presence in the luxury fashion market and capitalize on the synergies between the combined brands.

Major companies operating in the handbag market report are VIP Industries Ltd., Louis Vuitton Malletier, H and M Hennes and Mauritz GBC AB, Chanel Ltd., Hermes International S.A, Fendi, Guccio Gucci S.p.A, Coach IP Holdings LLC, Tapestry, Inc., Victorias Secret and Co, Prada S.p.A, Michael Kors, Burberry, Calvin Klein Inc., ALDO Group Inc., Fossil Group Inc., Kate Spade, Zouk, Ted Baker, Loewe (LVMH), Zadig & Voltaire, BAGGIT, Tumi (Samsonite), Anya Hindmarch, Lino Perros, Da Milano Leathers Pvt. Ltd., Aranyani, Deeya International, MCM Worldwide, Proenza Schouler

North America was the largest region in the handbag market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handbag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the handbag market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The handbag market consists of sales of shoulder, satchel, handheld, and sling bags Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Handbag Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on handbag market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for handbag ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The handbag market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product Type: Satchels; Clutches; Tote Bags; Bucket Bags
2) By Material: Leather; Fabric; Synthetic
3) By Distribution Channel: Online; Offline
4) By End User Analysis: Men Segment; Women Segment
Subsegments:
1) By Satchels: Structured Satchels; Soft Satchels
2) By Clutches: Evening Clutches; Daytime Clutches
3) By Tote Bags: Large Tote Bags; Medium Tote Bags
4) By Bucket Bags: Small Bucket Bags; Large Bucket Bags
Companies Mentioned: VIP Industries Ltd.; Louis Vuitton Malletier; H and M Hennes and Mauritz GBC AB; Chanel Ltd.; Hermes International S.A
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r28207

1. Executive Summary

2. Handbag Market Characteristics

3. Handbag Market Trends And Strategies

4. Handbag Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Handbag Growth Analysis And Strategic Analysis Framework

5.1. Global Handbag PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Handbag Market Growth Rate Analysis
5.4. Global Handbag Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Handbag Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Handbag Total Addressable Market (TAM)

6. Handbag Market Segmentation

6.1. Global Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Satchels
Clutches
Tote Bags
Bucket Bags
6.2. Global Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Leather
Fabric
Synthetic
6.3. Global Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Online
Offline
6.4. Global Handbag Market, Segmentation By End User Analysis, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Men Segment
Women Segment
6.5. Global Handbag Market, Sub-Segmentation Of Satchels, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Structured Satchels
Soft Satchels
6.6. Global Handbag Market, Sub-Segmentation Of Clutches, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Evening Clutches
Daytime Clutches
6.7. Global Handbag Market, Sub-Segmentation Of Tote Bags, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Large Tote Bags
Medium Tote Bags
6.8. Global Handbag Market, Sub-Segmentation Of Bucket Bags, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Small Bucket Bags
Large Bucket Bags

7. Handbag Market Regional And Country Analysis

7.1. Global Handbag Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Handbag Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Handbag Market

8.1. Asia-Pacific Handbag Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Handbag Market

9.1. China Handbag Market Overview
9.2. China Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Handbag Market

10.1. India Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Handbag Market

11.1. Japan Handbag Market Overview
11.2. Japan Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Handbag Market

12.1. Australia Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Handbag Market

13.1. Indonesia Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Handbag Market

14.1. South Korea Handbag Market Overview
14.2. South Korea Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Handbag Market

15.1. Western Europe Handbag Market Overview
15.2. Western Europe Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Handbag Market

16.1. UK Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Handbag Market

17.1. Germany Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Handbag Market

18.1. France Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Handbag Market

19.1. Italy Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Handbag Market

20.1. Spain Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Handbag Market

21.1. Eastern Europe Handbag Market Overview
21.2. Eastern Europe Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Handbag Market

22.1. Russia Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Handbag Market

23.1. North America Handbag Market Overview
23.2. North America Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Handbag Market

24.1. USA Handbag Market Overview
24.2. USA Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Handbag Market

25.1. Canada Handbag Market Overview
25.2. Canada Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Handbag Market

26.1. South America Handbag Market Overview
26.2. South America Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Handbag Market

27.1. Brazil Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Handbag Market

28.1. Middle East Handbag Market Overview
28.2. Middle East Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Handbag Market

29.1. Africa Handbag Market Overview
29.2. Africa Handbag Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Handbag Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Handbag Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Handbag Market Competitive Landscape And Company Profiles

30.1. Handbag Market Competitive Landscape
30.2. Handbag Market Company Profiles
- 30.2.1. VIP Industries Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Louis Vuitton Malletier Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. H and M Hennes and Mauritz GBC AB Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Chanel Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Hermes International S.A Overview, Products and Services, Strategy and Financial Analysis

31. Handbag Market Other Major And Innovative Companies

31.1. Fendi
31.2. Guccio Gucci S.p.A
31.3. Coach IP Holdings LLC
31.4. Tapestry Inc.
31.5. Victorias Secret and Co
31.6. Prada S.p.A
31.7. Michael Kors
31.8. Burberry
31.9. Calvin Klein Inc.
31.10. ALDO Group Inc.
31.11. Fossil Group Inc.
31.12. Kate Spade
31.13. Zouk
31.14. Ted Baker
31.15. Loewe (LVMH)

32. Global Handbag Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Handbag Market

34. Recent Developments In The Handbag Market

35. Handbag Market High Potential Countries, Segments and Strategies

35.1 Handbag Market In 2029 - Countries Offering Most New Opportunities
35.2 Handbag Market In 2029 - Segments Offering Most New Opportunities
35.3 Handbag Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer