The global luxury handbags market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for luxury goods and accessories among consumers in emerging economies such as China and India. The growth of this market is also attributed to the increasing number of women entering the workforce, which has led to an increase in their spending power on luxury goods.
5a) The luxury handbag market is expected to grow by 3% annually over the next five years according to Euromonitor International's latest forecast for 2019-2024, with total sales reaching $14 billion by 2024; this growth will be driven by increasing disposable income levels in emerging markets such as China and India, where consumers have more money available for discretionary spending than ever before; this will lead them to buy more expensive items such as designer clothing and accessories like designer purses; 5b) Social media influencers have been driving up demand for luxury goods including designer purses through their posts on Instagram or YouTube videos that show them carrying these items around town; 5c) Tourism has been driving up demand for luxury goods including designer purses through increased travel from countries like China where people want souvenirs from their trips abroad that show off their wealth or success back home.
Some Of The Growth Factors Of This Market:
- The luxury handbag market is growing due to the increase in disposable income and the rise of social media influencers.
- The luxury handbag market is also growing due to the increase in tourism, which has led to an increased demand for high-end products.
- Luxury handbags are also popular because they are seen as a status symbol and a way of showing off wealth or success.
- Luxury handbags are also popular because they can be used as an investment, with some bags being worth tens of thousands of dollars on resale markets like eBay or Poshmark, depending on their rarity and condition.
Industry Growth Insights published a new data on “Luxury Handbags Market”. The research report is titled “Luxury Handbags Market research by Types (Cotton Made, Leather Made, Nylon Made, Synthetic Made, Other), By Applications (Men, Women), By Players/Companies PVH (Calvin Klein), Compagnie Financiere Richemont SA (Chloe SAS), Furla S.p.A., GANNI A/S, Giorgio Armani(Armani), Loeffler Randall, Macy’s, LVMH Moet Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC), COACH, Bally, Ferragamo, Prada, Hugo Boss, MILLY, Michael Kors Holdings Limited, Rebecca Minkoff, The Cambridge Satchel Company, MAUS Freres SA (The Lacoste Group), Vera Bradley, Burberry Group, Ralph Lauren Corporation, Valentino, Tory Burch, Longchamp, Guccio Gucci, MCM Worldwide, Louis Vuitton, Dolce & Gabbana, Chanel, Cartier International SNC, Atelier”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Handbags Market Research Report
By Type
Cotton Made, Leather Made, Nylon Made, Synthetic Made, Other
By Application
Men, Women
By Companies
PVH (Calvin Klein), Compagnie Financiere Richemont SA (Chloe SAS), Furla S.p.A., GANNI A/S, Giorgio Armani(Armani), Loeffler Randall, Macy’s, LVMH Moet Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC), COACH, Bally, Ferragamo, Prada, Hugo Boss, MILLY, Michael Kors Holdings Limited, Rebecca Minkoff, The Cambridge Satchel Company, MAUS Freres SA (The Lacoste Group), Vera Bradley, Burberry Group, Ralph Lauren Corporation, Valentino, Tory Burch, Longchamp, Guccio Gucci, MCM Worldwide, Louis Vuitton, Dolce & Gabbana, Chanel, Cartier International SNC, Atelier
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Handbags Market Report Segments:
The global Luxury Handbags market is segmented on the basis of:
Types
Cotton Made, Leather Made, Nylon Made, Synthetic Made, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Men, Women
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PVH (Calvin Klein)
- Compagnie Financiere Richemont SA (Chloe SAS)
- Furla S.p.A.
- GANNI A/S
- Giorgio Armani(Armani)
- Loeffler Randall
- Macy’s
- LVMH Moet Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC)
- COACH
- Bally
- Ferragamo
- Prada
- Hugo Boss
- MILLY
- Michael Kors Holdings Limited
- Rebecca Minkoff
- The Cambridge Satchel Company
- MAUS Freres SA (The Lacoste Group)
- Vera Bradley
- Burberry Group
- Ralph Lauren Corporation
- Valentino
- Tory Burch
- Longchamp
- Guccio Gucci
- MCM Worldwide
- Louis Vuitton
- Dolce & Gabbana
- Chanel
- Cartier International SNC
- Atelier
Highlights of The Luxury Handbags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cotton Made
- Leather Made
- Nylon Made
- Synthetic Made
- Other
- By Application:
- Men
- Women
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Handbags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury handbags are typically high-end purses, bags, and wallets that are made from materials such as leather, silk, or other fabrics. They can be expensive and often come with a price tag to match.
Some of the key players operating in the luxury handbags market are PVH (Calvin Klein), Compagnie Financiere Richemont SA (Chloe SAS), Furla S.p.A., GANNI A/S, Giorgio Armani(Armani), Loeffler Randall, Macy¢â‚¬â„¢s, LVMH Moet Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC), COACH, Bally, Ferragamo, Prada, Hugo Boss, MILLY, Michael Kors Holdings Limited, Rebecca Minkoff, The Cambridge Satchel Company, MAUS Freres SA (The Lacoste Group), Vera Bradley, Burberry Group, Ralph Lauren Corporation, Valentino, Tory Burch, Longchamp, Guccio Gucci, MCM Worldwide, Louis Vuitton, Dolce & Gabbana, Chanel, Cartier International SNC, Atelier.
The luxury handbags market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Handbags Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Handbags Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Handbags Market - Supply Chain
4.5. Global Luxury Handbags Market Forecast
4.5.1. Luxury Handbags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Handbags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Handbags Market Absolute $ Opportunity
5. Global Luxury Handbags Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Handbags Market Size and Volume Forecast by Type
5.3.1. Cotton Made
5.3.2. Leather Made
5.3.3. Nylon Made
5.3.4. Synthetic Made
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Handbags Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Handbags Market Size and Volume Forecast by Application
6.3.1. Men
6.3.2. Women
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Handbags Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Handbags Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Handbags Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Handbags Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Handbags Demand Share Forecast, 2019-2026
9. North America Luxury Handbags Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Handbags Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Handbags Market Size and Volume Forecast by Application
9.4.1. Men
9.4.2. Women
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Handbags Market Size and Volume Forecast by Type
9.7.1. Cotton Made
9.7.2. Leather Made
9.7.3. Nylon Made
9.7.4. Synthetic Made
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Handbags Demand Share Forecast, 2019-2026
10. Latin America Luxury Handbags Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Handbags Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Handbags Market Size and Volume Forecast by Application
10.4.1. Men
10.4.2. Women
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Handbags Market Size and Volume Forecast by Type
10.7.1. Cotton Made
10.7.2. Leather Made
10.7.3. Nylon Made
10.7.4. Synthetic Made
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Handbags Demand Share Forecast, 2019-2026
11. Europe Luxury Handbags Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Handbags Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Handbags Market Size and Volume Forecast by Application
11.4.1. Men
11.4.2. Women
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Handbags Market Size and Volume Forecast by Type
11.7.1. Cotton Made
11.7.2. Leather Made
11.7.3. Nylon Made
11.7.4. Synthetic Made
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.1.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Handbags Demand Share, 2019-2026
12. Asia Pacific Luxury Handbags Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Handbags Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Handbags Market Size and Volume Forecast by Application
12.4.1. Men
12.4.2. Women
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Handbags Market Size and Volume Forecast by Type
12.7.1. Cotton Made
12.7.2. Leather Made
12.7.3. Nylon Made
12.7.4. Synthetic Made
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Handbags Demand Share, 2019-2026
13. Middle East & Africa Luxury Handbags Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Handbags Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Handbags Market Size and Volume Forecast by Application
13.4.1. Men
13.4.2. Women
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Handbags Market Size and Volume Forecast by Type
13.7.1. Cotton Made
13.7.2. Leather Made
13.7.3. Nylon Made
13.7.4. Synthetic Made
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Handbags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Handbags Market: Market Share Analysis
14.2. Luxury Handbags Distributors and Customers
14.3. Luxury Handbags Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PVH (Calvin Klein)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Compagnie Financiere Richemont SA (Chloe SAS)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Furla S.p.A.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GANNI A/S
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Giorgio Armani(Armani)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Loeffler Randall
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Macys
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LVMH Moet Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COACH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bally
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ferragamo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Prada
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hugo Boss
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. MILLY
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Michael Kors Holdings Limited
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Rebecca Minkoff
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. The Cambridge Satchel Company
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. MAUS Freres SA (The Lacoste Group)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Vera Bradley
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Burberry Group
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
