Luxury Handbag Market size is expected to reach nearly US$ 105.45 Billion. by 2029 with the CAGR of 5.4% during the forecast period. Luxury handbag market is segmented by Type, by Material, by Distribution channel & by Region. By type market is divided into Handbags, Backpack, & wallet.To know about the Research Methodology:- Request Free Sample Report
Luxury Handbag Market , Dynamics:
Increasing disposable income in emerging economies and growing preference for high end luxury branded goods are expected to be major drivers of growth for the market. Rising in the number of working women and high net worth individuals are also expected to add to the market’s expansion & growing population of working women has driven the demand for luxury handbags. Luxury handbag manufacturers are developing the latest women’s handbags that are more functional, fortified with laptop sleeves, key holders, and mobile holders and offer the feel of luxury, without compromising on quality. Easy availability of cheaper dummy copies of premium luxury bags is resulting in market fragmentation and is expected to be one of the biggest restraints of the market. Based on type, handbags are mostly used by people. Handbag segment is further divided into shoulder bags, satchel bags, handheld bags, sling bags, tote bags, and hobo bags. Growing demand of high quality handbags products which are stylish, crack proof, and better durability which is expected to increase growth of handbags market. Additionally, continuous improvement in bucket bags, satchel, and clutch handbags products is influencing growth of handbags market from last few years. On the basis of material, leather bags are widely used. Leather has been always given the first preference over other materials on account of its long years of service. Lather handbags sturdy enough to endure all the rough handling and it doesn’t catch dirt easily. Leather bag adds sophistication and elegance to look and therefore is most businessman’s prized possession. Lather indicator of being classy and a man of taste. Based on distribution channel, the luxury handbag market is dominated by the offline channel as the user can gauge the quality of the product by touch, while in online channels the user cannot touch the product.Segmentation
Materials are classified into Cotton, Leather, Nylon, & Synthetic. Distribution channel is splits into Online & Offline. Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.Regional Analysis:
In terms of region, in North America demand for handbags is growing in the US with the rising demand for affordable luxury handbags along with the presence of top brands in the country. The arrival of numerous handbags brands and their easy availability through offline and online retail stores augmented the demand for handbags among consumers in the US. In developed economies, the replacement cycle of luxury handbags is high compared to the developing countries which is driving the market growth in North America and Europe region.Key Highlights:
Global Luxury Handbag Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Luxury Handbag Market The Luxury Handbag Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Luxury Handbag Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. This Luxury Handbag Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Luxury Handbag Market are also profiled.Luxury Handbag Market Scope: Inquire before buying
Luxury Handbag Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US$ 72.97 Bn. Forecast Period 2023 to 2029 CAGR: 5.4% Market Size in 2029: US$ 105.45 Bn. Segments Covered: by Type Handbag Backpack wallet by Material Cotton Leather Nylon Synthetic by Distribution channel Online Offline Luxury Handbag Market by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)Key Players:
1. Wanlima 2. Phillip Lim 3. The Chanel 4. Givenchy 5. LV 6. Proenza 7. Alexander 8. Stella 9. Céline’s Phantom 10. Charlotte Olympia 11. Valentino 12. Mulberry 13. Longchamp 14. Hermès Kelly 15. Gucci 16. Burberry Group Plc. 17. Compagnie Financière Richemont SA. 18. Dolce & Gabbana Srl. 19. Hermès International. 20. Kering SA. 21. LVMH Moet Hennessy - Louis Vuitton. 22. PRADA Group. 23. Ralph Lauren Corp., Frequently Asked Questions: 1. Which region has the largest share in Global Luxury Handbag Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global Luxury Handbag Market? Ans: The Global Market is growing at a CAGR of 5.4% during forecasting period 2023-2029. 3. What is scope of the Global Luxury Handbag market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Luxury Handbag market? Ans: The important key players in the Global Market are – Wanlima, Phillip Lim, The Chanel, Givenchy, LV, Proenza, Alexander, Stella, Céline’s Phantom, Charlotte Olympia, Valentino, Mulberry, Longchamp, Hermès Kelly, Gucci, Burberry Group Plc., Compagnie Financière Richemont SA., Dolce & Gabbana Srl., Hermès International., Kering SA., LVMH Moet Hennessy - Louis Vuitton., PRADA Group., Ralph Lauren Corp. 5. What is the study period of this market? Ans: The Global Luxury Handbag Market is studied from 2022 to 2029. Global Hand Sanitizer Market
Global Luxury Handbag Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 1.4. Key Questions Answered 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 3. Executive Summary 3.1. Global Luxury handbag Market Size, by Market Value (US$ Mn) and Market, by Region 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.3. Drivers and Restraints Snapshot Analysis 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.3.4. Porter’s Analysis 4.3.5. Value Chain Analysis 4.3.6. SWOT Analysis 4.3.7. Key Trends in Global Luxury Handbag Marke 5. Global Luxury handbag Market Analysis and Forecast 5.1. Global Luxury handbag Market Analysis and Forecast 5.2. Global Luxury handbag Market Size& Y-o-Y Growth Analysis 5.2.1. North America 5.2.2. Europe 5.2.3. Asia Pacific 5.2.4. Middle East & Africa 5.2.5. Latin America 6. Global Luxury handbag Market Analysis and Forecast, by Material 6.1. Introduction and Definition 6.2. Key Findings 6.3. Global Luxury handbag Market Value Share Analysis, by Material 6.4. Market Size (US$ Mn) Forecast, by Material 6.5. Global Luxury handbag Market Analysis, by Material 6.6. Luxury handbag Market Attractiveness Analysis, by Material 7. Global Luxury handbag Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Global Luxury handbag Market Value Share Analysis, by Type 7.3. Market Size (US$ Mn) Forecast, by Type 7.4. Global Luxury handbag Market Analysis, by Type 7.5. Global Luxury handbag Market Attractiveness Analysis, by Type 8. Global Luxury handbag Market Analysis and Forecast, by Distribution channel 8.1. Introduction and Definition 8.2. Global Luxury handbag Market Value Share Analysis, by Distribution channel 8.3. Market Size (US$ Mn) Forecast, by Distribution channel 8.4. Global Luxury handbag Market Analysis, by Distribution channel 8.5. Global Luxury handbag Market Attractiveness Analysis, by Distribution channel 9. Global Luxury handbag Market Analysis, by Region 9.1. Global Luxury handbag Market Value Share Analysis, by Region 9.2. Market Size (US$ Mn) Forecast, by Region 9.3. Global Luxury handbag Market Attractiveness Analysis, by Region 10. North America Luxury handbag Market Analysis 10.1. Key Findings 10.2. North America Luxury handbag Market Overview 10.3. North America Luxury handbag Market Value Share Analysis, by Material 10.4. North America Luxury handbag Market Forecast, by Material 10.4.1. Cotton 10.4.2. Leather 10.4.3. Nylon 10.4.4. Synthetic 10.5. North America Luxury handbag Market Value Share Analysis, by Type 10.6. North America Luxury handbag Market Forecast, by Type 10.6.1. Handbag 10.6.2. Backpack 10.6.3. Wallet 10.7. North America Luxury handbag Market Value Share Analysis, by Distribution channel 10.8. North America Luxury handbag Market Forecast, by Distribution channel 10.8.1. Online 10.8.2. Offline 10.9. North America Luxury handbag Market Value Share Analysis, by Country 10.10. North America Luxury handbag Market Forecast, by Country 10.10.1. U.S. 10.10.2. Canada 10.11. North America Luxury handbag Market Analysis, by Country 10.12. U.S. Luxury handbag Market Forecast, by Material 10.12.1. Cotton 10.12.2. Leather 10.12.3. Nylon 10.12.4. Synthetic 10.13. U.S. Luxury handbag Market Forecast, by Type 10.13.1. Handbag 10.13.2. Backpack 10.13.3. Wallet 10.14. U.S. Luxury handbag Market Forecast, by Distribution channel 10.14.1. Online 10.14.2. Offline 10.15. Canada Luxury handbag Market Forecast, by Material 10.15.1. Cotton 10.15.2. Leather 10.15.3. Nylon 10.15.4. Synthetic 10.16. Canada Luxury handbag Market Forecast, by Type 10.16.1. Handbag 10.16.2. Backpack 10.16.3. Wallet 10.17. Canada Luxury handbag Market Forecast, by Distribution channel 10.17.1. Online 10.17.2. Offline 10.18. North America Luxury handbag Market Attractiveness Analysis 10.18.1. By Material 10.18.2. By Type 10.18.3. By Distribution channel 10.19. PEST Analysis 11. Europe Luxury handbag Market Analysis 11.1. Key Findings 11.2. Europe Luxury handbag Market Overview 11.3. Europe Luxury handbag Market Value Share Analysis, by Material 11.4. Europe Luxury handbag Market Forecast, by Material 11.4.1. Cotton 11.4.2. Leather 11.4.3. Nylon 11.4.4. Synthetic 11.5. Europe Luxury handbag Market Value Share Analysis, by Type 11.6. Europe Luxury handbag Market Forecast, by Type 11.6.1. Handbag 11.6.2. Backpack 11.6.3. Wallet 11.7. Europe Luxury handbag Market Value Share Analysis, by Distribution channel 11.8. Europe Luxury handbag Market Forecast, by Distribution channel 11.8.1. Online 11.8.2. Offline 11.9. Europe Luxury handbag Market Value Share Analysis, by Country 11.10. Europe Luxury handbag Market Forecast, by Country 11.10.1.1. Germany 11.10.1.2. U.K. 11.10.1.3. France 11.10.1.4. Italy 11.10.1.5. Spain 11.10.1.6. Rest of Europe 11.11. Europe Luxury handbag Market Analysis, by Country/ Sub-region 11.12. Germany Luxury handbag Market Forecast, by Material 11.12.1. Cotton 11.12.2. Leather 11.12.3. Nylon 11.12.4. Synthetic 11.13. Germany Luxury handbag Market Forecast, by Type 11.13.1. Handbag 11.13.2. Backpack 11.13.3. Wallet 11.14. Germany Luxury handbag Market Forecast, by Distribution channel 11.14.1. Online 11.14.2. Offline 11.15. U.K. Luxury handbag Market Forecast, by Material 11.15.1. Cotton 11.15.2. Leather 11.15.3. Nylon 11.15.4. Synthetic 11.16. U.K. Luxury handbag Market Forecast, by Type 11.16.1. Handbag 11.16.2. Backpack 11.16.3. Wallet 11.17. U.K. Luxury handbag Market Forecast, by Distribution channel 11.17.1. Online 11.17.2. Offline 11.18. France Luxury handbag Market Forecast, by Material 11.18.1. Cotton 11.18.2. Leather 11.18.3. Nylon 11.18.4. Synthetic 11.19. France Luxury handbag Market Forecast, by Type 11.19.1. Handbag 11.19.2. Backpack 11.19.3. Wallet 11.20. France Luxury handbag Market Forecast, by Distribution channel 11.20.1. Online 11.20.2. Offline 11.21. Italy Luxury handbag Market Forecast, by Material 11.21.1. Cotton 11.21.2. Leather 11.21.3. Nylon 11.21.4. Synthetic 11.22. Italy Luxury handbag Market Forecast, by Type 11.22.1. Handbag 11.22.2. Backpack 11.22.3. Wallet 11.23. Italy Luxury handbag Market Forecast, by Distribution channel 11.23.1. Online 11.23.2. Offline 11.24. Spain Luxury handbag Market Forecast, by Material 11.24.1. Cotton 11.24.2. Leather 11.24.3. Nylon 11.24.4. Synthetic 11.25. Spain Luxury handbag Market Forecast, by Type 11.25.1. Handbag 11.25.2. Backpack 11.25.3. Wallet 11.26. Spain Luxury handbag Market Forecast, by Distribution channel 11.26.1. Online 11.26.2. Offline 11.27. Rest of Europe Luxury handbag Market Forecast, by Material 11.27.1. Cotton 11.27.2. Leather 11.27.3. Nylon 11.27.4. Synthetic 11.28. Rest of Europe Luxury handbag Market Forecast, by Type 11.28.1. Handbag 11.28.2. Backpack 11.28.3. Wallet 11.29. Rest of Europe Luxury handbag Market Forecast, by Distribution channel 11.29.1. Online 11.29.2. Offline 11.30. Europe Luxury handbag Market Attractiveness Analysis 11.30.1. By Material 11.30.2. By Type 11.30.3. By Distribution channel 11.31. PEST Analysis 12. Asia Pacific Luxury handbag Market Analysis 12.1. Key Findings 12.2. Asia Pacific Luxury handbag Market Overview 12.3. Asia Pacific Luxury handbag Market Value Share Analysis, by Material 12.4. Asia Pacific Luxury handbag Market Forecast, by Material 12.4.1. Cotton 12.4.2. Leather 12.4.3. Nylon 12.4.4. Synthetic 12.5. Asia Pacific Luxury handbag Market Value Share Analysis, by Type 12.6. Asia Pacific Luxury handbag Market Forecast, by Type 12.6.1. Handbag 12.6.2. Backpack 12.6.3. Wallet 12.7. Asia Pacific Luxury handbag Market Value Share Analysis, by Distribution channel 12.8. Asia Pacific Luxury handbag Market Forecast, by Distribution channel 12.8.1. Online 12.8.2. Offline 12.9. Asia Pacific Luxury handbag Market Value Share Analysis, by Country 12.10. Asia Pacific Luxury handbag Market Forecast, by Country 12.10.1. China 12.10.2. India 12.10.3. Japan 12.10.4. ASEAN 12.10.5. Rest of Asia Pacific 12.11. Asia Pacific Luxury handbag Market Analysis, by Country/ Sub-region 12.12. China Luxury handbag Market Forecast, by Material 12.12.1. Cotton 12.12.2. Leather 12.12.3. Nylon 12.12.4. Synthetic 12.13. China Luxury handbag Market Forecast, by Type 12.13.1. Handbag 12.13.2. Backpack 12.13.3. Wallet 12.14. China Luxury handbag Market Forecast, by Distribution channel 12.14.1. Online 12.14.2. Offline 12.15. India Luxury handbag Market Forecast, by Material 12.15.1. Cotton 12.15.2. Leather 12.15.3. Nylon 12.15.4. Synthetic 12.16. India Luxury handbag Market Forecast, by Type 12.16.1. Handbag 12.16.2. Backpack 12.16.3. Wallet 12.17. India Luxury handbag Market Forecast, by Distribution channel 12.17.1. Online 12.17.2. Offline 12.18. Japan Luxury handbag Market Forecast, by Material 12.18.1. Cotton 12.18.2. Leather 12.18.3. Nylon 12.18.4. Synthetic 12.19. Japan Luxury handbag Market Forecast, by Type 12.19.1. Handbag 12.19.2. Backpack 12.19.3. Wallet 12.20. Japan Luxury handbag Market Forecast, by Distribution channel 12.20.1. Online 12.20.2. Offline 12.21. ASEAN Luxury handbag Market Forecast, by Material 12.21.1. Cotton 12.21.2. Leather 12.21.3. Nylon 12.21.4. Synthetic 12.22. ASEAN Luxury handbag Market Forecast, by Type 12.22.1. Handbag 12.22.2. Backpack 12.22.3. Wallet 12.23. ASEAN Luxury handbag Market Forecast, by Distribution channel 12.23.1. Online 12.23.2. Offline 12.24. Rest of Asia Pacific Luxury handbag Market Forecast, by Material 12.24.1. Cotton 12.24.2. Leather 12.24.3. Nylon 12.24.4. Synthetic 12.25. Rest of Asia Pacific Luxury handbag Market Forecast, by Type 12.25.1. Handbag 12.25.2. Backpack 12.25.3. Wallet 12.26. Rest of Asia Pacific Luxury handbag Market Forecast, by Distribution channel 12.26.1. Online 12.26.2. Offline 12.27. Asia Pacific Luxury handbag Market Attractiveness Analysis 12.27.1. By Material 12.27.2. By Type 12.27.3. By Distribution channel 12.28. PEST Analysis 13. Middle East & Africa Luxury handbag Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Luxury handbag Market Overview 13.3. Middle East & Africa Luxury handbag Market Value Share Analysis, by Material 13.4. Middle East & Africa Luxury handbag Market Forecast, by Material 13.4.1. Cotton 13.4.2. Leather 13.4.3. Nylon 13.4.4. Synthetic 13.5. Middle East & Africa Luxury handbag Market Value Share Analysis, by Type 13.6. Middle East & Africa Luxury handbag Market Forecast, by Type 13.6.1. Handbag 13.6.2. Backpack 13.6.3. Wallet 13.7. Middle East & Africa Luxury handbag Market Value Share Analysis, by Distribution channel 13.8. Middle East & Africa Luxury handbag Market Forecast, by Distribution channel 13.8.1. Online 13.8.2. Offline 13.9. Middle East & Africa Luxury handbag Market Value Share Analysis, by Country 13.10. Middle East & Africa Luxury handbag Market Forecast, by Country 13.10.1. GCC 13.10.2. South Africa 13.10.3. Rest of Middle East & Africa 13.11. Middle East & Africa Luxury handbag Market Analysis, by Country/ Sub-region 13.12. GCC Luxury handbag Market Forecast, by Material 13.12.1. Cotton 13.12.2. Leather 13.12.3. Nylon 13.12.4. Synthetic 13.13. GCC Luxury handbag Market Forecast, by Type 13.13.1. Handbag 13.13.2. Backpack 13.13.3. Wallet 13.14. GCC Luxury handbag Market Forecast, by Distribution channel 13.14.1. Online 13.14.2. Offline 13.15. South Africa Luxury handbag Market Forecast, by Material 13.15.1. Cotton 13.15.2. Leather 13.15.3. Nylon 13.15.4. Synthetic 13.16. South Africa Luxury handbag Market Forecast, by Type 13.16.1. Handbag 13.16.2. Backpack 13.16.3. Wallet 13.17. South Africa Luxury handbag Market Forecast, by Distribution channel 13.17.1. Online 13.17.2. Offline 13.18. Rest of Middle East & Africa Luxury handbag Market Forecast, by Material 13.18.1. Cotton 13.18.2. Leather 13.18.3. Nylon 13.18.4. Synthetic 13.19. Rest of Middle East & Africa Luxury handbag Market Forecast, by Type 13.19.1. Handbag 13.19.2. Backpack 13.19.3. Wallet 13.20. Rest of Middle East & Africa Luxury handbag Market Forecast, by Distribution channel 13.20.1. Online 13.20.2. Offline 13.21. Middle East & Africa Luxury handbag Market Attractiveness Analysis 13.21.1. By Material 13.21.2. By Type 13.21.3. By Distribution channel 13.22. PEST Analysis 14. Latin America Luxury handbag Market Analysis 14.1. Key Findings 14.2. Latin America Luxury handbag Market Overview 14.3. Latin America Luxury handbag Market Value Share Analysis, by Material 14.4. Latin America Luxury handbag Market Forecast, by Material 14.4.1. Cotton 14.4.2. Leather 14.4.3. Nylon 14.4.4. Synthetic 14.5. Latin America Luxury handbag Market Value Share Analysis, by Type 14.6. Latin America Luxury handbag Market Forecast, by Type 14.6.1. Handbag 14.6.2. Backpack 14.6.3. Wallet 14.7. Latin America Luxury handbag Market Value Share Analysis, by Distribution channel 14.8. Latin America Luxury handbag Market Forecast, by Distribution channel 14.8.1. Online 14.8.2. Offline 14.9. Latin America Luxury handbag Market Value Share Analysis, by Country 14.10. Latin America Luxury handbag Market Forecast, by Country 14.10.1. Brazil 14.10.2. Mexico 14.10.3. Rest of Latin America 14.11. Latin America Luxury handbag Market Analysis, by Country/ Sub-region 14.12. Brazil Luxury handbag Market Forecast, by Material 14.12.1. Cotton 14.12.2. Leather 14.12.3. Nylon 14.12.4. Synthetic 14.13. Brazil Luxury handbag Market Forecast, by Type 14.13.1. Handbag 14.13.2. Backpack 14.13.3. Wallet 14.14. Brazil Luxury handbag Market Forecast, by Distribution channel 14.14.1. Online 14.14.2. Offline 14.15. Mexico Luxury handbag Market Forecast, by Material 14.15.1. Cotton 14.15.2. Leather 14.15.3. Nylon 14.15.4. Synthetic 14.16. Mexico Luxury handbag Market Forecast, by Type 14.16.1. Handbag 14.16.2. Backpack 14.16.3. Wallet 14.17. Mexico Luxury handbag Market Forecast, by Distribution channel 14.17.1. Online 14.17.2. Offline 14.18. Rest of Latin America Luxury handbag Market Forecast, by Material 14.18.1. Cotton 14.18.2. Leather 14.18.3. Nylon 14.18.4. Synthetic 14.18.5. Rest of Latin America Luxury handbag Market Forecast, by Handbag 14.19. Wallet 14.19.1. Handbag 14.19.2. Backpack 14.20. Rest of Latin America Luxury handbag Market Forecast, by Distribution channel 14.20.1. Online 14.20.2. Offline 14.21. Latin America Luxury handbag Market Attractiveness Analysis 14.21.1. By Material 14.21.2. By Type 14.21.3. By Distribution channel 14.22. PEST Analysis 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.3. Company Profiles: Key Players 15.3.1. Wanlima 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Business Strategy 15.3.1.4. Recent Developments 15.3.1.5. Manufacturing Footprint 15.3.2. Phillip Lim 15.3.3. The Chanel 15.3.4. Givenchy 15.3.5. LV 15.3.6. Proenza 15.3.7. Alexander 15.3.8. Stella 15.3.9. Céline’s Phantom 15.3.10. Charlotte Olympia 15.3.11. Valentino 15.3.12. Mulberry 15.3.13. Longchamp 15.3.14. Hermès Kelly 15.3.15. Gucci 15.3.16. Burberry Group Plc. 15.3.17. Compagnie Financière Richemont SA. 15.3.18. Dolce & Gabbana Srl. 15.3.19. Hermès International. 15.3.20. Kering SA. 15.3.21. LVMH Moet Hennessy - Louis Vuitton. 15.3.22. PRADA Group. 15.3.23. Ralph Lauren Corp., 16. Primary Key Insights