Global Handbag Market Size & Outlook, 2021-2030
Global handbag market, 2017-2030 (US$M)
Related Markets
Global handbag market highlights
- The global handbag market generated a revenue of USD 49,115.0 million in 2021 and is expected to reach USD 81,786.3 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 5.8% by 2030.
- In terms of segment, tote bag accounted for a revenue of USD 20,351.4 million in 2021.
- Satchel is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 49,115.0 million |
| Market revenue in 2030 | USD 81,786.3 million |
| Growth rate | 5.8% (CAGR from 2021 to 2030) |
| Largest segment | Tote bag |
| Fastest growing segment | Satchel |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tote Bag, Clutch, Satchel |
Other key industry trends
- In terms of revenue, the North America accounted for 31.5% of the global handbag market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 2,205.9 million by 2030.
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Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global handbag market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to handbag market will help companies and investors design strategic landscapes.
Tote bag was the largest segment with a revenue share of 41.44% in 2021. Horizon Databook has segmented the Global handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Handbag Product Outlook (Revenue, USD Million, 2017-2030)
- Tote Bag
- Clutch
- Satchel
- Others
- Global Handbag Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Online
- Offline
- Global Handbag Material Outlook (Revenue, USD Million, 2017-2030)
- Leather
- Fabric
- Others
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Target buyers of Global handbag market databook
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Our clientele includes a mix of handbag market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global handbag market , including forecasts for subscribers. This global databook contains high-level insights into Global handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global handbag market size, by regions, 2017-2030 (US$M)
Top 10 countries: Handbag market size, 2021 (US$M)
Global handbag market share, by product, 2021 & 2030 (%, US$M)
Handbag market: Opportunity assessment by country
Global handbag market, by region, 2021 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 14,710.5 | 15,173.5 | 15,701.9 | 14,975.6 | 15,466.3 | 16,048.0 | 16,718.0 | 17,483.6 | 18,351.5 | 19,327.4 | 20,421.8 | 21,632.3 | 22,971.8 | 24,445.9 | 5.2% |
| Europe | 11,857.8 | 12,257.9 | 12,712.8 | 12,151.9 | 12,578.4 | 13,081.1 | 13,658.5 | 14,317.1 | 15,062.9 | 15,901.4 | 16,841.8 | 17,882.9 | 19,036.4 | 20,307.5 | 5.5% |
| Asia Pacific | 12,668.4 | 13,297.1 | 14,000.8 | 13,585.3 | 14,272.8 | 15,064.0 | 15,960.9 | 16,975.3 | 18,118.9 | 19,403.2 | 20,844.7 | 22,447.7 | 24,232.4 | 26,212.5 | 7.0% |
| Latin America | 4,337.9 | 4,457.1 | 4,594.3 | 4,364.3 | 4,489.1 | 4,638.8 | 4,812.4 | 5,011.5 | 5,237.6 | 5,492.0 | 5,777.3 | 6,092.1 | 6,439.7 | 6,821.0 | 4.8% |
| MEA | 2,108.5 | 2,197.0 | 2,296.6 | 2,212.6 | 2,308.4 | 2,419.6 | 2,546.4 | 2,690.2 | 2,852.6 | 3,035.2 | 3,239.9 | 3,467.3 | 3,719.8 | 3,999.4 | 6.3% |
| Overall | 45,683.1 | 47,382.5 | 49,306.3 | 47,289.6 | 49,115.0 | 51,251.5 | 53,696.2 | 56,477.7 | 59,623.5 | 63,159.1 | 67,125.5 | 71,522.3 | 76,400.1 | 81,786.3 | 5.8% |
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