Brazil Handbag Market Size & Outlook, 2021-2030
Brazil handbag market, 2017-2030 (US$M)
Related Markets
Brazil handbag market highlights
- The Brazil handbag market generated a revenue of USD 1,476.5 million in 2021 and is expected to reach USD 2,205.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% from 2022 to 2030.
- In terms of segment, tote bag was the largest revenue generating product in 2021.
- Satchel is the most lucrative product segment registering the fastest growth during the forecast period.
Handbag market data book summary
| Market revenue in 2021 | USD 1,476.5 million |
| Market revenue in 2030 | USD 2,205.9 million |
| Growth rate | 4.6% (CAGR from 2021 to 2030) |
| Largest segment | Tote bag |
| Fastest growing segment | Satchel |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tote Bag, Clutch, Satchel |
| Key market players worldwide | Lvmh Moet Hennessy Louis Vuitton SE, Hermes International SA, Capri Holdings Ltd, Fossil Group Inc, Kering SA, Prada SpA, Burberry Group PLC, Tapestry Inc, CHANEL, Compagnie Financiere Richemont SA Class A |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.0% of the global handbag market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil handbag market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,205.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 42.56% in 2021. Horizon Databook has segmented the Brazil handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing usage of handbags by working-class women in Brazil is projected to be a prominent factor driving market growth. Moreover, according to the data released by Trading Economics in September 2021, the labor force participation rate in Brazil increased to 61.9% in July-September.
Tote bags are one of the most popular handbag styles because they are highly adaptable. A tote can be as small as a fabric bag or as huge as a leather purse. Totes, like satchels, are more structured than hobos, but they're still built with a lot of room inside.
The classic ‘it bag’ is a lovely baguette bag. The little purse is designed to look like a loaf of bread and is adorable, casual, and carefree. A baguette bag has a short strap that makes it a proper handbag rather than a shoulder bag.
Reasons to subscribe to Brazil handbag market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Brazil handbag market databook
-
Our clientele includes a mix of handbag market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil handbag market , including forecasts for subscribers. This country databook contains high-level insights into Brazil handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil handbag market size, by product, 2017-2030 (US$M)
Brazil Handbag Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
