China Handbag Market Size & Outlook, 2021-2030
China handbag market, 2017-2030 (US$M)
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China handbag market highlights
- The China handbag market generated a revenue of USD 3,969.3 million in 2021 and is expected to reach USD 7,077.4 million by 2030.
- The China market is expected to grow at a CAGR of 6.6% 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 3,969.3 million |
| Market revenue in 2030 | USD 7,077.4 million |
| Growth rate | 6.6% (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, China accounted for 8.1% 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 Asia Pacific, China handbag market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,116.7 million by 2030.
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Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 43.33% in 2021. Horizon Databook has segmented the China handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
China has seen exponential growth in terms of economic development and household consumption of consumer goods during the last decade. The rise in sales of luxury goods in China is expected to fuel the demand for handbags.Furthermore, varying categories expanded at different rates, with leather goods expanding at over 60% year over year, followed by fashion and lifestyle, which increased by roughly 40%. Such trends bode well for the growth of the handbags market in China.
Satchels are popular in China as satchels are the ideal handbag to carry a wide range of items on a daily basis, such as books, notebooks, laptops, phones, and other personal items. One of the advantages of a satchel is its range in terms of size, which can be conventional, large, or sleek, smaller ones. Aside from the size, the material that customers choose for satchels can also vary.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 China handbag market , including forecasts for subscribers. This country databook contains high-level insights into China handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China handbag market size, by product, 2017-2030 (US$M)
China Handbag Market Outlook Share, 2021 & 2030 (US$M)
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