Europe Handbag Market Size & Outlook, 2021-2030
Europe handbag market, 2017-2030 (US$M)
Related Markets
Europe handbag market highlights
- The Europe handbag market generated a revenue of USD 12,578.4 million in 2021.
- The market is expected to grow at a CAGR of 5.5% 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.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 12,578.4 million |
| Market revenue in 2030 | USD 20,307.5 million |
| Growth rate | 5.5% (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 |
| 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, Europe region accounted for 25.6% of the global handbag market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 26,212.5 million by 2030.
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Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 40.68% in 2021. Horizon Databook has segmented the Europe handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
The handbag market in Europe is driven by a recovering economy, rising disposable income, and the growing per capita use of handbags. Apart from this, increasing opportunities to use a range of handbags and consumers' high demand for aesthetically appealing handbags are also contributing toward market growth.
Furthermore, domestic brands such as Louis Vuitton, Chanel, and Gucci possess a robust presence in the region and are continuously gaining traction among local customers. This has a positive impact on the regional market growth.
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Target buyers of Europe 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 continent-level data and insights on the Europe handbag market , including forecasts for subscribers. This continent databook contains high-level insights into Europe handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe handbag market size, by country, 2017-2030 (US$M)
Europe Handbag Market Outlook Share, 2021 & 2030 (US$M)
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