Germany Handbag Market Size & Outlook, 2021-2030
Germany handbag market, 2017-2030 (US$M)
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Germany handbag market highlights
- The Germany handbag market generated a revenue of USD 3,180.1 million in 2021 and is expected to reach USD 4,995.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.1% 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 3,180.1 million |
| Market revenue in 2030 | USD 4,995.7 million |
| Growth rate | 5.1% (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, Germany accounted for 6.5% 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 Europe, Germany handbag market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 3,399.5 million by 2030.
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Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 40.42% in 2021. Horizon Databook has segmented the Germany handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
The handbags market in Germany has been fueled by the rising purchasing power of consumers and the growth of online shopping platforms. Furthermore, growing fashion consciousness and expenditure on accessories has been identified as a crucial factor driving the market for handbags. According to data released by Trading Economics in September 2021, the disposable personal income in Germany increased.
Shoulder bags are extremely popular among consumers in Germany since they are lightweight, provide a hands-free experience, and are trendy. The straps in shoulder bags can be thin, wide, long, or short and are designed to allow for hands-free transport. Although various other types of bags come with straps, some of them are meant to be held by hand, under the arm, on the wrist, or in several other ways.
This is one of the key features that sets shoulder bags apart from other handbag styles. Clutch bags are available in a variety of styles and fabrics and are often preferred by girls and women who wish to go out with just a few essential belongings. These bags are the ideal accessory for parties, dates, and night outs and come in bright and trendy styles to suit various outfits.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany handbag market , including forecasts for subscribers. This country databook contains high-level insights into Germany handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany handbag market size, by product, 2017-2030 (US$M)
Germany Handbag Market Outlook Share, 2021 & 2030 (US$M)
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