India Handbag Market Size & Outlook, 2021-2030
India handbag market, 2017-2030 (US$M)
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India handbag market highlights
- The India handbag market generated a revenue of USD 1,577.1 million in 2021 and is expected to reach USD 3,116.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% 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 1,577.1 million |
| Market revenue in 2030 | USD 3,116.7 million |
| Growth rate | 7.9% (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, India accounted for 3.2% 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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India 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 33.56% in 2021. Horizon Databook has segmented the India handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
Factors such as increasing disposable income, improving quality of life, and rising expansion of companies selling clothing and accessories in the country have been driving the handbag market over the past few years and will continue to do so throughout the forecast period. Consumers in the country have been showing a growing inclination for fashionable.
The demand for various handbags is due to the presence of established players in India, like Da Milano, Baggit, Caprese, Hidesign, Lavie, Ladida, and The House of Tara. For instance, Da Milano is one of the top handbag brands in India at present, with more than six decades of experience in the leather goods industry and products that feature cutting-edge technology, innovation, and timeless sophistication.
The brand also sells travel bags, portfolio bags, wallets, and other accessories in addition to handbags. As of 2020, Da Milano maintained 44 self-operated retail locations in 10 cities across India, with aspirations to expand to 100 retail outlets in more than 34 cities in the next five years.
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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 country-level data and insights on the India handbag market , including forecasts for subscribers. This country databook contains high-level insights into India handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India handbag market size, by product, 2017-2030 (US$M)
India Handbag Market Outlook Share, 2021 & 2030 (US$M)
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