Latin America Handbag Market Size & Outlook, 2021-2030
Latin America handbag market, 2017-2030 (US$M)
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Latin America handbag market highlights
- The Latin America handbag market generated a revenue of USD 4,489.1 million in 2021.
- The market is expected to grow at a CAGR of 4.8% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 4,489.1 million |
| Market revenue in 2030 | USD 6,821.0 million |
| Growth rate | 4.8% (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, Latin America region accounted for 9.1% 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 |
|---|
Latin America 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 42.04% in 2021. Horizon Databook has segmented the Latin America handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
Influence of social media on modern lives and increasing smartphone usage feature prominently among the factors responsible for the rise in fashion consciousness. Also, the increase in consumer buying power, as well as the spread of online shopping portals, has boosted the demand for handbags in the Central & South America region.
The other handbags segment consists of duffle bags, hobo bags, shoulder bags and more. Hobo bag is one of the most popular handbag styles. Hobos, which are often larger in size, make it simple to transport everything from car keys to a water bottle and even an additional jacket.
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Target buyers of Latin America 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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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 continent-level data and insights on the Latin America handbag market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America handbag market size, by country, 2017-2030 (US$M)
Latin America Handbag Market Outlook Share, 2021 & 2030 (US$M)
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