North America Handbag Market Size & Outlook, 2021-2030
North America handbag market, 2017-2030 (US$M)
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North America handbag market highlights
- The North America handbag market generated a revenue of USD 15,466.3 million in 2021.
- The market is expected to grow at a CAGR of 5.2% 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, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 15,466.3 million |
| Market revenue in 2030 | USD 24,445.9 million |
| Growth rate | 5.2% (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, North America region accounted for 31.5% 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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North 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 41.31% in 2021. Horizon Databook has segmented the North America handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
The fashion industry's expanding influence over a wider population is expected to fuel the demand for handbags in the North American region, given the high discretionary wealth of people. Furthermore, clearance sales and Black Friday deals are popular in the U.S., with women, in particular, crowding to acquire accessories like purses.
During these events, international suppliers in the North American handbag market see a boost in sales. As a result, market growth is likely to be bolstered during the projection period due to the consistent appeal of accessories.
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Target buyers of North 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 North America handbag market , including forecasts for subscribers. This continent databook contains high-level insights into North America handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America handbag market size, by country, 2017-2030 (US$M)
North America Handbag Market Outlook Share, 2021 & 2030 (US$M)
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