UK Handbag Market Size & Outlook, 2021-2030
UK handbag market, 2017-2030 (US$M)
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UK handbag market highlights
- The UK handbag market generated a revenue of USD 2,022.6 million in 2021 and is expected to reach USD 3,399.5 million by 2030.
- The UK market is expected to grow at a CAGR of 5.9% 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 2,022.6 million |
| Market revenue in 2030 | USD 3,399.5 million |
| Growth rate | 5.9% (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, UK accounted for 4.1% 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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UK 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 40.16% in 2021. Horizon Databook has segmented the UK handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for the handbags in the U.K. is being driven by a growing female workforce and increased brand awareness. The expanding availability of designer bags in various styles has upped the demand for handbags in recent years. Growing participation of women in the workforce translates to higher disposable income and an increasing need for the right handbag that is suited for the workplace.
Many players in the handbag market are opening their flagship stores in the U.K. to expand their footprint in the country. For instance, in July 2021, Burberry Group Plc, a global luxury brand, opened its flagship store in London. The distinctive Burberry trench coat is shown in a designated space on the ground floor, together with essential bag styles such as the
Olympia Bag, the Pocket Bag, and the TB Bag, as well as a range of small leather items for men and women, such as wallets, card cases, belts, and pouches. The first floor is dedicated to womenswear, while the second floor is dedicated to menswear, with ready-to-wear, accessories, and shoes assortments.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK handbag market , including forecasts for subscribers. This country databook contains high-level insights into UK handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK handbag market size, by product, 2017-2030 (US$M)
UK Handbag Market Outlook Share, 2021 & 2030 (US$M)
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