U.S. Handbag Market Size & Outlook, 2021-2030
U.S. handbag market, 2017-2030 (US$M)
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U.S. handbag market highlights
- The U.S. handbag market generated a revenue of USD 12,626.7 million in 2021 and is expected to reach USD 19,957.6 million by 2030.
- The U.S. 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.
Handbag market data book summary
| Market revenue in 2021 | USD 12,626.7 million |
| Market revenue in 2030 | USD 19,957.6 million |
| Growth rate | 5.2% (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, U.S. accounted for 25.7% 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 North America, U.S. handbag market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 19,957.6 million by 2030.
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Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 41.33% in 2021. Horizon Databook has segmented the U.S. handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing usage of handbags by working-class women is projected to be a prominent trend in the market. Furthermore, the product's demand in the U.S. has been fueled by the tremendous rise of the corporate and organized sectors. The applications of tote bags are increasing. For instance, beach bags, work bags, office bags, school bags, gym bags, shopping bags, laptop bags, and baby bags are all possibilities.
Totes have become a popular alternative to plastic bags. A reusable tote bag is no longer limited to supermarket shopping. These can now be employed in a variety of situations in daily life. Tote bags are fashionable, long lasting, and easy to carry. They can also sustain a significant amount of weight.
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Our clientele includes a mix of handbag market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. handbag market , including forecasts for subscribers. This country databook contains high-level insights into U.S. handbag market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. handbag market size, by product, 2017-2030 (US$M)
U.S. Handbag Market Outlook Share, 2021 & 2030 (US$M)
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