Luxury Handbags Market Size to Attain USD 57.28 Bn by 2033

According to a recent research report titled “Luxury Handbags Market (By Product: Handbags, Backpacks, Wallets, Others (Clutches, Laptop Bags, Messenger Bags, etc.); By Material: Nylon, Leather, Cotton, Synthetic; By End-user: Men, Women; By Distribution Channel: Online, Offline) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033″ published by Precedence Research, the global luxury handbags market size is projected to touch around USD 57.28 billion by 2033 and growing at a CAGR of 6.05% over the forecast period 2024 to 2033. This comprehensive study examines various factors and their impact on the growth of the luxury handbags market.

Key Points

• Europe led the market with the biggest market share of 36% in 2023.
• Asia-Pacific is estimated to expand at the fastest CAGR during the forecast period.
• By product, the handbags segment dominated the market in 2023.
• By product, the backpack segment is observed to witness the fastest rate of expansion during the forecast period of 2024-2033.
• By material, the leather segment registered a maximum market share of 40% in 2023.
• By material, the synthetic segment is observed to expand at a rapid pace during the forecast period.
• By end-user, the women segment dominated the market in 2023.
• By distribution channel, the offline segment dominated the market in 2023.
• By distribution channel, the online segment is observed to expand.

The report primarily focuses on the volume and value of the luxury handbags market at the global, regional, and company levels. At the global level, the report analyzes historical data and future prospects to present an overview of the overall market size. Regionally, the study emphasizes key regions such as North America, Europe, the Middle East & Africa, Latin America, and others.

Furthermore, the research report provides specific segmentations based on regions (countries), companies, and all market segments. This analysis offers insights into the growth and revenue trends during the historical period of 2017 to 2032, as well as the projected period. By understanding these segments, it becomes possible to identify the significance of different factors that contribute to market growth.

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The research also highlights significant progressions in both organic and inorganic growth strategies within the global luxury handbags market. Numerous companies are placing emphasis on new product launches, gaining product approvals, and implementing various business expansion tactics. Moreover, the report presents detailed profiles of firms operating in the luxury handbags market, along with their respective market strategies. Additionally, the study concentrates on prominent industry participants, furnishing details such as company profiles, product offerings, financial updates, and noteworthy advancements.

Luxury Handbags Market Scope

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Major Key Points Covered in Report:

Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.

Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Market Key Players

The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the luxury handbags market.

Luxury Handbags Market Companies

• Furla S.p.A.
• GANNI A/S
• Giorgio Armani S.p.A. (Armani)
• Loeffler Randall
• LVMH Moet Hennessy Louis Vuitton SE
• Macy’s Inc.
• MAUS Freres SA (The Lacoste Group)
• Michael Kors Holdings Limited
• MILLY NY
• Tapestry, Inc. (Coach, Inc.)
• PVH Corp. (Calvin Klein)

Segments Covered in the Report

By Product

• Handbags
  • Shoulder Bags
  • Satchel Bags
  • Handheld Bags
  • Sling Bags
  • Tote Bags
  • Hobo Bags
  • Others (Duffle Bags, Fanny/Waist Packs. etc.)
• Backpacks
• Wallets
• Others (Clutches, Laptop Bags, Messenger Bags, etc.)

By Material

• Nylon
• Leather
• Cotton
• Synthetic

By End-user

• Men
• Women

By Distribution Channel

• Online
  • Company-owned Websites
  • E-commerce Websites
• Offline
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Others (Small Retailers, etc.)

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Luxury Handbags Market 

5.1. COVID-19 Landscape: Luxury Handbags Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Luxury Handbags Market, By Product

8.1. Luxury Handbags Market Revenue and Volume Forecast, by Product, 2024-2033

8.1.1. Handbags

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Backpacks

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Wallets

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Others (Clutches, Laptop Bags, Messenger Bags, etc.)

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Luxury Handbags Market, By Material

9.1. Luxury Handbags Market Revenue and Volume Forecast, by Material, 2024-2033

9.1.1. Nylon

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Leather

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Cotton

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Synthetic

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Luxury Handbags Market, By End-user 

10.1. Luxury Handbags Market Revenue and Volume Forecast, by End-user, 2024-2033

10.1.1. Men

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Women

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Luxury Handbags Market, By Distribution Channel 

11.1. Luxury Handbags Market Revenue and Volume Forecast, by Distribution Channel, 2024-2033

11.1.1. Online

11.1.1.1. Market Revenue and Volume Forecast (2021-2033)

11.1.2. Offline

11.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 12. Global Luxury Handbags Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.1.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.1.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.1.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.1.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.1.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.1.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.7.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.8.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.2.8.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.2.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.7.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.8.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.3.8.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.3.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.7.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.7.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.8.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.4.8.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.4.8.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.5.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.5.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.5.5.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.6.2. Market Revenue and Volume Forecast, by Material (2021-2033)

12.5.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

12.5.6.4. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

Chapter 13. Company Profiles

13.1. Furla S.p.A.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. GANNI A/S

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Giorgio Armani S.p.A. (Armani)

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Loeffler Randall

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. LVMH Moet Hennessy Louis Vuitton SE

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Macy’s Inc.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. MAUS Freres SA (The Lacoste Group)

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Michael Kors Holdings Limited

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. MILLY NY

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Tapestry, Inc. (Coach, Inc.)

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Why should you invest in this report?

This report presents a compelling investment opportunity for those interested in the global luxury handbags market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for luxury handbags. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2023-2030. Armed with this knowledge, you can strategically plan your market entry approaches.

Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.

Some of the key questions answered in this report:       

• What is the size of the overall Luxury handbags market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities and challenges of the Luxury handbags market and how they are expected to impact the market?
• What are the attractive investment opportunities within the Luxury handbags market?
• What is the Luxury handbags market size at the regional and country-level?
• Who are the key market players and their key competitors?
• What are the strategies for growth adopted by the key players in Luxury handbags market?
• What are the recent trends in Luxury handbags market? (M&A, partnerships, new product developments, expansions)?
• What are the challenges to the Luxury handbags market growth?
• What are the key market trends impacting the growth of Luxury handbags market?

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