by The luxury handbags market size is poised to grow by USD 57.28 billion by 2033 from USD 31.87 billion in 2023, exhibiting a CAGR of 6.05% during the forecast period 2024 to 2033.
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.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Luxury handbags market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Luxury handbags Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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The empirical study on the global Luxury handbags market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Luxury handbags Market. Our market report for the Luxury handbags market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
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)
Data Sources and Methodology
To gather comprehensive insights on the Global Luxury handbags Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Luxury handbags Market.
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The most resonating, simple, genuine, and important causes because of which you must decide to buy the Luxury handbags market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
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
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Luxury handbags market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Luxury handbags market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Luxury handbags market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Luxury handbags market but also the strategic plans of industry leaders.
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
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