Asia Pacific Handbags Market Report and Forecast 2025-2034
Description
Asia Pacific Handbags Market Report and Forecast 2025-2034
Market Outlook
According to the report by Expert Market Research (EMR), the Asia Pacific handbags market size reached a value of nearly USD 30.18 billion in 2024. Aided by evolving fashion trends and increasing consumer preference for premium accessories, the market is projected to grow at a CAGR of 7.4% between 2025 and 2034 to reach a value of around USD 60.9 billion by 2034.
Handbags serve as both functional and fashion-forward accessories, widely used for carrying essentials while making a style statement. Available in various styles, including totes, clutches, satchels, and backpacks, handbags cater to diverse consumer preferences. The increasing disposable income and shifting lifestyle trends are favourably shaping the Asia Pacific handbags market dynamics. The growing participation of consumers in professional and social events has further fuelled the preference for premium handbags, boosting the market growth.
The increasing influence of social media and celebrity endorsements is a key factor driving the market growth. Consumers are increasingly drawn to global fashion trends, leading to a rise in the demand for high-end handbags from luxury brands. Additionally, the emergence of digital marketing and e-commerce platforms has made premium handbags more accessible to consumers, contributing to the Asia Pacific handbags market growth.
The rapid urbanisation in the region has contributed to the growth of the market. With more women joining the workforce, the demand for stylish yet practical handbags, such as tote bags and crossbody bags, has witnessed a significant rise. Moreover, the increasing trend of customisation and personalisation has encouraged brands to introduce unique handbag designs that cater to individual tastes.
Another factor boosting the Asia Pacific handbags market revenue is the rising disposable income of consumers, particularly in emerging economies like China, India, and Indonesia. As purchasing power increases, there is a growing inclination toward luxury goods, including branded handbags, which are considered symbols of status and sophistication.
Sustainability is one of the key Asia Pacific handbags market trends. With rising environmental consciousness, consumers are seeking eco-friendly handbags made from sustainable materials like vegan leather, organic cotton, and recycled fabrics. Leading brands are responding to this demand by incorporating sustainable practices into their production processes, thereby attracting environmentally conscious consumers.
The proliferation of e-commerce has further accelerated the Asia Pacific handbags market development. Online platforms offer a wide variety of handbags at competitive prices, making them accessible to a broader consumer base. Exclusive online discounts, virtual try-on features, and convenient return policies have enhanced the overall shopping experience, encouraging more consumers to purchase handbags through digital channels.
China is expected to dominate the Asia Pacific handbags market share, driven by its large consumer base, rising disposable incomes, and growing demand for luxury and branded handbags. The increasing influence of fashion trends, urbanisation, and the expansion of e-commerce platforms further contribute to market growth. Additionally, the presence of both international luxury brands and local manufacturers offering diverse products at various price points supports China's leading position. The country's strong manufacturing capabilities and innovation in design also attract consumers, solidifying its role as the dominant market in the Asia Pacific region.
The Asia Pacific handbags market is highly competitive, with several international and regional brands vying for market share. Leading luxury brands such as Louis Vuitton, Gucci, and Prada continue to dominate the high-end segment, while emerging regional players cater to the growing demand for affordable yet stylish handbags.
Companies are investing in innovative designs, high-quality materials, and advanced marketing strategies to strengthen their market presence. The increasing focus on sustainability is also pushing brands to explore eco-friendly materials and ethical production methods to attract a broader consumer base.
With evolving consumer preferences and technological advancements in manufacturing, the Asia Pacific handbags market value is set for steady surge, driven by innovation, sustainability, and expanding digital sales channels.
Market Segmentation
The market can be divided based on raw material, product type, category, distribution channel, and country.
Market Breakup by Raw Material
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific handbags market. Some of the major players explored in the report by Expert Market Research are as follows:
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Market Outlook
According to the report by Expert Market Research (EMR), the Asia Pacific handbags market size reached a value of nearly USD 30.18 billion in 2024. Aided by evolving fashion trends and increasing consumer preference for premium accessories, the market is projected to grow at a CAGR of 7.4% between 2025 and 2034 to reach a value of around USD 60.9 billion by 2034.
Handbags serve as both functional and fashion-forward accessories, widely used for carrying essentials while making a style statement. Available in various styles, including totes, clutches, satchels, and backpacks, handbags cater to diverse consumer preferences. The increasing disposable income and shifting lifestyle trends are favourably shaping the Asia Pacific handbags market dynamics. The growing participation of consumers in professional and social events has further fuelled the preference for premium handbags, boosting the market growth.
The increasing influence of social media and celebrity endorsements is a key factor driving the market growth. Consumers are increasingly drawn to global fashion trends, leading to a rise in the demand for high-end handbags from luxury brands. Additionally, the emergence of digital marketing and e-commerce platforms has made premium handbags more accessible to consumers, contributing to the Asia Pacific handbags market growth.
The rapid urbanisation in the region has contributed to the growth of the market. With more women joining the workforce, the demand for stylish yet practical handbags, such as tote bags and crossbody bags, has witnessed a significant rise. Moreover, the increasing trend of customisation and personalisation has encouraged brands to introduce unique handbag designs that cater to individual tastes.
Another factor boosting the Asia Pacific handbags market revenue is the rising disposable income of consumers, particularly in emerging economies like China, India, and Indonesia. As purchasing power increases, there is a growing inclination toward luxury goods, including branded handbags, which are considered symbols of status and sophistication.
Sustainability is one of the key Asia Pacific handbags market trends. With rising environmental consciousness, consumers are seeking eco-friendly handbags made from sustainable materials like vegan leather, organic cotton, and recycled fabrics. Leading brands are responding to this demand by incorporating sustainable practices into their production processes, thereby attracting environmentally conscious consumers.
The proliferation of e-commerce has further accelerated the Asia Pacific handbags market development. Online platforms offer a wide variety of handbags at competitive prices, making them accessible to a broader consumer base. Exclusive online discounts, virtual try-on features, and convenient return policies have enhanced the overall shopping experience, encouraging more consumers to purchase handbags through digital channels.
China is expected to dominate the Asia Pacific handbags market share, driven by its large consumer base, rising disposable incomes, and growing demand for luxury and branded handbags. The increasing influence of fashion trends, urbanisation, and the expansion of e-commerce platforms further contribute to market growth. Additionally, the presence of both international luxury brands and local manufacturers offering diverse products at various price points supports China's leading position. The country's strong manufacturing capabilities and innovation in design also attract consumers, solidifying its role as the dominant market in the Asia Pacific region.
The Asia Pacific handbags market is highly competitive, with several international and regional brands vying for market share. Leading luxury brands such as Louis Vuitton, Gucci, and Prada continue to dominate the high-end segment, while emerging regional players cater to the growing demand for affordable yet stylish handbags.
Companies are investing in innovative designs, high-quality materials, and advanced marketing strategies to strengthen their market presence. The increasing focus on sustainability is also pushing brands to explore eco-friendly materials and ethical production methods to attract a broader consumer base.
With evolving consumer preferences and technological advancements in manufacturing, the Asia Pacific handbags market value is set for steady surge, driven by innovation, sustainability, and expanding digital sales channels.
Market Segmentation
The market can be divided based on raw material, product type, category, distribution channel, and country.
Market Breakup by Raw Material
- Leather
- Fabric
- Others
- Satchel
- Bucket Bag
- Clutch
- Tote Bag
- Others
- Mass
- Premium
- Online
- Offline
- China
- Japan
- India
- ASEAN
- Australia
- Others
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific handbags market. Some of the major players explored in the report by Expert Market Research are as follows:
- Burberry Group Plc
- Fossil Group Inc.
- LVMH Moet Hennessy Louis Vuitton SE
- Prada Holding S.p.A.
- Kering S.A.
- Hermes International S.A.
- Chanel S.A.
- Tapestry Inc.
- Capri Holdings Limited
- Furla S.p.A.
- Others
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
138 Pages
- 1 Executive Summary
- 1.1 Market Size 224-225
- 1.2 Market Growth 225(F)-234(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Handbags Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Handbags Historical Market (218-224)
- 5.3 Global Handbags Market Forecast (225-234)
- 5.4 Global Handbags Market Breakup by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Asia Pacific Handbags Market Overview
- 6.1 Key Industry Highlights
- 6.2 Asia Pacific Handbags Historical Market (218-224)
- 6.3 Asia Pacific Handbags Market Forecast (225-234)
- 7 Asia Pacific Handbags Market by Raw Material
- 7.1 Leather
- 7.1.1 Historical Trend (218-224)
- 7.1.2 Forecast Trend (225-234)
- 7.2 Fabric
- 7.2.1 Historical Trend (218-224)
- 7.2.2 Forecast Trend (225-234)
- 7.3 Others
- 8 Asia Pacific Handbags Market by Product Type
- 8.1 Satchel
- 8.1.1 Historical Trend (218-224)
- 8.1.2 Forecast Trend (225-234)
- 8.2 Bucket Bag
- 8.2.1 Historical Trend (218-224)
- 8.2.2 Forecast Trend (225-234)
- 8.3 Clutch
- 8.3.1 Historical Trend (218-224)
- 8.3.2 Forecast Trend (225-234)
- 8.4 Tote Bag
- 8.4.1 Historical Trend (218-224)
- 8.4.2 Forecast Trend (225-234)
- 8.5 Others
- 9 Asia Pacific Handbags Market by Category
- 9.1 Mass
- 9.1.1 Historical Trend (218-224)
- 9.1.2 Forecast Trend (225-234)
- 9.2 Premium
- 9.2.1 Historical Trend (218-224)
- 9.2.2 Forecast Trend (225-234)
- 1 Asia Pacific Handbags Market by Distribution Channel
- 1.1 Online
- 1.1.1 Historical Trend (218-2024)
- 1.1.2 Forecast Trend (225-2034)
- 1.2 Offline
- 1.2.1 Historical Trend (218-2024)
- 1.2.2 Forecast Trend (225-2034)
- 11 Asia Pacific Handbags Market by Country
- 11.1 China
- 11.1.1 Historical Trend (218-224)
- 11.1.2 Forecast Trend (225-234)
- 11.2 Japan
- 11.2.1 Historical Trend (218-224)
- 11.2.2 Forecast Trend (225-234)
- 11.3 India
- 11.3.1 Historical Trend (218-224)
- 11.3.2 Forecast Trend (225-234)
- 11.4 ASEAN
- 11.4.1 Historical Trend (218-224)
- 11.4.2 Forecast Trend (225-234)
- 11.5 Australia
- 11.5.1 Historical Trend (218-224)
- 11.5.2 Forecast Trend (225-234)
- 11.6 Others
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators for Demand
- 12.4 Key Indicators for Price
- 13 Value Chain Analysis
- 14 Competitive Landscape
- 14.1 Supplier Selection
- 14.2 Key Global Players
- 14.3 Key Regional Players
- 14.4 Key Player Strategies
- 14.5 Company Profiles
- 14.5.1 Burberry Group Plc
- 14.5.1.1 Company Overview
- 14.5.1.2 Product Portfolio
- 14.5.1.3 Demographic Reach and Achievements
- 14.5.1.4 Certifications
- 14.5.2 Fossil Group Inc.
- 14.5.2.1 Company Overview
- 14.5.2.2 Product Portfolio
- 14.5.2.3 Demographic Reach and Achievements
- 14.5.2.4 Certifications
- 14.5.3 LVMH Moet Hennessy Louis Vuitton SE
- 14.5.3.1 Company Overview
- 14.5.3.2 Product Portfolio
- 14.5.3.3 Demographic Reach and Achievements
- 14.5.3.4 Certifications
- 14.5.4 Prada Holding S.p.A.
- 14.5.4.1 Company Overview
- 14.5.4.2 Product Portfolio
- 14.5.4.3 Demographic Reach and Achievements
- 14.5.4.4 Certifications
- 14.5.5 Kering S.A.
- 14.5.5.1 Company Overview
- 14.5.5.2 Product Portfolio
- 14.5.5.3 Demographic Reach and Achievements
- 14.5.5.4 Certifications
- 14.5.6 Hermes International S.A.
- 14.5.6.1 Company Overview
- 14.5.6.2 Product Portfolio
- 14.5.6.3 Demographic Reach and Achievements
- 14.5.6.4 Certifications
- 14.5.7 Chanel S.A.
- 14.5.7.1 Company Overview
- 14.5.7.2 Product Portfolio
- 14.5.7.3 Demographic Reach and Achievements
- 14.5.7.4 Certifications
- 14.5.8 Tapestry Inc.
- 14.5.8.1 Company Overview
- 14.5.8.2 Product Portfolio
- 14.5.8.3 Demographic Reach and Achievements
- 14.5.8.4 Certifications
- 14.5.9 Capri Holdings Limited
- 14.5.9.1 Company Overview
- 14.5.9.2 Product Portfolio
- 14.5.9.3 Demographic Reach and Achievements
- 14.5.9.4 Certifications
- 14.5.1 Furla S.p.A.
- 14.5.1.1 Company Overview
- 14.5.1.2 Product Portfolio
- 14.5.1.3 Demographic Reach and Achievements
- 14.5.1.4 Certifications
- 14.5.11 Others
Pricing
Currency Rates
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