
Europe Handbags Market Report and Forecast 2025-2034
Description
The Europe handbags market reached around USD 17.02 Billion in 2024. The market is projected to grow at a CAGR of 5.80% between 2025 and 2034 to reach nearly USD 29.91 Billion2024 by 2034.
Europe Handbags Market Growth
Greece has emerged as a prominent market for luxury goods within Europe due to the expansion of retail stores and the growth of the tourism industry. In 2022, net sales of personal luxury goods in Greece recorded a year-on-year growth of 36.1%, reaching EUR 509.8 million. Between 2018-2022, net sales of luxury goods brands have grown at a CAGR of 13.2%. The ROCE (return on capital employed) of personal luxury products in Greece has increased at a CAGR of 8.7% between 2018 and 2022, while recording the highest year-on-year growth of 32% in 2021 between 2021 and 2022, reaching 29.4%. In 2022, the number of international travellers in Greece surged by 89.3% year-on-year, which led to the growth of retail sales of luxury goods. These trends are expected to influence the market for handbags in Europe in the coming years.
Rising smartphone penetration and internet accessibility rates have contributed to the growth of handbag sales in Europe on online platforms. Western European countries such as France, Germany, and the United Kingdom command a 67% share in the total turnover achieved through e-commerce sales while contributing 5.2% to Europe’s e-GDP in 2023. Cyprus, Greece, Italy, and other southern European countries occupy a 16% share in total turnover. However, eastern regions of Europe are witnessing the fastest rate of growth in total turnover, which is expected to contribute to the increased sales of handbags in Europe.
Europe Handbags Industry Segmentation
Europe Handbags Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Raw Material
Leather
Fabric
Others
Market Breakup by Product Type
Satchel
Bucket Bag
Clutch
Tote Bag
Others
Market Breakup by Category
Mass
Premium
Market Breakup by Distribution Channel
Online
Offline
Market Breakup by Country
United Kingdom
Germany
France
Italy
Others
Europe Handbags Market Share
Based on country, the market is segmented into the United Kingdom, Germany, France, and Italy, among others. Over the forecast period, Germany is expected to grow at a CAGR of 6.6% due to the introduction of unique designer handbags.
Leading Companies in the Europe Handbags Market
Experiential retail has transformed the product purchasing journey for handbag consumers by allowing them to know the unique craftsmanship and heritage of each product. This boosts the functional and social value of each handbag and enables brands to strategically differentiate themselves from their competitors.
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
Europe Handbags Market Growth
Greece has emerged as a prominent market for luxury goods within Europe due to the expansion of retail stores and the growth of the tourism industry. In 2022, net sales of personal luxury goods in Greece recorded a year-on-year growth of 36.1%, reaching EUR 509.8 million. Between 2018-2022, net sales of luxury goods brands have grown at a CAGR of 13.2%. The ROCE (return on capital employed) of personal luxury products in Greece has increased at a CAGR of 8.7% between 2018 and 2022, while recording the highest year-on-year growth of 32% in 2021 between 2021 and 2022, reaching 29.4%. In 2022, the number of international travellers in Greece surged by 89.3% year-on-year, which led to the growth of retail sales of luxury goods. These trends are expected to influence the market for handbags in Europe in the coming years.
Rising smartphone penetration and internet accessibility rates have contributed to the growth of handbag sales in Europe on online platforms. Western European countries such as France, Germany, and the United Kingdom command a 67% share in the total turnover achieved through e-commerce sales while contributing 5.2% to Europe’s e-GDP in 2023. Cyprus, Greece, Italy, and other southern European countries occupy a 16% share in total turnover. However, eastern regions of Europe are witnessing the fastest rate of growth in total turnover, which is expected to contribute to the increased sales of handbags in Europe.
Europe Handbags Industry Segmentation
Europe Handbags Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Raw Material
Leather
Fabric
Others
Market Breakup by Product Type
Satchel
Bucket Bag
Clutch
Tote Bag
Others
Market Breakup by Category
Mass
Premium
Market Breakup by Distribution Channel
Online
Offline
Market Breakup by Country
United Kingdom
Germany
France
Italy
Others
Europe Handbags Market Share
Based on country, the market is segmented into the United Kingdom, Germany, France, and Italy, among others. Over the forecast period, Germany is expected to grow at a CAGR of 6.6% due to the introduction of unique designer handbags.
Leading Companies in the Europe Handbags Market
Experiential retail has transformed the product purchasing journey for handbag consumers by allowing them to know the unique craftsmanship and heritage of each product. This boosts the functional and social value of each handbag and enables brands to strategically differentiate themselves from their competitors.
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
Table of Contents
124 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(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 (2018-2024)
- 5.3 Global Handbags Market Forecast (2025-2034)
- 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 Europe Handbags Market Overview
- 6.1 Key Industry Highlights
- 6.2 Europe Handbags Historical Market (2018-2024)
- 6.3 Europe Handbags Market Forecast (2025-2034)
- 7 Europe Handbags Market by Raw Material
- 7.1 Leather
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Fabric
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Others
- 8 Europe Handbags Market by Product Type
- 8.1 Satchel
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Bucket Bag
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Clutch
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Tote Bag
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Europe Handbags Market by Category
- 9.1 Mass
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Premium
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Europe Handbags Market by Distribution Channel
- 10.1 Online
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Offline
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Europe Handbags Market by Country
- 11.1 United Kingdom
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Germany
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.3 France
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.4 Italy
- 11.4.1 Historical Trend (2018-2024)
- 11.4.2 Forecast Trend (2025-2034)
- 11.5 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
- 14.5.10 Furla S.p.A.
- 14.5.10.1 Company Overview
- 14.5.10.2 Product Portfolio
- 14.5.10.3 Demographic Reach and Achievements
- 14.5.10.4 Certifications
- 14.5.11 Others
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