Men`s Luxury Bags

Global Men`s Luxury Bags Market to Reach US$28.2 Billion by 2030

The global market for Men`s Luxury Bags estimated at US$22.3 Billion in the year 2024, is expected to reach US$28.2 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2024-2030. Backpack, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$7.7 Billion by the end of the analysis period. Growth in the Messenger bags segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.1 Billion While China is Forecast to Grow at 7.5% CAGR

The Men`s Luxury Bags market in the U.S. is estimated at US$6.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Global Men`s Luxury Bag Market – Key Trends & Growth Drivers Summarized

Why Is the Men’s Luxury Bag Market Expanding Rapidly?

The men’s luxury bag market has evolved significantly in recent years, driven by changing fashion norms, increased disposable incomes, and the growing acceptance of high-end accessories for men. Once dominated by briefcases and messenger bags, the luxury segment has expanded to include crossbody bags, tote bags, leather backpacks, duffel bags, and statement clutches, reflecting a shift toward functional yet stylish carry options. The rise of gender-neutral fashion, streetwear luxury, and designer collaborations has further contributed to the mainstream adoption of high-end bags among male consumers. Additionally, with the growth of digital nomad lifestyles and the increasing importance of work-travel balance, there is a growing demand for premium bags that seamlessly blend sophistication, durability, and utility. Luxury brands are capitalizing on this trend by introducing exclusive, limited-edition collections, personalized monogramming services, and high-tech smart bags equipped with charging ports, GPS tracking, and RFID protection.

How Are Innovations and Design Trends Shaping Men’s Luxury Bags?

The luxury bag market is witnessing a surge in innovation and craftsmanship, with brands incorporating high-tech materials, sustainable alternatives, and versatile designs. One of the key trends reshaping the industry is the rise of eco-conscious luxury, where high-end brands are using vegan leather, recycled nylon, and biodegradable fabrics to create environmentally friendly yet premium-quality bags. Multifunctionality is another major focus, with designers offering convertible bags that transform from backpacks to briefcases or crossbody bags to messenger styles, catering to the needs of modern professionals and frequent travelers. The demand for smart luxury bags is also growing, with features such as hidden compartments, biometric locks, and integrated tech storage for gadgets becoming increasingly common. The return of classic silhouettes like structured leather satchels and vintage-inspired doctor bags has further reinforced the trend of timeless elegance, making luxury bags an investment-worthy accessory for men.

Why Is Demand for Men’s Luxury Bags Rising Across Global Markets?

The demand for men’s luxury bags is surging worldwide, driven by affluent consumers, increased fashion consciousness, and evolving retail strategies. The Asia-Pacific region, particularly China and South Korea, has emerged as a key growth hub, with luxury brands reporting higher sales among young male consumers who view designer bags as status symbols. In Europe and North America, the rise of minimalist luxury and the resurgence of classic, well-crafted leather goods has encouraged more men to invest in high-end carryalls that balance function and aesthetics. The influence of social media, celebrity endorsements, and luxury streetwear collaborations has also propelled the popularity of designer crossbody bags, luxury backpacks, and high-fashion duffels among younger demographics. Additionally, the expansion of e-commerce and direct-to-consumer (DTC) models has made luxury bags more accessible, enabling customers to customize, pre-order, and shop exclusive collections online. The rise of resale platforms and luxury consignment markets has further driven demand, as more consumers seek investment-grade designer bags that retain or appreciate in value.

What Factors Are Fueling the Growth of the Global Men’s Luxury Bag Market?

The growth in the men’s luxury bag market is driven by several factors, including premium craftsmanship, sustainability initiatives, the influence of streetwear, and increased travel-related spending. The blurring of gender lines in fashion has encouraged brands to launch more versatile and inclusive collections, catering to diverse consumer preferences. The boom in digital and experiential luxury shopping is also influencing how men engage with designer brands, with a focus on personalized services, immersive retail experiences, and AI-driven styling recommendations. Additionally, the global expansion of luxury retail spaces, airport boutiques, and exclusive pop-up events is strengthening market growth, attracting both seasoned collectors and first-time luxury buyers. As men continue to embrace designer accessories as part of their everyday lifestyle, the men’s luxury bag market is set for sustained expansion, fueled by technological advancements, ethical fashion movements, and the growing influence of digital-first luxury brands.

SCOPE OF STUDY:

The report analyzes the Men`s Luxury Bags market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Backpack, Messenger bags, Weekender bags, Holdall bags, Tote bags, Waist bags, Briefcase, Other Product Types); Material (Leather, Nylon, Cotton, Synthetic, Others); Design (Plain, Printed)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 33 Featured) -

• Aspinal of London
• Bennett Winch
• Berluti
• Bottega Veneta
• Brunello Cucinelli
• Burberry
• Carl Friedrik
• Coach
• Dior
• Dunhill
• Fendi
• Filson
• Goyard
• Gucci
• Hermès
• Louis Vuitton
• Montblanc
• Mulberry
• Paul Smith
• Prada

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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CHINA
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EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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