Global Luxury Handbags Market 2025-2029

Luxury Handbags Market 2025-2029

The luxury handbags market is forecasted to grow by USD 27407.1 mn during 2024-2029, accelerating at a CAGR of 6.6% during the forecast period. The report on the luxury handbags market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by design and material innovation leading to product premiumization, high influence of celebrity endorsements on purchase decision, and increased expenses by international tourists.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's luxury handbags market is segmented as below:

By Distribution Channel

• Offline
• Online

By Type

• Handbag
• Backpack
• Wallet
• Others

By Material

• Leather
• Fabric
• Synthetic
• Sustainable materials

By Geographical Landscape

• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the personalization and customization of luxury handbags as one of the prime reasons driving the luxury handbags market growth during the next few years. Also, increased demand for luxury handbags made of eco-friendly material and rising number of mergers and acquisitions will lead to sizable demand in the market.

The report on the luxury handbags market covers the following areas:

• Luxury Handbags Market sizing
• Luxury Handbags Market forecast
• Luxury Handbags Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury handbags market vendors that include 3.1 Phillip Lim, Burberry Group Plc, Capri Holdings Ltd., Chanel Ltd., Compagnie Financiere Richemont SA, Dolce and Gabbana Srl, Fendi, Giorgio Armani SpA, Hermes International SA, Kering SA, Maus Freres SA, Mulberry Group Plc, Prada Spa, PVH Corp., Ralph Lauren Corp., Rebecca Minkoff LLC, Sungjoo Group, Tapestry Inc., The LVMH group, and Tory Burch LLC. Also, the luxury handbags market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more