Handbag Market Anticipates Boost from Strategic Collaborations Among Key Players Like Tapestry and Michael Kors

Handbag Market Poised to Reach USD 98.24 Billion by 2032, Fueled by E-commerce Expansion and Fashion Consciousness

The global handbag market is experiencing robust growth, projected to reach USD 98.24 billion by 2032, expanding at a CAGR of 6.9% from 2025 to 2032. This surge is attributed to increasing fashion consciousness, the proliferation of e-commerce platforms, and the rising demand for versatile and stylish accessories.

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Handbag Market Regional Insights:

The report provides regional insights into the industrial gas market for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region is expected to dominate the market.

Handbag Market Segmentation:

by Product Type

Tote
Clutch
Satchel
Others

The tote bag category had the biggest handbag market share in 2024. Tote bags are multipurpose items valued for their longevity and usefulness. Compared to other purses, they are larger and can accommodate a wider range of consumer needs, including those related to work, education, and pleasure. The demand for tote bags has been further boosted by the rise in popularity of Korean fashion trends, especially among younger audiences. Users can also make a fashion statement thanks to their stylish appeal, especially in formal situations.

by Raw Material

Leather
Fabric
Others

by Distribution Channel

Online
Offline

Over the course of the forecast period, a notable compound annual growth rate (CAGR) is anticipated for the online distribution channel category. The rise in popularity of social media and e-commerce platforms is the reason for this increase. The increased digitisation of services has resulted in a substantial preference for online buying, especially among younger populations. Companies in the industry are improving their digital shopfronts and client databases to better serve a wider audience in response to this trend.

by End-User

Men
Women

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Handbag Market Key Players:

North America
1. Coach IP Holdings LLC (USA)
2. Kate Spade (USA)
3. Calvin Klein Inc. (USA)
4. Michael Kors (USA)
5. Fossil Group Inc. (USA)
6. Others
Europe
7. Ted Baker (United Kingdom)
8. Chanel Ltd. (France)
9. Louis Vuitton Speedy (France)
10. Prada Group (Italy)
11. Fendi (Italy)
12. Burberry (United Kingdom)
13. Hermès International S.A (France)
14. Others

Key questions answered in Handbag Market are:

• Who held the largest market share in the Handbag Market?
• What are the factors driving the Handbag Market growth?
• What are the factors restraining the Handbag Market growth?
• Which trends are expected to generate additional revenue for the Handbag market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Handbag Market?

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