Luxury Handbag Market Is Booming Worldwide 2025-2032 | Gucci, PRADA Group, Phillip Lim, Mulberry

The Luxury Handbag Market is estimated to be valued at USD 85.55 Bn in 2025 and is expected to reach USD 119.94 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2025 to 2032.

The Luxury Handbag Market Report is the result of extensive research and analysis conducted by our team of experienced market researchers through -

• 70% efforts of Primary Research
• 15% efforts of Secondary Research
• 15% efforts from the subscription to Paid database providing industry overview, macro and micro economics factors, and financials of private limited companies

Coverage of the Luxury Handbag Market:

The report provides 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 (𝟐𝟎𝟐𝟎 - 𝟐𝟎𝟑𝟐) 𝐕𝐚𝐥𝐮𝐞 (𝐔𝐒$ 𝐌𝐧), 𝐘-𝐨-𝐘 % 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞, and 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 (𝟐𝟎𝟐𝟓 - 𝟐𝟎𝟑𝟐), CAGR % for all the segments and sub segments wherein:

⦿ 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟑: 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜 𝐘𝐞𝐚𝐫,
⦿ 𝟐𝟎𝟐𝟒: 𝐁𝐚𝐬𝐞 𝐘𝐞𝐚𝐫,
⦿ 𝟐𝟎𝟐𝟓: 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐘𝐞𝐚𝐫,
⦿ 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟐: 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝.

👉 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝟕𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭: @ https://www.coherentmarketinsights.com/promo/buynow/102939

The latest version of the report (Version 2025) provides analysis through various business metrics including:

• Bulls Eye Analysis
• Coherent Opportunity Map
• Wheel of Fortune
• Market Attractive Analysis, by Product type
• Market Attractive Analysis, by Country
• Pestle Analysis
• 4 Ps (Product, Price, Place, and Promotion)
• Porters Analysis
• SWOT Analysis
• Competitive Landscape
• Company Market Share Analysis (US$ Mn)

Segmentation and Taxonomy

By Type
◘ Handbag
◘ Backpack
◘ wallet

By Material
◘ Cotton
◘ Leather
◘ Nylon
◘ Synthetic

By Distribution channel
◘ Online
◘ Offline

Market Top Companies Analysis:

◘ Wanlima
◘ Phillip Lim
◘ The Chanel
◘ Givenchy
◘ LV
◘ Proenza
◘ Alexander
◘ Stella
◘ Céline's Phantom
◘ Charlotte Olympia
◘ Valentino
◘ Mulberry
◘ Longchamp
◘ Hermès Kelly
◘ Gucci
◘ Burberry Group Plc.
◘ Compagnie Financière Richemont SA.
◘ Dolce & Gabbana Srl.
◘ Hermès International.
◘ Kering SA.
◘ LVMH Moet Hennessy - Louis Vuitton.
◘ PRADA Group.
◘ Ralph Lauren Corp.,

👉 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝟕𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭: @ https://www.coherentmarketinsights.com/promo/buynow/102939

✦ Key Trends Prevalent in the Luxury Handbag Market Includes ✦

🎯 E-commerce Expansion: The rise of e-commerce is significantly influencing the luxury handbag market. Online sales channels are becoming increasingly popular, allowing consumers to access a wider range of products and brands. This trend is expected to continue, fostering new buying patterns and supporting overall market growth.

🎯 Sustainability Trends: There is a growing consumer preference for sustainable and ethically produced luxury handbags. Brands are responding by adopting eco-friendly materials and transparent sourcing practices, which resonate with environmentally conscious consumers, particularly among younger demographics.

🎯 Influence of Social Media: Social networks play a crucial role in shaping consumer preferences in the luxury handbag market. Influencer marketing and online brand engagement are driving awareness and interest in luxury products, leading to increased sales and brand loyalty.

🎯 Diverse Product Offerings: The market includes a wide variety of products such as totes, shoulder bags, and satchels from renowned brands. This diversity caters to different consumer preferences and needs, enhancing the appeal of luxury handbags across various demographics.

🎯 Regional Insights: The Asia-Pacific region is witnessing significant growth in luxury handbag demand, driven by rising disposable incomes and an increasing interest in high fashion. Additionally, the resurgence of in-store shopping in North America and Europe has bolstered sales, highlighting a balanced approach between online and offline retail strategies.

🎯 Second-Hand Market Growth: The rapid rise of second-hand luxury markets is influencing consumer behavior, with many shoppers seeking pre-owned items as a more sustainable and cost-effective option. This trend is reshaping perceptions of luxury ownership and expanding market opportunities.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.coherentmarketresearch.com/samplepages/102939

Key benefits of procuring this report for stakeholders:

⏩ This study offers a thorough analysis of current trends, forecasts, and market size dynamics in the Luxury Handbag Market from 2025 to 2032, helping to pinpoint the most promising opportunities.
⏩ Porter's Five Forces analysis highlights the influence of buyers and suppliers, empowering stakeholders to make informed business decisions and enhance their supplier-buyer networks.
⏩ Comprehensive research on market size and segmentation enables the identification of existing opportunities within the Luxury Handbag Market.
⏩ The report maps out the leading countries in each region based on their contribution to market revenue.
⏩ An extensive analysis of the top competitors in the Luxury Handbag Market is provided, offering valuable insights into the competitive landscape.

Reasons to Purchase the Report:

👉 Strategic Competitor Insights: Gain critical information and analysis on key competitors to develop effective sales and marketing strategies.
👉 Identify Emerging Players: Discover new entrants with promising product portfolios and formulate counter-strategies to enhance your competitive edge.
👉 Target Client Identification: Classify potential new clients or partners within your target demographic for better market penetration.
👉 Tactical Initiative Development: Understand the focal areas of leading companies to craft informed tactical initiatives.
👉Mergers and Acquisitions Planning: Make strategic decisions regarding mergers and acquisitions by pinpointing top manufacturers in the market.
👉Licensing Strategy Development: Identify prospective partners with attractive projects to create robust in-licensing and out-licensing strategies, thereby enhancing business potential.
👉Support for Presentations: Utilize reliable, high-quality data and analysis to strengthen your internal and external presentations.

This report provides actionable growth insights through a comprehensive analysis that includes secondary research, primary interviews with industry stakeholders and competitors, as well as validation and triangulation using the Coherent Market Insights regional database. Experts have meticulously compiled primary data from market participants across the value chain in all regions, along with insights from industry specialists, to deliver both qualitative and quantitative findings.

𝐅𝐀𝐐'𝐬

Q.1 What are the main factors influencing the Luxury Handbag Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the Market's opportunities, risks, and general structure?
Q.4 Which of the top Luxury Handbag Market companies compare in terms of sales, revenue, and prices?
Q.5 How are Market types and applications and deals, revenue, and value explored?
Q.6 What does a business area's assessment of agreements, income, and value implicate?

Author of this marketing PR:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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