Top 10 Companies in Handbags Worldwide Market in 2025 Statistical View by Spherical Insights & Consulting
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Handbags Market Size is projected To Grow from USD 73.88 Billion in 2024 to USD 143.2 Billion by 2035, at a CAGR of 6.2% during the forecast period 2025–2035. The market for handbags is consumer demand for stylish goods, rising disposable incomes, an expanding online marketplace, and the growing demand for useful accessories among women in the workforce.
Introduction
Handbags Market Size are multi-purpose fashion items that combine style and function by holding personal items such as a purse, phone, makeup, and other necessities. They serve more objectives than just practicality; They are fashion and status symbols that complement clothing and allow people to overcome their uniqueness. More awareness about stability issues is reflected in environmentally friendly materials, such as recycled leather, organic textiles, and increased demand for products made from bio-made solutions. Pre-owned luxury handbags and vintage designs are becoming more and more popular due to the desire for unique and exclusive products that are to reduce the waste of unique and historical items as well as preserve the feelings of history.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights - Download the Brochure now and dive deeper into the future of the Handbags Market.
Handbags Market Size & Statistics
- The Market Size for Handbags Was Estimated to be worth USD 73.88 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 6.2% between 2025 and 2035.
- The Global Handbags Market Size is anticipated to reach USD 143.2 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Handbags Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Handbags Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the handbags market. As online shopping portals have grown and consumer spending power has increased, so too has the demand for handbags in the Asia Pacific. Growing fashion awareness and spending on accessories and personal goods have been recognized as major factors in the industry's growth.
North America is expected to generate the highest demand during the forecast period in the handbags market. The North American handbag software market is being driven by the growing demand for sustainable and environmentally friendly handbags. The demand for handbags made of vegan leather, recycled materials, and responsibly produced materials is rising as people become more conscious of how their purchases impact the environment. To meet this demand, brands and retailers are spending money on advanced digital marketing strategies and online platforms.
Top 10 Trends in the Handbags Market
- Growing demand for luxury and premium handbags
- Rising popularity of tote bags
- Shift toward sustainable and eco-friendly materials
- Increasing online sales and virtual try-on tools
- Personalization and customization options
- Celebrity and influencer-driven marketing
- Demand for multifunctional and versatile designs
- Growing men’s handbags segment
- Popularity of limited editions and exclusivity
- Strong demand in emerging markets
1. Growing demand for luxury and premium handbags
The market for luxury handbags from companies like Prada, Gucci, and Louis Vuitton is still expanding rapidly. Both established and emerging market consumers are prepared to spend more on high-end goods that denote exclusivity, status, and fashion.
2. Shift toward sustainable and eco-friendly materials
Consumer decisions are being influenced by sustainability, as companies use cruelty-free substitutes, plant-based textiles, and recycled leather. Customers favor handbags that reflect their ethical and environmental values, particularly millennials and Gen Z.
3. Increasing online sales and virtual try-on tools
E-commerce sites are quickly taking the lead in handbag distribution. Digital showrooms and virtual try-on capabilities are improving consumer experiences and increasing the accessibility of luxury handbags worldwide.
4. Personalization and customization options
Customized handbags that express their individual style are becoming more and more popular. To increase, consumer brands are providing bespoke designs, interchangeable straps, and monogramming.
5. Growing men’s handbags segment
Handbags are no longer just for women; luxury satchels, cross body bags, and backpacks for men are becoming more and more popular. Both luxury and mainstream brands have more opportunities as a result of this growing market.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Handbags market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Handbags Market
- Hermès International S.A.
- Louis Vuitton
- Michael Kors
- Fossil Group, Inc.
- Guccio Gucci S.p.A.
- Prada S.p.A.
- Burberry Group Plc
- Tapestry, Inc.
- Chanel,
- Financiere Richemont SA
1. Hermes International S.A
Headquarters: France
One of the most prominent luxury brands in the world, Hermès is well-known for its recognizable Birkin and Kelly handbags. Products from Hermès, which are renowned for their superb craftsmanship and exclusivity, are produced in small quantities to preserve their high prestige and resale value. The brand is a global symbol of luxury because of its emphasis on classic design and excellent leather quality. Hermès maintains its tradition of superior artisanal craftsmanship while growing its global footprint, especially in Asia.
2. Louis Vuitton
Headquarters: France
The top luxury handbag brand in the world, Louis Vuitton, is well-known for its classic designs and monogrammed leather goods. It has unparalleled brand recognition and a robust worldwide retail presence as a part of LVMH. LV handbags, which range from the iconic Speedy and Never full to seasonal limited editions, are a fashion statement and a status symbol. The brand's approach blends exclusive partnerships, contemporary design, and traditional craftsmanship. One of the main forces behind the expansion of the luxury handbag industry worldwide is still Louis Vuitton.
3. Michael Kors
Headquarters: United States
One of the top American brands, Michael Kors, sells high-end handbags at reasonable luxury costs. The brand, which has a large global customer base, is well-known for its stylish designs, cross body bags, and totes. Michael Kors positions itself between high-end and mass-market by striking a balance between affordability and luxury appeal. The brand is now one of the most well-known handbag brands in the world thanks to its substantial growth through retail locations and online sales. It keeps expanding throughout Asia, Europe, and North America as a part of Capri Holdings.
4. Gucci
Headquarters: Italy
The renowned Italian luxury fashion brand Gucci is well-known for its striking, avant-garde handbags. Popular all over the world, its iconic GG Marmont, Dionysus, and Jackie bags blend tradition with contemporary style. Gucci has grown significantly under the Kering Group thanks to creative collections and celebrity endorsements. To appeal to younger consumers, the brand is also making investments in eco-friendly leather substitutes and sustainability. Gucci, which combines tradition and contemporary luxury, is still one of the leading companies in the luxury handbag market worldwide.
5. Prada S.p.A.
Headquarters: Italy
Leading luxury brand Prada is renowned for its creative use of materials and elegant, simple handbag designs. The Galleria and Re-Edition nylon bags are well-known models that showcase Prada's blend of classic and contemporary design. With eco-friendly materials increasingly featured in its collections, the brand is leading the way in sustainable fashion. Prada's fusion of tradition, innovation, and contemporary branding makes it a popular choice for Gen Z and millennial customers. Prada remains a major force in the market for high-end handbags, with a significant retail presence across the globe.
Are you ready to discover more about the Handbags market?
The report provides an in-depth analysis of the leading companies operating in the global Handbags market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Hermès International S.A.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Louis Vuttion
- Michael Kors
- Fossil Group, Inc.
- Guccio Gucci S.p.A.
- Prada S.p.A.
- Burberry Group Plc
- Tapestry, Inc.
- Chanel,
- Financiere Richemont SA
Conclusion
The Handbags Market Size is supported by stable development, increasing fashion awareness, high disposable income, and strong effects of luxury branding. North America remains the largest market, while the Asia-Pacific leads as the fastest-growing area due to the expanding population of the middle class and increasing demand for premium fashion goods. Prominent players such as Hermes, Louis Vuitton, Gucci, Prada, and Michael Kors dominate Heritage Craftsmanship, Modern Design, and Global Retail Power. Stability, privatization, and digital innovation, especially e-commerce and virtual tri-on, are reshaping consumer preferences. Demand for growing men's handbag segments and exclusive collections further fuels market expansion. Overall, the handbag industry will grow both as a functional requirement and a fashion statement through the coming decade.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?