United Kingdom Handbag Market Size, Share, and COVID-19 Impact Analysis, By Product (Tote Bag, Clutch, Satchel, and Others), By Distribution Channel (Online, Offline), and UK Handbag Market Insights, Industry Trend, Forecasts to 2035.

United Kingdom Handbag Market Forecasts to 2035

• The United Kingdom Handbag Market Size Was Estimated at USD 2,312.5 Million in 2024
• The UK Handbag Market Size is Expected to Grow at a CAGR of around 6.79% from 2025 to 2035
• The UK Handbag Market Size is Expected to Reach USD 4,763.4 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United Kingdom Handbag Market Size is anticipated to reach USD 4,763.4 Million by 2035, growing at a CAGR of 6.79% from 2025 to 2035. The UK handbag market is driven by increased fashion awareness and disposable wealth. Consumers are looking for fashionable accessories to go with their clothes as they become more aware of fashion trends.

Market Overview

The UK handbag market includes a wide range of handbag shapes, materials, and price ranges, responding to various consumer demands and preferences. The market for handbags has shifted from a purely functional nature to fashionable items of personal expression and lifestyle needs. While disposable income has risen for many, this has manifested in consumers purchasing premium and branded handbags more regularly and experimenting with styles. One of the contributing trends to handbag market growth is urbanization and its growing culture around the exchange of gifts, particularly through experiences. Handbags have particularly become a popular and versatile gift for many occasions. Urban consumers, especially women, are looking for compact and functional designs that accommodate a busy lifestyle. For many modern working women, they are looking for handbags that accommodate their professional tools, but also their essentials, seamlessly combined into one purchase. Moreover, luxury handbags are consumer status symbols through aspirational buying behaviour and consumers' retail purchasing power, particularly in emerging markets. Emerging designers and niche brands are growing successfully among the established luxury handbag brands as they create unique and path-breaking designs and offer handcrafted, artisanal products that promote individuality and exclusivity. Overall, changing consumer preferences, increased income levels, urban trends, and the combination of fashion and function continue to drive handbag market growth

Report Coverage

This research report categorizes the market for the UK handbag market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom handbag market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom handbag market.

Driving Factors

There are numerous important factors driving growth in the handbag market, including the changing fashions of the moment, brand influence, and celebrity endorsements, which all contribute to handbags serving as symbols of style and status. Consumers also prefer stylish handbags that are functional with additional features, including compartments and versatility for many occasions! With the growth of e-commerce and digital marketing, brands can expand the ways they engage customers and create additional marketing channels that allow for personalized marketing. A focus on sustainability and vegan leather options is also influencing buyer behaviour in the handbag space. The combination of these developments contributes to continued demand and creativity, and growth in the handbag market in the UK.

Restraining Factors

The UK handbag market is limited due to fierce competition and market saturation, which makes it difficult for new or smaller enterprises to grow.  Inflation and economic instability affect consumer spending on luxury or non-essential items. Additionally, rapid fashion alternatives and shifting fashion trends make it difficult for long-term brand loyalty and steady demand, while counterfeit goods reduce the value of brands. These factors hamper the handbag market during the forecast period.

Market Segmentation

The United Kingdom handbag market share is classified into product and distribution channel.

• The tote bag segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom handbag market is segmented by product into tote bag, clutch, satchel, and others. Among these, the tote bag segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. tote bags are bigger than other kinds of purses, and customers may more easily transport their necessities to workplaces, academic institutions, and other locations. Customers like these bags because of their size. Tote bag sales are also being driven by the growing popularity of Korean fashion and aesthetics among younger consumers. Because tote bags may be reused, they are thought to be more environmentally friendly than disposable bags. This is in line with sustainability objectives to lessen pollution from plastics.

• The offline segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom handbag market is segmented by distribution channel into online, offline. Among these, the offline segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Customers can touch, feel, and test things in physical stores before making a purchase, which is especially crucial for expensive items like handbags. Additionally, in-store buying improves the whole shopping experience by offering individualised customer attention and the chance to make purchases right away.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom handbag market and a with comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Launer London
• Tusting
• Aspinal of London
• Mulberry
• Burberry
• Louis Vuitton
• Hermes
• Michael Kors
• Gucci
• Others

Key Target Audience

• Investors
• Market players
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom handbag market based on the below-mentioned segments:

United Kingdom Handbag Market, By Product

• Tote Bag
• Clutch
• Satchel
• Others

United Kingdom Handbag Market, By Distribution Channel

• Online
• Offline