Handbag Industry Data Book - Tote Handbag, Clutch Handbag and Satchel Handbag Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Handbag Industry generated over USD 40,431.9 million in 2022 and is projected to grow at a significant CAGR of 6.1% from 2023 to 2030

Grand View Research’s handbag industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Access the Global Handbag Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Tote Handbags Market Growth & Trends

The global Tote Handbags Market size is expected to expand at a CAGR of 5.8% over the forecast period. Tote bags are generally larger in size compared to other handbags, providing ample space to carry essentials such as laptops, books, gym clothes, groceries, or even beach accessories. Their roomy interior makes them ideal for everyday use and practical for various activities. Korean fashion and aesthetics have gained significant popularity among younger consumers worldwide. Tote bags align well with the minimalist, practical, and stylish aspects of Korean fashion trends, contributing to their increased demand.

Leather is a durable material known for its longevity. Leather tote bags are designed to withstand regular use and can handle the wear and tear of everyday life. The high-quality craftsmanship associated with leather goods ensures that these handbags can last for years, making them a worthwhile investment for many consumers. Many professionals, such as businesspeople, lawyers, and executives, prefer leather tote bags for their sleek and polished appearance. Leather tote bags' structured and professional look can enhance one's overall image in a work or formal setting.

Luxury accessories brands continuously innovate in terms of design, offering unique and distinctive leather tote bag designs that capture the attention of affluent consumers. These brands often set trends and establish themselves as leaders in the fashion industry and collaborate with designers, driving the demand for their leather tote bags. For example, in November 2022, Luca Nichetto, a well-known furniture designer collaborated with Angela Roi, a prominent accessories brand to design a tote bag crafted from apple skin leather.

Order your copy of the Free Sample of “Handbag Industry Data Book - Tote Handbag, Clutch Handbag and Satchel Handbag Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Clutch Handbags Market Growth & Trends

The global Clutch Handbags Market size is registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. The rise in disposable income, especially among the affluent population, has contributed to the increased demand for luxury bags. As consumers have more purchasing power, they are more likely to invest in high-end and designer handbags, including clutch bags, as a symbol of luxury and status. Clutch bags are often favored for social events and parties due to their compact size and stylish appeal. Consumers appreciate the convenience and elegance of clutch bags, which can elevate their outfits and make a fashion statement on special occasions.

Clutch handbags are characterized by their small size and lack of handles or straps, typically designed to be carried in one hand or tucked under the arm. Clutch leather handbags are versatile and can be easily paired with different outfits and occasions. They can be used during daytime events or dressed up for evening affairs, making them a versatile accessory choice. Also, the increasing prices of designer bags and their ever-increasing demand among high-income households have facilitated the overall demand for luxury accessories like leather clutch bags in countries like the U.S. and the U.K. For instance, according to Business and Fashion's new data and insights on June 2022, the average price of a women's designer bag in the US has increased by 27% since 2019.

Go through the table of content of Handbag Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Handbag Industry are:

• Sangetsu Corporation
• Louis Vuitton
• Hermès International S.A
• Michael Kors
• Fossil Group, Inc.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter