Celebrity Measurements

NEW YORK, Feb. 8, 2023 /PRNewswire/ — According to Technavio, the global leather handbags market size is estimated to grow by USD 8.5 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 4.84%. Moreover, the growth momentum will accelerate. APAC will account for 32% of the market’s growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report

Leather handbags market – Five forces
The global leather handbags market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter’s five forces model – Buy the report!

Leather handbags market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Leather handbags market – Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (offline and online), type (shoulder bags, satchel bags, tote bags, and sling bags). 

• The offline segment will account for a significant share of the market’s growth during the forecast period. This channel generates revenue from the sales of products through specialty stores, including exclusive brand stores, multi-brand stores, apparel stores, factory outlets, airport retail stores, and personal goods stores; hypermarkets, supermarkets, convenience stores, and clubhouse stores; and department stores. Department stores and specialty stores are the largest revenue contributors through offline channels. Brands are expanding their presence globally by establishing new stores in prominent markets such as North America and Europe. Such strategies are expected to drive sales growth through offline stores during the forecast period.

Geography overview
Based on geography, the global leather handbags market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global leather handbags market.

• APAC is estimated to account for 32% of the growth of the global market during the forecast period. China, South Korea, Japan, and India are the key countries in this region. The growth of the market is attributed to factors such as the rise in awareness and the increase in demand for fashion products. The increasing target population (15-64 years) and the rising disposable income will also drive the demand for leather handbags, including premium and luxury handbags.

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Global leather handbags market – Market dynamics
Key factor driving market growth

• The influence of celebrity endorsements on customer purchase decisions is driving market growth.
• Celebrity endorsement is a popular marketing tool used by vendors, which helps build their brand image and increase product awareness.
• Vendors sign multi-year endorsement agreements with well-known celebrities to enhance their brand value.
• For instance, Selena Gomez and Michael B. Jordan are brand ambassadors for Coach, a brand by Tapestry Inc.
• Customer engagement programs through offline and online channels help increase awareness.
• Vendors can promote their products at a minimal cost with the growing internet penetration and the success of social media campaigns.
• These factors will fuel the growth of the market during the forecast

Leading trends influencing the market 

• The introduction of different leather varieties is a key trend in the market.
• The demand for leather tanned from exotic animals has increased during the last few years.
• These handbags are considered expensive, and most of their demand comes from high-profile vendors.
• These factors will propel the value sales of leather handbags, which, in turn, will support the market growth during the forecast period.

Major challenges hindering the market growth

• Rising labor costs and fluctuating raw material prices are challenging the leather handbags market growth.
• Leather manufacturing includes several steps, such as procurement, processing, and tanning or synthesizing.
• However, various governments have imposed regulations on manufacturing, which increases the price of leather.
• Labor costs in countries such as China, Indonesia, Bangladesh, and Vietnam, where manufacturing facilities of various international brands are located, have grown rapidly over the last decade.
• This increases the production of vendors, thereby lowering their profit margins.
• These factors will impede the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this leather handbags market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the leather handbags market between 2023 and 2027
• Precise estimation of the size of the leather handbags market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the leather handbags market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of leather handbags market vendors

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Related Reports:

The leather goods market is estimated to grow at a CAGR of 6.24% between 2022 and 2027. The size of the market is forecasted to increase by USD 90.98 billion. This report extensively covers market segmentation by product (footwear, LBWP, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global leather handbags market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global leather handbags market 2017 – 2021 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 – 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments 
• Exhibit 30: Chart on Distribution Channel – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel – Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline – Market size and forecast 2022-2027
• Exhibit 34: Chart on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Offline – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline – Year-over-year growth 2022-2027 (%)

• 6.4 Online – Market size and forecast 2022-2027
• Exhibit 38: Chart on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Online – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 42: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Shoulder bags – Market size and forecast 2022-2027
• Exhibit 47: Chart on Shoulder bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Shoulder bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Shoulder bags – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Shoulder bags – Year-over-year growth 2022-2027 (%)

• 7.4 Satchel bags – Market size and forecast 2022-2027
• Exhibit 51: Chart on Satchel bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Satchel bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Satchel bags – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Satchel bags – Year-over-year growth 2022-2027 (%)

• 7.5 Tote bags – Market size and forecast 2022-2027
• Exhibit 55: Chart on Tote bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Tote bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Tote bags – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Tote bags – Year-over-year growth 2022-2027 (%)

• 7.6 Sling bags – Market size and forecast 2022-2027
• Exhibit 59: Chart on Sling bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Sling bags – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Sling bags – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Sling bags – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027
• Exhibit 101: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027
• Exhibit 105: Chart on France – Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on France – Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Alexander McQueen Trading Ltd. 
• Exhibit 116: Alexander McQueen Trading Ltd. – Overview
• Exhibit 117: Alexander McQueen Trading Ltd. – Product / Service
• Exhibit 118: Alexander McQueen Trading Ltd. – Key offerings

• 12.4 Burberry Group Plc 
• Exhibit 119: Burberry Group Plc – Overview
• Exhibit 120: Burberry Group Plc – Business segments
• Exhibit 121: Burberry Group Plc – Key offerings
• Exhibit 122: Burberry Group Plc – Segment focus

• 12.5 Capri Holdings Ltd. 
• Exhibit 123: Capri Holdings Ltd. – Overview
• Exhibit 124: Capri Holdings Ltd. – Business segments
• Exhibit 125: Capri Holdings Ltd. – Key news
• Exhibit 126: Capri Holdings Ltd. – Key offerings
• Exhibit 127: Capri Holdings Ltd. – Segment focus

• 12.6 Cole Haan International B.V. 
• Exhibit 128: Cole Haan International B.V. – Overview
• Exhibit 129: Cole Haan International B.V. – Product / Service
• Exhibit 130: Cole Haan International B.V. – Key offerings

• 12.7 Fossil Group Inc. 
• Exhibit 131: Fossil Group Inc. – Overview
• Exhibit 132: Fossil Group Inc. – Business segments
• Exhibit 133: Fossil Group Inc. – Key offerings
• Exhibit 134: Fossil Group Inc. – Segment focus

• 12.8 Guess Inc 
• Exhibit 135: Guess Inc – Overview
• Exhibit 136: Guess Inc – Business segments
• Exhibit 137: Guess Inc – Key offerings
• Exhibit 138: Guess Inc – Segment focus

• 12.9 Hennes and Mauritz AB 
• Exhibit 139: Hennes and Mauritz AB – Overview
• Exhibit 140: Hennes and Mauritz AB – Product / Service
• Exhibit 141: Hennes and Mauritz AB – Key offerings

• 12.10 Hermes International SA 
• Exhibit 142: Hermes International SA – Overview
• Exhibit 143: Hermes International SA – Business segments
• Exhibit 144: Hermes International SA – Key offerings
• Exhibit 145: Hermes International SA – Segment focus

• 12.11 Hidesign 
• Exhibit 146: Hidesign – Overview
• Exhibit 147: Hidesign – Product / Service
• Exhibit 148: Hidesign – Key offerings

• 12.12 Kering SA 
• Exhibit 149: Kering SA – Overview
• Exhibit 150: Kering SA – Business segments
• Exhibit 151: Kering SA – Key offerings
• Exhibit 152: Kering SA – Segment focus

• 12.13 Lefty Production Co. 
• Exhibit 153: Lefty Production Co. – Overview
• Exhibit 154: Lefty Production Co. – Product / Service
• Exhibit 155: Lefty Production Co. – Key offerings

• 12.14 LVMH Moet Hennessy Louis Vuitton SE 
• Exhibit 156: LVMH Moet Hennessy Louis Vuitton SE – Overview
• Exhibit 157: LVMH Moet Hennessy Louis Vuitton SE – Business segments
• Exhibit 158: LVMH Moet Hennessy Louis Vuitton SE – Key news
• Exhibit 159: LVMH Moet Hennessy Louis Vuitton SE – Key offerings
• Exhibit 160: LVMH Moet Hennessy Louis Vuitton SE – Segment focus

• 12.15 Prada Spa 
• Exhibit 161: Prada Spa – Overview
• Exhibit 162: Prada Spa – Product / Service
• Exhibit 163: Prada Spa – Key offerings

• 12.16 Stefano Ricci S.p.A. 
• Exhibit 164: Stefano Ricci S.p.A. – Overview
• Exhibit 165: Stefano Ricci S.p.A. – Product / Service
• Exhibit 166: Stefano Ricci S.p.A. – Key offerings

• 12.17 Steven Madden Ltd 
• Exhibit 167: Steven Madden Ltd – Overview
• Exhibit 168: Steven Madden Ltd – Product / Service
• Exhibit 169: Steven Madden Ltd – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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