North America Handbags Market is segmented by Type (Satchel, Clutch, Tote Bag, Sling Bag, and Others); Distribution Channel (Online Retail Stores and Offline Retail Stores), and Geography (United States, Canada, Mexico, and Rest of North America). The report offers market size and forecast in value (USD million) for all the above segments.

The luxury handbag market is expected to record a valuation of USD 27.25 billion in 2025 and reach a valuation of USD 50.21 billion in 2035, at a CAGR of 6.2%.

Metrics	Values
Industry Size (2025E)	USD 27.25 billion
Industry Value (2035F)	USD 50.21 billion
CAGR (2025 to 2035)	6.2%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	6.2%
Germany	6.4%
India	6.7%

Snapshot img

Luxury Handbags Market Size 2024-2028

The luxury handbags market size is forecast to increase by USD 24.73 billion at a CAGR of 6.34% between 2023 and 2028.

The market is witnessing significant growth, driven by key trends such as design and material innovation leading to product premiumization. This innovation results in handbags that offer unique features and enhanced value, making them desirable for consumers. Another trend shaping the market is the increasing demand for personalization and customization. Consumers are seeking handbags that reflect their individuality, leading manufacturers to offer customization options. 
However, the presence of counterfeit products poses a significant challenge to the market. These counterfeits not only impact the revenue of legitimate players but also tarnish the reputation of the luxury handbag industry. Despite these challenges, the market is expected to continue its growth trajectory, driven by the increasing disposable income of consumers and their desire for high-quality, unique, and personalized handbags, including leather handbags.

What will be the Size of the Luxury Handbags Market During the Forecast Period?

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The market is a dynamic and evolving sector withIn the consumer goods industry, characterized by its focus on high-end fashion brands and exceptional craftsmanship. This market caters to a growing population of working women seeking financial freedom and self-expression through their choice of accessories. The demand for luxury handbags spans various styles, including clutches, crossbody bags, shoulder bags, satchels, hobo bags, and tote bags. Social media bloggers and celebrity endorsements significantly influence consumer preferences, driving trends and setting new standards.
Brands continue to innovate, offering satchel bags in recycled leather, organic textiles, and bio-fabricated solutions. E-commerce platforms have revolutionized the industry, enabling online purchasing, personalized recommendations, virtual try-on experiences, click-and-collect choices, and custom-made handbags.
However, challenges persist, such as import duties, taxation, and counterfeit products, requiring stringent measures to ensure authenticity and consumer protection. Limited-edition handbags and bespoke designs with customized engraving cater to the desire for exclusivity and individuality.

How is this Luxury Handbags Industry segmented and which is the largest segment?

The luxury handbags industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Type

  Handbag
  Backpack
  Wallet
  Others


Geography

  Europe

    France
    Italy


  North America

    US


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The luxury handbag market in 2023 was dominated by offline distribution channels, with specialty stores being a significant contributor. Specialty stores encompass exclusive brand outlets, multi-brand retailers, apparel shops, and personal goods providers. These establishments cater to a diverse clientele and offer a broad selection of high-end handbags from various brands and price points. companies benefit from this distribution channel by securing dedicated budgets for marketing, advertising, promotions, brand development, staff training, and IT infrastructure.

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The offline segment was valued at USD 53.37 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is dominated by high-end fashion brands, primarily based in Western European countries. Notable brands like Hermès International and Kering contribute significantly to the region's status as the largest the market. The European tourism industry's resurgence post-currency offset has fueled substantial spending on tax-free luxury goods, particularly in countries such as the UK, Spain, France, and Italy. Working women's increasing financial freedom and the desire for functional, versatile accessories have driven demand for various styles, including clutches, crossbody bags, shoulder bags, satchels, hobo bags, totes, briefcases, and laptop bags. Luxury handbag trends encompass sustai

This statistic shows the retail sales of handbags in the United States from 2010 to 2021. In 2021, U.S. retail sales of handbags amounted to approximately 13 billion U.S. dollars, a considerable increase on the previous year.

Women's handbags in the U.S. – additional information

The global personal luxury goods industry – which includes cosmetics, fragrances, watches, jewelry, luggage, and women’s handbags to name a few – has been one of the major pillars of the luxury industry for years. This industry is the second most valuable luxury market, only behind luxury cars. In 2021, the global market for personal luxury goods was valued at around 283 billion euros. The United States is, by far, the most valuable personal luxury goods market in the world. In 2020, the American luxury personal goods market was valued at roughly 55 billion euros. In comparison, the second largest luxury goods market in the world was Mainland China, valued at 44 billion euros.

Accessories are amongst the most important segments in the luxury goods industry, as they held about 36 percent of the global luxury goods market share in 2020. In the U.S., the women’s accessories market has been fairly profitable in the last few years. Since 2013, sales of women’s accessories have generated over 30 billion U.S. dollars in revenues each year. Within the U.S. accessories market, handbags and purses are one of the most important products. Brands such as Chanel, Gucci, Louis Vuitton, Hermès, and Michael Kors are some of the leading players in the handbag market throughout the United States.

North America Luxury bag market size is USD 9405.68 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

This statistic shows the projected sales growth rate in the women's luxury bag market in the United States from 2010 until 2020. In 2015, the sales growth rate of the women's luxury bag market amounted to 8.8 percent in the United States.

The second-hand bag market size is projected to be valued at US$ 6,327.7 million in 2023 and is expected to rise to US$ 11,439.3 million by 2033. The sales of the second-hand bag are expected to register a significant CAGR of 6.10% during the forecast period.

Attribute	Details
Market Estimated Size (2023)	US$ 6,327.7 million
Market CAGR (2023 to 2033)	6.10%
Market Forecasted Size (2033)	US$ 11,439.3 million

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 6.10% from 2023 to 2033
Base Year of Estimation	2023
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and Volume in Units and F-CAGR from 203 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	Raw Material End User Sales Channel By Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	The United States Canada Brazil Mexico Germany Italy France The United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	Fashionphile Luxury Garage Sale Rebag Vestiaire Collective Collector Square Bob’s Watches StockX The RealReal The Outnet The Luxury Closet
Customization & Pricing	Available upon Request

The market size of the North America Luxury Handbags And Purses Market is categorized based on Application (Type 1, Type 2, Type 3, Type 4) and Product (Type 1, Type 2, Type 3, Type 4) and geographical region of North America which includes United States of America, Canada and Mexico.

According to Cognitive Market Research, the global luxury bag market size is USD 23514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

North America held the major market of around 40% of the global revenue with a market size of USD 9405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 7054.26 million and will grow at a CAGR of 7.3% from 2024 to 2031.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 5408.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Latin America market of around 5% of the global revenue with a market size of USD 1175.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 470.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
The men luxury bag held the highest growth rate in luxury bag market in 2024.

Market Dynamics of Luxury Bag Market

Key Drivers of Luxury Bag Market

Shifting Consumer Preferences Towards Evolving Fashion Trends to Increase Sales

Shifting consumer preferences play a pivotal role in driving sales within the luxury bag market, particularly as fashion trends continually evolve. Consumers seek to express their individuality and status through their accessories, making it imperative for brands to stay attuned to these preferences. As trends change, so do the demands for bag styles, materials, and designs. For instance, the rise of minimalism has spurred interest in sleek, understated luxury bags, while eco-conscious consumers are increasingly gravitating towards sustainable materials and ethical production practices. Moreover, the influence of social media and celebrity endorsements amplifies the visibility of certain bag styles, prompting consumers to emulate their favourite influencers and celebrities. To capitalize on these shifts, luxury brands must remain agile, offering a diverse range of products that resonate with the current zeitgeist while staying true to their brand identity and heritage craftsmanship.

Growth of Online Retail to Propel the Market Growth

The growth of online retail has emerged as a significant driver propelling the expansion of the luxury bag market. E-commerce platforms provide unparalleled accessibility and convenience for consumers worldwide, enabling them to browse and purchase luxury bags from the comfort of their homes. This shift in consumer behaviour towards online shopping has broadened the market reach for luxury brands, breaking down geographical barriers and tapping into previously untapped demographics. Furthermore, online retail offers a personalized shopping experience through targeted recommendations and customization options, enhancing customer engagement and loyalty. Luxury brands have capitalized on this trend by investing in robust digital strategies, including immersive website experiences, social media marketing, and virtual try-on technologies. As a result, the online luxury bag market continues to experience exponential growth, attracting both established brands and emerging designers seeking to capitalize on the vast potential of digital commerce.

Restraint Factors of Luxury Bag Market

Rampant Counterfeiting and Exclusivity of Luxury Brands to Limit the Sales

Rampant counterfeiting poses a significant challenge to the luxury bag market by diluting the exclusivity and prestige associated with authentic luxury brands. Counterfeit products often flood the market, resembling genuine items at a fraction of the cost. This undermines the perceived value of authentic luxury bags, leading to consumer skepticism and reluctance to invest in genuine products. Moreover, the prevalence of counterfeits erodes brand reputation and trust, as consumers may struggle to distinguish between authentic and counterfeit goods. This can result in lost sales and damage to brand equity, particularly among discerning luxury consumers who prioritize authenticity and craftsmanship. To combat counterfeiting, luxury brands invest substantial resources in anti-counterfeiting measures such as holographic tags, RFID technology, a...

South America Handbags Market is segmented by Type (Satchel, Clutch, Tote Bag, Sling Bag, and Others), Distribution Channel (Online Retail Stores and Offline Retail Stores), and Geography (Brazil, Argentina, and Rest of South America). The report offers market size and forecast in value (USD million) for all the above segments.

Snapshot img

Handbags Market Size 2024-2028

The handbags market size is forecast to increase by USD 16.56 billion at a CAGR of 4.79% between 2023 and 2028. The handbag market is experiencing significant shifts, driven by consumer preferences for personalization and customization. This trend is leading to increased innovation in design and materials, resulting in premiumized products that are increasingly available through e-commerce platforms. However, the market is also facing challenges from fluctuating operational costs, particularly in the areas of labor, logistics, and raw materials. These costs are influenced by various factors, including the price of crude oil, natural gas, coal, and acetic acid, which are used in the production of canvas and jute, popular materials for handbags. Producers must navigate these cost pressures while maintaining quality and meeting consumer demand for unique and stylish handbags.

What will be the Size of the Market During the Forecast Period?

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The market is a significant segment of the fashion accessories industry, catering to the needs of working women and fashion enthusiasts worldwide. According to recent omnibus surveys, the female working population in emerging economies continues to expand, driving the demand for handbags. Raw materials play a crucial role in the market. Traditional materials like mesh, nylon, straw, canvas, jute, and crude oil-based leather are commonly used. However, the market is witnessing a shift towards more sustainable and eco-friendly alternatives, such as recycled materials and organic fabrics. The handbags industry is not just limited to essential carryalls; it also includes luxury handbags.

Moreover, celebrity endorsements and social media influence have significantly impacted the market's growth, particularly among millennials and Gen Z consumers. Working women are the primary consumers of handbags. They require functional, stylish, and durable bags to carry their essentials. The market offers a wide range of options, from simple canvas totes to intricately designed luxury leather bags. Counterfeit products pose a significant challenge to the market. Brands invest heavily in intellectual property protection and anti-counterfeiting measures to safeguard their market share. The market is expected to grow steadily due to increasing urbanization, rising disposable income, and changing consumer preferences.

Furthermore, the industry's future looks promising, with new trends and innovations emerging regularly. In conclusion, the market is a dynamic and evolving industry that caters to the needs and preferences of diverse consumer segments. It is influenced by various factors, including raw materials, consumer demographics, and market trends. Understanding these factors is essential for businesses looking to capitalize on the opportunities presented by this market.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Leather
  Fabric


Distribution Channel

  Offline
  Online


Geography

  APAC

    China
    India


  North America

    US


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Type Insights

The leather segment is estimated to witness significant growth during the forecast period. The market, particularly the leather segment, is experiencing significant expansion in emerging economies. The global leather industry presents a vast opportunity due to the gap between raw material resources and production. In the North American region, the United States, Canada, and Mexico represent the largest market for leather handbags. Leather handbags come in various types, with the demand for these items driven by their unique textures, quality, and feel. Traditionally, leather is sourced from exotic animals, but due to the scarcity of such skins, companies are exploring alternatives such as ostrich, reptile, and other animal skins, as well as fabrics.

Furthermore, the increasing preference for eco-friendly and sustainable materials is also influencing the handbag market, with satchel bags and tote bags gaining popularity in the fabric handbag segment. Overall, the market is poised for steady growth in the coming years.

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The leather segment accounted for USD 36.14 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of var

South America Luxury bag market size is USD 1175.71 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

The global handbags market, exhibiting a robust CAGR of 9.26% from 2019 to 2024, is poised for continued growth throughout the forecast period (2025-2033). This expansion is driven by several key factors. Increasing disposable incomes, particularly in developing economies, fuel demand for luxury and designer handbags. Furthermore, evolving fashion trends, the rise of e-commerce platforms offering diverse styles and brands, and the growing influence of social media on consumer purchasing decisions contribute significantly to market growth. The market segmentation by type (e.g., totes, clutches, shoulder bags) and application (e.g., casual, formal, travel) offers diverse opportunities for manufacturers and brands to target specific consumer demographics and preferences. The competitive landscape includes established luxury brands like Chanel, Louis Vuitton, and Prada, alongside emerging designers and online marketplaces, leading to intense competition and continuous innovation in design, materials, and marketing strategies. The prevalence of sustainable and ethically sourced materials is also gaining traction, shaping consumer choices and influencing brand strategies. Geographic growth is expected to be varied. While mature markets like North America and Europe will see consistent growth, driven by premiumization and brand loyalty, faster expansion is anticipated in Asia-Pacific, particularly in China and India, owing to burgeoning middle classes and increasing fashion awareness. Challenges to growth include fluctuations in raw material costs, economic downturns impacting consumer spending, and the persistent threat of counterfeit products. However, the overall market outlook remains positive, with continued growth projected across segments and regions, spurred by consumers' enduring desire for stylish and functional handbags.

The global handbag market, valued at $62.83 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 4.79% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the rising disposable incomes in emerging economies, particularly in APAC regions like China and India, are significantly boosting consumer spending on luxury and fashion accessories, including handbags. Secondly, the increasing popularity of online retail channels offers convenient access to a wider range of brands and styles, further driving market growth. The preference for premium and sustainable materials like ethically sourced leather and innovative fabrics is another significant trend impacting the market. Finally, influencer marketing and celebrity endorsements continue to play a crucial role in shaping consumer preferences and driving demand for specific brands and styles. The market is segmented by type (leather and fabric) and distribution channel (offline and online), with both segments contributing significantly to the overall market value. Competition is intense, with established luxury brands like LVMH, Kering, and Tapestry Inc. alongside emerging brands vying for market share. These companies employ various competitive strategies including product innovation, brand building, and strategic partnerships to maintain their market positioning. The market’s growth, however, is not without challenges. Fluctuations in raw material prices, particularly leather, can impact production costs and profitability. Furthermore, increasing consumer awareness of ethical and sustainable sourcing practices puts pressure on manufacturers to adopt more responsible production methods. Geopolitical instability and economic downturns can also affect consumer spending patterns, posing a risk to market growth. Regional variations in market dynamics exist, with North America and Europe remaining significant markets, while the APAC region exhibits the fastest growth potential. Analyzing the competitive landscape reveals a mix of established luxury brands focusing on high-end products and emerging brands targeting specific niche markets. This diversity fosters innovation and caters to a broad spectrum of consumer needs and preferences. Understanding these dynamics is crucial for brands to successfully navigate the handbag market and capture a significant portion of the projected growth.

The U.S. offline retail market of luxury leather goods was valued at approximately 10.1 billion U.S. dollars in 2018. In comparison, the luxury leather goods online retail market amounted to around 0.74 billion U.S. dollars. Bags, hand bags, shoes, and wallets are some examples of products within the luxury leather goods market.

Explore the top import markets for handbags across the globe, including China, the United States, France, Italy, and more. Discover the key players in the global handbag industry.

The global handbags market, valued at $2856.31 million in 2025, is projected to experience robust growth, driven by several key factors. Increasing disposable incomes, particularly in emerging economies, fuel demand for luxury and fashion accessories. The rise of e-commerce platforms has significantly broadened market reach, providing consumers with convenient access to a wider selection of brands and styles. Furthermore, the ever-evolving fashion trends and the introduction of innovative designs and materials continue to stimulate consumer interest. The market is segmented by product type (tote, clutch, satchel, shoulder bag, mini bags, and others), distribution channel (offline and online), and material (leather, cotton, and others). Leather handbags maintain a significant market share due to their durability and perceived luxury, while the demand for sustainable and eco-friendly materials like cotton is steadily rising. The competitive landscape features both established luxury brands and emerging players, fostering innovation and driving price competition. Regional variations in market growth are anticipated, with North America and Europe maintaining strong positions due to established consumer preferences and purchasing power, while Asia-Pacific is poised for significant expansion owing to its burgeoning middle class and rising fashion consciousness. The projected Compound Annual Growth Rate (CAGR) of 3.96% for the forecast period (2025-2033) suggests a steady, albeit moderate, expansion of the market. Growth is expected to be influenced by macroeconomic conditions, shifting consumer preferences, and the success of brands in adapting to evolving trends. Challenges such as fluctuating raw material costs and increasing competition from fast-fashion brands need to be considered. The market's future depends on continuous innovation in design, materials, and marketing strategies to maintain consumer engagement and drive sales growth. Successful players will be those that effectively leverage online channels, cater to diverse consumer preferences, and manage their supply chains to meet growing demand efficiently.

The market size of the North America Luxury Handbags Resale Service Market is categorized based on Application (Type 1, Type 2, Type 3, Type 4) and Product (Type 1, Type 2, Type 3, Type 4) and geographical region of North America which includes United States of America, Canada and Mexico.

Snapshot img

Leather Handbags Market Size 2024-2028

The leather handbags market size is forecast to increase by USD 9.3 billion at a CAGR of 5.05% between 2023 and 2028.

The market's growth hinges on various factors such as the personalization and customization options available for leather handbags, the impact of celebrity endorsements on consumer purchasing choices, and the durability of leather goods, which enhances product value for customers. The use of advanced technologies like automation and digital marketing can help them streamline the industry operations and reach a wider audience. The offline distribution channel generates revenue from the sale 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. These elements collectively contribute to shaping consumer preferences and driving demand within the leather handbags market. It also includes an in-depth analysis of drivers, trends, and challenges. 

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In the dynamic world of fashion, leather handbags continue to be a popular choice among consumers. The raw materials used in the production of these handbags are essential, with hides and skins being the primary source. The leather is then processed through various stages, including tanning, dyeing, and finishing, to create high-quality handbags.



The market is significant, with a growing number of consumers showing a preference for these accessories. The segment is competitive, with numerous consumers seeking out the latest fashion trends and affordable prices. Brands and manufacturers use various marketing strategies, such as social media campaigns and influencer partnerships, to reach their target audience. The handbag industry is also subject to various regulations, including design rights and intellectual property laws. Quality and durability are crucial factors in the success of leather handbags, making it essential for brands to maintain high production standards. 

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Type

  Shoulder bags
  Satchel bags
  Tote bags
  Sling bags


Geography

  APAC

    China


  North America

    US


  Europe

    Germany
    UK
    France


  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. Companies operating in the organized retail sector are based on factors such as geographical presence, ease of production and inventory management, and goods transportation. Supermarkets and hypermarkets have dedicated aisles for luxury goods, including leather handbags, which increase the visibility of the latest leather products and trendy fashions. 

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The Offline segment was valued at USD 20.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 36% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC region, specifically China, South Korea, Japan, and India, is experiencing substantial growth in the market. Factors contributing to this expansion include rising fashion consciousness, the replacement of price-focused consumers with fashion-focused ones, and the flourishing fashion industry. Notably, casual leather handbags are in high demand among youngsters aged 15-24 years, driven by fashion events, celebrity endorsements, and a growing population with increased disposable income.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of the Leather Handbags Market?

Personalization and customization of leather handbags are the key driver of the market.

The leather handbags market is witnessing a rise in customization and personalization trends, particularly among young adults in developed and emerging countries. Rapid g

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Louis Vuitton, Kering, Hermes International, Chanel, Prada S.p.A, Ralph Lauren, PVH Corp, Michael Kors Holdings Limited, Coach Inc., Furla SpA, Longchamp, Luxottica Group, Mulberry Group, Marc Jacobs International LLC
SEGMENTS COVERED	By Product Type - Leather, Nylon, Cotton, Synthetic By Application - Online Sales, Offline sales By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa