Global Leather Handbags Market – Industry Trends and Forecast to 2031

Global Leather Handbags Market, Type (Formal, Casual), Product Type (Handheld Bags, Satchel Bags, Shoulder Bags, Sling Bags, Tote Bags, Others), Bag Size (Small, Regular, Oversized), Price Range (Low, Mid, High), Distribution Channel (Direct, Retail, E-Commerce), End User (Men, Women) - Industry Trends and Forecast to 2031.

Leather Handbags Market Analysis and Size

In recent years, leather handbags have become one of the most desirable personal products. The leather handbags market is expected to witness promising growth during the forecast period due to the rising popularity of leather handbags among many people. Furthermore, the growing social media influence of Twitter and Instagram on consumers is responsible for the potential customers’ inclination toward the leather handbags market. Most young adults use these social media platforms, so the leather handbag companies are focusing on them to advertise their products globally. Moreover, rapid globalization, increasing consumer spending and rapidly changing lifestyles are all significant factors that positively impact the leather handbag market’s growth.

 Data Bridge Market Research analyzes that the global leather handbags market is expected to reach USD 3,696.4 thousand by 2031, which is USD 2,491.1 thousand in 2023, registering a CAGR of 5.1% during the forecast period of 2024 to 2031.

The "casual handbags" segment by type is expected to dominate the market due to the enduring demand for high-quality, prestigious, and often designer-branded leather handbags, reflecting a combination of fashion trends, craftsmanship, and status symbol preferences among consumers. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Leather Handbags Market Scope and Segmentation

Market Definition

Leather handbags are a fashion accessory made up of high-quality leather that increases the durability of bags while also prolonging the product’s lifespan. The rise in the use of leather in handbags results in a more attractive appeal for the product. Additional features like more compartments and pockets in handbags also enhance its demand.

Global Leather Handbags Dynamics

Drivers

• Feasibility and convenience of leather handbags

The growing demand for convenient, fashionable and comfortable leather handbags, as well as the growing number of working people overall the globe are some of the major factors which are expected to drive the growth rate of the leather handbags market during the forecast period.

• Growing fashion consciousness

Increasing fashion consciousness among women and men attracts several brands to increase their product portfolio in the men’s and women’s segments. Apart from the traditional handbags, recent affordable leather handbags are also gaining importance in the overall market. Furthermore, the product improvement, use of social platforms to upsurge the engagement of consumer and awareness about the product launches, and adoption of the suitable distribution channels are some major factors which are expected to drive the growth rate of the leather handbags market during the forecast period.

Opportunity

• Development of new start-ups

Numerous startups have come up with the customized leather handbags according to the demand of consumers. High unit price and strong brand recognition are expected to drive the sales of leather handbags in the market. Furthermore, due to the growth of many e-commerce companies, major market vendors in the leather goods industry are choosing to sell their goods through online platforms to secure a more diverse consumer base, as it allows vendors to advertise their goods with large discounts and offers to entice consumers. This is also the major factor which will create immense opportunities for the growth of the leather handbags market.

Restraints/Challenges

• Rising concern over animal killing

The unethical killing of several animals for manufacturing leather handbags is attracting the attention of numerous animal lover consumers. The growing concerns regarding animal killing among luxury consumers have certainly affected the demand of the leather product which will restraint the growth of the leather handbags market.

• High cost associated with raw materials

Increasing fluctuations in the prices of raw material prices which are used for the manufacture of leather handbags are expected to limit the growth of the leather handbags market

This leather handbags market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the leather handbags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Leather Handbags Market Scope

The leather handbags market is segmented on the basis of type, product type, bag size, price range, distribution channel and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Formal
• Casual

Product Type

• Handheld Bags
• Satchel Bags
• Shoulder Bags
• Sling Bags
• Tote Bags
• Others

Bag Size

• Small
• Regular
• Oversized

Price Range

• Low
• Mid
• High

Distribution Channel

• Direct
• Retail
• E-Commerce

End User

• Men
• Women

 Global Leather Handbags Market Regional Analysis/Insights

The leather handbags market is analyzed and market size insights and trends are provided by country, type, product type, bag size, price range, distribution channel and end user as referenced above.

The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, and rest of Middle East & Africa.

North America is expected to dominate the market due to the increasing applications within the region.

Asia-Pacific is expected to show lucrative growth over the forecast period due to the increasing spending on research and development in the emerging economies in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The leather handbags also provides you with detailed market analysis for every country growth in expenditure for capital equipment, installed base of different kind of products for leather handbags market, impact of technology using life line curves and changes in regulatory scenarios and their impact on the leather handbags market. The data is available for historic period 2010-2020.

Competitive Landscape and Global Leather Handbags Market Share Analysis         

The leather handbags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to leather handbags market.

Some of the major players operating in the leather handbags market are:

• Burberry Group Plc (U.K.)
• Capri Holdings Limited (U.S.)
• CHANEL (U.K.)
• Dolce and Gabbana Srl (Italy)
• Double R Bags (India)
• Giorgio Armani Spa (Italy)
• Hermes International SA (France)
• Kering (France)
• LVMH (France)
• Mulberry (U.K.)
• PRADA Group (Italy)
• Ralph Lauren (U.S.)
• Samsonite IP Holdings S.à r.l. (China)
• Tapestry Inc. (U.S.)
• Shree Satyanarayanji Impex (India)
• Frontier Bag Company (U.S.)
• Casco Manufacturing Solutions, Inc. (U.S.)
• Blivus Bags (India)
• Earthyy Bags (India)