The global luxury handbags market is estimated to be valued at USD 27.54 Bn in 2025 and is expected to reach USD 41.96 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2025 to 2032. The global luxury handbags market represents one of the most prestigious and enduring segments within the broader luxury goods industry, characterized by exceptional craftsmanship, premium materials, and iconic brand heritage. This market encompasses high-end handbags crafted by renowned luxury fashion houses and emerging designer labels, targeting affluent consumers who value exclusivity, quality, and status symbolism.
Market Dynamics
The global luxury handbags market is propelled by several key drivers that continue to fuel its expansion across international markets. Rising disposable incomes among high-net-worth individuals and the expanding middle class in emerging economies, particularly in Asia Pacific regions, create substantial demand for luxury accessories as status symbols and investment pieces. The growing influence of social media and celebrity endorsements significantly amplifies brand visibility and desirability, while the increasing participation of millennials and Generation Z consumers in luxury purchasing behaviors drives innovation in design aesthetics and digital engagement strategies.
Key Features of the Study
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on ‘Luxury Handbags Market' - Global forecast to 2032
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
