$190.2m
$X.Xm
2m
221k
$XX.Xm
Demand for the Global Handbag and Purse Manufacturing industry has recently seen a notable boost, driven by evolving consumer tastes and expanding market demographics. The industry's products, often deemed integral fashion accessories, continue to captivate shopping trends worldwide. Factors such as rising disposable incomes in emerging markets and a heightened preference for fashion-forward, versatile handbags have buoyed demand. Also, brands have significantly pushed to innovate in design and functionality, enticing consumers to invest in new collections. Industry revenue has increased at a CAGR of 1.4% over the past five years and is expected to total $190.2 billion in 2024, when revenue will hike by an estimated 2.1%.
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated $190.2m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Guangzhou Panyu Simone Handbag Co. Ltd. | 3.4 | N/A | N/A | |
Jiangsu Maydiang Leather & Leather Goods Co. Ltd. | 0.3 | N/A | N/A | |
Li Ning Company Limited | 0.2 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Handbags, Handbag accessories and Trunks and suitcases. Handbags is the largest segment of the Global Handbag & Purse Manufacturing.
Influencer marketing and limited editions drive high demand and sales for handbags
The Global Handbag and Purse Manufacturing industry produces handbags and associated accessories, including purses, wallets, tassels and other articles typically carried in a pocket or handbag. Also, the industry encompasses the manufacture of luggage, other travel bags and various smaller-sized leather containers.
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Learn about the performance of the top companies in the industry.
Multiple manufacturers prevent any single company from dominating. This competitive dynamic ensures a diverse selection of handbag styles to meet vast global demand.
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Including values and annual change:
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The market size of the Global Handbag & Purse Manufacturing industry in Global is $190.2m in 2024.
There are 221k businesses in the Global Handbag & Purse Manufacturing industry in Global, which has grown at a CAGR of 3.8 % between 2019 and 2024.
The market size of the Global Handbag & Purse Manufacturing industry in Global has been growing at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the Global Handbag & Purse Manufacturing industry in Global is expected to grow.
The biggest companies operating in the Global Handbag & Purse Manufacturing market in Global are Guangzhou Panyu Simone Handbag Co. Ltd., Jiangsu Maydiang Leather & Leather Goods Co. Ltd. and Li Ning Company Limited
Manufacturing handbags and Manufacturing handbag accessories are part of the Global Handbag & Purse Manufacturing industry.
The company holding the most market share in Global is Guangzhou Panyu Simone Handbag Co. Ltd..
The level of competition is high and increasing in the Global Handbag & Purse Manufacturing industry in Global.