Market Overview:

According to Fortune Business Insights The Global Handbag Market was valued at USD 56.46 billion in 2024. The market is projected to be worth USD 60.29 billion in 2025 and reach USD 104.24 billion by 2032, exhibiting a CAGR of 7.12% during the forecast period.

List of Key Players Mentioned in the Report:

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Segmentation:

Spacious Nature of Tote Segment to Hold the Largest Market Share

On the basis of product type, North American market analysis for the handbag can be conducted based on clutch, tote, satchel, and so on. The size of tote bags has allowed women consumers to store things such as documents and notes, lipsticks, sanitizers, cosmetics, and others, leading tote to hold the largest share of the market.