Handbag retail sales U.S. 2010-2021
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.
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.
