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Retail sales value of women's handbags in the United States from 2012 to 2018 (in billion U.S. dollars)

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U.S. retail sales value of women's handbags 2012-2018 This statistic shows the retail sales value of women's handbags in the United States from 2012 to 2017, with a forecast for 2018. In 2017, retail sales of women's handbags amounted to approximately 8.3 billion U.S. dollars.
Women's handbags in the U.S. – additional information

The global 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 2016, the global market for personal luxury goods was valued at around 250 billion euros. The United States is, by far, the most valuable personal luxury goods market in the world. In 2015, the American luxury goods market was valued at almost 79 billion euros. In comparison, the second largest luxury goods market in the world is Japan, valued at 20 billion euros.

Accessories are amongst the most important segments in the luxury goods industry, as they held about 30 percent of the global luxury goods market share in 2016. In the U.S., the women’s accessories market has been fairly profitable in the last few years. Since 2012, sales of women’s accessories have been generating around 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. Only the sale of women’s jewelry was more profitable than handbags in 2017.
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Retail sales in billion U.S. dollars
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Retail sales in billion U.S. dollars
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Description Source More information
This statistic shows the retail sales value of women's handbags in the United States from 2012 to 2017, with a forecast for 2018. In 2017, retail sales of women's handbags amounted to approximately 8.3 billion U.S. dollars.
Women's handbags in the U.S. – additional information

The global 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 2016, the global market for personal luxury goods was valued at around 250 billion euros. The United States is, by far, the most valuable personal luxury goods market in the world. In 2015, the American luxury goods market was valued at almost 79 billion euros. In comparison, the second largest luxury goods market in the world is Japan, valued at 20 billion euros.

Accessories are amongst the most important segments in the luxury goods industry, as they held about 30 percent of the global luxury goods market share in 2016. In the U.S., the women’s accessories market has been fairly profitable in the last few years. Since 2012, sales of women’s accessories have been generating around 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. Only the sale of women’s jewelry was more profitable than handbags in 2017.
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Release date
March 2018
Region
United States
Survey time period
2012 to 2017
Supplementary notes
* Projection.

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