$28.5bn
$X.Xbn
145k
70,096
$X.Xbn
The industry includes specialty retail stores that primarily sell fashion accessories, such as handbags, costume jewelry, hats and small leather accessories. The industry also includes stores that primarily sell suitcases, backpacks and other kinds of luggage. Over the years to 2024, the industry has fared well, particularly as the number of trips, both foreign and domestic, taken by US residents exhibited strong growth in the first half of the period, driving demand for luggage items. Sharp declines in spending and travel amid the COVID-19 pandemic pressured key markets, but a surge in online shopping habits supported revenue despite the challenging conditions. Overall, revenue is expected to climb at a CAGR of 4.3% to $28.5 billion over the past five years, including an increase of 2.3% in 2024 alone.
Industry revenue has grown at a CAGR of 4.3 % over the past five years, to reach an estimated $28.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tapestry, Inc. | 2,605.0 | 437.8 | 16.8 | |
Capri Holdings Limited | 806.0 | 5.7 | 0.7 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Handbag, Luggage & Accessory Stores in the US
Industry revenue is measured across several distinct product and services lines, including Men's accessories, Women's accessories and Costume and novelty jewelry. Men's accessories is the largest segment of the Handbag, Luggage & Accessory Stores in the US.
Handbags make up most of women's accessories revenue
This industry includes specialty retailers that primarily sell handbags, luggage, costume jewelry and clothing accessories, like hats, wallets and neckwear. Stores in this industry may also sell apparel or footwear, but sales from these products are not included in the industry.
Purchase this report to view all 2 major companies in this industry.
NAICS 448150 - Handbag, Luggage & Accessory Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has performed well over the past five years. Favorable changes in fashion trends have boosted sales of premium industry products, like designer leather handbags ...
Learn about an industry's products and services, markets and trends in international trade.
Products sold by industry stores can be divided into two broad categories. Fashion accessories includes items such as handbags, costume jewelry, belts and hats, while travel ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Like most retailing industries, this industry follows population trends. Handbag, luggage and accessory stores must be located close to metropolitan areas where consumers con...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
New market entrants, new product offerings and higher advertising expenditure have intensified competition in the industry. Due to rising competition, retailers have had to i...
Learn about the performance of the top companies in the industry.
Tapestry is a public company headquartered in New York. The company has a notable market share in the industry.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry doesn't receive any major government subsidies or grants. Tariffs are not specifically relevant to this industry, since they apply at the manufacturing level.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Costs and profit vary between handbag, luggage and accessory stores. Depending on their size, supply chain integration and target market, stores have different purchasing and...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Handbag, Luggage & Accessory Stores in the US industry in United States is $28.5bn in 2024.
There are 70,096 businesses in the Handbag, Luggage & Accessory Stores in the US industry in United States, which has grown at a CAGR of 7.4 % between 2019 and 2024.
The market size of the Handbag, Luggage & Accessory Stores in the US industry in United States has been growing at a CAGR of 4.3 % between 2019 and 2024.
Over the next five years, the Handbag, Luggage & Accessory Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Handbag, Luggage & Accessory Stores market in United States are Tapestry, Inc. and Capri Holdings Limited
Men's accessories and Women's accessories are part of the Handbag, Luggage & Accessory Stores in the US industry.
The company holding the most market share in United States is Tapestry, Inc..
The level of competition is moderate and increasing in the Handbag, Luggage & Accessory Stores in the US industry in United States.