Middle East and Africa Handbags Market Size (2024 - 2029)

The Middle East and Africa handbags market is experiencing significant growth, driven by evolving fashion trends and an increasing working population, which have contributed to a rise in consumer spending power. Despite challenges posed by the COVID-19 pandemic, which temporarily hindered fashion goods sales, the market is poised for expansion. This growth is fueled by the popularity of various handbag styles among women and a growing preference for luxury products among affluent consumers. The penetration of international brands through the establishment of offline retail spaces in key countries further supports the market's expansion.

Market Size of Middle East and Africa Handbags Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Middle East and Africa Handbags Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.20 %
Market Concentration Low

Major Players

Middle East and Africa Handbags Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

MEA Handbags Market Analysis

The Middle East and Africa handbags market is projected to register a CAGR of 5.2% during the forecast period, 2022-2027.

The sales of handbags in the Middle East and Africa region is witnessing the highest in the past decade owing to the changing fashion trend and increasing working population in the region. The rise in disposable income is an added advantage for consumers to spend more on handbags. However, the outbreak of COVID-19 has resulted in diminished consumer spending on fashion goods such as handbags and hence constrained the manufacturers to increase the price of the product to compensate for their revenue loss during this period.

Over the medium term, the market is expected to grow due to the rising popularity of handbags, particularly tote bags, satchels, and clutches among women consumers. In addition, affluent buyers increasingly prefer luxury products due to their purchasing power. This has led to the penetration of international brands in the region through the expansion of offline stores, such as luxury department stores and boutiques, across key countries including Saudi Arabia, Qatar, and UAE. For instance, in 2021, the luxury brand Dellaluna Venetian Maroquinerie debuted its presence in the United Arab Emirates by launching its exquisite handbag collection at Tryano Abu Dhabi.

MEA Handbags Industry Segmentation

A handbag is a type of fashion accessory that is a handy, medium-to-large bag used to carry personal items. The handbag market is segmented by product type, distribution channel, and geography. By product type, the market is segmented into satchels, bucket bags, clutches, tote bags, and other product types. By distribution channel, the market is segmented into online retail stores and offline retail stores. It provides an analysis of emerging and established economies across the region, comprising the United Arab Emirates, Saudi Arabia, South Africa, Qatar, and the Rest of the Middle East and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).

By Type
Satchel
Bucket Bag
Clutch
Tote Bag
Others
Distribution Channel
Offline Retail Stores
Online Retail Stores
Geography
United Arab Emirates
Saudi Arabia
South Africa
Qatar
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Middle East and Africa Handbags Market Size Summary

The Middle East and Africa handbags market is experiencing significant growth, driven by evolving fashion trends and an increasing working population. The rise in disposable income has further encouraged consumers to invest more in handbags. Despite the initial setback due to COVID-19, which led to reduced consumer spending and price adjustments by manufacturers, the market is rebounding. The popularity of handbags, especially tote bags, satchels, and clutches among women, is on the rise. Affluent consumers are increasingly drawn to luxury products, prompting the expansion of international brands in the region through offline stores in countries like Saudi Arabia, Qatar, and the UAE. Companies are innovating and expanding their product lines to meet diverse consumer preferences, with strategies such as mergers and acquisitions to enhance their offerings and geographical reach.

The United Arab Emirates stands out as a key market, with consumers favoring luxury handbags due to their high purchasing power and the country's status as a luxury shopping destination. The steady growth of the handbag industry in the UAE is fueled by fashion-conscious consumers and a surge in tourism. Premium brands like Michael Kors and Kate Spade attract the young, ambitious population with competitive pricing. The presence of major players such as LVMH, Gucci, and Kering, along with an advanced distribution network, provides a competitive edge. Continuous innovation is essential for these players to adapt to the rapidly changing fashion landscape. Initiatives like Kering's 'Fashion Our Future' and Chanel's new product launches highlight the dynamic nature of the market, while the introduction of e-commerce platforms, such as Louis Vuitton's site in Saudi Arabia, underscores the shift towards digital retailing.

Explore More

Middle East and Africa Handbags Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Satchel

      2. 2.1.2 Bucket Bag

      3. 2.1.3 Clutch

      4. 2.1.4 Tote Bag

      5. 2.1.5 Others

    2. 2.2 Distribution Channel

      1. 2.2.1 Offline Retail Stores

      2. 2.2.2 Online Retail Stores

    3. 2.3 Geography

      1. 2.3.1 United Arab Emirates

      2. 2.3.2 Saudi Arabia

      3. 2.3.3 South Africa

      4. 2.3.4 Qatar

      5. 2.3.5 Rest of Middle East and Africa

Middle East and Africa Handbags Market Size FAQs

The Middle East and Africa Handbags Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)

Kering Group, Chanel, LVMH Moët Hennessy Louis Vuitton, Blueberry and Prada S.p.A are the major companies operating in the Middle East and Africa Handbags Market.

Middle East and Africa Handbags Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)