Home > Consumer Goods & Services > Apparel, Footwear and Accessories > Fashion Accessories > Mens Luxury Bag Market

Mens Luxury Bag Market Size

  • Report ID: GMI8135
  • Published Date: Feb 2024
  • Report Format: PDF

Men’s Luxury Bag Market Size

Men’s Luxury Bag Market size was valued at USD 11 billion in 2023 and is anticipated to register a CAGR of over 4.6% between 2024 and 2032. Luxury bags often serve as status symbols and symbols of prestige. Many consumers, especially in emerging economies, associate luxury brands with success and social standing, contributing to the desire for high-end products.


Fashion trends play a crucial role in driving demand for luxury bags. Men's fashion is evolving, with an increasing focus on accessories, including high-quality and stylish bags. As disposable incomes rise globally, consumers often seek to invest in premium and luxury products, including accessories like bags. Increased purchasing power allows individuals to indulge in higher-end brands and exclusive designs. Beyond aesthetics, consumers also value functionality and innovation in luxury bags. Brands that incorporate innovative features, materials, and designs while maintaining a high level of craftsmanship can appeal to a broader consumer base. Influencers and celebrities showcasing luxury bags on platforms like Instagram and Pinterest can significantly influence consumer preferences, driving demand for specific brands and styles.


The luxury industry, including men's bags, is vulnerable to counterfeiting. The prevalence of counterfeit products can undermine the reputation of genuine luxury brands, leading to a loss of consumer trust and potential revenue. Luxury bags are often crafted with premium materials and undergo meticulous manufacturing processes, contributing to higher production costs. Managing these costs while ensuring product quality and exclusivity is a constant challenge for luxury brands.


Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Men’s luxury bag market size reached USD 11 billion in 2023 and is set to expand at over 4.5% CAGR between 2024 and 2032 owing to the rising consumer demand for high-end products, especially in emerging economies.

The backpacks segment generated USD 3 billion in revenue in 2023 and is anticipated to grow through 2032 attributed to the ongoing trend towards more casual and versatile fashion.

North America men’s luxury bag industry accounted for 21% revenue share in 2023 and is estimated to exhibit robust growth through 2032 driven by the increasing presence of fashion conscious consumers across the region

Some of the popular men’s luxury bag industry players include Bottega Veneta, Burberry, Chanel, Fendi, Gucci, Hermès, Louis Vuitton, Prada, Ralph Lauren, Valentino, Versace, Yves Saint Laurent (YSL), and Zegna.

Mens Luxury Bag Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 387
 Download Free Sample