Global Clutch Bag Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Distribution Channel;

Offline, and Online.

By Material ;

Leather, Fabric, and Others.

By Product;

Tote Bag, Clutch, Satchel, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn324651288 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Clutch Bag Market (USD Million), 2021 - 2025+

In the year 2024, the Global Clutch Bag Market was valued at USD 13,701.09 million. The size of this market is expected to increase to USD 20,158.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.

The global clutch bag market is a dynamic and growing segment within the fashion industry, driven by a rising demand for stylish, functional, and versatile accessories. Clutch bags, known for their compact size and elegant designs, have become a staple for evening wear and formal occasions. This market's growth is attributed to the evolving trends in consumer fashion preferences, with an increasing focus on aesthetics, convenience, and the overall appeal of evening accessories. Clutch bags are designed to serve as both functional storage solutions and fashion statements, making them an essential accessory for various social events, such as weddings, galas, and parties.

In recent years, the market has experienced significant transformation due to the emergence of new materials, innovative designs, and a wider range of price points. Fashion-conscious consumers, particularly in emerging economies, are increasingly opting for clutch bags that complement their outfits and make a statement. The availability of a diverse range of designs, from minimalistic to elaborate, has contributed to the widespread appeal of clutch bags across different demographic segments. Moreover, the market's expansion is also driven by the growing influence of social media, where influencers and celebrities showcase their preferences, encouraging consumers to invest in high-end and trendy clutch bags.

The market is highly competitive, with key players offering a wide variety of designs, colors, and styles to cater to different tastes and occasions. Major luxury brands, as well as fast-fashion retailers, are actively involved in shaping market trends by offering limited-edition collections and innovative features. As sustainability continues to be a focal point for consumers, eco-friendly and ethically sourced clutch bags are also gaining popularity, further diversifying the market. Overall, the global clutch bag market is poised for continued growth, driven by changing consumer behavior, innovation in design, and the increasing prominence of accessories in the fashion industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Distribution Channel
    2. Market Snapshot, By Material
    3. Market Snapshot, By Product
    4. Market Snapshot, By Region
  4. Global Clutch Bag Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising disposable income
        2. Growing influence of social media and celebrities
        3. Workforce participation of women
        4. Focus on fashion and brand consciousness
        5. Innovation in materials and designs
      2. Restraints
        1. Competition from other handbag styles
        2. Seasonality
        3. High-end pricing
        4. Availability of counterfeits
      3. Opportunities
        1. E-commerce boom
        2. Customization and personalization
        3. Focus on sustainable and ethical production
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Clutch Bag Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    2. Global Clutch Bag Market, By Material , 2021 - 2031 (USD Million)
      1. Leather
      2. Fabric
      3. Others
    3. Global Clutch Bag Market, ByProduct , 2021 - 2031 (USD Million)
      1. Tote Bag
      2. Clutch
      3. Satchel
      4. Others
    4. Global Clutch Bag Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Burberry Group Plc
      2. Capri Holdings Ltd
      3. CHANEL Ltd.
      4. Dolce & Gabbana Srl
      5. Global Brands Group Holding Ltd
      6. Hermès International
      7. Kering SA
      8. LVMH Moët Hennessy - Louis Vuitton
      9. Ralph Lauren Corp
      10. Tapestry Inc
  7. Analyst Views
  8. Future Outlook of the Market