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This statistic represents the value of retail sales of women's handbags in the United States from 2012 to 2015. In 2014, retail sales of women's handbags amounted to approximately *** billion U.S. dollars.

Women's Handbags in the United States – Additional Information

The global luxury market – which includes cosmetics, perfumes, watches, jewelry, handbags, and travel bags for women, to name just a few – has been one of the main pillars of the luxury industry for many years. This industry is the second most important segment of the luxury market, just behind luxury cars. In 2015, the global personal luxury goods market was valued at approximately *** billion euros. The United States is by far the most valued personal luxury goods market in the world, controlling about ** percent of the global market share. In 2015, the luxury goods market in the United States was valued at approximately ** billion euros. In comparison, the second largest personal luxury goods market in the world is Japan, valued at ** billion euros.

Accessories are among the most important segments of the luxury goods industry, holding about ** percent of the global luxury goods market share in 2014. In the United States, the women's accessories market has been very profitable in recent years. Since 2012, women's accessories sales have generated approximately ** billion U.S. dollars in revenue annually. Within the U.S. accessories market, handbags and wallets are the most important products. Brands such as Chanel, Gucci, Louis Vuitton, Hermès, and Michael Kors are among the key players in the U.S. handbag market. The value of retail sales of women's handbags in the United States reached *** billion U.S. dollars in 2014. This figure corresponds to about ** percent of the total revenue generated by women's accessories sales that year. Only women's jewelry sales were more profitable than handbags in 2014.