Canada Handbags Market

Canada Handbags Market Insights Forecasts to 2035

• The Canada Handbags Market Size Was Estimated at USD 1.49 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 5.3% from 2025 to 2035
• The Canada Handbags Market Size is Expected to Reach USD 2.63 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The Canada Handbags Market size is anticipated to reach USD 2.63 Billion by 2035, growing at a CAGR of 5.3% from 2025 to 2035. The Canadian market is driven due to factors such as rising disposable income, the boom in e-commerce, which offers convenience and a wide selection, and growing awareness of ecological practices and ethical sourcing.

Market Overview

Handbags are used to carry numerous essentials, including cash and accessories. Possibilities include taking advantage of the growing demand for vintage and used handbags, offering customisation options, growing online platforms, and implementing sustainable production techniques.

In Canada, handbags were first made in the early 1900s using practical leather satchels and woven baskets as the foundation. Canadians value practicality and affordability in terms of culture and fashion, while still incorporating their own distinctive flair. In the Canadian handbag market, both local and international designers work side by side. Handbags and other fashion items made ethically and sustainably have demonstrated a great appeal to Canadian consumers.

The primary tax imposed on handbags and other luggage is the Goods and Services Tax. Approximately 18 percent for luxury goods, wallets, handbags, and other luggage. To encourage young business owners and the regional handicrafts industry, certain artisanal or handcrafted handbags are eligible for a reduced GST rate of 5%.

The practice of charging for carry bags with a printed brand is dishonest, unfair, and deceitful. Compensation and repayment of Rs 3 plus interest were mandated by the Consumer Forum. Additionally, the Commission mandated that More Megastore compensate the complainant with Rs 15,000.

Report Coverage

This research report categorizes the market for the Canada Handbags Market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada Handbags Market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada Handbags Market.

Driving Factors

The Handbags markets in Canada are driven by a rise in e-commerce, which provides ease and a large selection, rising awareness of ethical sourcing and ecological methods, and rising disposable income. Additionally, social media sites and applications like Instagram, Snapchat, and others are increasing consumer awareness of these purses' availability and spurring market expansion.

Restraining Factors

The handbag market in Canada is restrained by fraud, disruptions in the supply chain, recessions that impact disposable income, and the rapid shift of customer preferences.

Market Segmentation

The Canada Handbags market share is classified into product type, raw material, end user, and distribution channel.  

• The tote segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Canada handbags market is segmented by product type into tote, clutch, satchel, and others. Among these, the tote segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The industry is being driven by a product that is bigger than other kinds of handbags. Its usage is probably going to increase because of its adaptability and ease of carrying more things without sacrificing its visual appeal. For example, the Carmen Tote is very adaptable and practical for the majority of users because it has two handles, three credit card slots, one adjustable and detachable shoulder strap, two slide pockets, and one zip pocket.

• The leather segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

The Canada handbags market is segmented by raw material into leather and fabric. Among these, the leather segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment is fueled by its synonymous with elegance, robustness, and classic charm. Customers who care about fashion are very interested in leather handbags because they are seen as a sign of elegance. Since leather bags are thought of as investments for a long time, the material's strength and quality also add to their appeal.

• The women segment accounted for the largest share in 2024 during the forecast period.

Based on end user, the Canada handbags market is segmented into men and women. Among these, the women accounted for the largest share in 2024 during the forecast period. The segment is driven by as a result of women's increased involvement in online purchasing. The men’s segment accounts for the fastest rate in 2024 due to progressively leaning toward the purchase of handbags and other such items.

• The offline segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the Canada handbags market is segmented into online and offline. Among these, the offline segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. In offline shopping, customers get opportunities to feel, touch, and try things if they want to purchase the products, which is doing same for the handbags. In-store shopping provides a chance to purchase quick items than online shopping, and receive attention from the shopper, hence improving the shopping experience.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada Handbags Market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                         

• Aldo
• Wearshop
• Aldila Boutique
• RUBINO
• Marketsupport
• Gorski Group Ltd.
• Last Minute Luxe Fashion Ltd
• Steve Madden Canada
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Canada, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Canada Handbags Market based on the below-mentioned segments:

Canada Handbags Market, By Product Type

• Tote
• Clutch
• Satchel
• Others

Canada Handbags Market, By Raw Material

• Leather
• Fabric

Canada Handbags Market, By End-User

• Men
• Women

Canada Handbags Market, By Distribution Channel

• Online
• Offline

FAQ’s

Q: What is the Canada Handbags market size?

A: The Canada Handbags market was estimated at USD 1.49 billion in 2024 and is projected to reach USD 2.63 billion by 2035, growing at a CAGR of 5.3% during 2025–2035.

Q: What are the key growth drivers of the market?

A: Market growth is driven by the rise in e-commerce, rising disposable income. In addition, social media sites and applications like Instagram, Snapchat, and others are increasing consumer awareness of these purses' availability and spurring market expansion.

Q: What factors restrain the Canada Handbags market?

A: The Market is restrained by strong consumer preferences for purchasing luxury goods from indigenous producers is expected to limit the growth of global commercial marketplaces in these countries.

Q: How is the market segmented by product type?

A: The market is segmented into tote, clutch, satchel, and others.

Q: Who are the key players in the Canada handbags market?

A: Key companies include Aldo, Wearshop, Aldila Boutique, RUBINO, Marketsupport, Gorski Group Ltd., Last Minute Luxe Fashion Ltd, Steve Madden Canada, and Others.

Q: Who are the target audiences for this market report?

A: The report targets market players, investors, end-users, government authorities, consulting and research firms, venture capitalists, and value-added resellers (VARs)