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Handbag, Luggage & Accessory Stores in Maryland

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MD45832

Handbag, Luggage & Accessory Stores in Maryland industry analysis

The Handbag, Luggage & Accessory Stores industry in Maryland is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x% during the same period. Industry establishments increased an annualized x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Handbag, Luggage & Accessory Stores in Maryland Market Research Report

What’s Included in the Handbag, Luggage & Accessory Stores in Maryland Market Research Report

Definition of the Handbag, Luggage & Accessory Stores in Maryland?

This industry includes specialty retailers that primarily sell handbags, luggage, costume jewelry and clothing accessories, like hats, wallets and neckwear. Stores in this industry may also sell apparel or footwear, but sales from these products are not included in the industry.

What’s included in the Handbag, Luggage & Accessory Stores in Maryland?

The Handbag, Luggage & Accessory Stores in Maryland includes men's accessories, women's accessories, costume and novelty jewelry, luggage and leather goods and other clothing accessories. Related terms covered in the Handbag, Luggage & Accessory Stores in Maryland industry report includes the generation born in the post-world war ii era, the generation following the baby-boomer generation, individuals who were born to baby boomers and follow generation x, subcontracting process in which manufacturing is conducted by a third-party company, either locally or internationally, a theory proposed by leonard lauder, of estée lauder, which states that consumers will purchase lower-cost luxuries rather than higher-priced luxuries in times of economic uncertainty and shoppers who aspire to purchase high-end luxury goods, but limit their budget to about an estimated $300.00, thereby purchasing small-ticket items like such as purses and accessories.

Industry Performance of the Handbag, Luggage & Accessory Stores industry in Maryland

Benchmark the Handbag, Luggage & Accessory Stores in Maryland industry performance with all MD county and national performance.

Handbag, Luggage & Accessory Stores in Maryland

#34 in Highest Revenue 0.2% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Handbag, Luggage & Accessory Stores in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Handbag, Luggage & Accessory Stores industry in Maryland

See how key industry drivers, such as population, new business formation, per capita disposable income, consumer spending, per capita disposable income and inbound trips by non-us residents are impacting Handbag, Luggage & Accessory Stores in Maryland

Maryland Economic Indicators

Population
New Business Formation
Per Capita Disposable Income

View more economic information in MD State Economic profile

US Key External Drivers

Consumer spending
Per capita disposable income
Inbound trips by non-US residents

For the full list of industry drivers, see report purchase options.

County Data of the Handbag, Luggage & Accessory Stores industry in Maryland

Access proprietary data on county in the Handbag, Luggage & Accessory Stores in Maryland, such as Baltimore County, Montgomery County and Anne Arundel County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Handbag, Luggage & Accessory Stores industry in Maryland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Handbag, Luggage & Accessory Stores industry in Maryland in 2025?

The market size of the Handbag, Luggage & Accessory Stores industry in Maryland is $83.0m in 2025.

How many businesses are there in the Handbag, Luggage & Accessory Stores industry in Maryland in 2025?

There are 1,169 businesses in the Handbag, Luggage & Accessory Stores industry in Maryland, which has been growing at an average annual rate of 6.0% from 2020 to 2025.

Has the Handbag, Luggage & Accessory Stores industry in Maryland grown or declined over the past 5 years?

The market size of the Handbag, Luggage & Accessory Stores industry in Maryland has been growing at an average annual rate of 7.1% from 2020 to 2025.

How many employees in the Handbag, Luggage & Accessory Stores industry in Maryland in 2025?

There are 2,651 employees in the Handbag, Luggage & Accessory Stores industry in Maryland, which has been growing at an average annual rate of 4.5% from 2020 to 2025.