Bags and Luggage

Despite currency volatility, Bags and Luggage in Western Europe stays strong and resilient. Backpacks and handbags remain the main growth drivers, and luxury conglomerates continue to dominate rankings. However, over the forecast period, they will ...

Bags and luggage value sales are expected to grow at a CAGR of 3% at constant 2018 prices over the forecast period, with all categories projected to see growth. Growth in the category is being driven by new product innovations featuring functional ...

Personal accessories is on the right path, with accelerating growth as a result of the recovery of watches, and strong performance within jewellery, the main value generators of the industry. Personal accessories is set to continue cashing in on ...

Fashion-conscious local consumers purchased well-established brands, but less frequently, throughout 2017 and 2018. Many of them opted to shop in Western countries where prices were lower due to currency rate fluctuations and profit margin ...

Key to the growth of bags and luggage in Romania has been the strong growth in consumer incomes with the minimum wage being increased by a further 9% in 2018, following a previous increase of 16% in 2017. As a result, consumers are becoming ...

Mid handbags was the best performing category in bags and luggage in 2018. Both local and international brands performed well thanks to rising demand for mid handbags for daily use. Luxury handbags also recorded healthy growth, although some luxury ...

Fast fashion sales declined in Sweden during 2017, with this trend continuing in 2018 and consumers now spending more on beauty products instead. This has mainly impacted basic items, which saw a decline in sales in 2017. However, in 2018, sales of ...

Bags and luggage in China registered stable retail current value growth in 2018 as the boom in tourism continued to drive demand. According to data from the Ministry of Culture and Tourism of the People’s Republic of China, domestic tourist numbers ...

Demand for luggage remained positive in 2018, with manufacturers and retailers investing in promoting more advanced and functional products. The fact that Dutch consumers are open and willing to pay a higher price for quality and design in luggage ...

The increase in the female working population and rising ability to work remotely led to a surge in the sales of bags in 2018 as women turned to handbags to carry their laptops and work material. With increased purchasing power, women purchased ...

Bags recorded moderate retail volume growth in 2018, mainly driven by population growth. The high inflation rate in 2017 had a negative effect on general prices and eroded consumer purchasing power and thus many shoppers reduced their spending on ...

Both luxury and non-luxury brands offered personalisation services as a key distinguishing factor to attract consumers. Among leading luxury brands, Bottega Veneta embraced personalisation as an added-value service. Followed by the opening of a new ...

As companies in Singapore become more receptive to casualwear at work, Singaporeans are seeking backpacks to match their casual outfits. Furthermore, as Singaporeans become more active, they prefer the practicality and convenience of a backpack that ...

The backpack is ubiquitous in Canada among students and commuters, the category enjoyed strong growth over the review period and is expected to continue to flourish. Canadian success story Herschel Supply Co Ltd entered the category in 2009 and used ...

Consumers are increasingly travelling, both locally and internationally, especially as a result of lower airfares. This is helping to boost sales of luggage, bigger bags like backpacks and duffel bags, as well as small bags that serve as travel kits ...

Women are the key consumers of bags and luggage in Taiwan with handbags becoming an increasingly important accessory. With an improving economic scenario women are increasingly looking to trade up from basic handbags to mid and luxury handbags, with ...

In 2018, bags and luggage continued to recover its volume sales, having declined during the crisis years of 2014 and 2015, as consumer confidence was higher following recovery of the domestic economy and rising official salaries. Ukrainians were more...

With favourable economic conditions and low unemployment, the frequency of travel amongst German consumers of all ages increased, which continued to drive the growth of bags and luggage. Duffel bags in particular benefited from the increase in ...

In bags and luggage, retail current value sales grew faster in 2018 than in 2017, strongly backed by the rebound in the number of tourists from mainland Chinese. According to the Hong Kong Tourism Board, inbound arrivals from mainland China increased...

Bags and luggage is projected to witness a paradigm shift, with an increasing number of consumers demanding branded bags and luggage due to the implementation of the GST. While bags and luggage is influenced by a large number of regional companies ...