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Learn moreAug 2020
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Bags and luggage is seeing steep declines across all sub-categories, with luggage hit the hardest due to COVID-19 related travel restrictions resulting in cancelled holidays and trips. Luxury handbags is seeing the second steepest decline, as consumers have decreased spending power due to the financial impacts of COVID-19 and people are also socialising less, thus there is a reduced need for high-end personal accessories as fashion and style statements.
Sales of bags through online channels is increasing significantly in 2020, due to the closure of physical stores related to COVID-19. It is expected that this trend will continue, as online shopping becomes more of an ongoing habit for consumers and the e-commerce channel has a lot of potential for re-stimulating sales.
Louis Vuitton Australia Pty Ltd continued to lead bags and luggage in 2019, thanks to the player’s iconic international status. It holds a fairly strong lead on an otherwise fragmented category which plays host to a large number of companies and brands.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Bags and Luggage industry in Australia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Bags and Luggage industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Bags and Luggage in Australia market research report includes:
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Why buy this report?
This industry report originates from Passport, our Bags and Luggage market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.