Bags and Luggage in France

PROSPECTS

Luxury brands post spectacular sales as tourism sees growth

In 2019, bags and luggage benefited from a rise in purchases by both locals and international visitors, as the number of tourists increased. After a challenging year in 2016, marked by a dip in tourist numbers following terrorist attacks, bags and luggage returned to growth from 2017.

Business bags loses popularity with the trend of wearing sportswear to work

In 2019, the trend towards casual sportwear drove sales of bags suitable for carrying gym gear, and suitable for carrying to go with more casual attire, such as backpacks and duffel bags. Backpacks saw one of the strongest growth rates within bags in 2019.

Rise in air traffic in France positive for luggage manufacturers

Due to the increasing number of people travelling, as well as the rising frequency of travel, there has been strong growth in air traffic in France. This, combined with the launch of innovative products, gave sales of luggage a boost.

COMPETITIVE LANDSCAPE

Louis Vuitton Malletier maintains its lead with innovative designs

Louis Vuitton Malletier maintained its lead in bags and luggage in 2018, benefiting from the return of Asian tourists to France from 2017. Leading the luxury segment, it already has numerous factories in France, and intends to open more.

The luxury second-hand market takes off, threatening growth

The steady rise of the second-hand market is expected to hamper the retail value growth of bags and luggage, as multiple web platforms promoting used items, such as Vinted, are gaining popularity. Luxury brands of bags and luggage are particularly popular via these channels.

Le Tanneur sees hope after Tolomei's takeover

Long-established French manufacturer Le Tanneur produces leather goods, manufacturing a wide choice of handbags, wallets and leather luggage. It is likely to put its difficult financial past behind it in the forecast period, thanks to its takeover by luxury leather manufacturer Tolomei.

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