Bags and luggage is expected to register a slight recovery from the impact of the COVID-19 pandemic in 2021, following the drastically negative impact that the health crisis had on the category in 2020. After seeing slow and steady current value growth in most years of the review period, sales of bags and luggage plummeted in 2020, recording a heavy double digit decline in current value sales.
Luxury handbags is expected to be the best performing product area in bags and luggage in 2021 thanks to the partial return of international tourism in Italy from May 2021 onwards. This product area is strongly reliant on the presence of international tourists in Italy, and so the easing of international travel restrictions will help luxury handbags to lead the recovery of bags and luggage.
Luggage was one of the worst hit product areas in bags and luggage in 2020 due to the implementation of strong international and domestic travel restrictions in Italy. Luggage brands such as Samsonite and Roncato witnessed among the steepest declining rates due the restrictions on travelling imposed by anti-COVID legislation and the related consequences on the demand of luggage.
Over the forecast period, bags and luggage is expected to post a much stronger recovery as the threat of COVID-19 subsides and international tourism gradually picks up again. Retail current value sales are expected to return to pre-COVID-19 levels by the end of the forecast period, with 2022 expected to see the fastest growth thanks to the expected boom in international tourism once travel restrictions come to an end.
Over the forecast period, e-commerce is expected to remain one of the most dynamic distribution channels, boosted by the double digit growth recorded for the channel in 2020 and 2021 as a result of the limitations imposed during national lockdowns. The pandemic accelerated the dynamic development of the e-commerce in Italy.
Italian consumers’ interest in sustainability in leather goods has been growing in the recent years but this trend accelerated during the pandemic as Italians became more sensitive to sustainability trends. Young Italian consumers especially are more interested in where and how their products are made than ever before, and leading brands in bags and luggage are beginning to respond to this trend by including sustainability in their strategies.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Italy with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Bags and Luggage industry in Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Bags and Luggage research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Home Page