Luggage wheels and leather handles are easily damaged in storage due to Singapore's humidity. In addition, repair costs are relatively high in comparison with the cost of purchasing a new piece, with a luggage handle, for instance, costing approximately SGD50, and a single wheel SGD20.
The overall unit prices in several categories are declining steadily, due to the increasing presence of private label lines and lower-cost alternatives and the rise of cross-border e-commerce. However, the popularity of cross-border e-commerce is not expected to translate into a drastic decline for most brands in the forecast period, for two reasons.
Novelty is a marketing strategy utilised by many existing stores. Apart from luxury and mass-market brands, many contemporary brands are choosing to highlight their uniqueness through hand-picked selections of purses from a region or country, typically revolving around Korea or Japan.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Singapore 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 Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Bags and Luggage
Bags and Luggage includes bags and cases which serve common everyday purposes or specific functions during travel, sports, or formal occasions. However, all sports equipment bags (e.g. golf, tennis, and bowling), insulated food and beverage bags, and musical instrument cases are excluded.See All of Our Definitions
This report originates from Passport, our Bags and Luggage research and analysis database.
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