Backpacks, luxury handbags and luggage are expected to lead throughout the forecast period, with the strongest performance predicted from 2023 to 2025. This will be fuelled by tourism expenditure as current value sales continue to return to pre-pandemic levels.
As retailers continue to develop e-commerce platforms and invest in creating seamless shopping experiences, during 2023-2027, luxury bags are expected to show further current value growth. E-commerce sales of bags is expected to make up more than a quarter of sales in 2027.
Non-luxury will continue to suffer from a gradual current value sales decline across the forecast period, while luxury is expected to drive the handbags landscape in Sweden throughout 2023-2027. As luxury retailers adopt sustainability principles much quicker than fast fashion retailers, which rely on inventory quantities rather than qualities, non-luxury value share is expected to shrink.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Sweden with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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