There are highly fragmented shares in bags and luggage. For much of the review period, fragmentation increased annually.
2021 continues to be beset with travel restrictions, with many consumers re-channelling spending originally intended for travel towards personal luxury goods such as luxury handbags. Another source of robust current value growth for this category may be attributed to consumers bringing forward purchases due to concerns over potentially looming price inflation.
The UAE is a travel hub and there is normally a large demand for luggage from tourists. Lack of tourist demand will thus heavily impact bags and luggage in 2021.
Because bags and luggage sales are very tourist-driven, 2021 developments such as the UAE’s rapprochement with Israel and Qatar brings new opportunities. Travel spending is a major component of retail growth and 2020 brought major reversals to UAE’s formerly adversary stance against Israel and Qatar.
Many companies in the UAE have made it clear that they will be implementing flexible working arrangements, including increased remote work. This has also been accompanied by a casualisation trend.
The sustainability trend is growing and accelerated during the pandemic, as interest about sustainability grew, especially among younger consumers. The COVID-19 pandemic made people vulnerable and worried about climate change, with a growing number fearing that climate change could have the same impact as the pandemic.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in United Arab Emirates 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.
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This report originates from Passport, our Bags and Luggage research and analysis database.
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