Business bags is the only bags and luggage category that is projected to see a decline in its volume sales in the UK during the forecast period. Consumers are becoming increasingly attracted to compactness, convenience, and multipurpose uses.
Within bags and luggage, luxury handbags is projected to see healthy current value growth during the forecast period, outperformed only by luggage. Indulgence amongst high-spending Britons, coupled with the return of inbound tourism and the spending power of Asian, North American and Western European tourists, is expected to fuel volume and current value sales in the coming years.
The popularity of the second-hand market in the UK has seen growth in recent years. Further accelerated by COVID-19 and the increase in the cost of living in 2022, consumers have started looking towards it more frequently as a way to indulge themselves with luxury items with a more manageable price tag.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in United Kingdom 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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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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