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Strategy Briefing

Identifying Opportunities in a Slowing Global Bags and Luggage Market

31 pages, Feb 2013

US$1,200

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Economic uncertainty has led to a poor performance by the global bags and luggage industry. This report examines the impact of the economic situation on the industry globally and regionally. Euromonitor International also take a look at business opportunities that have arisen due to changes in consumer habits, preferences, usage of technology and tourism.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Everyday bags the major value contributor

Everyday bags is the major category that stands out in terms of value and volume contribution, driven by the fashion orientation and functionality of these frequently used bags compared to the other categories.

Western and Eastern Europe see different buying trends

The European debt crisis is having different effects on Western and Eastern European consumers. While Western Europeans are wary of the economic uncertainty, Eastern Europeans are readily purchasing bags according to fashion and the different seasons.

Technological gadgets influence consumers’ choice of bags

Rapidly growing sales of smartphones and tablets are having an influence on consumers’ purchasing decisions in bags. Consumers are opting for “hands-free” products that allow them to be in contact with their IT gadgets when on the move.

High quality bags to last longer

There is a trend for consumers to purchase bags that are made of better quality materials and are well designed, as they are perceived to last longer. This is evident in higher value sales growth than volume growth.

Aspirational consumer buying – “affordable luxury”

Those consumers who cannot afford luxury handbags are frequently opting for luxury wallets, coin pouches and smalls bags, which offer a relatively affordable way for them to enter the luxury world.

Internet retailing provides alternative for both consumers and retailers

The evolution of internet retailing has created opportunities for consumers and retailers. Savvy consumers are now able to get limited edition chic bags at more easily, while retailers are able to reach a wider group of consumers across borders.

What this report includes

Up-to-the minute analysis of the latest trends in the industry
New product development, forecasts and other themes
Unique graphics and illustrated case studies
Most recent brand and company news
New insight into the size and shape of the market

Why buy this report

Clear, concise powerpoint format makes it easy to digest
Leading industry opinion keeps you abreast of latest news and trends
Forward-looking outlook on a category, market or issue affecting the industry
Latest five year forecasts assess how the market is predicted to develop
Understand the competitive environment, the leading players and brands

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Introduction

Scope

Key findings

Global Performance

Global bags and luggage growth slows in 2012

Overview of the global bags and luggage market

Regional Insights

Regional performances in bags and luggage

Asia Pacific leading global growth but face slowdown

Western and Eastern Europe consumers react differently

North America seeing growth but below pre-recession levels

Category Insights

Consumer demand for “hands-free ” bags

High quality bags preferred despite higher prices

Aspirational consumption: The search for “affordable luxury”

Case Studies

Caste Study: United Arab Emirates: A unique market

Young population and immigrants drive demand in UAE

Case Study: Recession and new policies affect luggage sales

Recession and new airline policies: New luggage demand trends

Case Study: The progress of internet retailing

Internet retailing: Alternative for both consumers and retailers

What the Future Holds

Emerging markets thrive, Western Europe a mixed story

Luggage and business bags continue to lead sales

Bags and luggage: Drivers and challenges

Report Definitions

Data parameters and report definitions

Product category definitions

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Megatrends

Strategy Briefing

Identifying Opportunities in a Slowing Global Bags and Luggage Market

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Everyday bags the major value contributor

Western and Eastern Europe see different buying trends

Technological gadgets influence consumers’ choice of bags

High quality bags to last longer

Aspirational consumer buying – “affordable luxury”

Internet retailing provides alternative for both consumers and retailers

What this report includes

Why buy this report

Want to find out more about this report?

Table of Contents

Introduction

Scope

Key findings

Global Performance

Global bags and luggage growth slows in 2012

Overview of the global bags and luggage market

Regional Insights

Regional performances in bags and luggage

Asia Pacific leading global growth but face slowdown

Western and Eastern Europe consumers react differently

North America seeing growth but below pre-recession levels

Category Insights

Consumer demand for “hands-free ” bags

High quality bags preferred despite higher prices

Aspirational consumption: The search for “affordable luxury”

Case Studies

Caste Study: United Arab Emirates: A unique market

Young population and immigrants drive demand in UAE

Case Study: Recession and new policies affect luggage sales

Recession and new airline policies: New luggage demand trends

Case Study: The progress of internet retailing

Internet retailing: Alternative for both consumers and retailers

What the Future Holds

Emerging markets thrive, Western Europe a mixed story

Luggage and business bags continue to lead sales

Bags and luggage: Drivers and challenges

Report Definitions

Data parameters and report definitions

Product category definitions

Product category definitions

Product category definitions

Why buy this report?

Want to find out more about this report?

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