Identifying Opportunities in a Slowing Global Bags and Luggage Market

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