The market is dominated by foreign suppliers, as imports account for 76.6% of total market size in 2020. Households drive market demand, with household spending representing 56.1% of total demand in 2020. Canada has the 11th largest market size for luggage, handbags and saddlery across the top 20 developed countries, with demand reaching USD1.8 billion in 2020. Levy’s Leathers Ltd is the largest company in Canada, generating 1.3% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 5.8% of total production value in 2020. The total number of companies decreases in 2020, to 337 units. The costs of the industry decrease by 10% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 4.0% of production value in 2020, the 20th highest across the top 20 developed countries. With production value of USD253 million, Canada accounts for 5.7% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Luggage, Handbags and Saddlery in Canada: ISIC 1912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Luggage, Handbags and Saddlery in Canada: ISIC 1912 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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