Due to a second wave of COVID-19 for India during April-June 2021, several countries, including the likes of Canada, the United Arab Emirates and the US, restricted travel for Indians for a brief period. In addition, local consumers were not comfortable with taking international or domestic trips due to constantly changing travel regulations during the year and the fear of becoming stranded if the pandemic worsened.
Since many employees, especially those in IT and ITES industries, are continuing to work remotely in 2021, the requirement for business bags remains subdued. Furthermore, with the emergence of the Omicron variant towards the end of the year in India, many employees are likely to continue to work from home during 2022, even for a brief period.
Some local consumers have felt more comfortable making domestic trips over a weekend or for several days as restrictions have eased in 2021, rather than taking longer international trips. This is resulting in rising demand for duffel bags compared to other luxury travel goods as consumers prefer to take their cars with limited luggage to nearby destinations.
India remains a young country compared to the global average, and has enjoyed increasing disposable incomes over the review period. This rise demonstrates the ability of consumers to make purchases of better quality products.
Weddings in India remain a key occasion when consumers purchase luxury leather goods such as bags, luggage, and wallets. This may be for personal consumption purposes as well as for gifting.
As demand for luxury leather goods has a strong dependency on the travel industry, the latter’s recovery and performance will also benefit sales of this category in India. However, all industries related to travel continue to be impacted by various ongoing or even new restrictions on both domestic and international levels due to the rapidly changing COVID-19 situation.
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Luxury Leather Goods
This is the aggregation of luxury bags and small leather goods and luxury travel goods.See All of Our Definitions
This report originates from Passport, our Luxury Leather Goods research and analysis database.
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