Category: Luggage
Luggage market research reports by Euromonitor International
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Bags and Luggage in India
Bags and Luggage in India Bags and luggage experienced significant current value growth in India in 2023, marking a remarkable rebound from the setbacks faced during the COVID-19 pandemic. The category was heavily impacted by lockdown restrictions and decreased travel activity, particularly during t ... Read More
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World Market for Personal Accessories
World Market for Personal Accessories After moderate growth in 2022, global sales of personal accessories grew more strongly in 2023; however, geopolitical issues ,the cost of living crisis and China’s slow recovery suggest a challenging macro environment, pushing personal accessories brands to navi ... Read More
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Selling Jewellery to Gen Z: Opportunities and Challenges
Selling Jewellery to Gen Z: Opportunities and ChallengesTo boost sales, the jewellery industry must focus on Gen Z, which comprises over 23% of the population and has growing purchasing power. The industry faces the challenge of aligning with Gen Z’s values to secure their attention and spending. Te ... Read More
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Luxury Goods in Singapore
Luxury Goods in Singapore Retail value sales of luxury goods in Singapore increased by 11% in 2023 in current terms, to total SGD12.4 billion. Development was still widely defined by recovery and a return to more normal consumer behaviour in terms of working, shopping, travelling, and spending on lu ... Read More
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The Return of Travel and its Impact on Luggage Recovery
The Return of Travel and its Impact on Luggage Recovery The luggage industry faced significant challenges during the pandemic, with sales plummeting in 2020. As COVID-19 restrictions eased in 2021, travel rebounded, aiding sales recovery. However, factors like inflation, the war in Ukraine, and Chin ... Read More
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Retail Shifts in Latin American Fashion
Retail Shifts in Latin American Fashion Fashion sales in Latin America have surpassed pre-pandemic levels by 2022, driven mainly by price increases due to high inflation. E-commerce grew strongly to become the second largest channel, but consumers in the region are still more inclined to buy fashion ... Read More
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Bags and Luggage in South Africa
Bags and Luggage in South Africa Consumers’ disposal incomes in 2022 are being drastically changed by unprecedented economic conditions in South Africa. The impact of rising inflation on food, electricity, and fuel is forcing local consumers to reduce purchases of perceived non-essential items such ... Read More
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Bags and Luggage in South Africa
Bags and Luggage in South Africa Consumers’ disposal incomes in 2022 are being drastically changed by unprecedented economic conditions in South Africa. The impact of rising inflation on food, electricity, and fuel is forcing local consumers to reduce purchases of perceived non-essential items such ... Read More
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Bags and Luggage in Taiwan
Bags and Luggage in Taiwan With COVID-19 restrictions easing in the country, workers are returning to office and work spaces, travel is high once more as borders have reopened, and the vaccine rate is increasing – encouraging consumers to travel once more. As such, the demand for bags and luggage ha ... Read More
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Luxury Goods in the Netherlands
Luxury Goods in the Netherlands Luxury goods is seeing a strong recovery in 2022 with the Netherlands lifting the last of its COVID-19 restrictions. A more positive environment has encouraged some consumers to spend more time outside including returning to shopping in luxury retail stores. The retur ... Read More
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Luxury Goods in India
Luxury Goods in India After the second wave of COVID-19 hit India in the first half of 2021, the pandemic was believed to be under control due to a rise in vaccination rates. Although the country experienced a third wave in early 2022 as a result of the Omicron variant of COVID-19 emerging, its impa ... Read More
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Luxury Goods in Indonesia
Luxury Goods in Indonesia Luxury goods was one of the categories hardest hit in Indonesia by COVID-19 restrictions. The fact that sales of luxury goods are reliant on the premium retail experience became a major Achilles’ heel for the entire industry, as many people remained very reluctant to visit ... Read More
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Luxury Goods in Singapore
Luxury Goods in Singapore Luxury goods in Singapore is set to experience further significant current value growth in 2022, following notable declines in 2020, in the first year of the pandemic. This is largely attributed to the effects brought about by the encouraging vaccination and booster rates, ... Read More
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Luxury Goods in the US
Luxury Goods in the US After seeing a strong negative impact from the COVID-19 pandemic in 2020, luxury goods delivered strong growth and full recovery to the pre-pandemic (2019) level of sales in 2021, driven by the successful rollout of vaccines across the US, the removal of COVID-19-related face ... Read More
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Bags and Luggage in Western Europe
Bags and Luggage in Western Europe Coronavirus (COVID-19) meant that Western European bags and luggage sales recorded a major decline in 2020. The closure of non-essential bricks-and-mortar stores and travel restrictions were among the main COVID-19-related problems for the industry in 2020, and whi ... Read More
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Bags and Luggage in Western Europe
Bags and Luggage in Western Europe Coronavirus (COVID-19) meant that Western European bags and luggage sales recorded a major decline in 2020. The closure of non-essential bricks-and-mortar stores and travel restrictions were among the main COVID-19-related problems for the industry in 2020, and whi ... Read More
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Luxury Leather Goods in Germany
Luxury Leather Goods in Germany When looking at the luxury goods industry in Germany, it comes as no surprise that luxury travel goods was amongst the worst affected categories. Due to travel restrictions and overall fear amongst consumers about travelling, sales in this category dropped considerabl ... Read More
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Bags and Luggage in Asia Pacific
Bags and Luggage in Asia Pacific Sales of bags and luggage returned to positive growth in 2021, following the decline seen in 2020, when Coronavirus (COVID-19) first hit the region. Luggage was particularly badly hit by the closed borders and travel restrictions implemented to contain the spread of ... Read More
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Luxury Leather Goods in Japan
Luxury Leather Goods in Japan Luxury leather goods was severely impacted by the global pandemic in 2020, as stores were forced to close or reduce their opening hours during the state of emergency in April and May. Long-term border closures also made it difficult for the category to experience a soli ... Read More
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Luxury Leather Goods in Brazil
Luxury Leather Goods in Brazil Together with luxury jewellery and designer apparel and footwear, luxury leather goods experienced a turnaround during 2020. From the worst projections in the first half of the year to robust growth posted in the later months, luxury leather goods reached a positive ye ... Read More
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Luxury Leather Goods in Turkey
Luxury Leather Goods in Turkey After having plummeted in 2020 due to the initial fallout of COVID-19, demand for luxury leather goods improved significantly in 2021 as the rollout of vaccines and easing of lockdown measures strengthened growth in the Turkish economy and enabled consumers to begin sp ... Read More
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