Handbag, Luggage & Accessory Stores in Canada - Industry Market Research Report

Handbag, Luggage & Accessory Stores in Canada - Industry Market Research Report

Handbag, Luggage & Accessory Stores in Canada

Over the past five years, the Handbag, Luggage and Accessory Stores industry expanded alongside a robust pandemic recovery, boosting travel and demand for luggage. Intensifying competition from e-tailers and mass merchandisers challenged small-scale stores and retailers with a heavy focus on brick-and-mortar. Still, the proliferation of e-commerce has supported stores with an established online presence as consumers have increasingly shifted their spending online. Over the past five years, revenue has expanded at a CAGR of 2.6%, reaching an estimated $2.7 billion in 2023. A persistent rise in e-commerce and high-income households will boost revenue by an estimated 2.9% in 2023 alone.

This industry includes specialty retailers that predominantly sell handbags, luggage, briefcases and clothing accessories, such as hats, wallets and neckwear. While some businesses may also sell apparel or footwear, such sales are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.