INDUSTRIES

&

MARKETSLuggage

&

Bags:

market

data&

analysisMarket

Insights

reportDecember

2023MARKET

INSIGHTSThis

report

is

part

ofour

Market

Insights

productGain

abetter

understanding

ofmarkets

across

190+

geographical

entities

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onaglobal,

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mobility,

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technology1,000+

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e.g.,

FinTech,

Food,

orRobotics???KPIs,

e.g.,

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market

shares,

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and

volumeFeatures:

Compare

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&

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cases:

sales

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support,

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management10190+geographicalentities1,000+400+Find

out

more

on:https://www.sectorsmarketsreportsGo

toMarketInsightscom/outlook/2MARKET

INSIGHTSMarke

t

Insights

–

market

data,forecasts,

and

qualitative

insightsThe

Luggage

&

Bagsmarket

is

part

of

the

Accessoriesmarket.10190+geographicalentities1,000+400+Find

out

more

on:AccessoriessectorsmarketsreportsGo

toAccessories

market3Table

of

ContentsOverviewAppendixSummary678ProductOverviewAuthor2122Market

DefinitionKey

TakeawaysMarket

NumbersRevenue1013161819AverageRevenueper

CapitaBrand

shareOnline

Revenue

ShareMobile/Desktop

Split4CHAPTER

1OverviewEvolving

trends

in

the

global

Luggage

and

Bags

marketOverview:

SummarySummaryThe

global

luggage

and

bags

marketis

demonstrating

consistent

growth,outpacing

overall

global

economic

trends.

This

industry

not

only

satisfies

theincreasing

demand

fora

variety

of

travel

gear

andstylish

bags

but

also

stands

asa

significant

driver

of

the

global

economy.

The

allure

of

international

designs

andcultural

influencesin

luggage

and

bags

has

made

shopping

for

these

accessoriesa

widespread

practice

during

international

travel,

further

fueling

the

expansion

ofthe

market.luggage

and

bags

more

commonplace,

enabling

consumers

to

acquire

distinctiveand

personalized

pieces

to

complement

their

travel

needs.

The

market'sresilience

and

steady

growth

underscore

the

enduring

appeal

of

luggage

andbags

as

sought-after

accessories,

catering

to

the

diverse

tastes

and

preferences

ofconsumers

worldwide.In

this

dynamic

landscape,

therole

of

brands

ininfluencing

consumer

decisionshas

evolved,

driven

by

the

ascent

of

social

media

and

influencer

marketing.Platforms

such

as

Instagram

and

influential

bloggers

now

play

a

pivotal

role

inshaping

brand

perception

and

determining

the

target

demographic

for

luggageand

bags.

Consequently,

the

industry's

growth

not

only

reflects

the

enduringcharm

of

these

accessories

but

also

highlights

the

evolving

dynamics

of

consumerengagement

and

brand

influence

in

the

digital

ageBrands

play

a

crucial

role

in

shaping

consumer

preferences

within

the

luggageand

bags

market.

The

traditional

impact

of

well-established

brands

hastransformed,

with

social

media

and

influential

bloggers

now

exertingconsiderable

influence

on

brand

awareness.

These

platforms

have

becomeinstrumental

in

shaping

brand

perception

and

identifying

the

specific

targetaudience

for

luggage

and

bags.Theaccessibility

of

affordableair

travel

has

madeinternational

shoppingfor6Sources:Market

Insights

2024Luggage

&

Bags

is

an

important

part

of

the

Accessories

marketOverview:

Market

DefinitionMarket

definitionDefinition:The

Bags&

Containers

segment

covers

a

variety

of

containers

to

store

andtransport

items.

This

includes

travel

bags,backpacks,

tote

bags,thermal

bags

forfood

or

beverages,

toiletry

bags,and

sports

bags.TheLuggage&

Bagsmarketconsists

ofopen

and

closable

containers

madefromanymaterial

to

transportitems.Structure:The

Luggage

&

Bags

marketis

divided

into

the

four

sections:TheSuitcases

&

Briefcases

marketincludes

trunks,

suitcases,

beauty

cases,briefcases,

document

cases,

and

schoolbags

madefrom

anymaterial.

Excludedare

travel

bags,

backpacks,

instrument

cases,

and

tool

bags.TheHand

bags

marketcomprises

smaller

bags

that

contain

items

of

everydayuse.The

Wallets

&

Little

Cases

market

covers

articles

(made

from

any

material)

thatcan

be

carriedin

a

handbag

such

as

wallets,

coin

purses,

key

cases,

cigarettecases,

and

tobacco

pouches.7Sources:Market

Insights

2024Luggage

&

Bags

accounted

for

31.39%

of

the

Accessories

market

revenue

in2022Overview:

Key

Takeaways

and

in

scope

/

out

of

scopeKey

TakeawaysIn

scopeThis

market

includes:?

SuitcasesOut

of

scopeIn

2023,

the

revenue

in

the

Luggage

&

Bags

marketworldwide

is

estimated

to

beUS$177.0bn.This

market

excludes:It

isprojected

to

experiencean

annual

growth

rateof

3.93%

(CAGR

2023-2028).?

Protective

bags

and

covers

forelectronic

deviceslike

notebooks

orcamerasAmong

all

countries,

in

the

United

States

generates

the

highest

revenue,

reachingUS$28.73bn

in

2023.?

Handbags?

Small

leather

goods?

Backpacks

and

sports

bags?

Toiletry

bagsWhen

considering

the

population

size,

the

per

person

revenue

in

2023

amounts

toUS$23.03.Despite

the

global

economic

downturn,

the

demand

for

luxury

luggage

and

bags

incountrieslike

France

and

Italy

remains

strong

due

to

their

reputation

for

high-quality

craftsmanship

and

fashion-forward

designs.8Sources:Market

Insights

2024CHAPTER

2Market

NumbersLuggage

&

Bags

revenues

are

estimated

to

increase

at

a

CAGR(1)

of

2.6%

from2018

to

2028Market

Size:

GlobalRevenue

in

billion

US$218.8528.30+2.6%(1)212.0327.29205.3026.27196.6025.10187.6223.89176.9822.44172.5621.53169.5321.03152.0719.07153.5919.4054.4956.6952.7455.1551.0553.6648.8451.2946.5648.86125.3515.6243.9046.0243.0545.3442.3944.5837.8139.4438.1739.9431.2432.4279.37202871.37202574.32202676.85202768.31202461.53201862.64201964.62202355.75202156.0846.0720202022HandbagsBags

&

ContainersSuitcases&

BriefcasesWallets

&

Little

Cases10

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2024With

revenue

of

US$

64.0

billion,

Asia

is

the

biggest

market

among

selectedregions

in

2022Market

Size:

Regional

Comparison

(1/2)Revenue

in

billion

US$+6.1%(1)91.12+4.3%(1)63.98+5.8%(1)41.4251.91+9.9%(1)31.8340.2929.52+7.1%(1)18.101.7020222.57202220282022202820222028202220282028EuropeAfricaAmericasAsiaAustralia

&

Oceania11

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2024With

revenue

of

US$

25.5

billion,

the

United

States

is

the

biggest

market

amongselected

countries

in

2022Market

Size:

Regional

Comparison

(2/2)Revenue

in

billion

US$+3.4%(1)31.12+6.7%(1)25.2825.4617.15+3.6%(1)5.84+4.6%(1)5.71+4.7%(1)4.584.734.363.482022202820222028202220282022202820222028ChinaUnited

StatesUnited

KingdomGermanyFrance12

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2024Luggage

&

Bags

average

revenue

per

capita

is

estimated

to

increase

at

a

CAGR(1)of

1.7%

from

2018

to

2028Market

Size:

GlobalAverage

revenue

per

capita

in

US$+1.7%(1)27.363.5426.713.4426.073.3425.173.2124.223.0823.042.8623.212.9023.032.9220.102.5220.152.546.817.096.646.956.486.816.256.5716.702.086.016.315.766.065.796.105.715.995.005.215.015.244.164.329.449.689.928.829.148.368.428.417.377.366.1420182019202020212022202320242025202620272028HandbagsBags

&

ContainersSuitcases&

BriefcasesWallets

&

Little

Cases13

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2024With

average

revenue

per

capita

of

US$

40.1,

the

Americas

is

the

biggest

marketamong

selected

regions

in

2022Market

Size:

Regional

Comparison

(1/2)Average

revenue

per

capita

in

US$+6.0%(1)56.65+3.7%(1)49.82+5.8%(1)49.1540.1239.9734.95+7.5%(1)22.44+5.5%(1)19.6014.5714.252022202820222028202220282022202820222028EuropeAfricaAmericasAsiaAustralia

&

Oceania14

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2024With

average

revenue

per

capita

of

US$

75.2,

the

United

States

is

the

biggestmarket

among

selected

countries

in

2022Market

Size:

Regional

Comparison

(2/2)Average

revenue

per

capita

in

US$+2.9%(1)89.23+4.4%(1)87.35+3.3%(1)84.8675.25+4.8%(1)55.1670.0467.4541.72+6.7%(1)17.7111.9720222028202220282022202820222028Germany20222028ChinaUnited

StatesUnited

KingdomFrance15

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2024In

2022,

Louis

Vuitton

had

the

highest

share

in

Luggage

&

BagsFurther

Market

AnalysisBrand

share

in

202216Sources:Market

Insights

2024In

the

Luggage

&

Bags

market,

online

revenue

share

reached

23.0%

in

2022Further

Market

AnalysisOnline

Revenue

Share10%90%201711%13%22%23%23%22%24%26%27%89%87%78%77%77%78%76%74%73%201820192020202120222023202420252026Offline

Revenue

ShareOnline

Revenue

Share17Sources:Market

Insights

2024In

the

Luggage

&

Bags

market,

mobile

revenue

share

reached

52.0%

in

2022Further

Market

AnalysisMobile/Desktop

Split42%45%46%47%49%52%54%55%57%59%58%55%54%53%51%48%46%45%43%41%2017201820192020202120222023202420252026Desktop

Revenue

ShareMobile

Revenue

Share18Sources:Market

Insights

2024CHAPTER

3AppendixMARKET

INSIGHTSMarke

t

Insights

–

market

data,forecasts,

and

qualitative

insightsGain

a

better

understanding

ofmarkets

across

190+

geographical

entities

–

on

a

global,regional,

country,

and/or

state

level.

Access

our

data

via

web

interface,