Bags and Luggage in Western Europe

Western Europe is the third largest region in sales of bags and luggage, valuing for some 16% of global sales, at USD 23.5 billion in 2018.

Despite currency volatility, Bags and Luggage in Western Europe stay strong and resilient. Backpacks and handbags remain the main growth drivers, and luxury conglomerates continue to dominate rankings. However, over the forecast period, they will face stiff competition from fast fashion retailers, as consumers seek bargains. Increasing travel rates and social media trends have boosted luggage sales, while wallets and coin pouches face an uncertain future with the rise of the cashless society.

The Bags and Luggage in Western Europe global briefing offer detailed strategic analysis of the global Personal Accessories market by pinpointing growth sectors and identify factors driving change. The report identifies leading companies and brands within the keenly contested, fashion-driven competitive landscape, trend developments, economic/lifestyle influences, seasonal patterns, market and distribution strategies. Forecasts illustrate how the market is predicted to develop between mature and emerging countries, threats facing the business as well as opportunities to be seized for further growth.

Market Overview

UK poses CAGR of 6.2%. The region’s modest CAGR reflects the instability caused by terrorist attacks and currency and economic volatility. Bags and luggage sales are predicted to post a CAGR of 2.4%.

Luxury brands continue more popularity as industry increases in spite of currency distress

Travel rates are increasing throughout Western Europe, with consumers seeking experiences and portray the advantage of cheaper prices. This has supported the luxury industry as they dominate the top five company rankings throughout the region. They have aCAGR of 4.2%.

Handbags serve as main category growth drivers, with luxury and basic handbags predicted to have better performances. As consumer habits and tastes become increasingly polarised, quality of fast fashion improves. Thus, mid handbags unit prices will drop as the category starts to amalgamate into the lower price range.

Product coverage: Bags and Luggage, Jewellery, Watches, Writing Instruments. 

Data coverage: market sizes (historic and forecasts), company shares, brand shares, and distribution data.

Why buy this report?

* Get a detailed picture of the Personal Accessories market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Bags and Luggage in Western Europe
Euromonitor International
January 2019
Introduction
Regional Overview
Leading Companies and Brands
Forecast Projections
Country Snapshots


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Western Europes market on Bags and Luggage is varied, and cannot be determined single-handedly. This report does give the best of the industry analysis.