PROSPECTS AND OPPORTUNITIES
Handbags, luggage and brand/retail collaborations likely to lead developments over the forecast period
Bags and luggage is anticipated to register positive growth in value (at constant 2024 prices) and retail volume terms over the forecast period. Handbags, particularly luxury handbags, and luggage sales are likely to continue to drive category growth, as tourism flows return to their pre-pandemic rates, and travellers “make up for lost time” by travelling beyond their own borders, either for international travellers to visit Australia or local voyagers looking to venture further afield.
Circular economy stewardship initiatives to shift textiles industry towards greater sustainability
The competitive landscape of bags and luggage in Australia features many apparel and footwear brands that have extended their ranges to handbags, wallet and coin purses, and other small bags, to ensure greater customer loyalty through a broader product offering. As a result, many of these manufacturers and retailers will be looking to reduce their contributions to landfill and increasing their commitment to circular economy principles over the forecast period.
Greater polarisation within retail development
Bags and luggage specialists is expected to remain as the leading distribution channel for bags and luggage in Australia over the forecast period, as growth within retail e-commerce begins to plateau. Given the high penetration of luxury brands within the category, the in-store experience is paramount to the purchase of handbags.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Bags and Luggage industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Bags and Luggage in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Bags and Luggage in Australia?
- Which are the leading brands in Bags and Luggage in Australia?
- How significant is tourism in determining sales and demand for Bags and Luggage in Australia?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Australia?
- In the wake of COVID-19, how soon can Bags and Luggage be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Bags and Luggage in Australia - Category analysis
KEY DATA FINDINGS
Resumption of inbound and outbound travel flows a boon to luggage sales
Competitive landscape offers a mix of luxury conglomerates, lifestyle specialists and local favourites
Circular economy design principles, small batches, independent creators and responsible sourcing lead shift towards sustainability
Handbags, luggage and brand/retail collaborations likely to lead developments over the forecast period
Circular economy stewardship initiatives to shift textiles industry towards greater sustainability
Greater polarisation within retail development
Personal Accessories in Australia - Industry Overview
Personal accessories in 2024: The big picture
Influence of Generation Z and millennials shapes consumer behaviour
Innovative new product development, expanding engagement and corporate acquisition ensure dynamic competitive landscape
Retail developments focus on increasing vertical integration of specialists and building seamless omnichannel strategies
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Bags and Luggage
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- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
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- Non-Luxury Handbags
- Luxury Handbags
- Wallet and Coin Pouches
- Other Small Bags
- Luggage
Bags and Luggage
Bags and Luggage includes bags and cases which serve common everyday purposes or specific functions during travel, sports, or formal occasions. However, all sports equipment bags (e.g. golf, tennis, and bowling), insulated food and beverage bags, and musical instrument cases are excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Bags and Luggage research and analysis database.
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