PROSPECTS AND OPPORTUNITIES
Vintage luxury handbags expected to gain further growth momentum
In Hong Kong, the second-hand market for bags and luggage remains vibrant and diverse, catering for various consumer needs, from luxury goods to everyday items. Fashion enthusiasts can purchase limited-edition items in these second-hand stores, and some of the items are offered at relatively low prices compared to new options.
Increasing adoption of digital payments impacts demand for wallet and coin pouches
The increasing adoption of digital wallets in Hong Kong is expected to reduce the need for traditional wallet and coin pouches in everyday life. The digital wallet has been increasing its relevance in Hong Kong since the pandemic.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Hong Kong, China 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 Hong Kong, China, 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 Hong Kong, China 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 Hong Kong, China?
- Which are the leading brands in Bags and Luggage in Hong Kong, China?
- How significant is tourism in determining sales and demand for Bags and Luggage in Hong Kong, China?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Hong Kong, China?
- 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 Hong Kong, China - Category analysis
KEY DATA FINDINGS
Limited growth for luxury handbags due to shift in tourist spending
Foldable and portable aspects remain essential purchase criteria for luggage
Crossbody bags remains fashionable among younger audiences
Vintage luxury handbags expected to gain further growth momentum
Increasing adoption of digital payments impacts demand for wallet and coin pouches
Personal Accessories in Hong Kong, China - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
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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