PROSPECTS AND OPPORTUNITIES
Robust growth expected for bags and luggage, but consumers will remain price-sensitive
Retail sales of bags and luggage are predicted to see buoyant growth in current value terms throughout the forecast period. Growth will benefit from an increase in local purchasing power, thanks to softening inflation, which will lead to an increase in discretionary spending.
Gen Z shofts towards towards luxury brands, often buying second-hand
Gen Z consumers are increasingly engaging with fashion, driven by interests in health, beauty and sustainability. They consider luxury items as integral to their lifestyle and status.
Surabaya is poised to become a key driver of growth in luxury handbags
While the capital city of Jakarta is considered the commercial hub of Indonesia, Surabaya is increasingly seen as a market with huge potential for investors. With its vibrant economy, developed infrastructure and growing middle-class population, which is increasingly interested in luxury brands, it offers attractive prospects for international and local traders looking to gain share in bags and luggage.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Indonesia 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 Indonesia, 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 Indonesia 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 Indonesia?
- Which are the leading brands in Bags and Luggage in Indonesia?
- How significant is tourism in determining sales and demand for Bags and Luggage in Indonesia?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Indonesia?
- 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 Indonesia - Category analysis
KEY DATA FINDINGS
Uptick of tourism boosts demand for luggage in Indonesia in 2024
Local players compete with international brands for share
Second-hand sales of luxury bags reflects consumer interest in sustainability and circular economy
Robust growth expected for bags and luggage, but consumers will remain price-sensitive
Gen Z shofts towards towards luxury brands, often buying second-hand
Surabaya is poised to become a key driver of growth in luxury handbags
Personal Accessories in Indonesia - 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
-
- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
-
- 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.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!