COMPETITIVE LANDSCAPE
Hermès maintains leadership with timeless designs and customer experience
The bags and luggage landscape in Mexico was fragmented in 2025, with multiple players competing for share. The leading manufacturers were Hermès de Paris Mexico SA de CV, Capri Holdings Ltd, and Grupo Piagui SA de CV, all with 3% value share, indicating a competitive landscape with no dominant player.
Resale and rental trends influence retail channel mix and consumer behaviour
Start-ups such as Troquer lead the way for second-hand luxury retail, offering authenticated luxury bags, clothing, and accessories at discounted prices. The platform's partnership with chained department store Liverpool to offer authenticated luxury items highlights the growing demand for high-quality, affordable alternatives among mid-income consumers.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Mexico 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 Mexico, 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 Mexico 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 Mexico?
- Which are the leading brands in Bags and Luggage in Mexico?
- How significant is tourism in determining sales and demand for Bags and Luggage in Mexico?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Mexico?
- 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 Mexico - Category analysis
KEY DATA FINDINGS
Despite slowdown, category presents opportunities in luxury and technological innovation
adidas looks to drive sales with cultural and sustainable appeal
Luggage technology integration propels luggage growth amid the dominance of bags
Second-hand luxury gains traction driven by circular economy principles
Luxury handbags expected to drive growth with iconic pieces
Technological innovations to redefine luggage design and consumer preferences
Second-hand luxury shopping set to gain further traction among younger consumers
Hermès maintains leadership with timeless designs and customer experience
Resale and rental trends influence retail channel mix and consumer behaviour
Department stores leads with product variety and flexible payment options
Retail e-commerce drives growth with fast delivery and flexible options
Personal Accessories in Mexico - Industry Overview
Personal accessories outpaces GDP growth in Mexico
Market polarisation affects value sales growth in personal accessories
Innovation throughout the value chain drives personal accessories sales
Luxury resale market expands as younger consumers embrace circular economy
Future growth to be driven by premiumisation and technological integration
Luxury resale market set to boom with rental and resale trend
Mexican personal accessories landscape driven by growing interest in luxury products
Department stores leads distribution through promotions and financial services
COUNTRY REPORTS 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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