PROSPECTS AND OPPORTUNITIES
Polarisation is expected as both affordable and luxury bags gain ground
Retail sales of bags and luggage are set to grow at a current value CAGR of 6% (2024 constant value CAGR of 3%) over the forecast period. Much of this growth will be driven by increasing interest among local consumers surrounding personal image, and frequent travel.
Technological integration is expected to gain ground among tech-savvy consumers
Technological integration is expected to be seen in the bags and luggage market over the forecast period, reflecting global trends within the category. Internationally, the rise of smart luggage has garnered significant attention, with features such as built-in USB charging ports, and biometric locks becoming increasingly popular among tech-savvy travellers.
Backpacks are set to record a strong volume performance as Romanians take part in sporting activities
Romania has seen a significant surge in sports activities and health-conscious behaviours across the review period. Hiking, in particular, has emerged as a popular pastime, bolstered by extensive media promotion and the expansion of sports retailers such as Decathlon.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Romania 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 Romania, 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 Romania 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 Romania?
- Which are the leading brands in Bags and Luggage in Romania?
- How significant is tourism in determining sales and demand for Bags and Luggage in Romania?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Romania?
- 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 Romania - Category analysis
KEY DATA FINDINGS
The revival of international and domestic travel boosts growth in luggage
Seasonality impacts buying habits within the bags and luggage category
Handbags record a positive performance while business bags are challenged by remote working
Polarisation is expected as both affordable and luxury bags gain ground
Technological integration is expected to gain ground among tech-savvy consumers
Backpacks are set to record a strong volume performance as Romanians take part in sporting activities
Personal Accessories in Romania - 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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