PROSPECTS AND OPPORTUNITIES
Low growth is expected as price point will continue to challenge sales in bags and luggage
Growth for bags and luggage is expected to be low throughout the forecast period. These products are not considered essential items, and with a challenging consumer environment predicted, it is likely that discretionary spending will remain limited.
Physical stores are set to remain the main channel of distribution
Although retail e-commerce is set to gain popularity locally, with more online stores launching, physical stores will continue to lead distribution over the forecast period. South Africa has a strong mall culture, and many consumers prefer to shop in person to try bags and determine sizes.
Sales of pre-loved items are set to grow, particularly for luxury goods
Sales of pre-loved goods is set to grow in South Africa over the forecast period, bolstered by platforms such as Yaga, which allow individuals to sell pre-loved items, including bags and luggage. These platforms increase consumer access to affordable products.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in South Africa 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 South Africa, 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 South Africa 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 South Africa?
- Which are the leading brands in Bags and Luggage in South Africa?
- How significant is tourism in determining sales and demand for Bags and Luggage in South Africa?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in South Africa?
- 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 South Africa - Category analysis
KEY DATA FINDINGS
The challenging consumer environment dampens growth in 2024
Low-cost imports from Shein and Temu offer consumers affordability and choice
Players focus on differentiation and premiumisation to drive sales
Low growth is expected as price point will continue to challenge sales in bags and luggage
Physical stores are set to remain the main channel of distribution
Sales of pre-loved items are set to grow, particularly for luxury goods
Personal Accessories in South Africa - 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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