PROSPECTS AND OPPORTUNITIES
Stable growth is expected to be supported by travel, sports and the luxury category
Both retail value and volume growth for bags and luggage in Sweden is expected to record stable growth, with retail sales set to grow at a current value CAGR of 5% (2024 constant value CAGR of 3%). Compared to the review period, growth is expected to be steady during the forecast period.
Changing lifestyles, a preference for durability and frequent discounts are set to impact retail value growth
Shifts in consumer behaviour, driven by lifestyle changes, and economic pressures will continue to challenge sales of bags and luggage. While premiumisation and demand for high-quality products will support growth, areas such as business bags and wallet and coin pouches, will be negatively impacted by evolving lifestyles.
Retail e-commerce is expected to grow as consumers appreciate ease and players invest in omnichannel strategies
The share of retail e-commerce in bags and luggage in Sweden is expected to continue growing across the forecast period, albeit at a slower pace compared to the COVID-19 boom. While physical retail remained the most important channel across the review period, retail e-commerce will continue to gain share, especially in categories like bags and luggage, which are relatively convenient and easy to purchase online, with extensive descriptions reducing the need to view in person.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Sweden 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 Sweden, 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 Sweden 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 Sweden?
- Which are the leading brands in Bags and Luggage in Sweden?
- How significant is tourism in determining sales and demand for Bags and Luggage in Sweden?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Sweden?
- 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 Sweden - Category analysis
KEY DATA FINDINGS
Luggage records the strongest uplift in growth, driven by frequent travellers in Sweden
Samsonite and Louis Vuitton lead the landscape offering premium quality to consumers
Eco-friendly materials, traceability and circularity increase as sustainability becomes central to products
Stable growth is expected to be supported by travel, sports and the luxury category
Changing lifestyles, a preference for durability and frequent discounts are set to impact retail value growth
Retail e-commerce is expected to grow as consumers appreciate ease and players invest in omnichannel strategies
Personal Accessories in Sweden - 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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