PROSPECTS AND OPPORTUNITIES
Luxury handbags drive growth, while business bags are challenged by new working models
The bags and luggage category is expected to perform well throughout the forecast period, with positive retail value and volume growth driven by continued demand for handbags and luggage. Luxury handbags are projected to lead value growth and are set to see the most dynamic performance.
Retail e-commerce and social media increasingly drive sales in bags and luggage
While bags and luggage specialists remained the leading channel for distributing bags and luggage in 2024, this. channel is expected to face slight stagnation, and even a slight decline over the forecast period.
Sustainability and technological advancements will shape innovations within luggage
The demand for luggage is expected to remain positive throughout the forecast period as Swiss consumers continue to travel. The strong demand for hard-shell cases and trolleys will be a significant driver of sales, leading to increased volume and value growth rates for luggage.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Switzerland 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 Switzerland, 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 Switzerland 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 Switzerland?
- Which are the leading brands in Bags and Luggage in Switzerland?
- How significant is tourism in determining sales and demand for Bags and Luggage in Switzerland?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Switzerland?
- 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 Switzerland - Category analysis
KEY DATA FINDINGS
Duffle bags and luxury handbags drive retail volume growth, challenging sales in other bag areas
Luxury handbags lead sales as brands focus on social media to engage consumers
Hermès International SCA retains its lead, innovating to engage consumers
Luxury handbags drive growth, while business bags are challenged by new working models
Retail e-commerce and social media increasingly drive sales in bags and luggage
Sustainability and technological advancements will shape innovations within luggage
Personal Accessories in Switzerland - 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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