PROSPECTS AND OPPORTUNITIES
Travel is expected to continue to drive growth over the forecast period
Bags and luggage in the UK is expected to record low but steady retail volume growth over the forecast period, although value sales (at constant 2024 prices) are predicted to weaken from 2027. However, luxury handbags and luggage are expected to continue to perform strongly.
Rising cost of business in the UK to persist
While key types of bags and luggage are expected to prosper across the forecast period, the overall category will continue to face macroeconomic pressures that inhibit stronger growth prospects. The rising costs of raw materials, especially leather, are expected to persist, along with growing pressures on visibility across supply chains, requiring some adjustments that may carry additional costs to brands for production to align with regulations and remain competitively positioned in a changing market.
Distribution strategies to remain dynamic
Over the forecast period, distribution channels for bags and luggage are expected to continue diversifying with a greater focus on specialist retailers and digital-first or omnichannel selling strategies. The increasing consumer-driven demand for convenience will likely continue to shape the path to purchase, both online and through traditional bricks-and-mortar channels.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in United Kingdom 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 United Kingdom, 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 United Kingdom 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 United Kingdom?
- Which are the leading brands in Bags and Luggage in United Kingdom?
- How significant is tourism in determining sales and demand for Bags and Luggage in United Kingdom?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in United Kingdom?
- 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 the United Kingdom - Category analysis
KEY DATA FINDINGS
Versatility and durability are key purchasing drivers for bags and luggage
Fragmented competitive landscape led by luxury players
Resale market continues to hinder category sales
Travel is expected to continue to drive growth over the forecast period
Rising cost of business in the UK to persist
Distribution strategies to remain dynamic
Personal Accessories in the United Kingdom - 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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