The fast-moving expansion of local brands will contribute to the growth of bags and luggage in Singapore in the forecast period. Specifically, post-pandemic spending excitement is leading to more purchases of bags, and local brands are greatly benefiting from this, as they continue to tailor their offerings to younger demographics, which provide a consistent stream of demand for chic, colourful, convenient, and capacious bag options.
Despite Singapore’s identity as a smart nation, with easy access to digital wallets and alternative payment methods, small leather goods categories such as wallet and coin pouches will continue to expand, as ownership is associated more with fashion aesthetics. These products are also often bought as gifts for others.
Inflation and growing living costs have been topics of widespread discussion in recent years, with Singapore experiencing high inflation on real GDP in 2022, at 6%. Growth in total consumer expenditure only increased by low double-digits in 2022, despite the removal of COVID-19 restrictions, which was predicted to cause a huge rebound in consumer expenditure.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Singapore 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 Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 DefinitionsThis report originates from Passport, our Bags and Luggage research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!