The softening of growth for bags and luggage in 2023 serves as a note of caution to players to not solely rely on experiences to naturally drive sales of luggage and bags, and highlights the importance of keeping consumers’ new lifestyles in mind. For example, wallet and coin pouches is set to struggle over the forecast period, as the prevalence of digital wallets such as Apple Wallet diminishes the need for and usage occasions for traditional wallets.
Sustainability is a growing topic in the world of bags and luggage, particularly when it comes to attracting the younger generation. Herschel seized the opportunity during the pandemic, responding with a redesigned core line using 100% recycled post-consumer water bottles, also taking the opportunity to integrate modern-day features such as laptop sleeves, water bottle pockets, and organisers in the process.
The same way casualisation and a breaking down of gender codes has invited men to further explore apparel, those same trends will help drive demand in bags in the forecast period. Men’s needs when it comes to bags are evolving beyond just work and travel, also encompassing day-to-day bags, with some consumers looking for increasingly sophisticated offers.
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 USA 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 USA, 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!