In 2023, the revenue in the Luggage & Bags market worldwide is estimated to be US$177.00bn.
It is projected to experience an annual growth rate of 5.07% (CAGR 2023-2026).
Among all countries, in the United States generates the highest revenue, reaching US$28,730.00m in 2023.
When considering the population size, the per person revenue in 2023 amounts to US$23.04.
Additionally, by 2023, 67% of the sales in the Luggage & Bags market will be attributed to Non-Luxury.
Despite the global economic downturn, the demand for luxury luggage and bags in countries like France and Italy remains strong due to their reputation for high-quality craftsmanship and fashion-forward designs.
The Luggage & Bags segment covers open and closable containers made from any material to transport items. Unprocessed textiles, saddlery, travel sewing kits, shoe care kits as well as leather goods are not included. The segment furthermore does not comprise protective bags and covers for electronic devices like notebooks or cameras.
Small leather goods
Backpacks and sports bags
Protective bags and covers for electronic devices like notebooks or cameras
The Luggage & Bags market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luggage & Bags industry.