Europe Luggage and Bags Market Growth, Size, Trends, Revenue, Share, Scope and Future Outlook
Europe Luggage and Bags Market Size- By Type, By Price, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: FMCG23156 | Pages: 1 - 156 | Formats*: |
| Category : Consumer & Retail | |||
Europe Luggage and Bags Market Introduction and Overview
According to SPER Market Research, the Europe Luggage and Bags Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Luggage and Bags Market, including market size and trends, product mix, applications, and supplier analysis. Travel bags are a common piece of equipment used by tourists, trekkers, explorers, and travellers to carry their clothing and other items. The most widely used types of travel bags available include rolling luggage, weekenders, totes, duffel bags, and wheeled backpacks. The hard-side variants are perfect for carrying electronics and breakable items because they are composed of materials like polypropylene, polycarbonate, and acrylonitrile-butadiene-styrene (ABS). Conversely, the sturdy and lightweight soft-side versions are made of nylon, polyester, cotton, leather, and vinyl. These travel bags are available in a variety of sizes, patterns, and colours and can be customised to the customer's specifications.
Market Opportunities and Challenges
Europe is the second-largest global marketplace for luggage, leather goods, and accessories, after Asia. The most popular product categories were purses, laptop cases, and small suitcases. The newest fashion trends are followed by a lot of EU consumers. The increasing variety of luggage and accessory designs, together with the increasing use of non-leather materials like nylon, fibre, and textiles, have also substantially boosted this established sector. Reduced prices and increased availability through non-specialist channels have also increased consumer exposure to this market segment, improving sales. Factors such as shorter weekend business travels on low-cost flights, increased buying power, and fashion impact are all on the rise. There are also new markets for men, youths, and elderly people. Demand in this industry is being driven, among other things, by technological innovations. Europe has long been acknowledged as a leading global supplier of luggage as well as exquisite leather goods and accessories.
The European baggage industry is also witnessing the wide fashion trends related to sustainability, technological innovation, and increased emphasis on corporate and social responsibility. The three primary European markets for business and travel bags are Germany, France, and the United Kingdom. This market will grow faster than the North American sector. Europe's travel and business bag industry is expected to expand due to the availability of a diverse array of designs and coordinating accessories. The availability of regional brands that are significantly less expensive and shifts in the tourism industry provide the biggest challenges for manufacturers of travel bags. The travel and tourism sector is closed on occasion. One such case was the COVID-19 pandemic. For over a year during the pandemic, travel was entirely suspended worldwide. This has a big effect on other businesses involved in tourism as well as the travel luggage sector.
Market Competitive Landscape
The major players in the Europe Luggage and Bags market include: Bric's Industria Valigeria Fine SPA, Calvin Klein Inc., Delsey S.A, Etienne Aigner AG, Michel Kors Holding Limited, Mot Hennessy Louis Vuitton SA (LVMH), Nike, Inc., Prada S.p.A., Samsonite International S.A, Travelpro International, Inc., Victorinox AG, VIP industries Limited, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Price, By Application |
| Regions covered | France, Germany, Italy, Russia, Spain, United Kingdom, and rest of Europe |
| Companies Covered | Bric's Industria Valigeria Fine SPA, Calvin Klein Inc., Delsey S.A, Etienne Aigner AG, Michel Kors Holding Limited, Mot Hennessy Louis Vuitton SA (LVMH), Nike, Inc., Prada S.p.A., Samsonite International S.A, Travelpro International, Inc., Victorinox AG, VIP industries Limited, Others |
COVID-19 Impact on Europe Luggage and Bags Market
The pandemic had a significant impact on fashion industry sales and operations in 2021 across all segments. Lockdowns forced numerous local shops in most European countries to close. Some managed to survive with government assistance, a combination of steep discounts and a move towards digital sales. Although it was not as bad as in other garment areas, bag sales decreased overall in 2021. On the other hand, market analysts speculate that in the long run, the pandemic might alter all market dynamics. Consumer preferences and patterns changed as a result of the epidemic. For instance, purchasers have reportedly received antiviral and antibacterial textiles from certain Chinese producers.
Key Target Audience:
- Business travellers
- Commuters
- Frequent Travelers
- Individuals who frequently travel for leisure or work.
- Outdoor Enthusiasts
- Retailers
- Travel and Hospitality Industry
- Vacationers
- Others
Our in-depth analysis of the Europe Luggage and Bags Market includes the following segments:
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Key Topics Covered in the Report:
- Europe Luggage and Bags Market Size (FY’2023-FY’2033)
- Overview of Europe Luggage and Bags Market
- Segmentation of Europe Luggage and Bags Market By Type (Duffel Bag, Luggage & Bags, Spinner Luggage, Travel Pack)
- Segmentation of Europe Luggage and Bags Market By Price (Low Range, Medium Range, Premium)
- Segmentation of Europe Luggage and Bags Market By Application (Business, Travel, Other)
- Statistical Snap of Europe Luggage and Bags Market
- Expansion Analysis of Europe Luggage and Bags Market
- Problems and Obstacles in Europe Luggage and Bags Market
- Competitive Landscape in the Europe Luggage and Bags Market
- Impact of COVID-19 and Demonetization on Europe Luggage and Bags Market
- Details on Current Investment in Europe Luggage and Bags Market
- Competitive Analysis of Europe Luggage and Bags Market
- Prominent Players in the Europe Luggage and Bags Market
- SWOT Analysis of Europe Luggage and Bags Market
- Europe Luggage and Bags Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Luggage and Bags Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Luggage and Bags Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Luggage and Bags Market
7. Europe Luggage and Bags Market, By Type (USD Million)
7.1. Europe Luggage and Bags Market Value Share and Forecast, By Type, 2023-20337.2. Duffel Bag7.3. Luggage & Bags7.4. Spinner Luggage7.5. Travel Pack
8. Europe Luggage and Bags Market, By Price (USD Million)
8.1. Europe Luggage and Bags Market Value Share and Forecast, By Price, 2023-20338.2. Low Range8.3. Medium Range8.4. Premium
9. Europe Luggage and Bags Market, By Application (USD Million)
9.1. Europe Luggage and Bags Market Value Share and Forecast, By Application, 2023-20339.2. Business9.3. Travel9.4. Other
10. Europe Luggage and Bags Market Forecast, 2019-2033 (USD Million)
10.1. Europe Luggage and Bags Market Size and Market Share
11. Europe Luggage and Bags Market, By Type, 2019-2033 (USD Million)
11.1. Europe Luggage and Bags Market Size and Market Share By Type (2019-2026)11.2. Europe Luggage and Bags Market Size and Market Share By Type (2027-2033)
12. Europe Luggage and Bags Market, By Price, 2019-2033 (USD Million)
12.1. Europe Luggage and Bags Market Size and Market Share By Price (2019-2026)12.2. Europe Luggage and Bags Market Size and Market Share By Price (2027-2033)
13. Europe Luggage and Bags Market, By Application, 2019-2033 (USD Million)
13.1. Europe Luggage and Bags Market Size and Market Share By Application (2019-2026)13.2. Europe Luggage and Bags Market Size and Market Share By Application (2027-2033)
14. Europe Luggage and Bags Market, By Region, 2019-2033 (USD Million)
14.1. Europe Luggage and Bags Market Size and Market Share By Region (2019-2026)14.2. Europe Luggage and Bags Market Size and Market Share By Region (2027-2033)14.3. France14.4. Germany14.5. Italy14.6. Russia14.7. Spain14.8. United Kingdom14.9. Rest Of Europe
15. Company Profile
15.1. Bric's Industria Valigeria Fine SPA15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Calvin Klein Inc.15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Delsey S.A15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Etienne Aigner AG15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Michel Kors Holding Limited15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Mot Hennessy Louis Vuitton SA (LVMH)15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Nike, Inc.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Prada S.p.A.15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Samsonite International S.A15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Travelpro International, Inc.15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Victorinox AG15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. VIP industries Limited15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Luggage and Bags Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Europe Luggage and Bags Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Europe Luggage and Bags Market size is USD XX billion from 2023 to 2033.
Europe Luggage and Bags Market Segment is Covered By Type, By Price, By Application
The Europe region is anticipated to have the highest market share in Europe Luggage and Bags Market.
The key players in the market include Companies Covered Bric's Industria Valigeria Fine SPA, Calvin Klein Inc., Delsey S.A, Etienne Aigner AG, Michel Kors Holding Limited, Mot Hennessy Louis Vuitton SA (LVMH), Nike, Inc., Prada S.p.A., Samsonite International S.A, Travelpro International, Inc., Victorinox AG, VIP industries Limited, Others
Travel bags are a common piece of equipment used by tourists, trekkers, explorers, and travellers to carry their clothing and other items.
Europe Luggage and Bags Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
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