Luggage & Bags - Eastern Asia
Eastern Asia- In 2024, the revenue in the Luggage & Bags market in Eastern Asia amounts to US$33.96bn.
- According to market projections, this segment is anticipated to grow at an annual rate of 4.82% (CAGR 2024-2029).
- In comparison to other countries around Worldwide, United States generates the highest revenue in this segment, reaching US$30bn in 2024.
- When considering the population figures, it can be calculated that in 2024, per person revenues amount to US$20.78.
- Furthermore, by 2024, approximately 51% of the sales in the Luggage & Bags market will be attributed to Non-Luxury.
- In Eastern Asia, the demand for high-quality and stylish luggage and bags is rapidly increasing, driven by the region's growing middle class and their desire for luxury travel products.
- Key regions:
- France,
- Spain,
- Worldwide,
- Hong Kong,
- Germany
Definition:
The Luggage & Bags market covers open and closable containers made from any material to transport items.
Structure:
The Luggage & Bags market is divided into four sections:
- The Suitcases & Briefcases market includes trunks, suitcases, beauty cases, briefcases, document cases, and schoolbags made from any material. Travel bags, backpacks, instrument cases, and tool bags are not included.
- The Handbags market includes smaller bags that contain everyday items.
- The Wallets & Little Cases market covers articles (made from any material) that can be carried in a handbag such as wallets, coin purses, key cases, cigarette cases, and tobacco pouches.
- The Bags & Containers market covers a variety of containers used to store and transport items, including travel bags, backpacks, tote bags, thermal bags for food or beverages, toiletry bags, and sports bags.
Additional information:
The market comprises revenues and average revenue per capita. Revenues are generated through both online and offline sales channels. The key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Suitcases
- Handbags
- Small leather goods
- Backpacks and sports bags
- Toiletry bags
Out-Of-Scope
- Protective bags and covers for electronic devices like notebooks or cameras
