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Luggage & Bags - Puerto Rico

Puerto Rico
  • In Puerto Rico, the revenue in the Luggage & Bags market is projected to reach US$177.30m in 2024.
  • This market is expected to experience an annual growth rate of 6.32% (CAGR 2024-2029).
  • When compared to other countries globally, United States generates the highest revenue in this segment, reaching US$30bn in 2024.
  • In terms of per capita revenue, in Puerto Rico is estimated to generate US$54.24 per person in 2024.
  • It is worth noting that by 2024, there will be no sales in the Luggage & Bags market attributed to 0.0.
  • "The demand for eco-friendly and durable luggage and bags in Puerto Rico is on the rise, reflecting the country's commitment to sustainability and its tropical travel destinations."

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
Accessories

Accessories

Related markets:
Luggage & Bags: market data & analysis - Cover

Market Insights Report

Luggage & Bags: market data & analysis

Study Details
    methodology

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    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on consumer spending on accessories, including watches and jewelry, as well as luggage and bags. that are produced for private end consumers. Retail sales through both offline and online sales channels are included.

    Modeling approach / Market size:

    Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from third-party sources (e.g., independent databases), historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and consumer spending. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for making forecasts about the Accessories market, which is projected to grow steadily. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

    Consumer

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Luggage market worldwide - statistics & facts

    Luggage retail is a very important market throughout the world. Baggage or luggage consists of bags, cases, and containers which hold a traveler's articles while the traveler or passenger is traveling. Luggage has changed a lot over time. Historically, the most common types of luggage were chests or trunks made of wood or other heavy materials. Today's consumer may have a range of bags and cases containing clothing, toiletries, small possessions, trip necessities, and on the return-trip, souvenirs. In 2022, the luggage market was valued at approximately 17.6 billion U.S. dollars worldwide. This was forecast to increase in each of the following years, exceeding 23 billion dollars.
    More data on the topic
    Import value of travel goods and handbags worldwide
    79.3bn USD
    Global luggage market value
    19.5bn USD
    Country with the highest luggage and bags market revenue
    United States

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