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Market Insights report
The Accessories market comprises wearable, fashionable accessories that complement a person's outfit such as watches, jewelry, suitcases, bags, wallets, handbags and other containers for private end consumers. The segment Luggage & Bags accounted for 28% of the Accessories' revenue in 2023. This report from the series of Consumer Market Insights segment reports gives an overview of the Luggage & Bags market from an international perspective.
What's included?
The Accessories market comprises wearable, fashionable accessories that complement a person's outfit such as watches, jewelry, suitcases, bags, wallets, handbags and other containers for private end consumers. The market Luggage & Bags accounted for 28% of the Accessories' revenue in 2023. This report from the series of Consumer Market Insights segment reports gives an overview of the Luggage & Bags market from an international perspective. In 2024, the global Luggage & Bags market is anticipated to generate a revenue of US$187.60 billion, with an expected compound annual growth rate (CAGR) of 4.32% from 2024 to 2029. The United States led the market in 2023, recording the highest revenue at US$28.73 billion. On a per capita basis, this translates to a revenue of US$23.03 per person. Despite ongoing global economic challenges, the demand for luxury luggage and bags remains resilient in countries like France and Italy, driven by their strong reputation for exceptional craftsmanship and cutting-edge fashion designs.
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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)