PUBLISHER: Euromonitor International | PRODUCT CODE: 1349238
PUBLISHER: Euromonitor International | PRODUCT CODE: 1349238
The luggage industry faced significant challenges during the pandemic, with sales plummeting in 2020. As COVID-19 restrictions eased in 2021, travel rebounded, aiding sales recovery. However, factors like inflation, the war in Ukraine, and China's ongoing restrictions hindered complete revival. Travel recovery is expected by 2024, but the market will look different post-pandemic. Changing travel dynamics offer opportunities for luggage brands that adapt to evolving consumer needs.
Euromonitor International's The Return of Travel and its Impact on Luggage Recovery global briefing offers detailed strategic analysis of the global Personal Accessories market by pinpointing growth sectors and identify factors driving change. The report identifies leading companies and brands within the keenly contested, fashion-driven competitive landscape, trend developments, economic/lifestyle influences, seasonal patterns, market and distribution strategies. Forecasts illustrate how the market is predicted to develop between mature and emerging countries, threats facing the business as well as opportunities to be seized for further growth.
Product coverage: Bags and Luggage, Jewellery, Traditional and Connected Watches, Writing Instruments.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Introduction
Travel and luggage, a snapshot
Mixed performance in the Americas
Europe, a challenging scenario ahead
Asia impacted by a slow recovery in China