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Bags and Luggage in Singapore

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    Report

  • 21 Pages
  • January 2024
  • Region: Singapore
  • Euromonitor International
  • ID: 2316067
Owing to a sharp decline in travel due to the pandemic, retail volume and current value sales of luggage in Singapore fell drastically in 2020, by nearly 50%. This was against the backdrop of more than an 85% decline in the number of outbound departures in Singapore, according tol Travel 2024.

The Bags and Luggagein Singapore report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they new product developments, distribution or pricing issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Bags, Luggage.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Bags and Luggage market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

BAGS AND LUGGAGE IN SINGAPOREKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Luggage posts high double-digit growth, with the rebound in travel set to drive further recovery
  • Crossbody bags gain substantial popularity, especially amongst younger audiences
  • Samsonite achieves high sales growth, achieving post-pandemic recovery
PROSPECTS AND OPPORTUNITIES
  • Expansion of fast-growing local brands due to steady and lasting traction amongst young adults and young professionals
  • Wallet and coin pouches set to continue to enjoy growth despite the increase in digital wallets
  • Purchase of luxury handbags expected to increase despite inflationary pressures, with non-luxury presenting affordable “dupes”
CATEGORY DATA
  • Table 1 Sales of Bags and Luggage by Category: Volume 2018-2023
  • Table 2 Sales of Bags and Luggage by Category: Value 2018-2023
  • Table 3 Sales of Bags and Luggage by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Bags and Luggage by Category: % Value Growth 2018-2023
  • Table 5 Sales of Luggage by Type: % Value 2018-2023
  • Table 6 NBO Company Shares of Bags and Luggage: % Value 2019-2023
  • Table 7 LBN Brand Shares of Bags and Luggage: % Value 2020-2023
  • Table 8 Distribution of Bags and Luggage by Format: % Value 2018-2023
  • Table 9 Forecast Sales of Bags and Luggage by Category: Volume 2023-2028
  • Table 10 Forecast Sales of Bags and Luggage by Category: Value 2023-2028
  • Table 11 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2023-2028
  • Table 12 Forecast Sales of Bags and Luggage by Category: % Value Growth 2023-2028
PERSONAL ACCESSORIES IN SINGAPORE
EXECUTIVE SUMMARY
  • Personal accessories in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for personal accessories?
MARKET DATA
  • Table 13 Sales of Personal Accessories by Category: Volume 2018-2023
  • Table 14 Sales of Personal Accessories by Category: Value 2018-2023
  • Table 15 Sales of Personal Accessories by Category: % Volume Growth 2018-2023
  • Table 16 Sales of Personal Accessories by Category: % Value Growth 2018-2023
  • Table 17 NBO Company Shares of Personal Accessories: % Value 2019-2023
  • Table 18 LBN Brand Shares of Personal Accessories: % Value 2020-2023
  • Table 19 Distribution of Personal Accessories by Format: % Value 2018-2023
  • Table 20 Forecast Sales of Personal Accessories by Category: Volume 2023-2028
  • Table 21 Forecast Sales of Personal Accessories by Category: Value 2023-2028
  • Table 22 Forecast Sales of Personal Accessories by Category: % Volume Growth 2023-2028
  • Table 23 Forecast Sales of Personal Accessories by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources