Aarkstore Market Research
Western Europe Bags and Luggage Industry Trends
Summary Western Europe Bags and Luggage Industry Trends, Market Size and Share. The Bags and Luggage in Western Europe market report offers detailed strategic analysis of the Personal Accessories in global and Europe market. Western Europe is the third largest region in sales of bags and luggage, valuing for some 16% of global sales, at USD 23.5 billion in 2018.
Market Summary UK poses CAGR of 6.2%. The region’s modest CAGR reflects the instability caused by terrorist attacks and currency and economic volatility. Bags and luggage sales are predicted to post a CAGR of 2.4%. Travel rates are increasing throughout Western Europe, with consumers seeking experiences and portray the advantage of cheaper prices. This has supported the luxury industry as they dominate the top five company rankings throughout the region. They have a CAGR of 4.2%.
Key Points • Bags and Luggage market sizes (historic and forecasts), company shares, brand shares, and distribution data. • Get a detailed picture of the Personal Accessories 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.
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