Having seen a dip in retail volume sales over 2023, following the post-Coronavirus (COVID-19) rebound, all categories of bags and luggage are set to see growth in demand through the forecast period. This performance is likely to be underpinned partly by a stronger return to travel, but also work, social and everyday needs as consumers resume pre-pandemic lifestyles more fully.
One of the growth models for bags is through franchising. Franchising allows companies to expand their brands’ retail options without the need to make significant investments.
Luggage registered the biggest decline in retail volume sales in 2020, due to the bans on travel in light of the COVID-19 crisis. By the same token, luggage is expected to see one of the highest retail volume CAGRs over the forecast period, in line with increased domestic and international tourism.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Bags and Luggage industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Bags and Luggage
Bags and Luggage includes bags and cases which serve common everyday purposes or specific functions during travel, sports, or formal occasions. However, all sports equipment bags (e.g. golf, tennis, and bowling), insulated food and beverage bags, and musical instrument cases are excluded.
See All of Our DefinitionsThis report originates from Passport, our Bags and Luggage research and analysis database.
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