In Mexico, there is a rising trend of second-hand luxury shopping, which is evolving into a popular choice for consumers, especially younger generations. Since the pandemic, there has been a notable increase in both sales of second-hand luxury items, and consumer interest in selling or renting their products.
Despite the slowdown in growth anticipated for bags and luggage during 2024, the luxury segment is set to continue its dynamic growth trajectory, particularly luxury handbags, which is expected to maintain double-digit growth in retail current value terms. Although the growth rates of luxury handbags are likely to slow in the forecast period, solid increases are still expected.
The integration of technology and functionality into the design of bags and luggage has become a key trend in the global market, and the Mexican market is no exception. This approach aims not only to enhance the user experience, but also to respond to the consumer demand for smarter, more practical products.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Mexico 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 Mexico, 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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