Counterfeiting poses a significant challenge in the bags and luggage sector and is expected to persist as an issue for luxury handbag companies throughout the forecast period. Generation Z is anticipated to increasingly purchase counterfeit luxury designer handbags, with surveys indicating a high acceptance of wearing counterfeit branded accessories among young people.
Luggage is poised to maintain its popularity within the bags and luggage sector, projecting a positive CAGR growth rate in constant value terms throughout the forecast period. Second only to handbags in value sales, luggage remains a favoured product category among consumers in Switzerland.
Bags and luggage specialists are forecasted to remain the preferred distribution channel for bags and luggage in Switzerland over the forecast period. Consumers value the personalised customer service and expert advice offered by these specialists, who will need to maintain competitiveness by providing a diverse range of brands and styles, particularly in light of the growing influence of retail e-commerce.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Switzerland 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 Switzerland, 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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