Across the forecast period, bags and luggage is set to record an uplift in both retail value and volume growth, driven by sales of luggage and luxury handbags. As consumers in Taiwan, especially women, increasingly participate in sports and outdoor activities, this will continue to be a growth driver for bags.
The future of the bag and luggage industry will witness the integration of advanced technology, leading to the emergence of smart luggage. Smart luggage will feature built-in GPS tracking, digital locks, weight sensors, USB charging ports, and smartphone connectivity.
Across the forecast period, consumers in Taiwan are expected to continue shifting towards large shopping malls and retail parks that offer a comprehensive shopping experience, including dining, leisure, and entertainment. This trend poses a growing challenge to independent travel goods and luggage specialists.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Taiwan 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 Taiwan, 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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