Bags and luggage in the US saw an improvement in its retail current value growth rate in 2024, and moderate growth is expected over the forecast period as demand normalises. In contrast to the review period (2019-2024), when the value CAGR of luggage outperformed that of bags, luggage is set to see a slightly slower current value CAGR than bags over 2024-2029.
Changing consumer preferences are expected to pose a challenge to certain bags and luggage categories in the US in the forecast period, such as wallet and coin pouches, or business bags, which have been struggling in recent years. For business bags, a continued strong retail current value decline is expected in the forecast period, as more hybrid work schedules diminish use cases, and consumer preference moves towards more versatile options, such as backpacks or handbags.
In 2024, 12% of US consumers reported being influenced by sustainably produced features in apparel and personal accessories, up from 9% the previous year, driven by Millennials and Gen Z (Euromonitor International’s Voice of the Consumer: Lifestyles Survey, fielded January to February 2024). As environmental concerns grow, particularly in fashion, which has made headlines for its negative impact on the environment, players will be presented with both challenges and opportunities to incorporate or expand sustainable initiatives.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in USA 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 USA, 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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