4 views left Get unlimited views with a free account

Subscribe to GlobalData Explorer

Take your business to the next level. Explore the latest trends and actionable insights to inform business strategy and pinpoint opportunities and risks.

The Market value of Luggage & Leather Goods Segment in Australia (2021 - 2029, USD Millions)

Industry: Retail
Current: Market Sizing & Shares

The Luggage & Leather Goods segment in Australia registered Market value of USD 706.79 Millions in 2024
The indicator recorded a historical growth (CAGR) of 6.76% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...

The Market value of Luggage & Leather Goods Segment in Australia (2021 - 2029, USD Millions)

View as table

Unlock Forecasts and Access to 55 Million Statistics for >20 Industries, for $700 a month

Buy now Ask for demo

Online retail in Australia

The Online Retail market includes all sales within each category listed below, provided they take place over the internet, where the payment does not occur in-store on a later occasion. Data is included irrespective of whether the vendor is a pure-play internet company or the online offering of a bricks and mortar retailer. The market is valued at retail selling price (RSP) with any currency conversions calculated using constant 2020 annual average exchange rates.

Business description

The luggage and leather goods market values the total sales of bags, wallets and purses and luggage bags, wallets and purses include briefcases, handbags, wallets, and purses. The luggage includes suitcases and travel bags. The global luggage and leather goods market has been growing at an excellent rate in recent years. The market is expected to remain stable throughout the forecast period to 2019.

Global luggage and leather goods

The global luggage and leather goods market has been growing at an excellent rate in recent years. The market is expected to remain stable throughout the forecast period.

Developing economies are likely to see an increase in demand for luxury goods, with, for example, focusing on different bags for different seasons and uses. Many markets are still suffering from the effects of the global monetary crisis and are likely to see consumers focus on durable products due to concerns about discretionary spending. Buyers in this market benefit from minimal switching costs. In addition, brand loyalty is also more likely to be directed to the manufacturer or designer rather than the retailer, particularly in respect of luxury goods. On the other hand, buyer power is weakened by their vast number and lack of financial muscle.