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

Industry: Retail
Current: Market Sizing & Shares

The Luggage & Leather Goods segment in India registered Market value of USD 1,135.36 Millions in 2024
The indicator recorded a historical growth (CAGR) of 15% 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 India (2021 - 2029, USD Millions)

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Asia – online retail

The online retail market includes all sales within clothing and footwear, electricals, food and grocery, health and beauty, home, and other segments, provided they take place over the internet, where the payment does not augur in store on a later location. Data is included irrespective of whether the vendor is a pure play internet company or the online offering of a bricks and mortar retailer.

Market definition

The luggage and leather goods market values the total sales of bags, wallets & purses, and luggage. Bags, wallets & purses include briefcases, handbags, wallets, and purses. The luggage includes suitcases and travel bags.

The market is valued at retail selling price (RSP) and includes any applicable taxes. Any currency conversions used in the report have been calculated using constant 2013 annual average exchange rates.

For the purposes of this report, Asia-Pacific comprises Australia, China, India, Indonesia, Japan, New Zealand, Singapore, South Korea, Taiwan, and Thailand.

Market analysis

The Asia-Pacific luggage and leather goods market has experienced varying levels of growth over the last five years, with the strongest level occurring in 2012. An accelerated level of growth is expected to remain steady throughout the forecast period.

The luxury goods market has been resilient to wider economic pressures, with a strong domestic demand for luxury leather goods. The luggage and leather goods market will be analyzed taking luggage and leather goods retailers as players. The key buyers will be taken as individual consumers, and manufacturers of luggage and leather goods as the key suppliers.

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.