The Luggage & Leather Goods segment in United States of America registered Market value of USD 15,096.35 Millions in 2024
The indicator recorded a historical growth (CAGR) of 3.62% 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 the United States of America (2018 - 2026, USD Millions)
Luggage & Leather Goods Segment in the United States of America
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. Luggage includes suitcases and travel bags.
The US luggage and leather goods market has grown strongly in recent years; a trend that looks set to continue throughout the forecast period to 2019. Department stores accounted for the largest proportion of sales in the US luggage & leather goods market.
Category segmentation
The luggage & leather goods segment is categorized into two major segments - Luggage and Bags, wallets and purses. Luggage is the largest segment of the luggage and leather goods market in the United States.
Competitive landscape
The US luggage and leather goods market is highly fragmented, with retailers ranging from department stores to more specialized clothing and accessories retailers. A large number of luggage and leather goods sales in the US are through department stores, with the remainder being fragmented fairly evenly between other types of outlets. Larger players, such as department stores, benefit from scale economies that allow them to negotiate better deals with suppliers and compete more heavily on price. Furthermore, larger retailers tend to sell a multitude of products and, as such, are not solely reliant on revenues generated through the luggage & leather goods market, whereas less diverse retailers face greater competition to obtain and retain buyers.
Market distribution
Department stores form the leading distribution channel in the United States luggage and leather goods market.
Who are the leading players?
Dillard's offers an assortment of fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
eBags
eBags is a leading online retailer of bags and luggage based in the US. It was established in 1997 by Peter Cobb and John Nordmark. The company offers a wide range of products and brands: handbags, luggage, backpacks, briefcases, laptop carriers, sports and duffel bags, wallets, and travel accessories.
The company operates in a single segment: retailing. It offers products under eight categories: women's apparel, men's apparel and accessories, home, women's accessories including Sephora, children's apparel, family footwear, fine jewelry, and services and other.
Wal-Mart is one of the largest retail companies in the world. The company operates retail stores in various formats worldwide.
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