Global Fashion market
The global Fashion eCommerce market is expected to increase over the next years. It is predicted to reach US$1,251,335.0 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.3%. ECDB considers the following three sub-markets within the Fashion market: Apparel, Footwear, and Bags & Accessories. Apparel is the largest sub-market and accounts for 51.4% of the global Fashion market.
Market development
eCommerce revenue development in the global Luggage & Bags market
The global Luggage & Bags eCommerce market is expected to increase over the next years. It is predicted to reach US$74,217.9 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 7.6%. The Luggage & Bags eCommerce market is a sub-market of the Bags & Accessories market and accounts for 32.1% within this market. Further categories within the Bags & Accessories market are: Fashion Accessories and Jewelry & Watches.
eCommerce revenue development in the global Luggage & Bags market
eCommerce revenue growth in the global Luggage & Bags market
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 59.2 | 42.2 | 70.3 | 97.7 | 21.2 | 58.3 | 64.5 | 76.4 | ||||
as of Bags & Accessories (in %) | 3.0 | 3.1 | 3.0 | 3.5 | 3.8 | 3.4 | 3.4 | 3.5 | 3.6 | 3.6 | 3.7 | 3.8 |
Market definition
Definition of the Luggage & Bags market within the Fashion market
Market definition: Fashion > Bags & Accessories > Luggage & Bags The category Luggage & Bags includes the online trade of suitcases, backpacks and daypacks, hip and fanny packs, and more. This category does not cover wallets and purses and protective cases and covers for electronic devices (e.g. smartphone cases and covers). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Suitcases
- Backpacks and daypacks
- Hip and fanny packs
- Handbags
Out-of-scope
- Wallets and purses
- Protective cases and covers for electronic devices (e.g. smartphone cases and covers)
Market comparison
The Global Luggage & Bags market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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