Italy dominates the European market for luggage, handbags, saddlery, and harness production, accounting for 53.2% of the share in Euros in 2023. France and Spain follow, with 20.83% and 9.14%, respectively. Notable growth was seen in Romania, Croatia, and Serbia, while Germany and Slovakia witnessed declines. Across the past five years, the compound annual growth rate for this sector reveals an outperformance by newer market entrants like Serbia and Romania, underscoring evolving dynamics in the market landscape.
Future trends to watch include:
- Increased production shifts towards Eastern Europe due to cost advantages and skilled labor availability.
- Technological innovation in manufacturing processes driving efficiency and sustainability in production.
- Persistent focus on luxury and high-value goods, especially in Italy and France, maintaining their market leadership.
Top countries in Sold Production of Luggage, Handbags, Saddlery and Harness Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 53.2 | 2023 | +9.55% | +5.34% | View data |
| 2 | 2 France | 20.83 | 2023 | +4.72% | +0.27% | View data |
| 3 | 3 Spain | 9.14 | 2023 | +11.98% | +3.75% | View data |
| 4 | 4 Hungary | 5.51 | 2023 | +2.76% | +1% | View data |
| 5 | 5 Romania | 3.94 | 2023 | +3% | +10.96% | View data |
| 6 | 6 Croatia | 2.14 | 2023 | +3.08% | +4.35% | View data |
| 7 | 7 Germany | 2.13 | 2023 | -3.07% | -7.24% | View data |
| 8 | 8 United Kingdom | 1.38 | 2023 | -2.03% | +4.08% | View data |
| 9 | 9 Serbia | 1.06 | 2023 | +6.65% | +16.85% | View data |
| 10 | 10 Portugal | 0.57 | 2023 | +0.19% | +2.99% | View data |
