In 2023, Italy and France dominated the European market for luggage, handbags, saddlery, and harnesses, with turnovers of €47.55 million and €35.36 million, respectively. Despite moderate growth, countries like Spain and Hungary are emerging, witnessing year-on-year increases of 3.79% and 3.49%. Germany faced a noticeable decline of 8.13%, contrasting with Bosnia and Herzegovina's remarkable growth of 8.66%. While most regions showed positive trends, Latvia, Sweden, and Slovakia experienced contraction, indicating potential challenges in those markets.
Future trends to watch in this sector include:
- Potential recovery and market adaptations in countries with recent declines like Germany and Latvia.
- Sustained growth in emerging markets such as Bosnia and Herzegovina and potential expansion in Eastern European countries.
- Impact of sustainable and innovative travel goods influencing consumer preferences across the continent.
Top countries in Luggage, Handbags, Saddlery, Harness Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.55 | 2023 | +7.61% | +1.43% | View data |
| 2 | 2 France | 35.36 | 2023 | +6.89% | +4.87% | View data |
| 3 | 3 Spain | 4.41 | 2023 | +6.48% | +3.79% | View data |
| 4 | 4 United Kingdom | 3.59 | 2023 | +3.41% | +3.1% | View data |
| 5 | 5 Hungary | 2.9 | 2023 | +13.2% | +3.49% | View data |
| 6 | 6 Poland | 2.5 | 2023 | +7.57% | +3.75% | View data |
| 7 | 7 Germany | 1.24 | 2023 | -7.64% | -8.13% | View data |
| 8 | 8 Romania | 0.99 | 2023 | +9.4% | +2.96% | View data |
| 9 | 9 Portugal | 0.52 | 2023 | +7.9% | +4.12% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.32 | 2023 | +15.34% | +8.66% | View data |
