The European Luggage, Handbags, Saddlery, and Harness market exhibits significant regional disparities. In 2023, Italy led with the highest turnover of 9.41 billion euros. France followed, showing strong growth of 4.87% year-on-year. Countries like Bosnia and Herzegovina and Macedonia experienced remarkable growth rates of 8.66% and 14.87% respectively. Conversely, Germany, Slovakia, and Sweden saw declines. Over the past five years, Southern European nations have shown a consistent rise in market share, whereas Northern and Central Europe face stagnation or slight declines.
Future trends to watch include:
- Continued growth in Italy and France, driven by luxury demand.
- Recovery potential in Germany if consumer conditions improve.
- Emergence of Eastern European markets as they integrate into EU supply chains.
- Global economic dynamics affecting export-dependent sectors.
Top countries in Luggage, Handbags, Saddlery, Harness Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 9,410 | 2023 | +7.61% | +1.43% | View data |
| 2 | 2 France | 7,000 | 2023 | +6.89% | +4.87% | View data |
| 3 | 3 Spain | 872.6 | 2023 | +6.48% | +3.79% | View data |
| 4 | 4 United Kingdom | 709.9 | 2023 | +3.41% | +3.1% | View data |
| 5 | 5 Hungary | 574.7 | 2023 | +13.2% | +3.49% | View data |
| 6 | 6 Poland | 495.9 | 2023 | +7.57% | +3.75% | View data |
| 7 | 7 Germany | 245.4 | 2023 | -7.64% | -8.13% | View data |
| 8 | 8 Romania | 196.7 | 2023 | +9.4% | +2.96% | View data |
| 9 | 9 Portugal | 102.4 | 2023 | +7.9% | +4.12% | View data |
| 10 | 10 Bosnia and Herzegovina | 62.4 | 2023 | +15.34% | +8.66% | View data |
