In 2023, the sales of luggage, briefcases, knapsacks, and duffel bags in non-store retailing in Canada stood at CAD 106.5 million. From 2024 to 2028, the sales are forecasted to grow steadily, with a consistent year-on-year increase, culminating in a sales projection of CAD 128.01 million by 2028. The average compound annual growth rate (CAGR) over this period is projected to be moderately positive, indicating a stable market expansion over the five years.
Future trends to watch for include:
- Emerging e-commerce platforms and digital sales channels driving non-store sales.
- Consumer preferences towards sustainable and stylish travel solutions.
- Influence of global travel trends and economic conditions on demand.