Luggage and Leather Goods Retailing in Mexico – Market Summary & Forecasts
Mexico’s luggage and leather goods retail market, with a share of 0.5% in 2014, is expected to maintain its steady growth during the forecast period. The retail market for luggage and leather goods will grow at a CAGR of 4.1% over 2014–2019, to reach MXN24.7 billion by 2019. Per capita spending on luggage and leather goods in Mexico is also anticipated to grow at a CAGR of 3% over the next five years. The Mexican luggage and leather goods market is has both domestic and international players. An increasing number of travelers, rising disposable incomes, and increasing fashion consciousness will drive the sales of luggage and leather goods in the country.
Commanding a 55.3% share of the overall sales in the segment, specialist retailers dominate the luggage and leather goods market in Mexico
Luggage and leather goods sales accounted for a marginal share of the total retail sales in 2014 and the sales are expected to grow at a CAGR of 4.1% over the next five years
Online is the fastest-growing channel (CAGR: 16.4%) in the luggage and leather goods category
An increase fashion consciousness, increasing disposable incomes, and increased demand for aesthetically attractive bags is driving the sales of luggage and leather goods in the country
“Luggage and Leather Goods Retailing in Mexico – Market Summary & Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2019.
What else does this report offer?
A thorough analysis of consumer trends changing economic and population factors
Both qualitative and quantitative insights and analysis of the shifting luggage and leather goods retail dynamics from 2009 to 2019
Sales of luggage and leather goods through the following channels from 2009 to 2019: Department stores; other specialist retailers; online; hypermarkets, supermarkets and hard-discounters; value, variety stores and general merchandise retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; duty free retailers; clothing, footwear, accessories and luxury goods specialists
An overview of key luggage and leather goods retailers operating across Mexico and their presence across distribution channels
Reasons To Buy
Gain a comprehensive knowledge on luggage and leather goods sector in the Mexican retail market and develop a competitive advantage from the start of your supply chain
Investigate current and forecast behaviour trends in luggage and leather goods category to identify the best opportunities to exploit
Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior
Understand the fastest growing categories including luggage and leather goods, with insights on performance across key channels from 2009, with forecasts until 2019
Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the luggage and leather goods market
Analysis of key international and domestic players operating in the luggage and leather goods market – including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share