Handbag, Luggage & Accessory Stores in Canada - Industry Market Research Report
Description
Handbag, Luggage & Accessory Stores in Canada
Over the past five years, the Handbag, Luggage and Accessory Stores industry expanded alongside a robust pandemic recovery, boosting travel and demand for luggage. Intensifying competition from e-tailers and mass merchandisers challenged small-scale stores and retailers with a heavy focus on brick-and-mortar. Still, the proliferation of e-commerce has supported stores with an established online presence as consumers have increasingly shifted their spending online. Over the past five years, revenue has expanded at a CAGR of 2.6%, reaching an estimated $2.7 billion in 2023. A persistent rise in e-commerce and high-income households will boost revenue by an estimated 2.9% in 2023 alone.
This industry includes specialty retailers that predominantly sell handbags, luggage, briefcases and clothing accessories, such as hats, wallets and neckwear. While some businesses may also sell apparel or footwear, such sales are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Over the past five years, the Handbag, Luggage and Accessory Stores industry expanded alongside a robust pandemic recovery, boosting travel and demand for luggage. Intensifying competition from e-tailers and mass merchandisers challenged small-scale stores and retailers with a heavy focus on brick-and-mortar. Still, the proliferation of e-commerce has supported stores with an established online presence as consumers have increasingly shifted their spending online. Over the past five years, revenue has expanded at a CAGR of 2.6%, reaching an estimated $2.7 billion in 2023. A persistent rise in e-commerce and high-income households will boost revenue by an estimated 2.9% in 2023 alone.
This industry includes specialty retailers that predominantly sell handbags, luggage, briefcases and clothing accessories, such as hats, wallets and neckwear. While some businesses may also sell apparel or footwear, such sales are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
37 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
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Pricing
Currency Rates
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