DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/x8k46j/hand_luggage_and) has announced the addition of the "Hand Luggage & Leather Goods Market Report 2013" report to their offering.
This Market Update analyses the hand luggage and leather goods market within the UK over the 5-year period from 2008 to 2012, providing industry expertise on the total market size, the value of the different sectors, and issues impacting on the industry.
After the market struggled during the economic recession as the UK's non-essential consumer commodities faced falling sales, retail revenue for the total market is estimated to have risen by 4.4% between 2011 and 2012.
As a broad industry, the market can be divided into four key market sectors: handbags, hand luggage, business cases and small leather goods. Each sector is affected by different factors influencing the market, as well as the economic trends and manufacturing issues that filter into all areas of the industry.
The largest sector of the market is that of handbags, which continues to be heavily reliant on the fashion industry thereby remaining robust with a constant consumer interest from those following fashion trends.
Rising costs of leather due to a global shortage of the raw material are influencing all levels of the supply chain across all market sectors; manufacturing costs are rising along with the cost of the luxury handbag, as demand from the fashion industry is struggling to be met with supply. Despite growing costs, ethical and social implications are causing a return to UK-manufactured goods along all levels of the market, from high-end designer goods to the budget retail domain.
The small leather goods sector, which traditionally consists of purses and wallets, is facing the greatest upheaval in product innovation with new products being generated to meet the needs of new technological devices carried within other luggage items, including the smartphone and e-book. Where this sector is expanding its product ranges, the hand luggage sector is facing concerns over fewer consumers traveling abroad and therefore fewer purchases of traditional suitcases occurring.
The future of the market is forecast to witness positive growth of 10.8% between 2013 and 2017 as the fashion industry is expected to continue to dictate the success or failure of certain styles of goods. Where the market can be seen to mesh the consumer needs of function and fashion, fashion-focused goods will continue to expand further into the marketplace, whereas products bought for the purpose of travel or business will continue to remain relatively unsteady.
With the development of new technology products, changes in consumer travel and the constant creation of new fashion trends, potential opportunities will be created for new companies to take advantage of this growing marketplace in the coming years.
- Antler Ltd
- Aspinal Of London Ltd
- Burberry Group Plc
- Dewhurst Dent Plc
- Frank Smythson Ltd
- Mulberry Group Plc
- Pelham Leather Goods Ltd
- Radley + Co Ltd
- Samsonite Ltd
For more information visit http://www.researchandmarkets.com/research/x8k46j/hand_luggage_and
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