Global Fashion market

The global Fashion eCommerce market is expected to increase over the next years. It is predicted to reach US$1,411,649.6 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.5%. ECDB considers the following three sub-markets within the Fashion market: Apparel, Footwear, and Bags & Accessories. Apparel is the largest sub-market and accounts for 51.5% of the global Fashion market.

Market development

eCommerce revenue development in the global Luggage & Bags market

The global Luggage & Bags eCommerce market is expected to increase over the next years. It is predicted to reach US$81,892.9 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 7.9%. The Luggage & Bags eCommerce market is a sub-market of the Bags & Accessories market and accounts for 32.2% within this market. Further categories within the Bags & Accessories market are: Fashion Accessories and Jewelry & Watches.

eCommerce revenue development in the global Luggage & Bags market

in million US$

eCommerce revenue growth in the global Luggage & Bags market

in %

Net eCommerce revenue split by sub-category

in %
2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 89.0 29.5 50.2 82.4 29.7 75.0 42.3 14.6

Online share

eCommerce online share of the total Luggage & Bags market

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the global Luggage & Bags retail market, the online share is 31.8% and will increase by an average of 5.4% to 39.2% by 2028.

eCommerce online share of the total Luggage & Bags market

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 35.0% 9.1% 71.2% 76.4% 40.6% 6.7% 20.5% 84.5%

Market definition

Definition of the Luggage & Bags market within the Fashion market

Market definition: Fashion > Bags & Accessories > Luggage & Bags The category Luggage & Bags includes the online trade of suitcases, backpacks and daypacks, hip and fanny packs, and more. This category does not cover wallets and purses and protective cases and covers for electronic devices (e.g. smartphone cases and covers). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Suitcases
  • Backpacks and daypacks
  • Hip and fanny packs
  • Handbags

Out-of-scope

  • Wallets and purses
  • Protective cases and covers for electronic devices (e.g. smartphone cases and covers)