"Bags and Luggage in Spain" Published

From: Fast Market Research, Inc.
Published: Thu Oct 30 2014

Bags and luggage recorded a poor performance in Spain as only marginally positive current value growth was recorded, a performance which was very much in line with the difficulties the category has faced since the current economic crisis first hit Spain early in the review period. Although the economic situation in Spain has been now improving since early 2013, the average Spanish consumer is still far from feeling the security that they once felt prior to the onset of the economic crisis in late 2008.

Competitive Landscape

The high level of fragmentation remains the defining characteristic of bags and luggage in Spain and there are over forty companies active in the category, none of which was able to record a value share in excess of 7% during 2013. In addition, there were no major changes in the competitive environment in the category during 2013 and the rankings remained unchanged.

Industry Prospects

Full Report Details at
- http://www.fastmr.com/prod/887800_bags_and_luggage_in_spain.aspx?afid=302

The Spanish economy is expected to see the light at the end of the tunnel before the end of 2014. National and international agencies have predicted that Spain's GDP growth rate will return to positive ground during 2015. However, the country's high unemployment rate will take longer to fall to the levels recorded prior to the onset of the economic recession. This fact is set to encourage the cautious attitude towards spending that many Spanish consumers have developed since the advent of the economic crisis in late 2008, which were especially obvious during the initial years of the forecast period. Nevertheless, bags and luggage is set to increase in value by 5% in constant 2014 terms over the course of the entire forecast period, returning to positive growth rates after the decline recorded over the review period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Bags and Luggage industry in Spain with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Bags and Luggage industry in Spain, our research will save you time and money while empowering you to make informed, profitable decisions.

The Bags and Luggage in Spain market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

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