In the bag: Revenue has grown strongly despite competition from overseas retailers

The Online Handbag and Luggage Sales industry has grown strongly over the past five years, assisted by the growing popularity of online shopping. While the industry is small compared with the overall online retail market, it provides consumers with a new shopping avenue that offers more affordable prices and a more extensive range of handbags and luggage than traditional bricks-and-mortar establishments. The proliferation of internet connectivity and rising mobile data consumption have expanded the industry’s reach to downstream markets.Industry revenue is expected to rise at an annualised 13.0% over the five years through 2016-17, to reach $115.4 million. Strong competition from bricks-and-mortar retailers has prevented industry growth from being more pronounced...read more.

Industry Statistics & Market Size
Revenue
$115m
Annual Growth 12-17
13.0%
Forecast Growth 17-22
x.x%lock
Profit
x.x%lock
Employment
238
Businesses
174
Market Share of Companies

Industry Threats & Opportunities

  • Operators face strong competition from overseas websites, which often retail exclusive brands
  • The industry’s strong growth has attracted many new industry participants
  • Traditional retailers are expected to ramp up their instore service and product offerings

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    Industry Report - Industry Analysis Chapter

    The Online Handbag and Luggage Sales industry has grown strongly over the past five years. The increasing popularity of online shopping has assisted industry sales. The growing range of industry products, lower prices and the convenience that online shopping offers consumers have also contributed to strong sales. Although the industry remains small compared with the overall online retail sector, this avenue of product distribution has allowed consumers to browse a large range of handbags, luggage and other personal accessories, and purchase them from the convenience of their own home. Despite this, competition from foreign websites has prevented the industry’s growth from being even more pronounced. Overall, the industry has grown largely in line with the overall online retail sector. Ind...purchase to read more.

    Additional Insights for the Online Handbag and Luggage Sales Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Handbag and Luggage Sales Industry are

  • Having a good reputation
  • Provision of superior after-sales service
  • Ability to control stock on hand

    • IBISWorld analysts also discuss how external factors such as Demand from online shopping and Real household discretionary income in the Online Handbag and Luggage Sales industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Online Handbag and Luggage Sales Industry?

    The industry includes online sales of handbags, luggage, briefcases, backpacks, satchels, wallets and other related accessories. Sales from online-only retailers and the online operations of bricks-and-mortar stores are included in the industry.

    Industry Products
  • Handbags
  • Wallets and purses
  • Luggage and briefcases
  • Backpacks and satchels
  • Accessories
    • Industry Activities
  • Online handbag and briefcase retailing
  • Online luggage retailing
  • Online leather goods retailing
  • Online accessories retailing
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Demand from online shopping
  • Real household discretionary income
  • Consumer sentiment index
  • US dollars per Australian dollar

    • Current Performance
  • Competition intensifies
  • Consumer conditions
  • Evolving technology
  • Profit and participation
  • Chart: Revenue Growth

    • Industry Outlook
  • Rising competition
  • Growth potential
  • Profit and participation
  • Table: Online Handbag and Luggage Sales Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Handbag and Luggage Sales Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services
  • Consumers

    • Key Selling Industries
  • Courier Pick-up and Delivery Services
  • Internet Service Providers
  • Leather and Leather Substitute Product Manufacturing

    • Products & Services
  • Handbags
  • Luggage and briefcases
  • Backpacks and satchels
  • Wallets and purses
  • Accessories
  • Chart: Online Handbag and Luggage Sales Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Online Handbag and Luggage Sales Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Online Handbag and Luggage Sales

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Handbag and Luggage Sales Industry

    • Industry Globalization

    Major Companies

    Strandbags Group Pty Limited,
  • Table: Strandbags Group Pty Limited - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Handbag and Luggage Sales Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Online Handbag and Luggage Sales Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Bricks-And-Mortar
  • A store that has a physical presence and location.
    • M-Commerce (Mobile Commerce)
  • The buying and selling of goods and services through wireless handheld devices such as smartphones, tablets.
    • Nbn
  • The National Broadband Network, a high-speed internet service.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Online Handbag and Luggage Sales market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Handbag and Luggage Sales:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Handbag and Luggage Sales market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Handbag and Luggage Sales, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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