Mexico Bags and Luggage Market Report: Trends, Growth and Forecast (2026-2032)
By Category (Bags (Cross Body Bags, Bags and Backpacks, Business Bags, Duffle Bags, Clutches, Others), Luggage (Soft Luggage, Hard Luggage, Wheeled Luggage, Non-Wheeled Luggage)), By Sales Channel (Retail Offline, Retail Online), By Material Type (Soft Case (Nylon, Polyester, Ballistic Nylon), Hard Case (Polycarbonate, ABS (Acrylonitrile Butadiene Styrene), Polypropylene)), By Price Category (Luxury, Mass/Economy, Premium), By Application (Travel, Business)
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Major Players
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Mexico Bags and Luggage Market Statistics and Insights, 2026
- Market Size Statistics
- Bags and luggage in Mexico is estimated at USD 7.83 billion in 2025.
- The market size is expected to grow to USD 8.41 billion by 2032.
- Market to register a cagr of around 1.03% during 2026-32.
- Category Shares
- Bags grabbed market share of 95%.
- Competition
- More than 20 companies are actively engaged in producing bags and luggage in Mexico.
- Top 5 companies acquired around 10% of the market share.
- Grupo Piagui SA de CV; adidas de Mexico SA de CV; Saint Laurent México S de RL de CV; Hermès de Paris Mexico SA de CV; Samsonite México SA de CV etc., are few of the top companies.
- Sales Channel
- Retail offline grabbed 85% of the market.
Mexico Bags and Luggage Market Outlook
The Mexico bags and luggage market is projected to be around USD 7.83 billion in 2025 and is expected to reach approximately USD 8.41 billion in 2032, with a compound annual growth rate of about 1.03% during forecast period. The forecast period reflects moderate growth within a conservative end user environment shaped by price pressures and shifting expenditure priorities. After several years of high single-digit growth driven by travel recovery, the market has entered a slower expansion phase as households become more selective in discretionary spending.
Rising prices have played a key role in dampening demand. Prices in the fashion sector, including bags and luggage, increased by 2.4% as of September 2024, reducing affordability for a broad end user base. As a result, demand is becoming increasingly polarised: some end users delay upgrades or reduce purchase frequency, while others continue purchasing handbags and business bags where fashion appeal, perceived quality, and brand value outweigh price sensitivity.
Luggage demand is also evolving. Although travel activity remains high, much of the replacement cycle has already occurred, resulting in slower growth. end users are prioritising spending on travel experiences rather than accessories. At the same time, luxury brands continue to gain market share through strong brand engagement, craftsmanship, durability, and long-term value propositions.
Growth through the forecast period will be supported by luxury handbag demand, increased adoption of second-hand luxury among younger end users, and technological innovation in luggage design. Nevertheless, overall growth will remain constrained, reflecting Mexico’s price-conscious end user environment and a broader shift toward experience-oriented consumption.
Mexico Bags and Luggage Market Growth DriverFashion- and quality-oriented purchasing sustaining selective demand
The end user in Mexico still favors bags and luggage based on their fashion appeal and quality of the product rather than on the price factor. Handbags and business bags report relatively higher performance as buyers in the two categories consider design, brand name, and longevity issues, making them less sensitive to temporary hikes in prices. Such selective demand is useful in stabilising the category despite overall growth moderation.
This trend is supported by price dynamics. As indicated by INEGI, fashion industry prices such as bags and luggage have risen by 2.4% by September 2024, which is lower than the general inflation rate of 4.6% in Mexico. This gap restricts the degree to which price rises discourage style- and quality-sensitive customers, and these subsets remain able to achieve relatively robust value development.
Mexico Bags and Luggage Market ChallengeRising prices and demand saturation slowing replacement cycles
The major challange facing the bags and luggage market in Mexico is the situation of increased prices and demand saturation. Many end users had already repurposed or purchased new luggage in 2023 as travel rebounded and pent-up demand was released. With less urgency in replacement requirements in 2024, buying choices have become more cautious, especially alongside rising prices.
High prices also discourage non-essential expenditure. Even though the prices of bags and luggage are increasing at a slower rate than general inflation, they still present a burden to households. end users are postponing purchases after adopting products with longer lifespans, reducing replacement frequency. This dynamic constrains volume growth and makes incremental sales more difficult, particularly in the luggage segment where differentiation alone does not compel upgrades.
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Mexico Bags and Luggage Market TrendExperience led travel reshaping consumer priorities
Mexicans end user preference is shifting away from acquisition toward experience-led consumption. Travel motivations are increasingly linked to entertainment, leisure, and celebration rather than upgrading travel accessories, 61% of Mexicans reported to Expedia that they are highly likely to attend a concert in 2024, highlighting the influence of experiential drivers on travel behaviour.
Vrbo supports this shift by identifying celebrations such as anniversaries, birthdays, and work milestones as key travel motivators. As a result, bags and luggage are increasingly viewed as functional necessities rather than aspirational upgrades. This trend reduces emotional attachment to frequent replacement and places greater emphasis on the travel experience itself.
Mexico Bags and Luggage Market OpportunitySecond-hand luxury and smart luggage opening new growth avenues
Despite weaker overall growth, opportunities exist through changing ownership models and innovation. Demand for second-hand luxury continues to expand, particularly among younger end users who value sustainability, exclusivity, and access to high-end brands such as Hermès, Chanel, and Louis Vuitton at more accessible price points. This supports resale platforms and circular consumption models.
Simultaneously, technology-driven luggage innovation is opening new segments. Smart luggage, including motorised and app-controlled suitcases pioneered by brands such as Airwheel, enhances convenience and mobility. Features such as autonomous movement and tracking reframe luggage as a value-added travel companion, enabling differentiation despite slower replacement cycles.
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Mexico Bags and Luggage Market Segmentation Analysis
By Category
- Bags
- Cross Body Bags
- Bags and Backpacks
- Business Bags
- Duffle Bags
- Clutches
- Others
- Luggage
- Soft Luggage
- Hard Luggage
- Wheeled Luggage
- Non-Wheeled Luggage
The segment with highest market share under category is Bags, accounting for approximately 95% of the market. This dominance reflects their frequent use across daily, professional, and social occasions, making them more regularly purchased than luggage. Handbags and business bags are expected to be the least affected segments, as end users prioritise design, brand image, and quality over price.
Luxury handbags remain a significant component of the segment, particularly among women, where ownership of well-known brands carries social and symbolic value. Concurrently, demand for second-hand luxury bags is growing, especially among younger end users focused on sustainability, uniqueness, and affordability. This has broadened access to premium brands and reinforced the long-term appeal of bags as both functional and aspirational products. Bags are expected to retain dominance throughout the forecast period.
By Sales Channel
- Retail Offline
- Retail Online
Retail offline remains the dominant sales channel, accounting for approximately 85% of total market value. Physical stores continue to be preferred for bags and luggage in Mexico, particularly for premium and luxury items where end users value in-person evaluation, craftsmanship visibility, and brand experience. Department stores, brand boutiques, and specialist retailers remain central to sales performance.
retail offlinealso benefits from experiential strategies such as exhibitions, pop-up events, and brand storytelling, which strengthen emotional engagement. While e-commerce is gradually expandingparticularly among younger and more price-sensitive end usersit has not displaced physical retail dominance. Offline channels are expected to retain leadership throughout the forecast period, supported by tactile shopping preferences and strong brand-led physical presence.
List of Companies Covered in Mexico Bags and Luggage Market
The companies listed below are highly influential in the Mexico bags and luggage market, with a significant market share and a strong impact on industry developments.
- Grupo Piagui SA de CV
- adidas de Mexico SA de CV
- Saint Laurent México S de RL de CV
- Hermès de Paris Mexico SA de CV
- Samsonite México SA de CV
- Louis Vuitton México S de RL CV
- Capri Holdings Ltd
- Grupo Axo SAPI de CV
- Pull & Bear México SA de CV
- Wilson Sporting Goods Co de Mexico SA de CV
Competitive Landscape
Mexico bags and luggage market is increasingly polarised, with luxury brands strengthening their positions while mid-market players face pressure from slower demand and rising prices. Hermès is expected to retain and expand its leadership in retail value terms in 2024, supported by strong brand equity, investment-driven purchasing, and high-profile engagement initiatives such as the “Hermès in the Making” exhibition, which reinforced its craftsmanship-led positioning. Other global luxury players, including Louis Vuitton, Chanel, Fendi, and Longchamp, remain influential, particularly in handbags, although competitive intensity is rising. At the same time, the growing second-hand luxury ecosystem, led by platforms such as Troquer, is reshaping competition by offering aspirational consumers access to premium brands at lower price points, while also aligning with sustainability and circular economy preferences.
Frequently Asked Questions
Related Report
1. Market Segmentation
1.1. Research Scope
1.2. Research Methodology
1.3. Definitions and Assumptions
2. Executive Summary
3. Mexico Bags and Luggage Market Policies, Regulations, and Standards
4. Mexico Bags and Luggage Market Dynamics
4.1. Growth Factors
4.2. Challenges
4.3. Trends
4.4. Opportunities
5. Mexico Bags and Luggage Market Statistics, 2022-2032F
5.1. Market Size & Growth Outlook
5.1.1.By Revenues in USD Million
5.1.2.By Units Sold in Thousand Units
5.2. Market Segmentation & Growth Outlook
5.2.1.By Category
5.2.1.1. Bags- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.1. Cross Body Bags- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.2. Bags and Backpacks- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.3. Business Bags- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.4. Duffle Bags- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.5. Clutches- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.6. Others- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2. Luggage- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.1. Soft Luggage- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.2. Hard Luggage- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.3. Wheeled Luggage- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.4. Non-Wheeled Luggage- Market Insights and Forecast 2022-2032, USD Million
5.2.2.By Sales Channel
5.2.2.1. Retail Offline- Market Insights and Forecast 2022-2032, USD Million
5.2.2.2. Retail Online- Market Insights and Forecast 2022-2032, USD Million
5.2.3.By Material Type
5.2.3.1. Soft Case- Market Insights and Forecast 2022-2032, USD Million
5.2.3.1.1. Nylon- Market Insights and Forecast 2022-2032, USD Million
5.2.3.1.2. Polyester- Market Insights and Forecast 2022-2032, USD Million
5.2.3.1.3. Ballistic Nylon- Market Insights and Forecast 2022-2032, USD Million
5.2.3.2. Hard Case- Market Insights and Forecast 2022-2032, USD Million
5.2.3.2.1. Polycarbonate- Market Insights and Forecast 2022-2032, USD Million
5.2.3.2.2. ABS (Acrylonitrile Butadiene Styrene)- Market Insights and Forecast 2022-2032, USD Million
5.2.3.2.3. Polypropylene- Market Insights and Forecast 2022-2032, USD Million
5.2.4.By Price Category
5.2.4.1. Luxury- Market Insights and Forecast 2022-2032, USD Million
5.2.4.2. Mass/Economy- Market Insights and Forecast 2022-2032, USD Million
5.2.4.3. Premium- Market Insights and Forecast 2022-2032, USD Million
5.2.5.By Application
5.2.5.1. Travel- Market Insights and Forecast 2022-2032, USD Million
5.2.5.2. Business- Market Insights and Forecast 2022-2032, USD Million
5.2.6.By Competitors
5.2.6.1. Competition Characteristics
5.2.6.2. Market Share & Analysis
6. Mexico Bags Market Statistics, 2022-2032
6.1. Market Size & Growth Outlook
6.1.1.By Revenues in USD Million
6.1.2.By Units Sold in Thousand Units
6.2. Market Segmentation & Growth Outlook
6.2.1.By Category- Market Insights and Forecast 2022-2032, USD Million
6.2.2.By Sales Channel- Market Insights and Forecast 2022-2032, USD Million
6.2.3.By Material Type- Market Insights and Forecast 2022-2032, USD Million
6.2.4.By Price Category- Market Insights and Forecast 2022-2032, USD Million
6.2.5.By Application- Market Insights and Forecast 2022-2032, USD Million
7. Mexico Luggage Market Statistics, 2022-2032
7.1. Market Size & Growth Outlook
7.1.1.By Revenues in USD Million
7.1.2.By Units Sold in Thousand Units
7.2. Market Segmentation & Growth Outlook
7.2.1.By Category- Market Insights and Forecast 2022-2032, USD Million
7.2.2.By Sales Channel- Market Insights and Forecast 2022-2032, USD Million
7.2.3.By Material Type- Market Insights and Forecast 2022-2032, USD Million
7.2.4.By Price Category- Market Insights and Forecast 2022-2032, USD Million
7.2.5.By Application- Market Insights and Forecast 2022-2032, USD Million
8. Competitive Outlook
8.1. Company Profiles
8.1.1.Hermès de Paris Mexico SA de CV
8.1.1.1. Business Description
8.1.1.2. Product Portfolio
8.1.1.3. Collaborations & Alliances
8.1.1.4. Recent Developments
8.1.1.5. Financial Details
8.1.1.6. Others
8.1.2.Samsonite México SA de CV
8.1.2.1. Business Description
8.1.2.2. Product Portfolio
8.1.2.3. Collaborations & Alliances
8.1.2.4. Recent Developments
8.1.2.5. Financial Details
8.1.2.6. Others
8.1.3.Louis Vuitton México S de RL CV
8.1.3.1. Business Description
8.1.3.2. Product Portfolio
8.1.3.3. Collaborations & Alliances
8.1.3.4. Recent Developments
8.1.3.5. Financial Details
8.1.3.6. Others
8.1.4.Capri Holdings Ltd
8.1.4.1. Business Description
8.1.4.2. Product Portfolio
8.1.4.3. Collaborations & Alliances
8.1.4.4. Recent Developments
8.1.4.5. Financial Details
8.1.4.6. Others
8.1.5.Grupo Axo SAPI de CV
8.1.5.1. Business Description
8.1.5.2. Product Portfolio
8.1.5.3. Collaborations & Alliances
8.1.5.4. Recent Developments
8.1.5.5. Financial Details
8.1.5.6. Others
8.1.6.Grupo Piagui SA de CV
8.1.6.1. Business Description
8.1.6.2. Product Portfolio
8.1.6.3. Collaborations & Alliances
8.1.6.4. Recent Developments
8.1.6.5. Financial Details
8.1.6.6. Others
8.1.7.adidas de Mexico SA de CV
8.1.7.1. Business Description
8.1.7.2. Product Portfolio
8.1.7.3. Collaborations & Alliances
8.1.7.4. Recent Developments
8.1.7.5. Financial Details
8.1.7.6. Others
8.1.8.Saint Laurent México S de RL de CV
8.1.8.1. Business Description
8.1.8.2. Product Portfolio
8.1.8.3. Collaborations & Alliances
8.1.8.4. Recent Developments
8.1.8.5. Financial Details
8.1.8.6. Others
8.1.9.Pull & Bear México SA de CV
8.1.9.1. Business Description
8.1.9.2. Product Portfolio
8.1.9.3. Collaborations & Alliances
8.1.9.4. Recent Developments
8.1.9.5. Financial Details
8.1.9.6. Others
8.1.10. Wilson Sporting Goods Co de Mexico SA de CV
8.1.10.1. Business Description
8.1.10.2. Product Portfolio
8.1.10.3. Collaborations & Alliances
8.1.10.4. Recent Developments
8.1.10.5. Financial Details
8.1.10.6. Others
9. Disclaimer
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Research Methodology
This study followed a structured approach comprising four key phases to assess the size and scope of the electro-oxidation market. The process began with thorough secondary research to collect data on the target market, related markets, and broader industry context. These findings, along with preliminary assumptions and estimates, were then validated through extensive primary research involving industry experts from across the value chain. To calculate the overall market size, both top-down and bottom-up methodologies were employed. Finally, market segmentation and data triangulation techniques were applied to refine and validate segment-level estimations.
Secondary Research
The secondary research phase involved gathering data from a wide range of credible and published sources. This step helped in identifying industry trends, defining market segmentation, and understanding the market landscape and value chain.
Sources consulted during this phase included:
- Company annual reports, investor presentations, and press releases
- Industry white papers and certified publications
- Trade directories and market-recognized databases
- Articles from authoritative authors and reputable journals
- Gold and silver standard websites
Secondary research was critical in mapping out the industry's value chain and monetary flow, identifying key market segments, understanding regional variations, and tracking significant industry developments.
Other key sources:
- Financial disclosures
- Industry associations and trade bodies
- News outlets and business magazines
- Academic journals and research studies
- Paid industry databases
Primary Research
To validate secondary data and gain deeper market insights, primary research was conducted with key stakeholders across both the supply and demand sides of the market.
On the demand side, participants included decision-makers and influencers from end-user industries—such as CIOs, CTOs, and CSOs—who provided first-hand perspectives on market needs, product usage, and future expectations.
On the supply side, interviews were conducted with manufacturers, industry associations, and institutional participants to gather insights into current offerings, product pipelines, and market challenges.
Primary interviews provided critical inputs such as:
- Market size and revenue data
- Product and service breakdowns
- Market forecasts
- Regional and application-specific trends
Stakeholders consulted included:
- Leading OEM and solution providers
- Channel and distribution partners
- End users across various applications
- Independent consultants and industry specialists
Market Size Estimation and Data Triangulation
- Identifying Key Market Participants (Secondary Research)
- Goal: To identify the major players or companies in the target market. This typically involves using publicly available data sources such as industry reports, market research publications, and financial statements of companies.
- Tools: Reports from firms like Gartner, Forrester, Euromonitor, Statista, IBISWorld, and others. Public financial statements, news articles, and press releases from top market players.
- Extracting Earnings of Key Market Participants
- Goal: To estimate the earnings generated from the product or service being analyzed. This step helps in understanding the revenue potential of each market player in a specific geography.
- Methods: Earnings data can be gathered from:
- Publicly available financial reports (for listed companies).
- Interviews and primary data sources from professionals, such as Directors, VPs, SVPs, etc. This is especially useful for understanding more nuanced, internal data that isn't publicly disclosed.
- Annual reports and investor presentations of key players.
- Data Collation and Development of a Relevant Data Model
- Goal: To collate inputs from both primary and secondary sources into a structured, data-driven model for market estimation. This model will incorporate key market KPIs and any independent variables relevant to the market.
- Key KPIs: These could include:
- Market size, growth rate, and demand drivers.
- Industry-specific metrics like market share, average revenue per customer (ARPC), or average deal size.
- External variables, such as economic growth rates, inflation rates, or commodity prices, that could affect the market.
- Data Modeling: Based on this data, the market forecasts are developed for the next 5 years. A combination of trend analysis, scenario modeling, and statistical regression might be used to generate projections.
- Scenario Analysis
- Goal: To test different assumptions and validate how sensitive the market is to changes in key variables (e.g., market demand, regulatory changes, technological disruptions).
- Types of Scenarios:
- Base Case: Based on current assumptions and historical data.
- Best-Case Scenario: Assuming favorable market conditions, regulatory environments, and technological advancements.
- Worst-Case Scenario: Accounting for adverse factors, such as economic downturns, stricter regulations, or unexpected disruptions.
