In light of new research conducted by, it’s estimated that the global luggage and leather goods market is expected to generate total revenues of a staggering $74 trillion in 2012, which represents a compound annual growth rate (CAGR) of 2.9% between 2008 and 2012.
The bags, wallets and purses segment is expected to be the market’s most lucrative in 2012, with total revenues of $45.6 trillion, or an equivalent to 61.3% of the market’s overall value.
In addition, the performance of the market is forecast to accelerate, with an anticipated CAGR of 6.8% for the five-year period between 2012 – 2017, which is projected to drive the market to a value of $103.5 Trillion by the end of 2017.