Highlights

• Revenue in the Bags & Accessories segment is projected to reach US$54,197m in 2020.
• Revenue is expected to show an annual growth rate (CAGR 2020-2025) of 11.1%, resulting in a projected market volume of US$91,841m by 2025.
• User penetration will be 24.3% in 2020 and is expected to hit 40.7% by 2025.
•  The average revenue per user (ARPU) is expected to amount to US$154.32.
• In global comparison, most revenue will be generated in China (US$54,197m in 2020).

Revenue

Revenue in the Bags & Accessories segment is projected to reach US$54,197m in 2020.

User

In the Bags & Accessories segment, the number of users is expected to amount to 597.0m by 2025.

ARPU

The average revenue per user (ARPU) in the Bags & Accessories segment is projected to amount to US$154.32 in 2020.

Sales channels

In the Bags & Accessories segment, 47% of total market revenue will be generated through online sales by 2023.

Users by age

In the year 2020 a share of 35.6% of users is 25-34 years old.

Global comparison revenue

With a projected market volume of US$54,197m in 2020, most revenue is generated in China.

Source from Statista