Sir Alex Ferguson retired this summer having won a total of 38 trophies - from Charity Shields to Champions League - to leave his successor with a tough task to follow.
Many believe it is unrealistic to expect the 50-year-old Scot to be able to maintain his countryman's golden streak at Old Trafford.
But Giggs, who has won 25 major honours and played more than 1,000 matches for club and country, believes there is no reason why anything should change.
"I think it is a challenge and as a player you always want challenges," said the Welshman as he prepares for an unprecedented 24th season at Old Trafford, albeit his first without Ferguson.
"First and foremost, there are great players there and we have just won the league, so everything is in place for it to carry it on."