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Global Luggage Market Report --------------------------------------------------2013
View Report Details Executive Summary Despite the general economic conditions worldwide being uneven in 2012, the luggage market witnessed a significant growth. The travel and tourism market, a key driver of luggage business, continued to expand, with global inbound tourists reaching 1.0 billion for the first time in 2012. Asia Pacific region showed the strongest growth in inbound tourism while in more mature markets increase in the number of budget airlines continued to drive demand. Changing regulations on cabin baggage on aircrafts and the increasingly common practice of weight-based charging for hold baggage have made consumers more aware of volume capacity and lightness in luggage. As a result of these changes, manufacturers are focusing on innovative designs that are light-weighted. Polycarbonate resin for making ultra lightweight luggage bags are in huge demand. Travel goods like handbags, smartphones and tablet covers and backpacks were most popular categories among consumers. The global luggage market is intensely competitive with the presence of both organized and unorganized players. Samsonite remains the undisputed leader in the worldwide luggage market, followed by VF Corporation, Tumi, Ace, Delsey, VIP, and Rimowa, among others. Competition is largely based on the brand name; product pricing, quality, and design; product technology; and advertising, among other such factors. The report analyzes the global luggage market. Also, the main markets like the US, China, Japan and India are being presented in the report. The report discusses the key drivers, trends and issues related to the global luggage market. The major players of the industry have also been profiled in the report. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Rise in worldwide inbound tourists has led to an increase in retail sales of luggage and travel goods….…….. The global retail sales of luggage and travel goods increased by ….% y-o-y and reached US$..... billion in 2012. The growth was on account of rise in worldwide inbound tourists that surpassed …. billion (…. billion) for the first time in 2012.
Global Luggage Market Retail Sales (2006-2012E)
US$ Billion
Global import of travel goods (HS Code: 4202) including handbags decreased from US$..... billion in 2011 to US$..... billion in 2012. China is the top exporter of travel goods, including handbags. China’s exported travel goods were valued at US$....... billion in 2012. The other major travel goods exporting countries or areas include China, Hong Kong SAR; France; and Germany, Belgium among others, accounting for nearly ….%, ….%, ….% and …..% share of world exports, respectively, in 2012.
2006
2007
2008
2009
2010
2011
2012
Retail Sales of Travel Goods by Category in the US (2012)
Million Units
The US Travel Goods Retail Sales by Volume (2008-2012)
Total retail sales of travel goods in the US increased from US$.... billion in 2011 to US$..... billion in 2012.
2008
2009
2010
2011
2012
Luggage Business Cases/ Computer Bags Travel/Sports Bags Handbags Personal Leather Goods Backpacks Luggage Locks
Innovative products like polycarbonate resin which is used for making extra light weight luggage bags are in huge demand….. The luggage market in India was worth US$....... billion in 2011 and is expected to grow at an average rate of …..%-……% per annum till 2015.
Indian Luggage Market Size by Value (2010-2015F)
US$ Billion
The export value of luggage goods from India to other countries amounted to US$..... billion whereas import value to India was at US$..... billion in the year 2012. The Japanese luggage market is likely to see robust growth driven by factors like increasing level of outbound tourism from Japan, largely driven by the appreciating Yen.
2010
2011
2012F
2013F
2014F
International tourism receipts hit a new record in 2012, reaching an estimated US$..... billion (Euro …. billion) worldwide up ….% in real terms from US$.... billion (Euro …. billion) in 2011. The ….% growth is much in line with the increase registered in the number of international tourist arrivals.
2015F
World Inbound Tourism-International Tourist Arrivals (2004-2012)
US$ Million
Competitive Landscape of Japanese Luggage market (2012)
Ace
Porter
Samsonite
Tumi
Sunco
Others
Rimowa 2004 2005 2006 2007 2008 2009 2010 2011 2012
Rising international inbound tourists, innovative product designs offered at affordable prices will drive the luggage market in coming years …
US$ Billion
Global Luggage Market Retail Sales Forecast (2012-2016F)
2012A
2013F
2014F
2015F
2016F
•
The retail sales of global luggage market is forecasted to grow at a CAGR of …% over the period 2012-2016 and will reach US$..... billion by 2016.
•
The growth will be driven by factors like high travel and tourism spending, rise in international tourist arrivals, and overall world economic health. According to UNWTO, international tourist arrivals will reach close to …. billion in 2020 and hit …. billion by 2030. Asia-Pacific will gain most of the new arrivals and will also be the strongest growing outbound region.
•
In addition, innovative products like polycarbonate luggage, i.e. a subset of hard luggage which is a lightweight strong plastic material will be driving the luggage market. Similarly demand for cases for electronic gadgets such as smart phones and tablets as well as innovative anti-threat technology for backpacks, leisure bags, photography bags and other travel accessories are increasing.
View Report Details Table of Contents
List of Graphs & Tables
1. Luggage
List of Charts
1.1 Introduction 1.2 Supply Chain
Supply-Chain of Luggage Market Global Luggage Market Retail Sales (2006-2012E) Breakdown of Global Luggage Retail Sales by Segments (2012E) Global Import and Exports of Travel Goods Including Handbags (2008-2012) The US Travel Goods Retail Sales by Value (2008-2012) Export and Import Value of Luggage and Travel Goods in the US (2008-2012) Import Volume of Luggage Bags to the US (2005-2012) China Luggage Industry Market Size (2010-2015F) Export and Import of Luggage Goods in China (2008-2012) Indian Luggage Market Size by Value (2010-2015F) India – Export and Import of Luggage & Travel Goods (2008-2012) Japanese Outbound Travel Growth Rate (2002-2012) Competitive Landscape of Japanese Luggage market (2012) World Inbound Tourism-International Tourist Arrivals (2004-2012) World Inbound Tourism-International Tourism Receipts (2004-2012) International Tourist Arrivals by Region (2012) Travel and Tourism Direct Contribution to World GDP (2003-2012) Real GDP Growth in Developing Countries (2009 versus 2015F) Asia-Pacific: Inbound Tourism International Tourist Arrivals & Tourism Receipts (2004-2012) Samsonite – Net Sales by Product Category (2012) Samsonite Net Sales (2008-2012) Samsonite - Net Sales by Distribution Channels (2012) VF Corporation’s Revenues by Business Segments (2012) VF Corporation’s Revenues (2008-2012) Tumi Holdings - Net Sales by Product Category (2012) Tumi Holdings’ Net Sales (2008-2012) VIP’s Revenues by Geographical Segments (2011-12) VIP’s Net Sales from Operations (2007-08 to 2012-13) Global Luggage Market Retail Sales Forecast (2012-2016F)
2. Global Luggage Market 2.1 Market Size 2.2 Market Segments 2.3 Trade Statistics: Import and Export 3. Luggage Market - Regional Analysis 3.1 The US 3.1.1 Retail Sales by Value 3.1.2 Product Categories 3.1.3 Import and Export Trend 3.2 China 3.2.1 Market Size 3.2.2 Import and Export Trends 3.3 India 3.3.1 Market Size 3.3.2 Import and Export Trends 3.4 Japan 3.4.1 Outbound Travel Growth 3.4.2 Major Market Players 4. Market Trends 4.1 Changing Regulations on Cabin Baggage 4.2 New product Trends 4.3 Demand for Polycarbonate Resin for Ultra-Light Weight
View Report Details Table of Contents 5. Growth Drivers 5.1 International Tourist Arrivals Worldwide 5.2 GDP Contribution by Travel and Tourism Sector 5.3 Rising Demand from Emerging Markets 6. Challenges 6.1 Trade Restrictions 6.2 Rising Raw Material Prices 7. Competitive Landscape 8. Company Profiles 8.1 Samsonite International S.A. 8.1.1 Business Overview 8.1.2 Financial Highlights 8.1.3 Business Strategies -Investment in Advertising & Promotion -Expand Distribution Network 8.2 V.F. Corporation 8.2.1 Business Overview 8.2.2 Financial Highlights 8.2.3 Business Strategies -Global Expansion -Strengthen Supply Chain 8.3 Tumi Holdings, Inc. 8.3.1 Business Overview 8.3.2 Financial Highlights 8.3.3 Business Strategies -Expansion of Store Base -Promotion of E-Business
List of Tables Top Importing Countries of Travel Goods including Handbags (2012) Top Exporting Countries of Travel Goods including Handbags (2012) The US Travel Goods Market by Product Category (2008-2012) The US Travel Goods Retail Sales by Volume (2008-2012) Top Import Partners of Luggage Goods of the US (2012) Top Export Partners of Luggage Goods of the US (2012) Top Export Partners of Luggage Goods of China (2012) Top Import Partners of Luggage Goods of China (2012) Top Export Countries of Indian Luggage Market (2012) Top Import Countries of Indian Luggage Market (2012) Major Luggage Companies – Geographical Footprint Luggage Companies with Major Brands and Target Segment Dependent & Independent Variables (2006-2012) Correlation Matrix Model Summary – Coefficient of Determination Regression Coefficients Output
View Report Details Table of Contents 8.4 VIP Industries Ltd. 8.4.1 Business Overview 8.4.2 Financial Highlights 8.4.3 Business Strategies -Enhance Multi-brand Strategy -Investment in R&D 9. Market Outlook 9.1 Market Forecast 9.2 Forecast Methodology 9.2.1 Dependent and Independent Variables 9.2.2 Correlation Analysis 9.2.3 Regression Analysis
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