Industry Research by Koncept Analytics
Global Luggage Market: Industry Analysis & Outlook ----------------------------------------(2017-2021) May 2017
Global Luggage Market: Industry Analysis & Outlook (2017-2021)
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Executive Summary Historically, the most common types of luggage were chests or trunks made of wood or other heavy materials. These would be shipped by professional movers. Since the second world war, smaller and more lightweight suitcases and bags that can be carried by an individual have become the main form of luggage. A modern traveller can be expected to have packages containing clothing, toiletries, small possessions, trip necessities, and on the return-trip, souvenirs. For some people, luggage and the style thereof is representative of the owner's wealth. The overall luggage market can be divided into three primary sub segments; casual bags, travel bags and business bags. Casual bags include different types of backpacks, female and male shoulder bags and wheeled duffel bags. The travel bag segment comprises of travel products, such as suitcases and carry-ons. And, business bags include convenience for carrying a laptop and documents, and these bags often come in the form of rolling mobile office, briefcase or computer bags. Several factors such as improving travel activities, growth in population of HNWIs, rise in urban population and increasing disposable income will drive growth of the market in the coming years. Further, rising internet penetration and technological innovation will act as a catalyst for the market growth. However, risk of counterfeiting and negative currency impact could prove to be major roadblocks in the smooth market surge. Few notable trends such as oligopoly in organized market segment and increasing focus on lightweight bags are also highlighted in this report. The report “Global Luggage Market: Industry Analysis & Outlook (2017-2021)â€? analyzes the development of this market, with focus on Asia-Pacific, North America and Europe regions. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The four major players: LVMH MoĂŤt Hennessy Louis Vuitton SE, V.F. Corporation, Samsonite International S.A. and V.I.P. Industries Ltd. are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global luggage market along with the study of the regional markets.
Global Luggage Market: Industry Analysis & Outlook (2017-2021)
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Factors such as declining oil prices, improving economic conditions and rapid urbanization are expected to drive growth of this market. Further, increasing travel activities, rising business activities, and growing number of educational courses are also expected to propel the demand for luggage globally. Global Luggage Market Forecast by Value (2016-2021)
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Global Luggage Market by Region (2016)
In 2016, the global luggage market was valued at US$... billion and is further predicted to reach US$... billion by the end of 2021, growing at a CAGR of …%, spanning from 2016 to 2021. In 2016, with …% share, Asia-Pacific continued to dominate the global luggage market, followed by North America and Europe with ...% and …% shares, respectively. In 2016, travel bag accounted for …% of the overall market share, followed by casual bags and business bag with …% and …% shares, respectively.
Global Luggage Market by Segments (2016)
Global Luggage Market: Industry Analysis & Outlook (2017-2021)
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Asia-Pacific luggage market is among the largest individual regional markets. The presence of countries like China and India support the market growth. Factors such as rising disposable income, rapid urbanization, and rising tourism supported growth of this market. Asia-Pacific Luggage Market Forecast by Value (2016-2021)
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North America Luggage Market Forecast by Value (2016-2021 )
In 2016, Asia-Pacific market was recorded at US$... billion and is expected to reach US$... billion by the end of 2021, growing at a CAGR of …%, spanning from 2016 to 2021. In 2016, North America luggage market was recorded at US$... billion and is anticipated to reach US$... billion by the end of 2021, registering a CAGR of …%, spanning from 2016 to 2021. In 2016, luggage market of Europe was recorded at US$... billion and is expected to reach US$... billion by the end of 2021, growing at a CAGR of …%, spanning from 2016 to 2021..
Europe Luggage Market Forecast by Value (2016-2021)
Global Luggage Market: Industry Analysis & Outlook (2017-2021)
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Global Luggage Market: Industry Analysis & Outlook (2017-2021)
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