Global Luggage Market Report: 2012 Edition

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Global Luggage Market -------------------------------2012


View Report Details Executive Summary Industrial revolution and scientific, social and political developments in the past century have changed the pattern and quantum of travelling forever. Being a necessary part of travelling, the demand for luggage inevitably witnessed a tremendous leap. Last few decades have also seen the use of luggage in diverse applications giving a remarkable boost to the luggage market at global level. Amid the recent global economic downturn, the worldwide luggage industry witnessed reduced demand as people were forced to cut down expenses on travel and tourism. However, the improved economic prospects for 2010 translated into higher luggage sales for the period. Furthermore, in the wake of favorable market conditions the global luggage market is projected to grow at a CAGR of about 4.5% during 2011-2014. North America and Europe are the largest luggage markets, collectively accounting for a lion's share of the global luggage sales. The Asian region including Japan closely follows as other significant regional market, with China and India, witnessing the maximum growth. The emerging regions of the world are expected to record rapid growth in the luggage market over the long term, given the escalating demand for the same as a result of increased spending on travel and tourism. The casual bag product category holds the largest share of the overall luggage market. Luggage manufacturers across the globe are increasingly focusing on targeted advertising and promotion activities as well as on research, development, and designing of new products. Further, luggage as a fashion accessory has recently become a norm in the global market leading to its increased usage. This in turn has encouraged the global suppliers of luggage to constantly innovate in order to meet the evolving needs of consumers. Moreover, lately, the need for better and expanded distribution network with new points of sale has also gained importance. Travel and tourism activity, inevitably, remains the major growth driver of luggage market, coupled with economic health of the country and people's buying power. The global luggage market is highly fragmented and intensely competitive with numerous branded as well as unbranded or unorganized players operating in the market. 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 North American, European, Asian and Latin American markets are being presented in the report. The report discusses the key drivers and issues related to the global luggage market. The major players of the industry have also been profiled in the report.


Global luggage sales noted marked recovery in 2010 after suffering a steep decline the previous year…. Global Luggage Market Retail Sales: 2006-2010

 The global luggage market retail sales reached approx. US$........billion in 2010, up ……..% over the prior year, due to the following key factors…………….., ……………, and …………., among others.  Among the three major categories of luggage: Casual, business, and travel bags, ……….accounted for the largest share of about…………% of the global luggage sales in 2010, immediately followed by………….  Imports of travel goods (including handbags), world over, increased by about …….% to reach US$ ……. ..billion for 2010.

Breakdown of Global Luggage Retail Sales by Segment: 2010

 The three major luggage importing countries: ………., …………, and ……………. collectively accounted for more than ……% of the world imports in 2010.  Global exports of travel goods (including handbags) increased by approx………% in 2010, as against a decline of ………………% in 2009.  The top exporter of travel goods: …….. exported goods (including handbags) worth US$.........billion in 2010, representing ………..% share of the world exports.


Developed regions’ dominance continues while developing regions share in the global luggage market is fast expanding… Geographical Segmentation of the Global Luggage Market: 2010

 Geographically, …………and ……… are the largest luggage markets, however, Asia including Japan accounted for highest revenue generation of about ………% in 2010.  After suffering steep decline in 2009, due to………., the North American luggage market recovered to achieve a new high in 2010, with sales reaching approx US$…….. billion.  The Asian luggage market retail sales (including Japan) marked an increase of ……% in 2010 over 2009.  The growth in the Asian luggage market, with leading regions being……., ……., and …….., is reflective of following key factors…………………………………………...

Asian (Including Japan) Luggage Market- Retail Sales: 2006-2010

2010

2009

2008

2007

2006

2010

2009

2008

2007

2006

US$ Billion

US$ Billion

North America Luggage Market: 2006-2010


Global luggage market is poised for a steady and long term growth amid intense competition… Global Luggage Market Share by Retail Sales (%): 2010

• The intensely competitive global luggage market is led by ………., with market share of about……% as noted for 2010, followed by other players such as ………., …………., and ……….., among others. • The global luggage market retail sales are projected to reach nearly US$..........billion by 2014, expanding at a CAGR of approx. …….% during 2011-2014.

Global Luggage Market Retail Sales Forecast: 2010-2014F

• The factors responsible for a steady and continuous growth in the luggage market, world over, include…………………………………………………… …………………………… • In addition to the conventional driving factors, change in……….. . and rising popularity of …………….. are also significantly driving the world demand for luggage and allied products.


View Report Details Table of Contents

List of Charts and Tables

1. Luggage Products: An Overview

List of Charts

2. Global Luggage Market Structure

Global Luggage Market Retail Sales, 2006-2010 Geographical Segmentation of the Global Luggage Market, 2010 Breakdown of Global Luggage Retail Sales by Segment, 2010 Global Imports of Travel Goods including Handbags, 2001-2010 Global Exports of Travel Goods including Handbags, 2001-2010 Supply-Chain of Luggage Market Global Casual Bags Sales, 2006-2010 Global Travel Bags Sales, 2006-2010 Global Business Bags Sales, 2006-2010 North America Luggage Market, 2006-2010 The US Exports of Travel Goods including Handbags, 2006 & 2010 Per Capita Expenditure on Luggage in North America, 2010A-2016F Total Travel Expenditures in the US, 2000-2010 Total International Visitors to the US, 2006-2016F North America - Domestic Travel and Tourism Spending, 2006-2020F The US - Total Domestic Person-Trips, 2006-2016F European Luggage Market Retail Sales, 2006-2010 Per Capita Expenditure on Luggage in Europe, 2010A-2016F Europe: Domestic Travel and Tourism Spending, 2005-2016F Asian (Including Japan) Luggage Market- Retail Sales, 2006-2010 Asian Luggage Market Breakup by Countries, 2010 Indian Luggage Market, 2010A-2015F Indian Luggage Market Segmentation by Category, 2010 Per Capita Expenditure on Luggage in Asia (excluding Japan), 2010A2016F Per Capita Expenditure on Luggage in Major Asian Countries, 2010A2016F Inbound Tourism Arrivals - Asia Pacific, 2003-2010 Travel and Tourism Spending in Asian Region, 2005-2016F Retail and Wholesale POS Addition Trend in Asia: (2011F-2014F) Luggage Market in Latin America, 2006-2010 Per Capita Expenditure on Luggage in Latin America, 2010A-2016F

2.1 Global Luggage Market Market Value Breakdown by Region Key Segments 2.2 Global Luggage Trade Imports Exports 2.3 Supply Chain Analysis 3. Luggage Market - Segment Analysis 3.1 Casual Bag 3.2 Travel Bag 3.3 Business Bag 4. Luggage Market - Regional Analysis 4.1 North America 4.1.1 North American Luggage Market Retail Sales 4.1.2 The US Luggage Market Market Value Market Volume Exports/Imports 4.1.3 Factors Driving the North American Luggage Market Per Capita Expenditure Retail & Wholesale POS Addition Travel Expenditures International Passengers Domestic Person Trips by Business/Leisure GDP Growth


View Report Details 4.2 Europe 4.2.1 European Luggage Market Retail Sales 4.2.2 Factors Driving the European Luggage Market Per Capita Expenditure Retail & Wholesale POS Addition Travel Expenditures Inbound & Outbound Tourists GDP Growth in European Countries 4.3 Asia 4.3.1 Asian Luggage Market Retail Sales 4.3.2 Asian Luggage Market – Geographic Breakup 4.3.3 Indian Luggage Market 4.3.4 Factors Driving the Asian Luggage Market Per Capita Expenditure Retail & Wholesale POS Addition Travel Expenditures Inbound & Outbound Tourists GDP Growth 4.4 Latin America 4.4.1 Latin America Luggage Market Retail Sales 4.4.2 Factors Driving the Latin American Luggage Market Per Capita Expenditure Retail & Wholesale POS Addition Travel Expenditures Inbound & Outbound Tourists GDP Growth 5. Market Dynamics 5.1 Global Market Trends 5.1.1 Design of New and Innovative Products 5.1.2 Online Travel and Tourism Market Gaining Share 5.1.3 Strong and Targeted Advertising and Promotion Investment 5.1.4 Global Distribution and Addition of New Points of Sale

Domestic Travel and Tourism Spending in Latin America, 2005-2016F International Tourist Arrivals Worldwide, 2000-2010 GDP Worldwide, 2005-2012F Tourism Expenditure by Counties of Asia, 2010 Travel and Tourism Direct Contribution to World GDP, 2000-2010 Regional Contribution to World Direct Travel and Tourism GDP, 2011 Global Luggage Market Share by Retail Sales, 2010 Samsonite’s Revenues by Product Category*, 2011 Samsonite’s Revenues and Net Income, 2007-2011 VF Corporation’s Revenues by Business Segments, 2011 VF Corporation’s Revenues and Net Income, 2007-2011 Tumi Holdings’ Revenues by Business Segments, 2011 Tumi Holdings’ Revenues and Net Income, 2007-2011 VIP’s Revenues by Business Segments, 2011 VIP’s Revenues and Net Income, 2008-2012 Global Luggage Market Retail Sales Forecast, 2010-2014F List of Tables Top Importing Countries or Areas of Travel Goods including Handbags, 2010 Top Exporting Countries or Areas of Travel Goods including Handbags, 2010 The US Travel Goods Market - by Value, 2007-2011 The US Travel Goods Market - by Volume, 2007-2011 The US Luggage Import Volume by Country, 2009-2010 The US Luggage Imports Value by Country, 2009-2010 Retail and Wholesale POS Addition Trend: 2011F-2014F GDP Growth (%) in North American Countries: 2004-2013F Retail and Wholesale POS Addition in Europe, 2011F-2014F Holiday Trips of the EU Residents (15+) in Major European Countries, 2010 Real GDP Growth Rate (y-o-y) in EU Countries, 2006-2013F Inbound and Outbound Tourism in Major Asian Markets: 2005-2010


View Report Details 5.2 Global Market Growth Drivers 5.2.1 International Tourist Arrivals Worldwide 5.2.2 Increasing Disposable Income 5.2.3 Increasing Travelers from Asia-Pacific Region 5.2.4 GDP Contribution by Travel and Tourism Sector 5.2.5 Regional Contribution to Direct Travel and Tourism GD 6. Luggage Market - Competitive Scenario Competitive Overview Market Share 7. Company Profiles 7.1 Samsonite International S.A. Business Description Key Financials Business Strategies High Spending on Marketing Activities Offering Regionally Developed Products 7.2 V.F. Corporation Business Description Key Financials Business Strategies Global Market Expansion Focus on Direct-to-Consumer Business 7.3 Tumi Holdings, Inc. Business Description Key Financials Business Strategies Expanding Store Base Constant New Product Introductions

GDP Growth Rate (y-o-y) in Asian Countries: (2006-2013F) Retail and Wholesale POS Addition Trend in Latin America, (2011F2014F) GDP Growth (%) in Latin American Countries, 2005-2012F Online Population Breakdown by Region, 2011 Samsonite Distribution Pattern Tumi Distribution Pattern Dependent & Independent Variables, 2006-2010 Correlation Matrix Model Summary – Coefficient of Determination Regression Coefficients Output


View Report Details 7.4 VIP Industries, Ltd. Business Description Key Financials Business Strategies Leveraging the Strength of Its Brands Increasing R&D Operations 8. Market Outlook 8.1 Market Forecast 8.2 Forecast Methodology 8.2.1 Dependent and Independent Variables 8.2.2 Correlation Analysis 8.2.3 Regression Analysis


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