View Report Details Global Luggage Market Report ----------------------------------------2015
View Report Details Executive Summary The global luggage industry consists of products like travel bags, bag packs, duffel bags, laptop bags, other business travelling bags and various travel accessories. People carry luggage according to their needs and choices. This variation in needs and requirements makes the consumers to demand luggage in various styles and this provides the reason for the luggage products to be so diverse in terms of utility. Luggage is the most indispensable part of travel and tourism. The report “Global Luggage Market: 2015 Edition� provides a comprehensive analysis of the global luggage market, with focus on its segments including: casual bag, travel bag and business bag along with in-depth study of the US, Indian and Chinese luggage market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, Samsonite International S.A., V.F. Corporation, Tumi Holdings, Inc. and V.I.P. Industries Ltd. are being profiled. The key factors driving the growth of the luggage market are increasing demand for travel & tourism, rising internet penetration, increasing globalization, technological advancement and global GDP. Some of the noteworthy trend and developments of this industry are new luggage design and innovation, increasing contribution of travel and tourism in economy and rise of the global travelling class. However, the expansion of global luggage market is hindered by increasing competition, trade restriction and large unorganized market 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.
Factors like for travel & tourism, rising internet penetration, increasing globalization and technological advancements are driving luggage market globally….. Global Luggage Market Retail Sales (2006-2015E) The global retail sales of luggage and travel goods increased to US$... billion in 2014 from US$... billion in 2013, representing annual growth of ...% and are estimated to reach US$... billion by 2015. The same registered at CAGR of …% over the period spanning of 2009-2014.
US$ Billion
As of 2014, Travel Bag accounted for the largest share of …% in global luggage retail sales, followed by Casual Bag and Business Bag with …% and …% share respectively. The retail sales value of the US luggage market increased to US$... billion in 2014 from US$... billion in 2013, representing a growth of …%. The same registered at CAGR of …% during the period 2009-2014. 2006
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Breakdown of Global Luggage Retail Sales by Segments (2014)
US$ Billion
The US Luggage Sales by Value (2007-2014)
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Factors like for travel & tourism, rising internet penetration, increasing globalization and technological advancements are driving luggage market globally….. The US Travel Goods Market Breakdown by Value (2014)
Travel/sports bags accounted for the largest share of …% the US travel goods market. Handbags stood at second position with share of …%, followed by luggage, personal leather goods and backpacks with …%, …% and ...% share respectively. Indian luggage industry was valued at US$... million in 2013, as compared to US$... million in 2012, representing a growth of …% and is expected to have reached US$... million in 2014. Chinese luggage industry was valued at US$... million in 2014 and is expected to reach US$... by 2015. The same registered a CAGR of …% over the period of 2010-2014.
Indian Luggage Market – by Value (2006-2014E)
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US$ Million
China Luggage Market Value (2010-2015E)
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Increasing contribution of travel and tourism in economy and rise of the global travelling class are the chief factors that will drive the luggage market…
US$ Billion
Global Luggage Market Retail Sales Forecast (2014-2018E)
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The retail sales of global luggage market is poised to grow at compound annual growth rate of …% from US$... billion in 2014 to US$... billion in 2018.
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Demand for luggage is pegged to economic growth. The economic growth of a country leads to an increase in wealth, thereby contributing in the growth of respective market as the spending power increases
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With rising demand for travel & tourism industry, rising internet penetration, growth of global traveling class, increasing globalization, technological advancement and global GDP, the demand for global luggage market is increasing at a very fast pace.
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The future growth for luggage market would mainly be driven by travel and tours and global GDP.
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