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Global Luggage (Business Bags, Travel Bags and Casual Bags) Market: Size, Trends & Forecasts (2019-2023)
May 2019
Global Luggage Market: Coverage
Executive Summary and Scope
Introduction/Market Overview
Global Market Analysis
Regional Market Analysis
Dynamics
Competitive Landscape
Company Profiling
Global Luggage Market: Coverage
Attributes Details
Title Global Luggage Market: Size, Trends & Forecasts (2019-2023)
Coverage Global and Regional
Regional Coverage North America, Central and South America, Europe, Asia Pacific, Middle East & Africa
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2019-2023
Competition in the Market Fragmented
Key Players Samsonite International S.A., VF Corporation, LVMH Group (Rimowa), VIP Industries Limited
Scope of the Report
Global Luggage Market
Luggage can be defined as bags or other items which are used by people for storing and carrying their belongings safely. Various kinds ofluggage include plastic bags, jute bags, leather bags, backpacks, suitcase etc. Steps involved in the manufacturing of luggage includescutting, preparing components, assembling and quality check and packing. The luggage industry is undergoing continuous evolution interms of new brands and styles which has given the consumers more choices than ever before.
Luggage has been segmented on the basis of distribution channel, material type, product type, price and purpose. On the basis ofdistribution channel, luggage has been divided into supermarkets/ hypermarkets, specialty stores, factory outlets, online stores andothers. On the basis of material type, luggage has been segmented into hard-side and soft-side and the types of luggage has been dividedinto business, travel and casual. On the basis of price, luggage has been categorized into value & mid-level, premium and luxury and onthe basis of purpose, luggage has been segmented into personal and commercial.
The global luggage market has witnessed continuous growth in the past few years and is projected to grow even further during theforecast period (2019-2023). The market is expected to be driven by various growth enhancing factors such as growing travel and tourismspending, rapid urbanization, increasing middle class population and spending, etc. Some of the major challenges faced by the market arethreat from counterfeit products and volatility in raw material prices.
Executive Summary
Luggage Market: Global Analysis
Global Luggage Market by Value
The global luggage market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017. The global luggage market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019 at a CAGR of ….% during the period 2019-2023.
CAGRs
2014-2018 xx%
2019-2023 xx%
2014 2015 2016 2017 2018
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
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Luggage Market: Global Analysis
Asia Pacific (China, Japan, Asia Pacific (Excluding Japan & China), xx%
North America, xx%
Europe, xx%
Central & South America, xx%
Middle East & Africa, xx%
Global Luggage Market by Region; 2018
Luggage Market: Global Analysis
Segments Share
Casual bags xx%
Travel bags xx%
Business bags xx%
Global Luggage Market by Segments; 2018
Luggage Market: Segment Analysis
Global Business Bags Market by Value Global Travel Bags Market by Value
Global Casual Bags Market by ValueSegments CAGR
2014-2018 2019-2023
Business bags xx% xx%
Travel bags xx% xx%
Casual bags xx% xx%
2019 2020 2021 2022 2023
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n2019 2020 2021 2022 2023
US
$ B
illio
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Luggage Market: Regional Analysis
North America Luggage Market by Value Central and South America Luggage Market by Value
Europe Luggage Market by Value Region CAGR
2015-2018 2019-2023
North America xx% xx%
Central and South America xx% xx%
Europe xx% xx%
Asia Pacific xx% xx%
Middle East & Africa xx% xx%
2019 2020 2021 2022 2023
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n2019 2020 2021 2022 2023
US
$ B
illio
n
Luggage Market: Dynamics
Growth Driver
•Growing Travel and Tourism Spending
•Rising Purchasing Power
Challenges
•Threat from Counterfeit Products
•Volatility in Raw Material Prices
Market Trends
•Rising Demand for Smart Luggage
•Growing Inclination Towards Branded Products
Luggage Market: Competitive Landscape
• Samsonite International S.A.
• VF Corporation
• LVMH Group (Rimowa)
• VIP Industries Limited
Players Profiled
Note: The graphs on this slide are only for sample representation.