market research

[ ]The report details the trends of the luggage industry by region and by type of luggage from 2000-2015. It also looks at the global travel industry and where it is headed

2010

VIP Industries Ltd

INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

The primary purpose of this study is to provide comprehensive market intelligence on the Global Market for Luggage. This report attempts to provide a comprehensive review of the market situation and analyzes trends by each region to the year 2015.

A combination of primary and secondary research has been used for all findings. The usage of obtained information is based on the perceived reliability of the source by the researcher. In many cases, a combination of such sources was used. Global Industry Analysts Inc. (GIA) provides an in-depth analysis of the market segments. The critical strategy at Global Industry Analysts, Inc. (GIA) is to design, analyze, and report on various markets on a global basis.

Our analysts identify and discuss most competitors in the global marketplace in a given segment. Executives in marketing, strategic planning, and new business development will find such discussions in our studies pertinent and useful. Management consultants, investment bankers, distributors, suppliers of raw materials, and regulatory and governmental policy making officers are amongst our regular clientele served.

Worldwide competitors in each segment are identified in this report. Key competitors are extensively discussed throughout our reports. The Competitive Intelligence section profiles large diversified players as well as small private niche players that are seldom reported in the news or by most researchers. Profiles of such local and less prominent players are intended to provide a general perspective of the market makeup.

In our market determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in that region. The next step was to conduct primary research, involving levels 1 & 2 questionnaires targeting marketing and sales executives worldwide.

Another primary research technique useful in supple mental market research was sending focused and detailed letters to senior management in companies worldwide, particularly those operating in markets that are not well reported in secondary research feeds. These letters sought answers to specific questions pertinent to the region.

STUDY RELIABILITY AND REPORTING LIMITATIONS

Primary and secondary research was completed over a four-month period to determine market size, growth trends, major impacting factors, and relative strengths and weaknesses of companies.

Extensive effort is made to provide reliable information. However, we do not accept responsibility for the findings and other information provided in this report. Information presented in our studies is constrained by the credibility of the primary and secondary research sources. Often times hundreds of such secondary source feeds are used to derive the final pub lished data. It is beyond the scope of our reports to evaluate the credibility of these sources and validity of such obtained data.

Researchers at GIA make extensive efforts to obtain the best mix of information through established research techniques, to present extensive and yet reliable information about the markets. Most of the data is drawn from secondary research sources. Sometimes very little information may be reported requiring another effective method – historic cross linking of published data and using period growth CAGR to derive analytics. Most of the company-related information is extracted from company websites and several other online published sources. We never use econometric modeling techniques to derive

market analytics. It is important to recognize that several research publishers use such techniques. At GIA, we pride in the ability to draw from diverse multilingual information sources to collect, analyze and publish research that is rarely reported.

DATA INTERPRETATION & REPORTING LEVEL

All the figures and forecasts provided in this report are presented in value (US$ Million) at the retail level unless otherwise specified. The "Recent Past, Current and Future Analysis" covering the period 2007 through 2015 has been drawn from an extensive list of secondary sources combined with primary source feeds. The data reported as "Historic" from 2000 through 2006 is drawn largely from secondary feeds and previous primary research programs.

Quantitative Techniques & Analytics

Each data table is followed by a list of notes. Error tolerance in these notes indicates the actual reliability of the data. The reliability of the data used in this report is based on an overall essence of all the sources used for the estimates. Data tolerance is based on several parameters that were standardized and/or used for estimates that have margin for error.

Global Industry Analysts automatically places a 5% (+/-) error tolerance on all market data. Some geographic markets will be accurately reported with a tolerance of less than 5% (+/-) while others could have a tolerance of 10% to15% (+/-).

The dollar figures provided in this report have not been adjusted for inflation. They are in nominal terms and not real terms. The impact of exchange rate fluctuations has not been analyzed.

Exchange rates used for standardizing data in this report are 1 US $ = 1.05 Canadian Dollars, 91.35 Japanese Yen, 0.81 Euro, 0.69 British Pound and 30.84 Russian Rubles. Data is standardized to the currency values as on June 01, 2010. Historic data is reported as is and not standardized to base year (2009) currency values.

PRODUCT DEFINITIONS AND SCOPE OF STUDY

The market for Luggage is analyzed by the following product types:

1. Suitcases/Pullmans, Casual Bags & Garment Bags

2. Business Bags

3. Sports Bags, Backpacks & Daypacks

4. Others

Suitcases/Pullmans, Casual Bags & Garment Bags

Suitcases/Pullmans

Suitcases, also known as pullmans, are usually offered in sizes from 24" to 36", and in hard-sided, semi-soft, and soft-sided structures. The hard-sided suitcases are either box-structured cases made of metal or wood frames, or molded cases made up of ABS plastics, polypropylene or metal on all six sides, covered with vinyl, leather or fabric materials.

Semi-soft cases are lighter in weight when compared to hard-sided cases, yet facilitates good protection of clothes and other accessories. These semi soft cases comprise slightly stretchable tops and bottoms, along with pull-straps and wheels.

Soft-sided cases are generally made from soft textiles and contain an internal frame that facilitates stiffness to retain their structure. They are usually lighter in weight, expandable, and possess zippers for locking. These suitcases are robust and can be conveniently stretched.

Casual Bags

Casual/multi-purpose bags look like open-top shopping bags made of leather or fabric. These bags are usually smaller than carry-ons and are suitable for every day requirements, as day bags or as beach bags while traveling.

Garment Bags

Garment bags are basically designed to carry two to four garments, by enabling travelers to pack their clothes on hangers. These bags are available in length from 40" to 60". Usually the 54" bags are suitable for packing women’s dresses, wherein 40" are ideal for men’s suits.

Business Bags

Business Bags are designed with metal clasps, heavy zippers, and padded shoulder straps. Advanced versions of business bags include cell phone holders, padded laptop compartments, and pouches for holding mouse, cords, files, and calculators. Business bags’ categories include messenger bags, wheeled computer bases, business cases, etc.

Sports Bags, Backpacks & Daypacks

Sports Bags

Sports Bags are usually big sized bags, with more space for carrying additional load. Premium sports bags comprise big compartments for carrying gloves, bats, cleats, and protective equipment.

Backpacks

Backpacks are available both in large and small sizes. However, smaller backpacks are more preferred than larger ones as the former provide enhanced mobility and comfort while traveling. Backpack on wheels comprise long pullout handles, and are popular among school-going kids.

Daypacks

Daypacks, which are well-organized products with a fashionable look, provide additional facilities such as detachable computer cases, and organizers, hot button (style).

Others

Others include train cases, trunks, catalog cases, satchels, holdalls, overnight bags, rucksacks, valises and cosmetic cases.

The report contains the following

A. Largest tourist destination in terms of number of people (arrivals) and analysis of the same.

Dummy Data (example of data available)

International tourist destination (2004-06) arrival of tourists in millions

Region 2004 2005 2006

Region 1 0.00 0.00 0.00Region 2 0.00 0.00 0.00Region 3 0.00 0.00 0.00Region 4 0.00 0.00 0.00Total 0.00 0.00 0.00

b. Biggest markets for tourism in terms of flow of revenue (receipts) and analysis of the same.

Tourism receipts in US $ (billion)

Region 2004 2005 2006

Region 1 0.00 0.00 0.00Region 2 0.00 0.00 0.00Region 3 0.00 0.00 0.00Region 4 0.00 0.00 0.00Total 0.00 0.00 0.00

In terms of data consisting of the global luggage industry the report provides the following

1. Market analytics for Global Luggage market for the period 2000-2015 by the following regionsa) USb) Canadac) Japand) Europee) Asia – pacificf) Middle Eastg) Latin America

2. Market analytics for Global Luggage market for the period 2000-2015 by the following product typesa) Suitcases, casual bags and garment bagsb) Business bagsc) Sports bags, backpacks & day packsd) Other bags

3. Outlook for the global luggage market4. Recession led trends in the global luggage market5. Market analysis for global & regional markets

6. Market data for regional markets containing

a. US – i. Leading Players in the US Luggage Market (2009): Percentage Breakdown for

Samsonite Corp., J.C. Penney’s Jaguar, Atlantic Luggage Corp., and Otherii. Luggage Sales through Direct Channel in the US (2007 & 2008):Percentage

Breakdown for Randa Luggage and Othersiii. Market for Promotional Products in the US (2008): Percentage Breakdown of

Value Sales for Wearables, Bags, Writing Instruments, Desk, Calendars, Games, Glassware, Sporting Goods, Recognition and Others

b. Europei. European Luggage Market (2009): Percentage Breakdown of Imports by Product

Type - Handbags, Travel Bags, Suitcases, Small Accessories, and Othersii. European Luggage Market (2009): Percentage Breakdown of Imports* by Country

-UK, France and Othersiii. Retail Luggage Market in the UK (2003, 2005 & 2007): Percentage Breakdown of

Value Sales for Department Stores, Luggage Stores, Catalog Stores, Variety Stores,Mail Order, and Others

iv. Retail Luggage Market in the UK (2008 & 2009): Percentage Breakdown of Value Sales for Department Stores, Luggage Stores, Variety Stores, Catalog Stores, Mail Order and Others

c. Asia – Pacific

i. Chinese Luggage Export (2008): Percentage Volume Breakdown by Luggage Type for Softside Luggage, Hardside Luggage, and Hybrid Luggage

ii. Travel Goods & Handbag Market in Hong Kong (2008): Percentage Value Breakdown of Imports by Country for China, France, Italy, Switzerland, United States, United Kingdom, Japan, and Others

iii. Travel Goods & Handbag Market in Hong Kong (2008): Percentage Breakdown of Exports by Country for United States, Japan, UK, Germany, and Others

iv. Branded Luggage Market in India (2008 & 2009): Percentage Breakdown of Value Sales for Middle & Economy Range Luggage, and Premium Range Luggage

v. Branded Luggage Market in India (2008 & 2009): Percentage Breakdown for Hard Luggage and Soft Luggage

vi. Leading Players in the Indian Luggage Market (2009): Percentage Breakdown of Value SalesLeading Players in the Indian Luggage Market (2009)

7. European luggage market overview8. Service introductions for the years 2008-20109. Industry activity for the years 2008-201010. Coverage of all market participants

Appendix

Sources

Market research sources (this is not an exhaustive list)

Luggage Manufacturing Industry in the U.S. and its Foreign Trade, 2008

Luggage and Leather Goods Stores in the US - Industry Risk Rating Report, 2008

2008 U.S. Luggage & Leather Goods Stores Industry Report, 2008

Luggage & Travel Goods (UK), 2008

Germany Luggage & Leather Goods 2007, 2007

Italy Luggage & Leather Goods 2007, 2007

The 2007-2012 Outlook for Luggage and Leather Goods Stores in the United States, 2007

Luggage Manufacturing Industry in the U.S. and its Foreign Trade (1996-2008), 2007

Luggage & Travel Goods - Portfolio Analysis, 2007

Hand Luggage & Leather Goods Market Report 2007, 2007

Luggage: State Market Index, 2007

Luggage & Travel Goods(Japan), 2007

Global Luggage Market, 2007

The 2007-2012 Outlook for Softsided Luggage in the United States, 2006

The 2007-2012 Outlook for Hardsided Luggage in the United States, 2006

The 2007-2012 Outlook for Luggage in the United States, 2006

Global Luggage Market, 2006


Luggage and Leather Goods Stores: State Market Index, 2006


Luggage and Leather Goods Stores in the US, 2006

The 2007-2012 World Outlook for Structured Pullman Suitcases of at Least 22 Inches and with Outer Surface of All Leather or Mostly Leather, 2006

The 2008-2013 Outlook for Unstructured Casual Bags with Outer Surface of All Leather or Mostly Textile Materials in Greater China, 2006

The 2008-2013 Outlook for Non-Leather Computer Bags in Greater China, 2006

Round the World Travel/Backpacking - UK, 2006

Hand Luggage & Leather Goods - Market Report, 2005



Luggage, 2005


Luggage and leather goods stores: State Market Index, 2005

Computer Bags, 2005

The 2006-2011 World Outlook for Cotton Bags Excluding Laundry, Wardrobe, and Shoe Bags, 2005

The 2006-2011 World Outlook for Textile Bags, 2005

Casual Backpacks and Schoolbags, 2005

Luggage - UK, 2004

Trunks and Hand-Carried Luggage, 2004

The 2005-2010 World Outlook for Luggage and Leather Goods Stores, 2004

Trunks And Hand-Carried Luggage Patent Mapping Report, 2004


Purses; Traveling Bags Or Baskets; Suitcases Patent Mapping Report, 2004

Backpacking Travel - UK, 2004


Hand Luggage & Leather Goods: Market Report 2003, 2003

2003-2010 - Luggage and Large Parcel Screening Market Report, 2003

Softside Luggage, 2003


The World Market for Trunks, Suitcases, Vanity Cases, Executive Cases, Briefcases, and School Satchels with Outer Surfaces of Leather, Composition Leather, or Patent Leather: A 2004 Global Trade Perspective, 2003


Luggage and Handbags, 2002

Journals and newsletters ( Not exhaustive)

Title : Airlines Raise Luggage Check-In Costs

Source

: PA News, May 6, 2008

Title : Sports Express acquires two luggage service providers

Source

: Houston Business Journal, April 28, 2008

Title : The Ten Best Hand luggage

Source

: Independent (London), April 24, 2008

Title : UK Luggage Brand Antler In India (Tie-Up With Safari Industries For Entry into local market)

Source

: India Business Insight, April 22, 2008

Title : Northwest Airlines raising luggage fees

Source

: UPI Top Stories, March 29, 2008

Title : Australia's Jetstar Offers Discount For Carry-On Luggage Only

Source

: Asia Pulse, February 12, 2008

Title : Coach to Enter Russian Market; Announces Distributor Agreement

Source

: Business Wire, January 31, 2008

Title : Instant Overview of the German Luggage and Leather Goods Market with 2006 Estimates, 4 Years of Historical Data and 5 Year Forecasts.

Source

: M2 Presswire, January 1, 2008

Title : US Airways plans service to China

Source

: East Bay Business Times, December 31, 2007

Title : Lithium batteries banned in checked luggage

Source

: Airline Industry Information, December 31, 2007

Title : Lighten luggage

Source

: Sunday Mirror, December 9, 2007

Title : Instant Overview of the Italian Luggage and Leather Goods Market for 2007 Including 2006 Estimates, 4 Years of Historical Data and Five-Year Forecasts

Source

: Business Wire, October 8, 2007

Title : New License for Karl Lagerfeld SAS Handbags, Small Leather Goods and Luggage With Accessory Network Group

Source

: PR Newswire Europe, August 20, 2007

Title : Chocolate luggage

Source

: Oakland Tribune, August 15, 2007

Title : Luggage maker Samsonite agrees to $1.1B takeover

Source

: AP Alert - Colorado, July 5, 2007

Title : Aristocrat Luggage 7.0% Above Volume Weighted Price

Source

: Indian Company News Bites - Trading Floor, May 30, 2007

Title : Travellers can carry a litre of liquids in hand luggage

Source

: Organisation of Asia Pacific News Agencies, May 28, 2007

Title : Strict Luggage Rules for Country's Global Flyers

Source

: AllAfrica.com English, May 27, 2007

Title : Mori Luggage & Gifts Leverages MegaPath VPN Services for Secure Credit and Debit Card Processing

Source

: Business Wire, May 15, 2007

Title : USXP Subsidiary Signs Luggage Delivery Service Agreement w/JetOne Jets

Source

: Market News Publishing US, May 2, 2007

Title : Thailand Samsonite transforming itself from a luggage company

into lifestyle travel solutions brand

Source

: Thai News Service, May 1, 2007

Title : Taiwanese Inventor Develops Ornamental Design for Luggage Wheel

Source

: US Federal News, April 27, 2007

Title : New baggage handling system opens at Chicago's Midway airport

Source

: AP Alert, April 26, 2007

Title : Brown-Forman sells luggage unit

Source

: Business First (Louisville), April 23, 2007

Title : EU delays new airline hand luggage limits until May 2008

Source

: Agence France Presse English Wire, April 20, 2007

Title : Ricardo Beverly Hills Introduces Nanotechnology-Inspired Luggage Line

Source

: PR Newswire Europe, March 1, 2007

Title : Hartmann Introduces Aviator Leather Collection in New Collection of Business Cases and Small Leather Goods

Source

: Business Wire, February 27, 2007

Title : VF Corp. Completes Acquisition Of Eagle Creek

Source

: Investrend, January 30, 2007

Title : Luggage with four-wheel drive

Source

: AP DataStream, January 12, 2007

Title : Brazil Samsonite launches new luggage

Source

: Gazeta Mercantil (Latin America), December 12, 2006

Title : Innovation Shaping Global Luggage Industry

Source

: Business Wire, November 6, 2006

Title : Samsonite Corp. to get designs from Alexander McQueen

Source

: W Magazine, October 1, 2006

Title : Belgian Inventors Develop Ornamental Design for Luggage Case Carrying Handle System

Source

: US Federal News, September 22, 2006

Title : VIP To Expand Hard Luggage Portfolio (New Range Will Be Available In Europe By Oct 2006)

Source

: India Business Insight, July 18, 2006

Title : Samsonite expands in Asia, Luggage firm to tap growing Thai market

Source

: Bangkok Post (Thailand) (KRT), May 19, 2006

Title : Expanding Travel Market Takes Luggage Cos In Tow (Samsonite Has Introduced A Unique Locking Technology)

Source

: India Business Insight, February 6, 2006

Title : The UK Market for Hand Luggage and Leather Goods is Forecast to Increase by 5.5% between 2005 and 2009

Source

: M2 Presswire, October 25, 2005

Title : Samsonite, Timberland Sign On For New Luggage Line Hopes Are For Brand To Expand Globally

Source

: Denver Rocky Mountain News (CO), September 30, 2005

Title : CP arm launches own luggage brand for foreign markets

Source

: Bangkok Post (Thailand) (KRT), August 4, 2005

Title : Luggage And Beyond, Samsonite Has Launched Its Black Label Collection Aimed At Those Who Are Seeking Contemporary Travel Accessories

Sourc : India Business Insight, July 3, 2005

e

Title : Air Travel Boom Spells Good Times For Luggage Industry (Domestic Luggage Industry Projects 20 Percent Growth In 2005 Against 12 Percent In 2004)

Source

: India Business Insight, April 4, 2005

Title : Genpak Introduces Tamper Tuff® Luggage Security Bags; Tamper-proof poly-bags help ensure airport security

Source

: Business Wire, March 29, 2005

Title : Luggage maker sells its campus $14 million deal for Samsonite Panattoni Development of California plans to build 1.75 million square feet of new industrial space.

Source

: Denver Post (CO), March 17, 2005

Title : Borealis acquires luggage firm

Source

: Windsor Star (Canada), March 5, 2005

Title : Universal Express Retains Zimmerman Advertising for Luggage Express Brand

Source

: HFN: The Weekly Newspaper for the Home Furnishing Network, March 1, 2005

Title : VIP's Premium Luggage To Have 100 Exclusive Outlets (Retailing Of Premium And Mass Brands To Be Separated)

Source

: India Business Insight, December 31, 2004

Title : US Airways starts to deliver luggage

Source

: Airline Industry Information, December 29, 2004

Title : Luggage and security

Source

: Knight Ridder/Tribune Business News, November 21, 2004

Title : Moscow's Train Stations To Increase Luggage, Passenger Security Systems

Source

: World News Connection, August 4, 2004

Title : VIP To Acquire Carlton Luggage Brand (To Set Up A 100% Subsidiary In London That Will Enable It To Export Its Products)

Source

: India Business Insight, March 31, 2004

Research methodology

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