Press release
Luggage Locks Market Will Reach At CAGR Of 4.10% Between 2017-2021
A luggage lock is an instrument that prevents the luggage from opening by accident and secures the items inside it. Luggage comes in various categories such as travel bags, bag packs, duffel bags, laptop bags, and business traveling bags. The variation in consumer choice drives the demand for various luggage types. The increase in outdoor sports and adventure travels also push the demand for luggage bags in the market.
Technavios analysts forecast the global luggage locks market to grow at a CAGR of 4.10% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global luggage locks market for 2017-2021. To calculate the market size, the report considers the retail value sales of luggage locks.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Luggage Locks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Hampton products International
Master Lock
Safe Skies
Samsonite
Sinox
Other prominent vendors
Alpine Rivers
American Tourister
Delsey
FOSMON.com
Skybags
Market driver
Advances in product technology
For a full, detailed list, view our report
Market challenge
Use of low-priced alternatives
For a full, detailed list, view our report
Market trend
Increase in M&A activities
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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