Press release
Luggage Market Insights On Diversified Trends 2026 By Top Vendors Louis Vuitton Malletier, S.A., Rimowa GmbH, Victorinox Swiss Army, Inc., Coach Inc, Samsonite International S.A., VF Corporation, Antler Limited, Delsey S.A., Bric's Industria Valigeria Fin
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The global luggage market was valued at US$ 33.28 billion in 2016 and is anticipated to register a CAGR of 8.45% in terms of revenue, over the forecast period (2017 – 2025) to reach US$ 67.19 billion by 2025.
Market Dynamics
Among product type, travel bag segment accounted for largest market share in the global luggage market due to lucrative demand for leisure and recreational holidays. According to the World Tourism Organization, 53% of the global inbound tourism in 2016 was for leisure, recreation and holidays. By region, Asia Pacific dominated the global luggage market with market share of 42.58%, owing to increasing number travelers especially in emerging economies such as India and China. According to the Directorate General of Civil Aviation, number of passengers in domestic airlines was 1.6 million from January to November 2017 and increased by 17% from 2016.
Key features of the study:
This report provides in-depth analysis of luggage market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2015 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global luggage market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
The global luggage market report caters to various stakeholders in this industry including investors, suppliers, luggage manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the luggage market
Detailed Segmentation:
Global Luggage Market, By Product Type:
Casual Bag
Travel Bag
Business Bag
Others
Global Luggage Market, By Distribution Channel:
Supermarkets
Hypermarkets
Online Stores
Specialty Store
Others
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Key manufacturers operating in the luggage market include Louis Vuitton Malletier, S.A., Rimowa GmbH, Victorinox Swiss Army, Inc., Coach Inc, Samsonite International S.A., VF Corporation, Antler Limited, Delsey S.A., Bric's Industria Valigeria Fine SpA, Etienne Aigner AG, and VIP Industries Limited.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Coherent Market Insights
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