|02-12-2019 01:27 AM CET - Fashion, Lifestyle, Trends||
Luggage Market Estimated to Grow at a CAGR of 6.72% Approximately during 2019 to 2023 | Samsonite International S.A, RIMOVA, Briggs and Riley TravelWare, VIP industries
Press release from: Industry Dataanalytics
In terms of segmentation, the market is categorized into product segments including Business, Casual and Travel. In terms of region, North America has become a saturated market with maximum market share in United States, while APAC region has a lot more growth opportunities accompanied with huge growth potential in the Indian and Japanese market. The global Luggage Bag market is driven by Increase in disposable income at the hands of consumers.
The rising disposable income and living standards result in an increased demand for comfort and luxury. With more disposable income people are more likely to switch to good quality products from ordinary products. Moreover, the market is dominated by unorganized players with low priced products, but with the increasing disposable income people are expected to spend more on quality luggage products for travel.
According to The research report Global Luggage Market value is projected to display a robust growth represented by a CAGR of 6.72% during 2018 to 2023
Samsonite International S.A, RIMOVA, Briggs and Riley TravelWare, VIP industries Ltd, VF Corporation, DELSEY, Fox Luggage Inc., Others
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On account of factors such as growing number of business and industry, rise in disposable income, large number of new players entering into the market with new product launch equipped with add-on features. Moreover, emerging markets have shown remarkable growth in the recent years and this is anticipated to propel the demand for Luggage Bag in the future.
Global Market, By Value (Actual Period: 2013-2017, Forecast Period: 2018-2023)- Market Sizing - Sizing, Growth, Forecast (By Value, By Volume)
Business, Casual, Travel
Analysis by Distribution Channel:
Specialty Stores, Departmental Stores, Hyper Markets & Supermarkets, Internet Sales, Others(Club Retailers, Direct Seller and Small Independent Retailers)
Analysis by Price Segments:
Value & Mid-Level, Premium, Luxury
North America, Europe, APAC, Latin America, Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global Luggage market.
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The report has covered and analyzed the potential of Global Luggage Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Luggage. Additionally, the report also highlights market entry strategies for various companies across the globe.
Customization of the Report:
The report could be customized according to the client’s specific research requirements.
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Table of Contents:
1. Research Methodology
2. Executive Summary
3. Strategic Recommendations
4. Luggage Market: Product Outlook
5. Global Luggage Market : Growth and Forecast
6. Global Luggage Market: Segment Analysis
7. Global Luggage Market: Regional Analysis
8. Global Luggage Market drivers
9. Global Luggage Market Challenges
10. Global Luggage Market Trends
11. SWOT Analysis
12. Company Profiles
Other Report Highlights:
• Market Dynamics
• Drivers and Restraints
• Market Trends
• SWOT Analysis
IndustryDataAnalytics provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth market research studies i.e. market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more.
IndustryDataAnalytics provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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