Rapid Growth of Luggage Bags Market is estimated to Reach Rapidly by 35600 Million USD Till 2023 | Top Leading Manufacturers – Samsonite, Tumi Holdings, VIP Industries, VF Corp, Briggs & Riley Travelware, Louis Vuitton Malletier SA
Global Luggage Bags Market Overview:
The Global Luggage Bags Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Luggage Bags market size to maintain the average annual growth rate of 3.92% from USD 27800 Million in 2014 to USD 31200 Million in 2018, market analysts believe that in the next few years, Luggage Bags market size will be further expanded, we expect that by 2023 , The market size of the Luggage Bags will reach USD 35600 Million.
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According to the market report analysis, rapidly growing travel and tourism has intensified the demand for Luggage Bags. Besides, rising urbanization, changes in lifestyle, and demand for innovative products such as polycarbonate luggage is further expected to impel the Global Luggage Bags Market between 2018 and 2023. Growth in purchasing power of middle class households especially in the developing regions is anticipated to create more demand for premium and fashionable travel bags in the region. The advancement in technology such as development of smart luggage with GPS system tracker is also projected to expand the growth of overall market during the forecast period (2019 - 2023).
The Global Luggage Bags Market is segmented on the basis of Product Type, Distribution Channels and Region. Based on the Product Type, the Global Luggage Bags Market is classified into Casual bags, Travel bags, Business bags and others. On the basis of Distribution Channels, the Global Luggage Bags Market is sub-segmented into Specialist Retailers, Factory outlets, Internet sales and others.
In terms of the regional analysis, Asia and Africa is projected to witness highest urban expansion in the global luggage market. Owing to its growing urban section of the population, China is predicted to witness a high growth rate during the forecast period (2019 – 2023). Moreover, due to expansion of urbanization countries such as New Zealand, and Australia in APAC is projected to witness a significant growth. Subsequently, Europe is witnessed rapid growth, owing to increasing national and international travelers from countries such as Sweden, United States and Finland.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Major Key Players:
1 Tumi Holdings
2 VIP Industries
3 VF Corporation
4 Briggs & Riley Travelware
5 Rimowa GmbH
6 MCM Worldwide
7 Louis Vuitton Malletier S.A.
8 Samsonite International S.A. and More…………..
Market segment by Regions/Countries, this report covers
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
Purchase this report online with 125 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Luggage Bags Market” @ https://www.businessindustryreports.com/buy-now/97261/single .
This study answers to the below key questions:
1 What will the market size be in 2023 and what will the growth rate be?
2 What are the key market trends?
3 What is driving this market?
4 What are the challenges to market growth?
5 Who are the key vendors in this market space?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the strengths and weaknesses of the key vendors?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Luggage Bags Market.
Major Points in Table of Contents:
Global Luggage Bags Market Report 2019
1 Luggage Bags Product Definition
2 Global Luggage Bags Market Manufacturer Share and Market Overview
3 Manufacturer Luggage Bags Business Introduction
4 Global Luggage Bags Market Segmentation (Region Level)
5 Global Luggage Bags Market Segmentation (Product Type Level)
6 Global Luggage Bags Market Segmentation (Industry Level)
7 Global Luggage Bags Market Segmentation (Channel Level)
8 Luggage Bags Market Forecast 2019-2023
9 Luggage Bags Segmentation Product Type
10 Luggage Bags Segmentation Industry
11 Luggage Bags Cost of Production Analysis
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