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Sale of Luggage and Bags in Saudi Arabia Market is expected to Generate over USD 1.4 Billion by the Year Ending 2023: Ken Research

11-06-2019 08:21 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research

Sale of Luggage and Bags in Saudi Arabia Market is expected

Key Findings
• The bags and luggage industry in Saudi Arabia is expected to witness the change in the design of bags and luggage. Use of IoT for technology like GPS and in-built mobile chargers may find its way into day to day accessories.
• Improvisation of selling methodology to improve online retailing experience is likely to be the key focus areas for bags and luggage retailers in Saudi Arabia.
• The Avenues is an under construction retail facility extending across 390,000 sq-m and is set to become one of the Middle East’s largest shopping malls. It is expected to boost the retails presence of bags and luggage market.

Change in Consumer Behavior: The customer retention of major brands such as LMVH, Michael Kors, Hermes and others have decreased in the country. This resulted reorientation of marketing strategy to gain and retain customers. Companies like Michel Kors have started their customer loyalty program which aims to provide special privileges in order to improve their customer retention.

Omni Channel Strategy: The advent of E-commerce has provided an opportunity for the bag and luggage brands to expand their reach in the market. Offline which is expected remain the largest segment in the future as well may see slower growth as compared to online retail. The fashion retail industry is expected to expand during this period creating demand for bags as accessories. There were a number of marketing initiatives undertaken by various fashion retail companies to enhance their brand equity in the eyes of customers by providing bags as bundled accessory with apparel.

Market Entry of Regional Brands: It is expected that there will be an increase in supply of bags imported from neighboring countries such as Egypt and Turkey due to rising popularity of Egyptian and Turkish fashion designers. Egyptian brand Okhtein is an example, which sells luxury bags. The brand is owned by Egypt based designers Aya and Mounaz Abdelraouf and retails their high-end bags through multi brand retail chain Harvey Nicholas.

Analysts at Ken Research in their latest publication “Saudi Arabia Bags and Luggage Market Outlook to 2023 – By Type (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallet and Other Bags); By Handbag Price Segment (Luxury, Premium, Economy)” expect that the Bags and Luggage Market will increase due to increasing domestic and outbound tourism. The market is expected to register a positive CAGR of 16.3% in terms of revenue during the forecast period 2018-2023E.

For more information on the market research report, please refer to the below link:
https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/saudi-arabia-bags-and-luggage-market-outlook/235747-95.html

Key Segments Covered

Saudi Arabia Luggage and Bags Market

Market Segmentation of Bags Market
• Types of Bags
• Backpacks
• Business Bags
• Cross body Bags
• Duffel Bags
• Handbags
• Wallet
• Other Bags

Type of Handbag
• Luxury
• Premium
• Economy

By Retail Format
• Multi Brand Outlets (MBOs)
• Exclusive Brand Outlets (EBOs)
• Local Retailers

By Sales Channel
• Online Channel
• Offline Channel

By Material
• Leather (inc faux and Suede leather)
• Non Leather

By Region
• Central
• West
• South
• East
• North

Market Segmentation of Luggage Market

By Price Segment
• High (SAR 500)

By Case Type
• Hard Case
• Soft Case

By Region
• Central
• West
• South
• East
• North

By Sales Channel
• Offline
• Online

By Retail Format
• MBOs
• EBOs
• Local Retailers

Time Period Captured in the Report:
• Historical Period: 2013-2018
• Forecast Period: 2019-2023E

Companies Covered:
• Louis Vuitton (LVMH)
• Avon Products Inc.
• VF Corporation
• Samsonite international SA
• Adidas AG
• Nike Incorporated
• Herschel Supply Co.
• Hermes’s
• Marithe et François Girbaud

Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• Value Chain Analysis
• Market Size,2013-2018
• Market Segmentation
• Trends and Developments
• Issues and Challenges
• Trade Scenario
• Porter’s Five Forces Analysis
• Competitive Scenario
• Company Profile of Major Players
• Future Market Size. 2018-2023
• Future Market Segmentation, 2023E
• Analyst Recommendation1

Other Related Reports
https://www.kenresearch.com/technology-and-telecom/it-and-ites/uae-online-fashion-market/143966-105.html

The report provides a comprehensive analysis on the UAE Online Fashion Market. The report covers UAE online fashion market size by gross merchandize value, market segment by Apparel, Fashion Accessories and Footwear, by region (Dubai, Abu Dhabi, Sharjah and Others), by price range (Economy, Mass, Premium and Elite), by gender (women, men and kids), by apparel categories (tops, dresses, bottoms, jackets, shorts and others), by accessories categories (handbags, belts, imitation jewelry, watches and others) and by footwear categories (sneakers, flip-flops, sandals, boots and others). The report also covers competition among major players in online fashion market (Namshi General Trading LLC, Sivvi, Wadi General Trading LLC, Souq Group, MarkaVIP, Elabelz, Noon, Bershka, Yoox.com and NextDirect). The report provides target audience profile, SWOT analysis, government regulation, comparison of offline and online fashion market along with analyst recommendation and macroeconomic variables.

https://www.kenresearch.ae/technology-and-telecom/it-and-ites/saudi-arabia-online-fashion-market/143000-105.html

The report provides a comprehensive analysis on the Saudi Arabia online fashion Market. The report covers online fashion market size by GMV, market segment by type (Apparel, Fashion Accessories and Footwear), by region (Riyadh, Jeddah, Mecca, Medina, Dammam and Others), by price range (Economy, Mass, Premium and Elite).

The report further discusses market segmentation by gender (women, men and kids), by product categories (tops, dresses, bottoms, jackets, shorts and others), online accessories market segmentation by product categories (handbags, belts, imitation jewelry, watches and others), online footwear market segmentation by product categories (sneakers, flip-flops, sandals, boots and others). The publication provides competition analysis major players (Namshi General Trading LLC, JollyChic, Wadi General Trading LLC, Souq Group Pvt. Ltd., MarkaVIP, Ubuy, Basicxx, Sivvi, Elabelz, Noon, Bershka, Yoox.com and NextDirect). The report also covers consumer profiling, SWOT analysis, rules and regulation, snapshot on Saudi Arabia online internet retailing industry along with analyst recommendation and macroeconomic variables.

https://www.kenresearch.com/consumer-products-and-retail/textile-apparel-and-footwear/india-kids-wear-market-report/107201-95.html

The report provides a comprehensive analysis of the kids' apparel and footwear market in India. The report focuses on the major products and brands preferred for kids across the country. The report covers aspects such as overall kids' apparel and footwear market by its key segments including age group, gender, type of products used, material, upper and bottom wear, organized and unorganized, distribution channel and sales in major cities. The publication also includes competitive landscape in each section, which discusses the major market players in every segment along with the detailed discussion about the organizations. The future analysis of overall India Kids' Apparel and Footwear has also been discussed along with recommendations from analyst view. The report also includes important information about scenario of Online Kids' Apparel and Footwear including information about competitive landscape and detailed analysis of major players in the country.

The apparel and footwear industry for kids in India has witnessed a healthy growth rate during FY'2012-FY'2017. The recent demonetization hasn't affected it much because for kids you never stop spending. Since children outgrow shoes and clothes very fast, the demand for kids' clothing is barely affected by financial fluctuation, thus decreasing the risk factor for brand and retailers. With most households becoming double income set ups these days, the purchasing power of the consumers have increased manifold.

Contact Us:
Ankur Gupta, Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

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