Robust Growth Visible for Travel Luggage Market 2020-2025 | International Players - Samsonite, VIP Industries, RIMOVA, VF Corp, Briggs & Riley Travelware, DELSEY, Fox Luggage
Global Travel Luggage Market Overview:
The Global Travel Luggage Market is anticipated to attain substantial growth by the end of the forecast period (2020-2025). The Global Travel Luggage Market report explains that this business is predicted to register a noteworthy growth rate over the forecast period.
Some of the most important key factors driving the growth of the Global Travel Luggage Market are change in lifestyle, rapid growth in the travel & tourism, customer inclination toward high-end luggage, owing to increasing preferences for premium luggage.
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The Global Travel Luggage Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Travel Luggage Market is sub-segmented into Value & Mid-Level, Premium, Luxury and others. On the basis of Application, the Global Travel Luggage Market is classified into Specialty Stores, Departmental Stores, Internet Sales and others.
In terms of the geographic analysis, The Travel Luggage Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Travel Luggage Market ecosystem results in the increasing adoption of these systems in North America.
Global Business News:
Samsonite International (May 03, 2020) - Samsonite Obtains Additional Financial Flexibility to Address COVID-19 Impact - Samsonite International S.A., the world’s best-known and largest lifestyle bag and travel luggage company, today announced it has completed the syndication and allocation of a new term loan borrowing and amended its credit agreement to provide financial covenant relief. These actions will enhance Samsonite’s strong liquidity position and increase its financial flexibility as the Company addresses the ongoing impact of the COVID-19 pandemic.
On April 30, 2020, Samsonite completed syndication and allocation of a senior secured incremental term loan B facility (the “2020 Incremental Term Loan B Facility”) in the aggregate principal amount of US$600.0 million. Closing on the 2020 Incremental Term Loan B Facility is expected to occur on May 7, 2020 and is subject to customary closing conditions.
Additionally, on April 29, 2020, Samsonite entered into an amendment to its credit agreement which suspends the requirement to comply with its net leverage and interest coverage covenants until the third quarter of 2021 and provides more flexibility in the calculation of such covenants beginning with the third quarter of 2021 and until the second quarter of 2022.
As previously announced, on March 16, 2020, the Company and certain of its direct and indirect whollyowned subsidiaries entered into an amendment to its credit agreement, which provided for an amended US$800.0 million senior secured term loan A facility and an amended revolving credit facility that was increased by$200 million to US$850.0 million. On March 20, 2020, the Group borrowed US$810.3 million under its revolving credit facility to enhance the Company’s cash position.
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Top Leading Key in Players Global Travel Luggage Market: Samsonite International, VIP Industries, RIMOVA, VF Corporation, Briggs & Riley Travelware, DELSEY, Fox Luggage and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
With the presence of a large pool of participants, the Global Travel Luggage Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Samsonite International, VIP Industries, RIMOVA, VF Corporation, Briggs & Riley Travelware, DELSEY, Fox Luggage are some of the key vendors of Travel Luggage across the world. These players across Travel Luggage Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Region segment: Travel Luggage Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Travel Luggage in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Travel Luggage Market Report 2020
1 Travel Luggage Product Definition
2 Global Travel Luggage Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Travel Luggage Shipments
2.2 Global Manufacturer Travel Luggage Business Revenue
2.3 Global Travel Luggage Market Overview
3 Manufacturer Travel Luggage Business Introduction
3.1 Samsonite International S.A. Travel Luggage Business Introduction
3.2 VIP Industries Ltd. Travel Luggage Business Introduction
3.3 RIMOVA Travel Luggage Business Introduction
3.4 VF Corporation Travel Luggage Business Introduction
3.5 Briggs & Riley Travelware Travel Luggage Business Introduction
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