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Luggage Market by manufacturers, regions, type, applications 2027

12-24-2020 07:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Luggage Market

Luggage Market

Luggage is an important part of travel-related consumer goods market. Different types of luggage are available in the market for travel, business and casual use. The global luggage market is mainly driven by growing travel & tourism industry. Increasing demand for smart luggage is projected to result in rising demand for luggage, globally. Growth of the luggage market is driven by integration of innovative features in smart luggage such as connectivity, tracking sensors, proximity sensors, digital scaling, remote lock, self-driving wheels, inbuilt portable battery, and removable batteries. For instance, in July 2018, Ovis, a smart luggage manufacturer, launched AI-powered smart travel luggage with self-driving wheels.

Luggage mainly includes travel bags, business cases, and other casual bags. Luggage is a very important consumer good across the globe with numerous organized (global) and unorganized (local) manufacturers manufacturing different types of luggage for various travel and business needs.

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The wholesale and specialty stores segment is expected to account for the largest share of 66.2% in 2019. Specialty stores usually offer variety of products under a specific category, which helps them in building brand identity. This also helps in ensuring that the customers are loyal towards a particular brand.

Detailed Segmentation:

Global Luggage Market, By Product Type:
Travel Bags
Trolley & Duffle Bags
Lifestyle Bags
Backpack
Garment Bags

Business Cases
Briefcases
Attache Cases
Business Backpacks
Others (Casual Bags, etc.)

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Key players operating in the market include Tapestry Inc., Rimowa GmbH, Louis Vuitton Malletier, S.A., Victorinox Swiss Army, Inc., Samsonite International S.A, Coach Inc, VF Corporation, Antler Limited, Delsey S.A., Bric's Industria Valigeria Fine SpA, Etienne Aigner AG, and VIP Industries Limited.

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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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