Travel Luggage Market Top Key Players – LVMH, Adidas, F. Corporation, Samsonite International S.A. and V.I.P. Industries Ltd., Rimowa GmbH, Hermès, Kering SA, Shanghai Taifeng Cases Co Ltd, Safari Industries Ltd., Nike, United States Luggage, Strand ba
Travelers can receive souvenirs and gifts on their way back. Some believe that luggage and how it is transported reflects the wealth and status of its owner.
The Luggage is designed with a hard shell or durable soft material to protect your belongings while traveling. Internal baffles or parts are often used in luggage to protect items.
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GLOBAL TRAVEL LUGGAGE MARKET DYNAMICS
Changes in lifestyle, expansion of travel and tourism industries, and consumer preference for high value-added luggage are expected to drive the market growth.
The simplification of online shopping has significantly changed customers' preferences for purchasing suitcases and other luggage bags through e-commerce platforms such as Amazon and eBay. Due to the increasing number of overseas business trips and the economic development of developing countries, the business bag category is gaining popularity in the market analyzed.
The hurdle is the widespread availability of cheap substitutes/counterfeits compared to branded products in Asia Pacific and Latin America. The growth in demand for luggage bags is directly proportional to the expansion of the travel and tourism sector.
GLOBAL TRAVEL LUGGAGE MARKET SEGMENTATION
The Global Travel Luggage Market can be segmented into following categories for further analysis.
By Infrastructure Type
• Smart Luggage
• Traditional Luggage
• Metallic Luggage
• Basic Luggage
By Segment of Luggage Type
• Casual Luggage
• Travel Luggage
• Business Luggage
• Sports Luggage
By Regional Classification
• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region
RECENT TECHNOLOGICAL TRENDS IN GLOBAL TRAVEL LUGGAGE MARKET
Luggage has evolved over the years. Historically, a crate or crate made of wood or other heavy material was the most common form of luggage.
Transported by a professional moving company. After World War II, the more common and lightweight suitcases and bags that can be carried by one person have become the most common types of luggage. Smart luggage is luggage with a built-in or removable battery.
The Smart Luggage contains a battery and circuit board to charge electronics on long trips. You can also remotely track your bags and protect yourself from identity theft. While this sounds fantastic, there are some downsides to using smart luggage.
TRAVEL LUGGAGE MARKET COMPETITIVE LANDSCAPE
Due to new developments and availability of air travel, the global luggage industry has been revamped to produce small, lightweight, colorful and fashionable bags that meet the diverse needs of passengers. A growing travel and tourism sector, population movements and rising disposable income are all contributing to the pace of growth.
Discounts, comfort, bag replacement, and e-commerce choices have been highlighted as important market trends. People travel more as their disposable income increases. This has provided new opportunities for market participants.
TRAVEL LUGGAGE MARKET COMPANIES PROFILED
• F. Corporation
• Samsonite International S.A. and V.I.P. Industries Ltd.
• Rimowa GmbH
• Kering SA
• Shanghai Taifeng Cases Co Ltd
• Safari Industries Ltd.
• United States Luggage
• Strand bags Group Pvt Ltd
• Piramal Group
Read More Information: https://mobilityforesights.com/product/travel-luggage-market/
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