Luggage Bag Market Latest Trends, Demand and Precise Outlook- Samsonite, VIP Industries, VF Corporation, Delsey, Briggs & Riley, Rimowa, Travelpro

Luggage Bag Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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In 2020, the global Luggage Bag market size was US$ 15550 million and it is expected to reach US$ 26800 million by the end of 2027, with a CAGR of 7.9% during 2021-2027.

Markets Segmentation:

Top leading Companies Profiled in Luggage Bag Market Report are Samsonite, VIP Industries, VF Corporation, Delsey, Briggs & Riley, Rimowa, Travelpro, Tommy Hilfiger, Victorinox, Olympia, Fox Luggage, Skyway, Travelers Choice, ACE, Diplomat, EMINENT

Market Overview

This report studies the luggage bags, covering trolley bags in generaland Hard Luggage Trolley Bags. China is the largest market with about 32% market share. Europe and North America are follower.

The main manufacturers are Samsonite, VIP Industries, VF Corporation, Delsey, Briggs & Riley, Rimowa, Travelpro, Tommy Hilfiger, Victorinox, Olympia, Fox Luggage, Skyway, Travelers Choice, ACE, Diplomat, EMINENT etc. Samsonite is the largest manufacturer with about 20% market share.

In Asian countries, like India, the luggage market has become highly competitive, with established brands, like VIP, competing in the market with new players, like Da Milano. The growth of the market is set to increase due to a rise in travel and tourism activities and a surging number of business travelers, which led to a surge in the sales of travel and business bags. Close to 23.94 million Indians traveled abroad in 2018, which was a rise of 9.5% compared to the previous year. This indicated a rise in the demand for luggage. The Asian luggage industry is increasingly engaged in the production of luggage bags, backpacks, duffel bags, laptop bags, and other various business travel bags, thus, driving the market further in the Asia-Pacific region.

News and Updates

In December 2020, Away launched its newly expanded holiday collection with the launch of its brand new core travel collection just in time for the holidays. The new product offering includes three new backpack styles in a range of colors, a nylon-and-leather zip tote bag, a laptop bag, and a messenger bag.

In July 2018, VIP, a globally renowned company, partnered with BuyMore, a brand of Counfreedise Retail Services Ltd, with an aim to expand its retail through online retail.

In April 2017, Samsonite acquired eBags, one of the popular online retailers of handbags, luggage, backpacks, laptop bags, and travel accessories.

Market Segmented By Types

Hard Luggage Bags

Soft Luggage Bags

Market Segmented By Applications

Specialist Retailers

Hypermarkets

E-Commerce

Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Luggage Bag Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Luggage Bag market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Luggage Bag market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Luggage Bag

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In conclusion, the Luggage Bag market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Luggage Bag Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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