openPR Logo
Press release

The Quest To Shine Digitally To Keep The Leather Luggage And Goods Market On The Toes

Growing need for water-resistant luggage products has led to an upsurge in demand leather among the luggage manufacturers. In addition, increase in business trips is further expected to impact growth of the global leather luggage and goods market positively. According to a recent report published by Persistence Market Research, the global leather luggage and goods market is projected to reflect a moderate CAGR over the forecast period, 2017 - 2022.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/18157

Factors Fuelling Growth of the Global Market

Surge in business trips is projected to rev up demand for water-resistant luggage products globally. The luggage products need to be secure from dust and water contamination during travelling as it could harm the products stored in the luggage products. Bound to these factors, the manufacturers are increasingly using leather for production of luggage products globally. Increasing use of electronic gadgets has fuelled demand for the fireproof and water-resistant luggage products. Attributed to these factors, the manufacturers operating in the electronic industry is projected to witness significant demand for leather. Electronic products such as laptops, smartphones and tabs are prone to damage without while travelling, and need a sturdy luggage product. Use of leather is projected to provide the luggage products, which secures the stored articles.

Apart from the luggage industry, manufacturers operating in the textile industry also witnesses substantial demand during winter. Increasing demand for warm and protective jackets has led the manufacturers to use leather during the production of winter clothes. Besides the textile industry, leather is also predicted to witness considerable demand in the footwear industry in several cold countries. Growing need for footwear with inner fur lining has fuelled demand for leather. Attributed to its water-proof features, the footwear manufacturers are increasingly using leather to ensure it is warm. Bound to such features, the global leather luggage and goods market is expected witness significant growth during the predicted period.

In contrary to this, the leather luggage and goods are expensive as compared to the products made of other materials. Additionally, the ruling authorities in several countries have imposed regulations against the use of leather products. These factors are projected to inhibit global market growth of leather luggage and goods during the projected period.

Get Methodology Report here@ https://www.persistencemarketresearch.com/methodology/18157

Travel Bag to Represent a Leading Segment

The leather luggage and goods are projected to witness significant demand among women as compared to other genders. By gender type, the women segment is projected to represent a relatively high growth in terms of revenue in the global market. By 2017-end, this segment is projected to represent more than US$ 66,000 Mn. The leather goods such as jackets, footwear, and wallet is also projected to witness considerable demand among men globally. During the projected period, the men segment in the global market is projected to witness the second highest growth in terms of revenue.

Sales of leather luggage and goods through the online stores segment is projected to reflect a robust CAGR in the global market throughout 2022. In terms of revenue, the retail store segment is projected to represent a relatively high growth, representing more than US$ 95,000 Mn by 2022-end.

Surge in business trips, and expeditions has revved up the number of travellers globally. With the increasing number of travellers, demand for travel bags has increased in the global market. By product type, the travel bag segment is projected to witness a relatively high growth in terms of revenue, representing more than US$ 35,000 Mn in the global market by 2022-end. Growing demand for bags for daily travelling has led manufacturers to produce casual bags. The casual bag segment as compared to other product type segment is projected to witness the second highest growth in terms of revenue by 2022-end. North America among other regions is projected to remain a major market for leather luggage and goods globally.

Market Players

Major players in the global market of leather luggage and goods are LVMH Moët Hennessy Louis Vuitton SE, Christian Dior SE, Hermès International SCA, Kering SA, Samsonite International SA, Prada SpA, V.I.P. Industries Ltd., Delsey Luggage Inc., and Knoll, Inc.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/18157

Read More Trending "PMR Exclusive Article"

Global Market Study on Non-stick Cookware: https://www.persistencemarketresearch.com/market-research/non-stick-cookware-market.asp

Global Market Study on Shrink Bags: https://www.persistencemarketresearch.com/market-research/shrink-bags-market.asp

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Quest To Shine Digitally To Keep The Leather Luggage And Goods Market On The Toes here

News-ID: 2605153 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Growing

Growing Medium Market Report 2024 - Growing Medium Market Share And Analysis
"The Business Research Company recently released a comprehensive report on the Global Growing Medium Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
Growing Cider Narket
The Cider Market is expected to be worth USD 5.51 million in 2024 to achieve USD 6.54 in 2029, to grow at a CAGR of 3.5% from 2024 to 2029. Global Cider Market Report Scope: • Market Size (2024): USD 5.51 million • Market Size (2029): USD 6.54 million • CAGR (2024 to 2029): 3.5% • Base Year: 2023 • Forecast Period: 2024 to 2029 • Segments Analysed: Product, Source and Region • Geographies Covered: North
Smart Pneumatics Market Global Growing Trends by 2028 - Growing Awareness toward …
Smart Pneumatics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software, Services); Type (Smart Pneumatic Valves, Smart Pneumatic Actuators, Smart Pneumatic Modules); Industry (Oil and Gas, Energy and Power, Water and Wastewater, Automotive, Semiconductor, Food and Beverages, Chemicals, Pharmaceuticals) and Geography Smart pneumatics is heavily influenced by driving factors such as growing awareness toward predictive maintenance, penetration of digitization and iiot, demand for
E-Commerce Packaging Market is Growing Due to Growing Popularity of Smart Packag …
The growing popularity of smart packaging, increasing demand for protective packaging and secondary packaging are some of the major factors driving the growth of the E-commerce packaging market. However, the need for e-commerce packaging to comply with strict regulations, increasing environmental concerns for safety, complex supply chain, and difficulties in optimizing packaging size may restrain the growth of the e-commerce packaging market over the forecast period. The striking offers in
Home Medical Equipment Market Is Growing with the Growing Geriatric Population
Home medical equipment refers to cost-effective medical devices that help provide safe and effective treatment to patients in the comfort of their home. It is a group of specialized devices used for patients whose medical care is being administered in a home or other personal setting; managed either by a caregiver or non-medical caregiver. The home medical equipment market growth is mainly driven by the increasing prevalence of chronic diseases
DetailXPerts: A Growing Franchise System with Growing Territories
DetailXPerts is about to expand further its operations and territorial outreach, company executives revealed last week. More company-owned locations will be opening up throughout the US, covering new geographic areas and expanding on current ones. The growth in operations will ensure the company’s ability to answer the growing customer demand for top-notch professional detailing services. Additionally, it will fuel the growing franchise system as more and more qualified individuals are