Revenue from the Australia Bags & Luggage market is expected to be ~ Mn in 2027F owing to increase in fast fashion & rising urbanization levels: Ken Research

The Australia Bags & Luggage market is moderately fragmented with major global players occupying almost half of the market. The key players operating in the market are competing on the basis of quality of product, product cost & estimated revenue. The major companies dominating the Australia Bags & Luggage market for its products, services, and continuous product developments are Gucci, Australian Tourister, Mimco, Brie Leon, Oroton, July, Antler among others.

A boom in education opportunities abroad and increasing travel and tourism contribute to escalating luggage demand.
The growing convenience of online shopping has led to a significant shift in consumer preferences in the purchase of travel bags and other luggage bags through e-commerce platforms, such as Amazon and eBay.

Driven by Travel & Tourism: An uptick in education & travel opportunities abroad and increasing travel and tourism contribute to escalating luggage demand. Also, technological advancements have made them more efficient, improving the attributes of luggage products. It is estimated that the luggage market will witness a demand for luggage-related products as a result of changing lifestyles in various developing countries. The post-pandemic situation is gradually improving, consumer spending patterns have strengthened, and the market is expected to regain its potential as the economy recovers from the pandemic disruptions.

Urbanization: It is expected that demand for luggage-related products will increase due to an increase in urbanization and an increase in customer preference for high-end luggage that comes with technological advancements like GPS trackers, USB ports that allow recharging cell phone batteries, and Bluetooth-enabled locks. The concept of smart luggage is also characterized by improved safety standards and enhanced applications, as well as enhanced connectivity, enabling customers to track and secure their luggage while traveling. These factors are projected to boost demand for luggage-related products, thus escalating the growth of the Australia luggage market.

Analysts at Ken Research in their latest publication, "Australia Bags & Luggage Market Outlook 2027F- Driven by Online shopping preference & fast fashion trends" by Ken Research observed that Australia Bags & Luggage Market is in a growth phase & is  expected to grow at a CAGR of ~%  in the upcoming years owing to fast fashion trends. It is to be noted that the Australia Bags & Luggage market is fragmented with major global brands occupying almost half of the market with companies competing not only on the basis of product quality, cost, demand for the product & estimated revenue.

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Key Segments Covered

By Product Type

Travel bags
Business Bags
Leisure Bags
Sports bags
Others

By Distribution Channel

Online
Offline(Supermarkets, Speciality store, others)

By Market Structure

Organized
Unorganized

Price category

Luggage Price Category(Mass Segment, Premium segment, Luxury segment)
Handbag Price Category (Mass Segment, Premium segment, Luxury segment)
Backpack Price Category (Mass Segment, Premium segment, Luxury segment)
Duffel Bag Category (Mass Segment, Premium segment, Luxury segment)

By Luggage

Soft Luggage
Hard Luggage
Wheeled Luggage
Non-Wheeled Luggage

Time Period Captured in the Report:

Historical Period: FY'17- FY'22P
Base Year: FY'22P
Forecast Period: FY'23F - FY'27F

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Key Target Audience

Luggage Manufacturers
Bags Manufacturers
Retailer & Distributors

Key Players Covered

Gucci
Australian Tourister
Mimco
Brie Leon
Oroton
July
Antler

Key Topics Covered in the Report:

Executive Summary of Australia Bags & Luggage Market
Country Overview of Australia Bags & Luggage Market
Overview of Australia Bags & Luggage Market
Market Size of Australia Bags & Luggage Market
Market Segmentation Australia Bags & Luggage Market
Industry Analysis of Australia Bags & Luggage Market
Consumer Analysis of Australia Bags & Luggage Challenges and restrains
Competitive Analysis of Australia Bags & Luggage Market
Future Outlook of Australia Bags & Luggage Services
Covid Analysis of Australia Bags & Luggage Market
Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/australia-bags-and-luggage-market-outlook-2027/596310-95.html

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https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/potential-assessment-in-saudi-arabia-bags-and-luggage-market/434139-95.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.