Press release
Global luggage industry, which is envisioned to witness an expansion from USD 30,969 Million in 2014 to USD 43,358 Million in 2020
Research Nester Published Report on"Global Travel Bag Market Analysis & Opportunity Outlook 2021" The world has witnessed an upsurge in travel and tourisms over previous few years. Large number of people travels to various tourist destinations each year. Since frequency of travels have increased people look forward for lighter and compact luggage options such as travel bags.Travel bags are segmented under the global luggage industry, which is envisioned to witness an expansion from USD 30,969 Million in 2014 to USD 43,358 Million in 2020, registering a CAGR of 5.8%. Regionally, the global travel bags market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row).
Growth Drivers and Challenges
Increasing number of passengers travels coupled with rising disposable incomes are anticipated to drive the global travel bags market in future.
In addition to that, growth in urbanization is also expected to fuel the global travel bags market during 2015-2021.
However, presence of large number of un-organized players in emerging countries such as India and China are projected to hamper the global travel bags market over next few years.
Market Size and Forecast
North America travel bags market is likely to get propelled from increasing international and domestic travels in country such as the U.S. For instance, domestic travel increased by 4.2% in the U.S. in 2014 to reach 2.3 billion person trips in 2015.
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Europe travel bags market is also anticipated to expand from increasing innovation by manufacturers to provide more flexible and comfortable travel bags to travellers.
Asia-Pacific travel bags market is likely to witness a substantial growth during 2015-2021. The market in the region is expected to spark from increasing per capita income and rising urbanization in India and China.
To know more about this research, visit:
http://www.researchnester.com/reports/global-travel-bag-market-analysis-opportunity-outlook-2021/143
Contact for more info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : U.S. +1 646 586 9123
U.K. +44 203 608 5919
web: www.researchnester.com
Research Nester is a leading & tracking every movement on global industry Analysis in sectors like healthcare, pharma, ICT & electronics, food & beverages, textiles, oil & gas, energy & power & information service company operating with a network of partner firms across the US, Asia and Europe.
http://www.researchnester.com
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