Press release
Global Luggage Market Will Reach US$ 43.4 bn by 2020: Business Bags Segment Projected to Grow at a Rapid Pace
Market Research Report
The global luggage market report compiled by Persistence Market Research analyzes and examines responsible factors impacting growth over a six-year forecast period, 2014-2020. The primary objective of the report is to provide all the information of the market including drivers, restrains, trends, challenges, and segmentation of the global luggage market. The report analyses and examines various factor that are responsible for boosting growth, and factors that are responsible for restraining growth, in parallel to challenges, trends, and recent development in the global luggage market over the forecast period. The global luggage market report analyses and examines total estimated revenues generated, and expected revenue during the forecast period.
The report provides an overview of the global luggage market, which includes application-specific, and segment-specific factors that are responsible for contributing towards growth of the global luggage market, factors restraining growth of the global luggage market along with various challenges, and trends. The report is classified into four sections namely, key market dynamics, segment analysis, regional analysis, and key market players. The report provides analysis of the global luggage market in terms of market value (US$ Mn). On the basis of product type, the travel bag segment is predicted to retain dominance in the global luggage market in the upcoming years.
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The report highlights various segments of the global luggage market, which includes product type, distribution channel, and region. Moreover, the report analyses and examines segment-specific factors, which are estimated to drive growth of the global luggage market, and factors responsible for inhibiting growth and pose challenges in the global luggage market in the span of next six years. The report further throws light on the regional analysis, which includes regional-specific factors responsible for restraining or contributing towards growth of the global luggage market in the upcoming years. The last section of the report comprises of leading international market players, which operate in the global luggage market throughout the forecast period.
Research methodology
To deduce market size, the report considered the average expenditure on luggage related products regions in the global luggage market over the forecast period. Furthermore, data points such as regional split and market split by product type, distribution channel type, region, and application type are analyzed and qualitative inputs from primary respondents have been incorporated to arrive at suitable market estimates. The forecast presented in the report evaluates the total revenue that is expected to be generated in the global luggage market over forecast period (2014–2020). When developing the market forecast, the starting point involved sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the characteristics of the market, PMR triangulated the data on the basis of various analysis based on both supply side and demand side.
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It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities in the global luggage market.
As previously highlighted, the global luggage market is split into various segments, on the basis of product type, distribution channel type, region, and application type. All these segments have been analyzed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for identification of many key trends in the global luggage market.
Another key feature of this report is the analysis of the global luggage market by product type, region, distribution type, and application type, and its revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global luggage market.
In order to understand key growth segments in terms of growth and performance of the global luggage market, PMR developed a market attractiveness index. The resulting index should help providers identify real market opportunities.
The major players in the global luggage market include:
Samsonite International S.A.
Tumi Holdings, Inc.
VIP Industries.
VF Corporation.
Briggs & Riley Travelware.
Rimowa GmbH.
MCM Worldwide.
Louis Vuitton Malletier S.A.
Goyard, and ACE Co, Ltd.
Other
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