Global Luggage (Business Bags, Travel Bags and Casual Bags) Market: Size, Trends & Forecasts (2019-2023)

May 2019

Global Luggage Market: Coverage

Executive Summary and Scope

Introduction/Market Overview

Global Market Analysis

Regional Market Analysis

Dynamics

Competitive Landscape

Company Profiling

Global Luggage Market: Coverage

Attributes Details

Title Global Luggage Market: Size, Trends & Forecasts (2019-2023)

Coverage Global and Regional

Regional Coverage North America, Central and South America, Europe, Asia Pacific, Middle East & Africa

Market Influencing Variables Growth Drivers, Challenges, Market Trends

Forecast Period of Market 2019-2023

Competition in the Market Fragmented

Key Players Samsonite International S.A., VF Corporation, LVMH Group (Rimowa), VIP Industries Limited

Scope of the Report

Global Luggage Market

Luggage can be defined as bags or other items which are used by people for storing and carrying their belongings safely. Various kinds ofluggage include plastic bags, jute bags, leather bags, backpacks, suitcase etc. Steps involved in the manufacturing of luggage includescutting, preparing components, assembling and quality check and packing. The luggage industry is undergoing continuous evolution interms of new brands and styles which has given the consumers more choices than ever before.

Luggage has been segmented on the basis of distribution channel, material type, product type, price and purpose. On the basis ofdistribution channel, luggage has been divided into supermarkets/ hypermarkets, specialty stores, factory outlets, online stores andothers. On the basis of material type, luggage has been segmented into hard-side and soft-side and the types of luggage has been dividedinto business, travel and casual. On the basis of price, luggage has been categorized into value & mid-level, premium and luxury and onthe basis of purpose, luggage has been segmented into personal and commercial.

The global luggage market has witnessed continuous growth in the past few years and is projected to grow even further during theforecast period (2019-2023). The market is expected to be driven by various growth enhancing factors such as growing travel and tourismspending, rapid urbanization, increasing middle class population and spending, etc. Some of the major challenges faced by the market arethreat from counterfeit products and volatility in raw material prices.

Executive Summary

Luggage Market: Global Analysis

Global Luggage Market by Value

The global luggage market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017. The global luggage market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019 at a CAGR of ….% during the period 2019-2023.

CAGRs

2014-2018 xx%

2019-2023 xx%

2014 2015 2016 2017 2018

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

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Luggage Market: Global Analysis

Asia Pacific (China, Japan, Asia Pacific (Excluding Japan & China), xx%

North America, xx%

Europe, xx%

Central & South America, xx%

Middle East & Africa, xx%

Global Luggage Market by Region; 2018

Luggage Market: Global Analysis

Segments Share

Casual bags xx%

Travel bags xx%

Business bags xx%

Global Luggage Market by Segments; 2018

Luggage Market: Segment Analysis

Global Business Bags Market by Value Global Travel Bags Market by Value

Global Casual Bags Market by ValueSegments CAGR

2014-2018 2019-2023

Business bags xx% xx%

Travel bags xx% xx%

Casual bags xx% xx%

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n2019 2020 2021 2022 2023

US

$ B

illio

n

Luggage Market: Regional Analysis

North America Luggage Market by Value Central and South America Luggage Market by Value

Europe Luggage Market by Value Region CAGR

2015-2018 2019-2023

North America xx% xx%

Central and South America xx% xx%

Europe xx% xx%

Asia Pacific xx% xx%

Middle East & Africa xx% xx%

2019 2020 2021 2022 2023

US

$ B

illio

n

2019 2020 2021 2022 2023

US

$ B

illio

n2019 2020 2021 2022 2023

US

$ B

illio

n

Luggage Market: Dynamics

Growth Driver

•Growing Travel and Tourism Spending

•Rising Purchasing Power

Challenges

•Threat from Counterfeit Products

•Volatility in Raw Material Prices

Market Trends

•Rising Demand for Smart Luggage

•Growing Inclination Towards Branded Products

Luggage Market: Competitive Landscape

• Samsonite International S.A.

• VF Corporation

• LVMH Group (Rimowa)

• VIP Industries Limited

Players Profiled

Note: The graphs on this slide are only for sample representation.