Travel and Business Bags Market in Italy 2015-2019

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Travel and Business Bags Market in Italy 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “The travel and business bags market in Italy can be positively influenced by some trends during the forecast period. One such trend is the new product launches from vendors in the market. The vendors are trying to launch new designs and collections through fashion shows and seasonal collections to influence the demand among Italian consumers. Another trend is the increased advertisement and promotions undertaken by vendors.”

• The travel and business bags market in Italy is expected to decline during the forecast period. The market has been declining in the past few years because of the country’s declining economy and the impact of the Eurozone crisis. In 2014, the trolley bags/suitcases segment dominated the market in both revenue and volume terms.

• Technavio's analysts forecast the travel and business bags market in Italy to grow at a negative CAGR of -0.81% by revenue and -0.96% by volume during the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Travel and Business Bags Market in Italy 2015-2019

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Vendors

To understand the vendor landscape and

for a full list of vendors view our report:

Travel and Business Bags Market in Italy 2015-2019

LVMH Group

Delsey

Hermès

The LVMH Group was founded in 1987 and is headquartered in Paris, France. It is a retail company that manufactures and sells luxury products.

Delsey was founded in 1946 and is headquartered in Tremblay-en-France, France. The company manufactures and markets travel, leisure, and business luggage. It also offers camera bags, and luggage security locks such as TSA, and combination and key padlocks.

Hermès was established in 1957 and is headquartered in Paris, France. The company designs, produces, markets, and retails more than 50,000 items such as leather goods and saddlery, textiles, accessories, footwear, perfumes, and watches.

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Market Landscape• One of the key developments expected in the travel and business bags market is the

emergence of smart luggage.

• To achieve the same, vendors are focusing on the rapid commercialization of smart luggage, so that it is accessible to consumers.

• Various travel bag companies are adopting innovative strategies to cater to the changing consumer demography and demand for environmentally friendly travel bags.

• The launch of designer bags exclusively for men is also gaining attention in the market.

• With the increasing sales of smartphones, tablets, and smart watches, the purchasing decisions of consumers are being influenced, as they have now become more technology dependent.

• The growth in internet and smartphone usage has led to growing online market, which acts as a major driver for the travel and business bags market in Italy.

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Key Buying Criteria Guest Bloggers

• Authenticity • Delivery • Price• Service

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Parameter Details

Advertising and Promotions Campaigns

The various marketing campaigns such as ads, posters, contests, and sale promotions influence the purchase behavior of consumers.

Design The appearance and aesthetics of a bag add to the bag's design, which should be appealing to consumers.

Fashion Trends The features of a bag should be trendy and made according to latest fashion trends.

Price

Prices of different varieties and brands of travel bags should be fair.

Storage and Size The size of bag as well as storage space to carry things matter for consumers before purchasing a bag.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Travel and Business Bags Market in Italy 2015-2019

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