Global Luggage Market: Industry Analysis & Outlook (2017-2021) - Koncept Analytics

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Industry Research by Koncept Analytics
Global Luggage Market Industry Analysis
Outlook -----------------------------------------
(2017-2021)
May 2017
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Executive Summary
Historically, the most common types of luggage
were chests or trunks made of wood or other heavy
materials. These would be shipped by professional
movers. Since the second world war, smaller and
more lightweight suitcases and bags that can be
carried by an individual have become the main
form of luggage. A modern traveller can be
expected to have packages containing clothing,
toiletries, small possessions, trip necessities,
and on the return-trip, souvenirs. For some
people, luggage and the style thereof is
representative of the owner's wealth. The overall
luggage market can be divided into three primary
sub segments casual bags, travel bags and
business bags. Casual bags include different
types of backpacks, female and male shoulder bags
and wheeled duffel bags. The travel bag segment
comprises of travel products, such as suitcases
and carry-ons. And, business bags include
convenience for carrying a laptop and documents,
and these bags often come in the form of rolling
mobile office, briefcase or computer
bags. Several factors such as improving travel
activities, growth in population of HNWIs, rise
in urban population and increasing disposable
income will drive growth of the market in the
coming years. Further, rising internet
penetration and technological innovation will act
as a catalyst for the market growth. However,
risk of counterfeiting and negative currency
impact could prove to be major roadblocks in the
smooth market surge. Few notable trends such as
oligopoly in organized market segment and
increasing focus on lightweight bags are also
highlighted in this report. The report Global
Luggage Market Industry Analysis Outlook
(2017-2021) analyzes the development of this
market, with focus on Asia-Pacific, North America
and Europe regions. The major trends, growth
drivers as well as issues being faced by the
market are discussed in detail in this report.
The four major players LVMH Moët Hennessy Louis
Vuitton SE, V.F. Corporation, Samsonite
International S.A. and V.I.P. Industries Ltd. are
being profiled along with their key financials
and strategies for growth. The report contains a
comprehensive analysis of the global luggage
market along with the study of the regional
markets.
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Factors such as declining oil prices, improving
economic conditions and rapid urbanization are
expected to drive growth of this market. Further,
increasing travel activities, rising business
activities, and growing number of educational
courses are also expected to propel the demand
for luggage globally.
Global Luggage Market Forecast by Value
(2016-2021)

• In 2016, the global luggage market was valued at
  US... billion and is further predicted to reach
  US... billion by the end of 2021, growing at a
  CAGR of , spanning from 2016 to 2021.
• In 2016, with share, Asia-Pacific continued to
  dominate the global luggage market, followed by
  North America and Europe with ... and shares,
  respectively.
• In 2016, travel bag accounted for of the
  overall market share, followed by casual bags and
  business bag with and shares, respectively.

Global Luggage Market by Region (2016)
Global Luggage Market by Segments (2016)
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Asia-Pacific luggage market is among the largest
individual regional markets. The presence of
countries like China and India support the market
growth. Factors such as rising disposable income,
rapid urbanization, and rising tourism supported
growth of this market.
Asia-Pacific Luggage Market Forecast by Value
(2016-2021)

• In 2016, Asia-Pacific market was recorded at
  US... billion and is expected to reach US...
  billion by the end of 2021, growing at a CAGR of
  , spanning from 2016 to 2021.
• In 2016, North America luggage market was
  recorded at US... billion and is anticipated to
  reach US... billion by the end of 2021,
  registering a CAGR of , spanning from 2016 to
  2021.
• In 2016, luggage market of Europe was recorded at
  US... billion and is expected to reach US...
  billion by the end of 2021, growing at a CAGR of
  , spanning from 2016 to 2021..

North America Luggage Market Forecast by Value
(2016-2021)
Europe Luggage Market Forecast by Value
(2016-2021)
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data. The data presented in the report is updated
at the publication date but is subject to change
at subsequent releases. All possible efforts have
been made to ensure accuracy of data. However,
investors should not completely rely on the
information given in this report and must make
decisions based on their own investment strategy,
risk management and capital adequacy.
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