Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the travel
bag market provides an in-depth analysis of segments and sub-segments in the
global as well as regional travel bag market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
travel bag market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
travel bag market. According to the report, the global travel bag market is
projected to grow at a CAGR of 6.6% over the forecast period of 2019-2025.
Leading companies are focusing on innovation to attract the
majority of the customers. Companies are investing in research and development
to better understand consumer demand and market trend. Key brands in travel
bags are aiming at maintaining a stronghold in an established market. The
presence of a wide range of domestic brands acquires a major market share. The
major players in the global travel bag market are adopting strategies such as
mergers, acquisitions, and new product launches to maximize the organization’s
profit.
The growing travel and tourism industry drives the growth of the
travel bag market. The rising urbanization and changing lifestyle contribute to
the growth of the travel bag market. People nowadays often travel for business
meetings, picnic with family and friends that propel the growth of the travel
bag market. The rising demand for innovative and attractive products boosts the
growth of the travel bag market. On the other hand, the risk of fake products
hampers the growth of the travel bag market. There are a number of players in
the travel bag market. The increasing problem of imitating branded products
hinders the growth of the travel bag market. Moreover, the new trendy smart and
lightweight bags create numerous opportunities for the growth of the travel bag
market.
Geographically, the global travel bag market is segmented into
North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific
region is anticipated to be dominant in the global travel bag market. The
growing travel and tourism industry in the Asia-Pacific region contributes to
the growth of the travel bag market in the Asia-Pacific region. In addition,
the presence of major players in the Asia-Pacific region stimulates the growth
of the travel bag market in the Asia-Pacific region. North America is expected
to grow in the global travel bag market with a healthy CAGR over the forecast
period. Europe is projected to grow in the global travel bag market.
The report on the global travel bag market covers segments such as
luggage type, material type, price range, and distribution channel. On the
basis of luggage type, the sub-markets include duffle, trolley, and backpacks.
On the basis of material type, the sub-markets include hard side, and soft
side. On the basis of price range, the sub-markets include premium, medium
range, and low range. On the basis of distribution channel, the sub-markets
include supermarkets, online channels, and other distribution channels.
The report provides profiles of the companies in the market such
as Delsey SA., TGHI, Inc., VIP Industries Ltd, Samsonite International S.A.,
ACE Co. Ltd., United States Luggage Company, LLC, LVMH Group, Travelpro
Products, Inc., Rimowa GmbH, Kering S.A., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the travel bag
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
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