A recent report published by Infinium Global Research on the luggage market provides an in-depth analysis of segments and sub-segments in the global as well as regional luggage market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional luggage 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 luggage market. According to the report, the global luggage market is projected to grow at a CAGR of 6.8% over the forecast period of 2019-2025.

Market Insight

Luggage items are designed to keep a good hold of personal items of travelers, apparel and any business necessities they may have. The luggage industry is directly linked to the tourism industry, considering that travelers are the direct customers and their preferences shape the luggage industry. Luggage manufacturers offer a wide range of differentiated items, owing to the materials, functions and sizes of the products, so the customer choice is getting bigger every day, hence the competition in the luggage market is growing.

The substantial boom in the travel and tourism sector fosters the demand for luggage, especially for backpacks and trolleys. As travel and tourism is one of the world’s largest economic sectors that creates drives exports, and generates prosperity across the world. The sector, comprised of a wide range of industries, aims to serve and support domestic, international, business and leisure visitors. Hence, luggage companies strive to create products to meet the demand. Furthermore, growing disposable income of developing economies is providing a growing demand for market. This lead to the higher demand for premium and fashionable travel bags. However, counterfeit products are affecting to the growth of the market. Moreover, development of smart luggage GPS system offers significant growth to opportunity for the luggage market. 

Geographically, Asia Pacific holds the large market share in luggage market owing to growing travel and tourism activities and a surging number of business travelers.

Segment Covered

The report on global luggage market covers segments such as size, product type, and distribution channels. On the basis of size, the sub-markets include large, medium, compact, and cabin. On the basis of product type, the sub-markets include travel luggage, casual luggage, business luggage, sports luggage, and other product types. On the basis of distribution channels, the sub-markets include offline retail, and online retail.

Companies Profiled:

The report provides profiles of the companies in the market such as Adidas AG, Adidas AG, Nike Inc., Delsey, Osprey Packs, MCM Worldwide, VF Corporation, Rimova GmbH, Louis Vuitton Malletier SA, and Samsonite international S.A.

Report Highlights:

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 luggage 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.