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.
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
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
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.
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.
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
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.