People are shifting their focus more on buying and purchasing travel luggage such as casual bags, business and more. When it comes to traveling, luggage is the most important part of that shift. Luggage maker has come up with not only a lavish look but also worked on some advance comfort designs which can ease the human efforts. According to the report on Global Luggage Market Outlook 2023, published by Bonafide Research, Overall luggage market has experienced compounded annual growth rate less than 6% from 2012 to 2017, which is extremely streamlined and is looking at a good next few years. —
Global Luggage Market Status and Outlook are believed to be the major market share holder due to a sudden trend in the travel and tourism sector foster the demand for varieties of travel bags. Global luggage market outlook is anticipated to grow with a CAGR xx in the forecast period of 2018 to 2025
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The overall luggage market is differentiated by three primary sub-segments; casual, travel and business bags. Casual bags are usually suitable for daily use especially for college going students, travel bags for backpacks and business bags mostly preferred to suitcase, leather handbags for carrying laptops and documents. Due to increasing demand for travel and tourism, the travel bag segment is highlighting a great attention across the globe with declining airfare, development of infrastructure, flexibility in job etc. Business bags in APAC region has escalated with half of the CAGR as compared to other regions during 2012 to 2017, whereas, Casual bags projected between 28% TO 35% in all region except North America.
The global luggage market status and outlook hold the prominent market players in operating care market of India named VF Corporation, Antler Ltd., Bric’s Industria Valigeria Fine SPA, Etienne Aigner AG, Luggage America Inc., Delsey S.A, Samsonite International S.A, Mot Hennessy Louis Vuitton SA (LVMH) and more others.
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The Global Luggage report further provides a detailed analysis of the Luggage through a SWOT analysis, price analysis, marketing channels, and value chain. The horde of data and statistics has been provided to compliment the information in the report through tables and charts for easy consumption of the customer. Anyone looking to garner information about the Luggage for commercial or academic purposes, the Global Luggage report presented by Orbis Research is a great value buy.
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