Luggage Market-Analysis By Product Type (Travel, Casual, Business), Price Segment, Distribution channel, By Region, By Country (2018 Edition): World Market Review and Forecast to 2023
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Luggage Bag Market. The report analyzes the global luggage market by Product (Business Bags, Casual Bags, Travel Bags), By Distribution Channel (Specialty Stores, Departmental Stores, Hyper Markets & Supermarkets, Internet Sales, Others-Club Retailers, Direct Seller and Small Independent Retailers), By Price Segments (Value & Mid-Level, Premium, Luxury).
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According to Publisher research report “Global Luggage Market-Analysis By Product Type (Travel, Casual, Business), Price Segment, Distribution channel, By Region, By Country (2018 Edition): World Market Review and Forecast to 2023”, global market is projected to display modest growth represented by a CAGR of 6.72% during 2018-2023, on account of factors such as growing number of business and industry, rise in disposable income, large number of new players entering into the market with new product launch equipped with add-on features. Moreover, emerging markets have shown remarkable growth in the recent years and this is anticipated to propel the demand for Luggage Bag in the future.
In terms of segmentation, the market is categorized into product segments including Business, Casual and Travel. In terms of region, North America has become a saturated market with maximum market share in United States, while APAC region has a lot more growth opportunities accompanied with huge growth potential in the Indian and Japanese market. The global Luggage Bag market is driven by Increase in disposable income at the hands of consumers. The rising disposable income and living standards result in an increased demand for comfort and luxury. With more disposable income people are more likely to switch to good quality products from ordinary products. Moreover, the market is dominated by unorganized players with low priced products, but with the increasing disposable income people are expected to spend more on quality luggage products for travel.
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Other Report Highlights
-Market Dynamics-Trends, Drivers, Restraints
-Porter Five Force Analysis
-SWOT Analysis
-Policy and Regulation
-Company Analysis-Samsonite International S.A, RIMOVA, Briggs and Riley TravelWare, VIP industries Ltd, VF Corporation, DELSEY, Fox Luggage Inc.
-Company Share Analysis
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