The
global luggage market is estimated to develop at a substantial CAGR of 6.28% for the
duration of the prediction. Growing suburbanization and exchanging standard of
living are the important motivators for the luggage market. Technical
progressions are additionally generating openings for the sales of luggage
between persons, for whom security is a most important worry. Growing trips and
tourism, increasing commercial actions, and increasing sum of educational
options are additionally boosting the call for luggage.
The
increasing per head earnings and the way of life consequences in an augmented
demand for amenity and ease. The people having greater per head earnings are
further expected to shift to the decent feature products from average quality
products. Furthermore, the market is ruled by the disorganized companies by
means of low-slung rated products. But then again, people having higher
earnings are likely to expend extra on excellent quality luggage products for
tourism.
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By
the source of geography, North America has turned out to be a saturated
marketplace by means of supreme stakes of the market in the U.S.A., whereas the
Asia Pacific has an additional opening for the developments, to gather with the
enormous prospective for the development in the market place of Japan and
India. The international market of luggage, motivated by the growth in the per
head earnings of the patrons.
The
Asia Pacific held the biggest stake of market in the luggage industry during
the past year due to growing expenditure by the customer. It is improving the
development of the travel and tourism business in this area. Additionally,
growing existence of the most important companies is an important element
motivating the demand for the luggage in the market. The statement revises
Trades in terms of intake of Luggage Market in the market; particularly in
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. It concentrates on the topmost companies operating in these regions.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Luggage in these regions, from 2013 to 2025 (forecast),
covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Luggage market competition by top
manufacturers, with production, price, revenue (value) and market share for
each manufacturer; the top players including
Samsonite
International S.A.
•
Tumi Holdings
•
VIP Industries
•
VF Corporation
•
Briggs & Riley Travelware
•
Rimowa GmbH
•
MCM Worldwide
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Casual Bags
•
Travel Bags
•
Business Bags
•
Others
On the basis of the end
users/applications, this report focuses on the status and outlook for major
applications/end users, (sales), market share and growth rate for each
application, including
•
Specialist Retailers
•
Factory Outlets
•
Internet Sales
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