Global Luggage Market 2016-2020

Global Luggage Market 2016-2020

Category : Consumer Goods
Published On : November  2015
Pages : 74


------------ Or -------------
 Market overview of the luggage market

Technavios research analyst expects the global luggage market to expand at a steady growth, posting a CAGR of almost 6% between 2016 and 2020. Today, luggage and related luggage products are not just useful products, but they are also considered as fashionable accessories to enhance a travelers comfort and convenience. The burgeoning rise in the travel industry worldwide during the last few years is one of the major drivers triggering the growth of the market. Many countries are offering their continuous support to develop the travel industry, as travel and tourism contributes considerably to a country's GDP.

The year 2015 witnessed the dominance of the APAC region in the luggage market globally with a market share of more than 42%. With its large population base, the region promises to be a growing market for the travel and tourism industry and is envisaged to continue its dominance during the forecast period. The APAC region is followed by North America and Europe.

Product segmentation and analysis of the global luggage market

Travel bags
	Casual bags
	Business bags
In 2015, the travel bags segment occupied the majority of the market share with nearly 44% share of the overall market, and this trend is expected to continue until 2020. One of the main reasons driving the growth of this segment is the increasing popularity of tourism, outdoor sports, and adventure tours, especially in emerging nations.

Segmentation by retail type and analysis of the luggage market

Specialist retailers
	Department stores
	Online stores
	Club retailers
	Other (including direct sellers and small independent retailers)
In 2015, specialty retailers dominated the luggage market, accounting for a market share of more than 30%. Specialty Luggage and World Traveler are examples of such specialist luggage retailers. The department stores segment holds the second largest share of the luggage market as consumers prefer buying luggage from these stores due to their wide range of products and they also provide the required support and information to consumers.

Competitive landscape and key vendors

The increase in consumers spending habits and change in their tastes and preferences are factors motivating vendors in this market to increase their spending on R&D and marketing, and utilizing their best resources into creating luggage that are innovative, comfortable, and stylish.

The leading vendors in the market are -

Louis Vuitton Malletier
Other prominent vendors in the market include Antler, BRIC's Industria Valigeria Fine, Briggs and Riley, Delsey, Etienne Aigner, Nike, Pierre Cardin, Victorinox Swiss Army, and VIP Industries.

Key questions answered in the report include

What will the market size and the growth rate be in 2020
	What are the key factors driving the global luggage market
	What are the key market trends impacting the growth of the global luggage market
	What are the challenges to market growth
	Who are the key vendors in the global luggage market
	What are the market opportunities and threats faced by the vendors in the global luggage market
	Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
	What are the key outcomes of the five forces analysis of the global luggage market
Technavio also offers customization on reports based on specific client requirement.
Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

Market overview
Top-vendor offerings
PART 03: Market research methodology

Research methodology
Economic indicators
PART 04: Introduction

Key market highlights
PART 05: Market landscape

Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product

Global travel bags market
Global casual bags market
Global business bags market
PART 07: Market segmentation by retail format

PART 08: Geographical segmentation

Luggage market in APAC
Luggage market in North America
Luggage market in Europe
Luggage market in ROW
PART 09: Key leading countries

PART 10: Market drivers

Increase in disposable incomes and living standards in developing countries
Growing popularity of outdoor and adventure sports
Growth of tourism industry
Rising number of trade offers by vendors
PART 11: Impact of drivers

PART 12: Market challenges

Threat of counterfeits
Long product replacement cycle
Rising travel costs
PART 13: Impact of drivers and challenges

PART 14: Market trends

Improved R&D investments
Product innovations
Marketing initiatives
Rising PCE on luggage
PART 15: Vendor landscape

Competitive scenario
Major vendors 2015
Louis Vuitton Malletier
Other prominent vendors
PART 16: Key vendor analysis

Louis Vuitton
PART 17: Appendix

List of abbreviation
PART 18: Explore Technavio

Enquiry Before Buy