The Global Business Luggage Market 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 the Global Business Luggage Market by Price Point (Value & Mid, Premium, Luxury), By Distribution Channel (Specialty Stores, Departmental Stores, Internet Sales, Others), By Region (North America, Europe, Asia Pacific, Rest of the world) and By Country (U.S., Canada, United Kingdom, Germany, France, Japan China, India).
The global market is projected to display a robust growth represented by a CAGR of 7.81% during 2018 – 2023.
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Top Key Players in the Global Business Luggage Market: Samsonite International S.A., VIP Industries Ltd., RIMOVA, VF Corporation, Briggs & Riley Travelware, DELSEY, Fox Luggage Inc.
Market Overview:
The Premium price category of the business luggage market accounts for larger market share on the back of higher demand by high-income group working population and witnessed growth at a noteworthy rate over the last few years. The premium price category is expected to grow at higher rate during the forecast period on the back of new product launches with improved durability and functionality, attractive designs, add on high tech features, increasing disposable income and changing perception of considering Business Luggage as life style products.
Amongst the regions, North America accounts for the largest regional share in the global business luggage market in 2018, but the Asia-Pacific region is witnessing the highest growth rate resulting in rapid market expansion and growing market share in global business luggage market. Key factors driving the robust growth rate of Asia-pacific region include growing business and working class population, rapid urbanization, growing business tourism spending and rapidly increasing disposable income of expanding middle-class income group.
The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Business Luggage market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Regional Analysis for Market:
For a comprehensive understanding of market dynamics, the global Business Luggage market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
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February 08, 2021 at 01:15PM
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Business Luggage Market Trends, Demand and Global Outlook 2023 |Samsonite International SA, VIP Industries Ltd., RIMOVA, VF Corporation – KSU | The Sentinel Newspaper - KSU | The Sentinel Newspaper
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