Global Luggage Market: Size, Trends and Forecast research study is segmented on the basis of applications, Development, geography and types. The report provides a detailed Luggage Industry Overview along with the analysis of industry’s gross margin, cost structure, consumption value, and sale price. The leading companies of the Luggage Market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key vendors in this market are:
Samsonite International S.A.
VF Corporation
LVMH Group (Rimowa)
VIP Industries Limited
Executive Summary
Luggage can be defined as bags or other items which are used by people for storing and carrying their belongings safely. Various kinds of luggage include plastic bags, jute bags, leather bags, backpacks, suitcase etc. Steps involved in the manufacturing of luggage includes cutting, preparing components, assembling and quality check and packing. The luggage industry is undergoing continuous evolution in terms of new brands and styles which has given the consumers more choices than ever before.
Luggage has been segmented on the basis of distribution channel, material type, product type, price and purpose. On the basis of distribution channel, luggage has been divided into supermarkets/ hypermarkets, specialty stores, factory outlets, online stores and others. On the basis of material type, luggage has been segmented into hard-side and soft-side and the types of luggage has been divided into business, travel and casual. On the basis of price, luggage has been categorized into value & mid-level, premium and luxury and on the basis of purpose, luggage has been segmented into personal and commercial.
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The global luggage market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2023). The market is expected to be driven by various growth enhancing factors such as growing travel and tourism spending, rapid urbanization, increasing middle class population and spending, etc. Some of the major challenges faced by the market are threat from counterfeit products and volatility in raw material prices.
This report on Global Luggage market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Luggage. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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Essential points covered in Global Luggage Market 2021 Research are:-
- What will the market size and the growth rate be in 2021?
- 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?
- What are the key outcomes of the five forces analysis of the global Luggage market?
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Luggage Market 2021 Global Insights and Trends – Samsonite International SA, VF Corporation, LVMH Group (Rimowa) – The Shotcaller - The Shotcaller
"luggage" - Google News
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