by on August 11, 2021
Luggage is also identified as baggage that consists of a bag or suitcase used to pack & carry possessions while traveling. Key function of the luggage is to protect essentials carried within it; thus, it is made either by durable soft material or hard material. It is constructed with various internal subdivisions & sections for securing the essentials. Most common forms of luggage is trunk, suitcase, train case, garment bags, tote bag, carpet bag, packing cubes, duffle bag, gate check bags, and others. Some of the key features of luggage and bags include high-security locks, GPS tracking, USB ports, durable wheels, expandable space, and others have presented the development of global travel luggage market. The material used for constructing the luggage generally includes aluminum, polycarbonate, polypropylene, leather, ballistic nylon, polyester, cordula nylon, canvas, acrylonitrile-butadiene-styrene (ABS), polyvinyl chloride (PVC) and others.
Moreover, Travel Luggage and Bags Market Share can be analyzed and further bifurcated into by materials type and sub divided into soft side and hard side. By distribution channel, market can be bifurcated as factory outlets, specialty stores, supermarket/hypermarket, online stores and others. Specialty stores segment dominates the global market as these stores provide considerable depth in the product portfolio by price range, luggage type, material, and design. By luggage type, market can be bifurcated as trolley, duffle and backpacks. Trolley segment holds major share in global market because of high consumer preference due to its ease of mobility, comfortable to transport on different surfaces, across terminals, subways & escalators, and navigating busy & crowded terminals. In addition, by price range, market can be bifurcated as premium range, mid-range and low range.
Increase in disposable income, followed by rise in the marketing & promotional activities by manufacturers, growth in urbanization & changes in lifestyle, increase in number of road & rail travelers, rise in inclination & preference of customers towards adventure, increase in penetration of internet, growth in global travel & tourism industry and advancement in product design, quality & functionality are some major factors, which are responsible for growth of the global travel luggage and bags market. Apart from this, fluctuations in the raw material prices and risk of counterfeiting may impact the market. Additionally, growth in the e-commerce industry, development of smart & light weight travel bags and rise in demand from end-users are leading opportunities for market. Moreover, increase in number of online customers and rise in demand for innovative products are key trends for market. Furthermore, availability of low-quality products in cheaper rates is a major challenge for global market.
Based on regional analysis, the Asia-Pacific is a leading region in global travel luggage and bags market owing to rise in demand for high quality luggage products, increase in participation of athletes in outdoor sports and adventure sports, growth in expenditure on living standards & traveling and increase in use of office and sports luggage across the region. The North-America and Europe regions are anticipated to exhibit higher growth rate due to growth in activity in sports and rise in expenditure in international traveling over the forecast period. We provide Luggage and Bags Industry Research Report and Luggage and Bags Market Research Report highlighting market trend over the forecast period.
For More Information, click on the link below:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Posted in: market research
1 person likes this.