Global Luggage Market : Key Players, Growth, Analysis 2019 to 2025
Luggage Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of luggage market by by size (large, medium, compact, and cabin), product type (travel luggage, casual luggage, business luggage, sports luggage, and other product types), distribution channels (offline retail, and online retail) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the luggage market it includes the five years Industry analysis and the 6 years annual forecast from to 2026. Some of the prominent participants in the global luggage market are Adidas AG, Adidas AG, Nike Inc., Delsey, Osprey Packs, MCM Worldwide, VF Corporation, Rimova GmbH, Louis Vuitton Malletier SA, and Samsonite international S.A. The global luggage market is projected to grow at a CAGR of 6.8% over the forecast period of 2019-2025.
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Travel and Tourism is One of the World’s Largest Economic Sectors That Creates Drives Exports, and Generates Prosperity Across the World
The substantial boom in the travel and tourism sector fosters the demand for luggage, especially for backpacks and trolleys. As travel and tourism is one of the world’s largest economic sectors that creates drives exports, and generates prosperity across the world. The sector, comprised of a wide range of industries, aims to serve and support domestic, international, business and leisure visitors.
Hence, luggage companies strive to create products to meet the demand. Furthermore, growing disposable income of developing economies is providing a growing demand for market. This lead to the higher demand for premium and fashionable travel bags. However, counterfeit products are affecting to the growth of the market. Moreover, development of smart luggage GPS system offers significant growth to opportunity for the luggage market.
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Asia Pacific Holds the Large Market Share in Luggage Market
Geographically, Asia Pacific holds the large market share in luggage market owing to growing travel and tourism activities and a surging number of business travelers.
Luggage Market: Segmentation
The report on global luggage market covers segments such as size, product type, and distribution channels. On the basis of size, the sub-markets include large, medium, compact, and cabin. On the basis of product type, the sub-markets include travel luggage, casual luggage, business luggage, sports luggage, and other product types. On the basis of distribution channels, the sub-markets include offline retail, and online retail.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the luggage.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.