global luggage market 2016-2020
TRANSCRIPT
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Global Luggage Market
2016-2020
Category : Consumer and Retail
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Introduction to Report
Launch Date: November 25, 2015
Number of Pages: 74
Geography Coverage: Global
Available Format: PDF
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About the Report
The 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.
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Key Highlights:
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.
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Key Highlights Continues… 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.
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.
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Key Highlights Continues… 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.
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.
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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
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Report Coverage:1. Executive summary2. Scope of the report3. Market research methodology4. Introduction5. Market landscape6. Market segmentation by product7. Market segmentation by retail format8. Geographical segmentation9. Key leading countries10. Market drivers11. Impact of drivers12. Market challenges13. Impact of drivers and challenges14. Vendor landscape15. Key vendor analysis16. Appendix
For more details regarding Report coverage see the last slideAll logos and Images mentioned on this slide belong to their respective owners.
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Company Coverage:
1. Louis Vuitton Malletier2. Rimowa3. Samsonite4. Tumi5. VF6. Antler7. BRIC's Industria Valigeria Fine8. Briggs and Riley9. Delsey10. Etienne Aigner11. Nike12. Pierre Cardin13. Victorinox Swiss Army14. VIP Industries
For more details regarding Company coverage see the last slide
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