Luggage Market Size to Grow by USD 11.03 billion| Find Future Trends, Analysis, and Insights

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What are the Some of the Topics Covered in this Report?

  • Overview of the Market
  • Market Size
  • Five Forces Analysis
  • Market Segmentation
  • Factors Impacting Market Growth
  • Vendor Analysis

What are the Various Segments Covered in this Report?

Segmentation

Segments

Product

Travel luggage, casual luggage, business luggage, and sports luggage

Distribution channel

Offline and online

Geography

APAC, North America, Europe, Middle East and Africa, and South America

What are the Factors Driving the Growth of the Luggage Market?

The growth of the luggage market will be driven by the growing global travel and tourism industry. This industry is one of the fastest-growing and most diversified sectors. A shift in luggage preferences and an increase in demand have been experienced in the past decade with the growth in the travel and tourism industry. The major competitors in the luggage industry are incorporating advanced technology and scientific research to design stylish and multifunctional luggage based on consumer preferences.

What are the Trends Supporting the Growth of the Luggage Market?

The preference for multipurpose luggage has increased, with the evolution of technology. Foldable or convertible luggage can be packed with normal luggage without consuming a lot of space. They can be converted into multipurpose luggage, such as duffle bags, trolley bags, tote bags, collapsible spinners, and others.

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Which are the Major Vendors Operating in the Luggage Market?

According to Technavio, the major vendors operating in the luggage market include adidas AG, DELSEY, Groupe Artemis, LVMH Moet Hennessy Louis Vuitton SE, MCM Products the USA Inc., Nike Inc., Tapestry Inc., VF Corp., and VIP Industries Ltd. among others.

Is the Market Fragmented or Concentrated?

The luggage market is fragmentedand the vendors are deploying growth such as expanding their presence strategies low penetrated markets to compete in the market.

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Luggage Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.68%

Market growth 2021-2025

USD 11.03 billion

Market structure

Fragmented

YoY growth (%)

4.35

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 49%

Key consumer countries

US, China, UK, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

adidas AG, Brics Industria Valigeria Fine Spa, DELSEY, Fox Luggage Inc., Groupe Artemis, LVMH Moet Hennessy Louis Vuitton SE, MCM Products USA Inc., Nike Inc., Safari Industries (India) Ltd., Samsonite IP Holdings S. rl, Strandbags Group Pty Ltd., Tapestry Inc., Under Armor Inc., United States Luggage Co. LLC, Valigeria Roncato Spa, VF Corp., Victorinox AG, VIP Industries Ltd., Wildcraft India Pvt. Ltd., and Yonex Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization Purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Size

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market conditions

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Travel luggage – Market size and forecast 2020-2025
  • Casual luggage – Market size and forecast 2020-2025
  • Business luggage – Market size and forecast 2020-2025
  • Sports luggage – Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline – Market size and forecast 2020-2025
  • Online – Market size and forecast 2020-2025
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • adidas AG
  • DELSEY
  • Groupe Artemis
  • LVMH Moet Hennessy Louis Vuitton SE
  • MCM Products the USA Inc.
  • Nike Inc.
  • Tapestry Inc.
  • VF Corp.
  • VIP Industries Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This positions client base coverage on Technavio’s comprehensive, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

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