Global Market Study on Luggage: Demand for Business Bags to Surge Over Coming Years

Jul 2021| PMR1673A| Persistence Market Research

Report Highlights

Luggage Market: Report Scope

The global luggage market report compiled by Persistence Market Research analyzes and examines responsible factors impacting growth over a ten-year forecast period, 2021-2031. The primary objective of the report is to provide all the information of the market including drivers, restrains, trends, challenges, and segmentation of the global luggage market.

The report analyses and examines various factor that are responsible for boosting growth, and factors that are responsible for restraining growth, in parallel to challenges, trends, and recent development in the global luggage market over the forecast period. The global luggage market report analyses and examines total estimated revenues generated, and expected revenue during the forecast period.

The report provides an overview of the global luggage market, which includes application-specific, and segment-specific factors that are responsible for contributing towards growth of the global luggage market, factors restraining growth of the global luggage market along with various challenges, and trends.

The report is classified into four sections namely, key market dynamics, segment analysis, regional analysis, and key market players. The report provides analysis of the global luggage market in terms of market value (US$ Mn). On the basis of product type, the travel bag segment is predicted to retain dominance in the global luggage market in the upcoming years.

The report highlights various segments of the global luggage market, which includes product type, distribution channel, and region. Moreover, the report analyses and examines segment-specific factors, which are estimated to drive growth of the global luggage market, and factors responsible for inhibiting growth and pose challenges in the global luggage market in the span of next ten years.

The report further throws light on the regional analysis, which includes regional-specific factors responsible for restraining or contributing towards growth of the global luggage market in the upcoming years. The last section of the report comprises of leading international market players, which operate in the global luggage market throughout the forecast period.

Research Methodology

To deduce market size, the report considered the average expenditure on luggage related products regions in the global luggage market over the forecast period. Furthermore, data points such as regional split and market split by product type, distribution channel type, region, and application type are analyzed and qualitative inputs from primary respondents have been incorporated to arrive at suitable market estimates.

The forecast presented in the report evaluates the total revenue that is expected to be generated in the global luggage market over forecast period (2021–2031). When developing the market forecast, the starting point involved sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period.

Given the characteristics of the market, Persistence Market Research triangulated the data on the basis of various analysis based on both supply side and demand side.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities in the global luggage market.

As previously highlighted, the global luggage market is split into various segments, on the basis of product type, distribution channel type, region, and application type. All these segments have been analyzed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for identification of many key trends in the global luggage market.

Another key feature of this report is the analysis of the global luggage market by product type, region, distribution type, and application type, and its revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global luggage market.

In order to understand key growth segments in terms of growth and performance of the global luggage market, Persistence Market Research developed a market attractiveness index. The resulting index should help providers identify real market opportunities.

  • Table 1 : Snapshot: Global market for luggage, 2020 and 2031
  • Table 2 : Impact analysis of market drivers
  • Table 3 : Impact analysis of market restraints
  • Table 4 : Global luggage market size, by product, 2016 – 2020 (USD billion)
  • Table 5 : Global luggage market size, by product, 2021– 2031 (USD billion)
  • Table 6 : Average selling price, by region, 2021 (USD)
  • Table 7 : Global luggage market size, by distribution channel, 2016 – 2020 (USD billion)
  • Table 8 : Global luggage market size, by distribution channel, 2021– 2031 (USD billion)
  • Table 9 : Global luggage market size, by region, 2016 – 2020 (USD billion)
  • Table 10 : Global luggage market size, by region, 2021– 2031 (USD billion)
  • Table 11 : North American luggage market size, by country, 2016 – 2020 (USD billion)
  • Table 12 : North American luggage market size, by country, 2021– 2031 (USD billion)
  • Table 13 : North American luggage market size, by product, 2016 – 2020 (USD billion)
  • Table 14 : North American luggage market size, by product, 2021– 2031 (USD billion)
  • Table 15 : North American luggage market size, by distribution channel, 2016 – 2020 (USD billion)
  • Table 16 : North American luggage market size, by distribution channel, 2021– 2031 (USD billion
  • Table 17 : European luggage market size, by country, 2016 – 2020 (USD billion)
  • Table 18 : European luggage market size, by country, 2021– 2031 (USD billion)
  • Table 19 : European luggage market size, by product, 2016 – 2020 (USD billion)
  • Table 20 : European luggage market size, by product, 2021– 2031 (USD billion)
  • Table 21 : European luggage market size, by distribution channel, 2016 – 2020 (USD billion)
  • Table 22 : European luggage market size, by distribution channel, 2021– 2031 (USD billion)
  • Table 23 : Asia Pacific luggage market size, by country, 2016 – 2020 (USD billion)
  • Table 24 : Asia Pacific luggage market size, by country, 2021– 2031 (USD billion)
  • Table 25 : Asia Pacific luggage market size, by product, 2016 – 2020 (USD billion)
  • Table 26 : Asia Pacific luggage market size, by product, 2021– 2031 (USD billion)
  • Table 27 : Asia Pacific luggage market size, by distribution channel, 2016 – 2020 (USD billion)
  • Table 28 : Asia Pacific luggage market size, by distribution channel, 2021– 2031 (USD billion)
  • Table 29 : RoW luggage market size, by country, 2016 – 2020 (USD billion)
  • Table 30 : Row luggage market size, by country, 2021– 2031 (USD billion)
  • Table 31 : Row luggage market size, by product, 2016 – 2020 (USD billion)
  • Table 32 : RoW luggage market size, by product, 2021– 2031 (USD billion)
  • Table 33 : RoW luggage market size, by distribution channel, 2016 – 2020 (USD billion)
  • Table 34 : RoW luggage market size, by distribution channel, 2021– 2031 (USD billion)
  • Table 35 : Products of Samsonite International S.A.
  • Table 36 : Products of Tumi Holdings, Inc.
  • Table 37 : Products and services of VIP Industries Ltd.
  • Table 38 : Products of VF Corporation
  • Table 39 : Products of Briggs & Riley Travelware
  • Table 40 : Products and services of Rimowa GmbH
  • Table 41 : Products of MCM
  • Table 42 : Products of Goyard
  • Figure 1 : Luggage market: Porter’s five forces analysis
  • Figure 2 : Urbanization in Asia-Pacific across sub-regions, 2016 and 2031
  • Figure 3 : International tourist arrivals in million, 2016 – 2020
  • Figure 4 : Global colored high-density polyethylene (HDPE) price trend, July 2020 – October 2021 (cents/pound)
  • Figure 5 : Global aluminum price trend, March 2021 – February 2022 (USD/lb)
  • Figure 6 : Global luggage market share by value, by region, 2020 and 2031
  • Figure 7 : Global market share by company by value, 2020
  • Figure 8 : Competitive mapping of product segments across global regions
  • Figure 9 : Net sales and profit of Samsonite International S.A., 2016 − 2020 (USD million)
  • Figure 10 : Net sales and net income of Tumi Holdings, Inc., 2017 − 2020 (USD million)
  • Figure 11 : Revenue and profit of VIP Industries Ltd., 2016 − 2020 (USD million)
  • Figure 12 : Revenue and net income of VF Corporation, 2017 − 2020 (USD billion)
  • Figure 13 : Revenue and net profit of Louis Vuitton S.A., 2017 − 2020 (USD billion)

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