Luggage, often known as baggage, comprises mostly of cases, bags, and containers that are used to transport travellers' belongings. Because of the convenience and comfort it provides to people while travelling, the worldwide luggage market is growing in popularity. Luggage has seen significant evolution over time. Luggage used to be built of heavy materials like leather or wood. Customers' desire for lightweight bags and suitcases have increased as air travel becomes more accessible. These lightweight bags are easy to carry and can hold small items, clothing, vacation essentials, and toiletries.
MARKET DYNAMICS
The growing travel and tourism industry is driving the growth of the premium luggage market. Furthermore, people are traveling due to the rise in their disposable incomes, which is anticipated to create market opportunities for the premium luggage market during the forecast period. However, due to restrictions and lockdown imposed by Covid 19, the majority of the world's population has been compelled to stay at home which may restrain the growth of the premium luggage market.
MARKET SCOPE
The "Premium Luggage Market" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the premium luggage market with detailed market segmentation by end user and by distribution channel. The premium luggage market is expected to witness high growth during the forecast period. The report key trends and opportunities in the market.
MARKET SEGMENTATION
The premium luggage market is segmented into end user, and distribution channel. By end user, the premium luggage market is classified into men and women. By distribution channel, the premium luggage market is classified into specialty stores, online retail and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global premium luggage market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The premium luggage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the premium luggage market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the premium luggage market in these regions.
MARKET PLAYERS
The report covers vital developments in the premium luggage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the premium luggage market are anticipated to witness lucrative growth opportunities in the future with the rising demand for table stand in the global market. Below mentioned is the list of few companies engaged in the premium luggage market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the premium luggage market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Victorinox
- Globe-Trotter
- Samsonite IP Holdings S.AR.L
- Briggs and Riley Travelware
- DELSEY
- Rimowa
- Kipling
- Louis Vuitton
- Valextra
- Arlo Skye