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Luggage Market

Global Market Study on Luggage: Demand for Business Bags to Surge Over Coming Years<br>Luggage Market Segmentation By Smart Luggage, Business bags, Travel bags, Casual bags from Factory Outlets, Internet Sales, Specialist Retailers

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Luggage Market

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  1. LuggageMarket ©2023 Persistence Market Research, All Rights Reserved

  2. Unpacking the Global Luggage Market: Trends, Challenges, and Opportunities The luggage market has witnessed significant growth over the past few years. According to a recent report by ResearchAndMarkets.com, the global luggage market is expected to reach $91.3 billion by 2027, growing at a CAGR of 7.5% from 2020 to 2027. The rising demand for stylish and durable luggage, increasing travel and tourism activities, and the growth of e-commerce are some of the factors driving the market growth. Request for free Sample : https://www.persistencemarketresearch.com/samples/3846 One of the major trends in the luggage market is the increasing demand for lightweight luggage. With more people traveling frequently, especially for short trips, lightweight luggage has become a popular choice as it is easier to carry and maneuver. This has led to the development of new materials and technologies that make luggage lighter without compromising on durability. Another trend in the luggage market is the growing demand for smart luggage. Smart luggage is equipped with features such as GPS tracking, built-in scales, and USB charging ports, making it a convenient and practical choice for travelers. However, the use of lithium-ion batteries in smart luggage has raised safety concerns, leading to restrictions on their use by airlines. ©2023 Persistence Market Research, All Rights Reserved

  3. LuggageMarket • The luggage market also faces some challenges. One of the major challenges is the increasing competition from local and regional players. These players offer similar products at lower prices, making it difficult for established brands to maintain their market share. In addition, the COVID-19 pandemic has had a significant impact on the travel industry, resulting in a decline in demand for luggage. • Key Segments Covered in Luggage Industry Research • Luggage Market by Product Type: Travel Bags, Trolley Bags, Duffel Bags And Rolling Totes, Suitcases, Casual Bags, Backpacks, Messenger Bags, Small Hand bags, Business Bags, Laptop Bags, Overnighters, Briefcases • Luggage Market by Size: Large, Medium, Small • Luggage Market by Price Range: Premium, Medium, Low • Luggage Market by Material Type: Soft Luggage Material, Hard Luggage Material • Luggage Market by Region: North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East Africa • Buy Now : https://www.persistencemarketresearch.com/checkout/3846 ©2023 Persistence Market Research, All Rights Reserved

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