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Global Luggage Market Report to 2020

Increasing urbanization is escalating demand for lifestyle products. To some extent, luggage is also considered as a lifestyle product, especially in developing countries. Earlier, people in developing countries used one luggage for all purposes such as travel, tour, and business. However, owing to growing urbanization and rising disposable income, their lifestyles have changed, which is also reflected in their usage of purpose-based luggage.

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Global Luggage Market Report to 2020

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  1. LuggageMarket-GlobalStudyonLuggageIndustry-Travel WitnessHighestGrowthby2020 Bags to PersistenceMarketResearch GlobalLuggageMarketWillReachUS$43.4 billionin2020:PersistenceMarketResearch 1 PersistenceMarketResearch

  2. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 PersistenceMarketResearchReleasedNewMarketReport“GlobalMarketStudyonLuggage: TravelBagstoWitnessHighestGrowthby2020”,thegloballuggagemarketisexpectedto growataCAGRof5.8%during2014to2020andtoreachanestimatedvalueofUSD43.4 billionin2020. BrowsethefullGlobalMarketStudyonLuggage:TravelBagstoWitnessHighestGrowthby 2020reportathttp://www.persistencemarketresearch.com/market-research/luggage-market.asp Increasingurbanizationandchanginglifestylesarethekeydriversforthegloballuggage market.Technologicaladvancementsarefurthercreatingopportunitiesforluggagesalesamonghighnet-worthindividuals,forwhomsafetyisamajorconcern.Increasingtravelandtours,risingbusinessactivities,andgrowingnumberofeducationalcoursesarefurtherpropellingthedemandforluggage.Luggageissoldthroughvarioustypesofdistributionchannelssuchasspecialistretailers,factoryoutlets,supermarkets,hypermarkets,andinternetsales.Owingtotheboominonlinecommerce,luggagesalesthroughtheInternethavebeengrowingatasignificantpace. Increasingurbanizationisescalatingdemandforlifestyleproducts.Tosomeextent,luggage isalsoconsideredasalifestyleproduct,especiallyindevelopingcountries.Earlier,peopleindevelopingcountriesusedoneluggageforallpurposessuchastravel,tour,andbusiness.However,owingtogrowingurbanizationandrisingdisposableincome,theirlifestyleshavechanged,whichisalsoreflectedintheirusageofpurpose-basedluggage.AsianandAfricancountriesareexpectedtoexperiencehighesturbangrowthinthefuture.AccordingtotheChinaDevelopmentResearchFoundation,urbanpopulationinChinaisexpectedtoincreasefrom52.6%in2012to70%by2030.UrbanizationisgrowingataswiftpaceacrossAsiaPacific.PacificcountriessuchasAustraliaandNewZealandalreadyhavehighurbanization. Increasingtheinclinationoftheglobalpopulationtowardstravelandadventurehasbeen beneficialforindustriessuchastravel&tourism,and,inturn,forindustriesinvolvedinthemanufactureofrelatedtravelgearsuchasluggage.Luggageisanintegralpartoftravel&tourismactivities.Therisingdisposableincomeandchangingrecreationpatternsoftheglobalpopulationisoneofthekeyreasonsforthegrowthofthetravel&tourismindustry.Europewasthelargesttourismdestinationduring2010–2013,followedbyAsia-Pacific.PeopleacrosscountriessuchastheU.S.,Finland,andSwedenarethemostfrequentinternationalanddomestictravelers. Thelargeunorganizedluggagemarketsindevelopingcountriesposeoneofthegreatest challengesfortheorganizedluggagemarket.CountriessuchasChinaandIndiahavelargenumberofunorganizedplayers.Theseregionalplayersusuallylaunchproductswithdesignsalmostidenticaltothoseofthebrandsofglobalorganizedplayers.Unorganizedplayersofferluggageatlowcostsastheysaveoncostsofhigh-qualityrawmaterial,branding, 2 PersistenceMarketResearch

  3. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 advertisement,andR&D.Thelow-andmedium-incomepopulationsindevelopingcountries arethelargestconsumersofsuchrelativelyinferiorproducts.Theorganizedluggagemarketlosesitsprospectivecustomersduetothepresenceoftheseplayers.Intheabsenceofastronganti-counterfeitingframeworkindevelopingcountries,theseunorganizedplayersareflourishingandrestrainingthegrowthoftheorganizedluggagemarket. ThemajorplayersinthegloballuggagemarketincludeSamsoniteInternationalS.A.,Tumi Holdings,Inc.,VIPIndustries,VFCorporation,Briggs&RileyTravelware,RimowaGmbH,MCMWorldwide,LouisVuittonMalletierS.A.,Goyard,andACECo,Ltd. BelowisthesegmentationcarriedoutbyPersistenceMarketResearchforglobal marketstudyonluggage: MarketSizeandForecastbyProduct Casualbags Travelbags Businessbags MarketSizeandForecastbyDistributionChannel Specialistretailers Factoryoutlets Internetsales Others MarketSizeandForecastbyGeography NorthAmerica TheU.S. Canada Europe Germany Italy France AsiaPacific Japan China India 3 PersistenceMarketResearch

  4. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 RestoftheWorld(RoW) Brazil MarketHistory: Increasingurbanizationandchanginglifestylesarethekeydriversforthegloballuggagemarket. Technologicaladvancementsarefurthercreatingopportunitiesforluggagesalesamonghighnet-worth individuals,forwhomsafetyisamajorconcern.Increasingtravelandtours,risingbusinessactivities,and growingnumberofeducationalcoursesarefurtherpropellingthedemandforluggage.Luggageissold throughvarioustypesofdistributionchannelssuchasspecialistretailers,factoryoutlets,supermarkets, hypermarkets,andinternetsales.Owingtotheboominonlinecommerce,luggagesalesthroughthe Internethavebeengrowingatasignificantpace. Thelargeunorganizedluggagemarketsindevelopingcountriesposeoneofthegreatestchallengesfor theorganizedluggagemarket.CountriessuchasChinaandIndiahavelargenumberofunorganized players.Theseregionalplayersusuallylaunchproductswithdesignsalmostidenticaltothoseofthe brandsofglobalorganizedplayers.Unorganizedplayersofferluggageatlowcostsastheysaveoncosts ofhigh-qualityrawmaterial,branding,advertisement,andR&D.Thelow-andmedium-income populationsindevelopingcountriesarethelargestconsumersofsuchrelativelyinferiorproducts.The organizedluggagemarketlosesitsprospectivecustomersduetothepresenceoftheseplayers.Inthe absenceofastronganti-counterfeitingframeworkindevelopingcountries,theseunorganizedplayersare flourishingandrestrainingthegrowthoftheorganizedluggagemarket. Therehavebeenseveraltechnologicaladvancementsintheluggagemarketsuchasprovisionfor increasedlevelofsecurityandutilityinthebaggage.Theseluggageproductsareexpectedtobepopular amongtheHNWIpopulation.Connectivityfeaturesaddedtotheluggageincreasestheirtraceabilityand makesthemmoresecurefortraveling.Smartluggageisequippedwithtechnologiesandfeaturessuchas GlobalPositioningSystem(GPS),Bluetooth-enabledlock,andaUSBportforrechargingelectronic devicessuchasmobilephones. InMarch2015,SamsoniteIPHoldingsS.àr.l.announcedthelaunchofGeoTrakR,anewlineofsuitcases equippedwithacellular-enabledbaggagetrackingsystem.ANDIAMOLuggageLLC,aluggage manufacturerbasedintheU.S.,recentlyannouncedthelaunchofabaggagelinewithWi-FiHotspot, batterycharger,andotherfeatures.RimowaGmbH(aluggagemanufacturerbasedinGermany),in conjunctionwithAirbusGroup(aFrance-basedaircraftmanufacturer)andDeutscheTelekomAG(a Germany-basedtelecommunicationscompany),isdevelopingBag2Go,asmartsuitcaseline.The 4 PersistenceMarketResearch

  5. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 suitcaselineisexpectedtobelaunchedin2016.Bag2Gowouldinteractwithsensorsinthecargoholds ofAirbusaircrafttoidentifytheirlocation. BluesmartInc.,aconnectedtravelproductscompanybasedintheU.S.,recentlyraisedUSD1.4million throughcrowdfundingfrom3,500investorstointroducealineofcarry-onbagswithatrackingsystem, scale,andbatterywithtwoUSBchargers.CertainlargetechnologycompaniessuchasAT&TInc.are alsoengagedinthemanufactureofsmartbagsthatwouldtrackbagsacrossairports. ThemajorplayersinthegloballuggagemarketincludeSamsoniteInternationalS.A.,TumiHoldings,Inc., VIPIndustries,VFCorporation,Briggs&RileyTravelware,RimowaGmbH,MCMWorldwide,Louis VuittonMalletierS.A.,Goyard,andACECo,Ltd. Thetravelbagssegment(thelargestproductsegmentin2013)grewfromUSDXXbillionin2010toUSD XXbillionin2013ataCAGRofXX%.Thebusinessbagssegmentaccountedforarelativelysmallmarketshareduring2010–2013;however,itwasthesecondfastestgrowingsegmentduringthisperiod. ThetravelbagssegmentisprojectedtogrowfromanestimatedUSDXXbillionin2014toUSDXXbillion by2020ataCAGRofXX%duringtheforecastperiod. Luggagemarketsalesfromtheotherssegment(thelargestdistributionchannel)grewfromUSDXX billionin2010toUSDXXbillionin2013ataCAGRofXX%.Internetsalesofluggagewitnessedhighest CAGRofXX%duringthesameperiod. SalesfromtheotherssegmentareprojectedtogrowfromanestimatedUSDXXbillionin2014toUSD XXbillionby2020ataCAGRofXX%duringtheforecastperiod.ThemarketrevenuefrominternetsalesofluggageisexpectedtowitnessthehighestCAGRofXX%duringtheforecastperiod. TableofContent Chapter1Preface 1.1ReportDescription 1.2ResearchMethodology 5 PersistenceMarketResearch

  6. LuggageMarket-GlobalStudyon WitnessHighestGrowthby2020 Luggage Industry - Travel Bags to 1.3Assumptions Chapter2MarketSynopsis Chapter3Porter’sFiveForcesAnalysis 3.1BargainingPowerofSuppliers 3.2BargainingPowerofBuyers 3.3ThreatofSubstitutes 3.4ThreatofNewEntrants 3.5IntensityofRivalry Chapter4IndustryOverview 4.1MarketDefinition 4.2MarketDrivers 4.2.1Increasingurbanizationandchanginglifestyles 4.2.2Growinginterestofpeopleintourism 4.2.3Growingnumberofhighnet-worthindividuals 4.3MarketRestraints 4.3.1Largeunorganizedmarketsindevelopingcountries 6 PersistenceMarketResearch

  7. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 4.3.2Unstablerawmaterialprices 4.4Opportunities 4.4.1Emergingtechnologiesintheluggageindustryareexpectedtofuelmarketgrowth 4.5MarketTrends 4.5.1Increasingdemandforultra-lightweightluggage Chapter5MarketSizeandForecast,byProduct 5.1LuggageMarketSizeandForecast,byProduct 5.1.1Casualbags 5.1.2Travelbags 5.1.3Businessbags 5.2PricePointAnalysis Chapter6MarketSizeandForecast,byDistributionChannel 6.1LuggageMarketSizeandForecast,byDistributionChannel 6.1.1Specialistretailers 6.1.2Factoryoutlets 6.1.3InternetSales 7 PersistenceMarketResearch

  8. LuggageMarket-GlobalStudyonLuggage WitnessHighestGrowthby2020 Industry - Travel Bags to 6.1.4Others Chapter7MarketSizeandForecast,byGeography 7.1NorthAmerica 7.1.1TheU.S. 7.1.1.1Marketoverview 7.1.2Canada 7.1.2.1Marketoverview 7.2Europe 7.2.1Germany 7.2.1.1Marketoverview 7.2.2Italy 7.2.2.1Marketoverview 7.2.3France 7.2.3.1Marketoverview 7.3AsiaPacific 7.3.1Japan 8 PersistenceMarketResearch

  9. LuggageMarket-GlobalStudy WitnessHighestGrowthby2020 on Luggage Industry - Travel Bags to 7.3.1.1Marketoverview 7.3.2China 7.3.2.1Marketoverview 7.3.3India 7.3.3.1Marketoverview 7.4RestoftheWorld(RoW) 7.4.1Brazil 7.4.1.1Marketoverview Chapter8CompetitiveScenario 8.1MarketShareAnalysis 8.2CompetitiveBenchmarking Chapter9CompanyProfiles 9.1SamsoniteInternationalS.A. 9.1.1Companyoverview 9.1.2Productsandservices 9.1.3Financialperformance 9 PersistenceMarketResearch

  10. LuggageMarket-GlobalStudy WitnessHighestGrowthby2020 on Luggage Industry - Travel Bags to 9.1.4Recentdevelopments 9.2TumiHoldings,Inc. 9.2.1Companyoverview 9.2.2Productsandservices 9.2.3Financialperformance 9.2.4Recentdevelopments 9.3VIPIndustriesLtd. 9.3.1Companyoverview 9.3.2Productsandservices 9.3.3Financialperformance 9.3.4Recentdevelopments 9.4VFCorporation 9.4.1Companyoverview 9.4.2Productsandservices 9.4.3Financialperformance 9.4.4Recentdevelopments 10 PersistenceMarketResearch

  11. LuggageMarket-GlobalStudy WitnessHighestGrowthby2020 on Luggage Industry - Travel Bags to 9.5Briggs&RileyTravelware 9.5.1Companyoverview 9.5.2Productsandservices 9.5.3Financialperformance 9.5.4Recentdevelopment 9.6RimowaGmbH 9.6.1Companyoverview 9.6.2Productsandservices 9.6.3Financialperformance 9.6.4Recentdevelopments 9.7MCMWorldwide 9.7.1Companyoverview 9.7.2Productandservices 9.7.3Financialperformance 9.7.4Recentdevelopments 9.8LouisVuittonMalletierS.A. 11 PersistenceMarketResearch

  12. LuggageMarket-GlobalStudy WitnessHighestGrowthby2020 on Luggage Industry - Travel Bags to 9.8.1Companyoverview 9.8.2Productsandservices 9.8.3Financialperformance 9.8.4Recentdevelopments 9.9Goyard 9.9.1Companyoverview 9.9.2Productsandservices 9.9.3Financialperformance 9.9.4Recentdevelopments 9.10ACECo.,Ltd. 9.10.1Companyoverview 9.10.2Productsandservices 9.10.3Financialperformance 9.10.4Recentdevelopments ListofTables TABLE1Snapshot:Globalmarketforluggage,2013and2020 12 PersistenceMarketResearch

  13. LuggageMarket-GlobalStudyonLuggageIndustry-Travel WitnessHighestGrowthby2020 Bagsto TABLE2Impactanalysisofmarketdrivers TABLE3Impactanalysisofmarketrestraints TABLE4Globalluggagemarketsize,byproduct,2010–2013(USDbillion) TABLE5Globalluggagemarketsize,byproduct,2014–2020(USDbillion) TABLE6Averagesellingprice,byregion,2014(USD) TABLE7Globalluggagemarketsize,bydistributionchannel,2010–2013(USDbillion) TABLE8Globalluggagemarketsize,bydistributionchannel,2014–2020(USDbillion) TABLE9Globalluggagemarketsize,byregion,2010–2013(USDbillion) TABLE10Globalluggagemarketsize,byregion,2014−2020(USDbillion) TABLE11NorthAmericanluggagemarketsize,bycountry,2010–2013(USDbillion) TABLE12NorthAmericanluggagemarketsize,bycountry,2014–2020(USDbillion) TABLE13NorthAmericanluggagemarketsize,byproduct,2010–2013(USDbillion) TABLE14NorthAmericanluggagemarketsize,byproduct,2014–2020(USDbillion) TABLE15NorthAmericanluggagemarketsize,bydistributionchannel,2010–2013(USD billion) TABLE16NorthAmericanluggagemarketsize,bydistributionchannel,2014–2020(USD billion 13 PersistenceMarketResearch

  14. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 TABLE17Europeanluggagemarketsize,bycountry,2010–2013(USDbillion) TABLE18Europeanluggagemarketsize,bycountry,2014–2020(USDbillion) TABLE19Europeanluggagemarketsize,byproduct,2010–2013(USDbillion) TABLE20Europeanluggagemarketsize,byproduct,2014–2020(USDbillion) TABLE21Europeanluggagemarketsize,bydistributionchannel,2010–2013(USDbillion) TABLE22Europeanluggagemarketsize,bydistributionchannel,2014–2020(USDbillion) TABLE23AsiaPacificluggagemarketsize,bycountry,2010–2013(USDbillion) TABLE24AsiaPacificluggagemarketsize,bycountry,2014–2020(USDbillion) TABLE25AsiaPacificluggagemarketsize,byproduct,2010–2013(USDbillion) TABLE26AsiaPacificluggagemarketsize,byproduct,2014–2020(USDbillion) TABLE27AsiaPacificluggagemarketsize,bydistributionchannel,2010–2013(USDbillion) TABLE28AsiaPacificluggagemarketsize,bydistributionchannel,2014–2020(USDbillion) TABLE29RoWluggagemarketsize,bycountry,2010–2013(USDbillion) TABLE30Rowluggagemarketsize,bycountry,2014–2020(USDbillion) TABLE31Rowluggagemarketsize,byproduct,2010–2013(USDbillion) TABLE32RoWluggagemarketsize,byproduct,2014–2020(USDbillion) 14 PersistenceMarketResearch

  15. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 TABLE33RoWluggagemarketsize,bydistributionchannel,2010–2013(USDbillion) TABLE34RoWluggagemarketsize,bydistributionchannel,2014–2020(USDbillion) TABLE35ProductsofSamsoniteInternationalS.A. TABLE36ProductsofTumiHoldings,Inc. TABLE37ProductsandservicesofVIPIndustriesLtd. TABLE38ProductsofVFCorporation TABLE39ProductsofBriggs&RileyTravelware TABLE40ProductsandservicesofRimowaGmbH TABLE41ProductsofMCM TABLE42ProductsofGoyard ListofFigures FIG.1Luggagemarket:Porter’sfiveforcesanalysis FIG.2UrbanizationinAsia-Pacificacrosssub-regions,2010and2020 FIG.3Internationaltouristarrivalsinmillion,2010–2012 FIG.4Globalcoloredhigh-densitypolyethylene(HDPE)pricetrend,July2013–October2014 (cents/pound) 15 PersistenceMarketResearch

  16. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBags WitnessHighestGrowthby2020 to FIG.5Globalaluminumpricetrend,March2014–February2015(USD/lb) FIG.6Globalluggagemarketsharebyvalue,byregion,2013and2020 FIG.7Globalmarketsharebycompanybyvalue,2013 FIG.8Competitivemappingofproductsegmentsacrossglobalregions FIG.9NetsalesandprofitofSamsoniteInternationalS.A.,2011−2013(USDmillion) FIG.10NetsalesandnetincomeofTumiHoldings,Inc.,2012−2014(USDmillion) FIG.11RevenueandprofitofVIPIndustriesLtd.,2011−2013(USDmillion) FIG.12RevenueandnetincomeofVFCorporation,2012−2014(USDbillion) FIG.13RevenueandnetprofitofLouisVuittonS.A.,2012−2014(USDbillion) AboutUs: PersistenceMarketResearchisaglobalmarketresearchfirmspecializing-syndicatedresearch,customresearch,andconsultingservices AtPersistenceMarketResearch(PMR),weareinthebusinessofacceleratingyourbusiness.Asafull- servicemarketresearchfirm,westandcommittedtobringingmoreaccuracyandspeedtoyourbusiness decisions.Fromready-to-purchasemarketresearchreportstocustomizedglobalresearchsolutions,our engagementmodelsarehighlyflexiblewithoutcompromisingonourdeep-seatedresearchvalues. Brieflystated,ourmissionistogiveyouaccesstoforecastsandtrendsanalysesthatputyouonthe pathto profitability. PMR’sServicesGoBeyondGleaningData 16 PersistenceMarketResearch

  17. LuggageMarket-GlobalStudyonLuggageIndustry-TravelBagsto WitnessHighestGrowthby2020 MostenterprisesbelievethatITanddatabasesareenoughtomakeanaccuratedecision.Whilewedo notdisputethat,considerthis:Howlongdoesittaketomakeanaccurate decision?Westrivetodeliverbothevenwithdemandingdeadlines. andstrategicmillion-dollar ContactUs: AddieThomes 305Broadway 7thFloor,NewYorkCity, NY10007,UnitedStates, USA-CanadaTollFree:800-961-0353 Email:sales@persistencemarketresearch.com Web:http://www.persistencemarketresearch.com Twitter:https://twitter.com/addiethomes Blog:http://persistencemarketresearchblog.wordpress.com/ 17 PersistenceMarketResearch

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