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Luggage Market by Product Type (Casual Bag, Travel Bag, Business Bag, and Others) by Distribution Channel (Supermarkets, Hypermarkets, Online Stores, Specialty Stores, and Others) and by Geography - Global Trends and Forecast to 2025
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Luggage Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 20162025 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Luggage Market:Overview Luggage such as suitcases and bags are available in various size, shape, and designs to enhance convenience and comfort while travelling. Growing travel and tourism industry along with rising participation in adventure sports and outdoor sports is driving growth of the global luggage market. According to the World Travel and Tourism Council, global domestic expenditure on travel and tourism in 2014 was US$ 340.4 billion, which increased to US$ 574.6 billion in 2016. Technological developments such as smart luggage is further fuelling growth of the global luggage market. For instance, in January 2018, 90FUN launched new smart suitcase 90FUN Puppy 1 which follows the traveler. However, restrictions on smart luggage by International Air Transport Association is hindering growth of the global luggage market. For instance, smart luggage containing lithium batteries and nonremovable batteries are banned by major airlines such as American Airlines due to risk of fire. © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Luggage Market:Outlook Asia Pacific held the largest market share of 42.58% in 2016 and is expected to retain the dominance over the forecast period. Manufacturers are entering into the regional market due to increasing demand for luggage. For instance, Tumi Holdings, subsidiary of Samsonite International S.A., collaborated with Singapore Airlines Limited to create limited edition designs of Alpha 2 international expandable 4 wheeled carryon bags in April 2017. Manufacturers operating in the global luggage market are adopting different strategies including merger and acquisition and collaborations among others for business expansion. For instance, in April 2017, Samsonite International S.A. acquired travel bag retailer eBags Inc. for US$105 million. In November 2014, Perry Ellis International, Inc. entered into a partnership with UGA Fashion S.A. de C.V. for designing, manufacturing and marketing luggage, back packs, travel bags and travel accessories under the brand Perry Ellis in Mexico. Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/requestsample/1436 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Luggage Market:Segmentation Global Luggage Market, By Product Type: Casual Bag Travel Bag Business Bag Others Global Luggage Market, By Distribution Channel: Supermarkets Hypermarkets Online Stores Specialty Store Others ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/marketinsight/luggagemarket1436 Browse 772 pages, 300 market data tables* and 90 figures* on "Luggage Market” Global forecast to 2025. © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Luggage Market:Key Players ➢ LVMH Moët Hennessy Louis Vuitton SE. ➢ Rimowa GmbH ➢ Samsonite International S.A. ➢ Victorinox Swiss Army, Inc. ➢ VF Corporation ➢ Antler Limited ➢ Bric's Industria Valigeria Fine SpA ➢ Etienne Aigner AG ➢ Delsey S.A. ➢ Coach, Inc, ➢ VIP Industries Limited. © Coherent market Insights. All Rights Reserved
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