Introduction
The term luggage primarily involves the cases used to carry belongings while traveling, like trunk, suitcase, wheeled upright, garment bag, tote, duffel bag, carpet bag, and rolling luggage. But on a broader scale, many types of bags are included in the term luggage like, leather briefcases, computer cases, carry-ons, garment bags, garment carriers, kids’ luggage, totes, backpacks, duffel bags, motorcycle luggage, trolley bags, vanity case, suitcases and handbags. The worldwide consumption of luggage has been highly correlated to the travel industry. Since, both business as well as leisure travelers cut down their spending on traveling in 2009 due to the global economic downturn, the luggage industry had also witnessed reduced demand during the period.
The US is the largest global luggage market. Europe and Japan follow as the other significant markets for luggage, the three accounting for a consolidated lion's share of the global market. In the coming years, the Asia-Pacific market, driven by India, China, Taiwan, Thailand, and Hong Kong, among others, is expected to register high growth.
The rising trend of online retail sales is having a positive impact on the luggage industry, since customers can easily get considerable amount of information on the internet regarding the available options. Also, the introduction of new and innovative designs of luggage allures people to buy them.
The global luggage industry has been intensely competitive and fragmented. There have been a large number of small, medium and large players operating in the industry. Some of them include Atlantic Luggage Co., Eagle Creek, Inc., Forward Industries, Inc., Hartmann Inc., Luggage America Inc., LVMH, Nike, Inc., Platt Luggage Inc., Samsonite, Tumi Inc., Valigeria Roncato and VIP Industries Ltd.
Scope
The current report analyzes the trade scenario of the global travel goods industry. Also, the US, European Union and Indian luggage markets are being presented in the report. The report discusses the drivers and key issues related to the global luggage market. The three major players of the industry including, Samsonite Corporation, VIP Industries, LVMH and Coach have been profiled in the report.
Reasons to Purchase
Provides input for strategic business planning
Insights on competitive positioning
Identifies business opportunities & challenges
Analyzes market growth and future trends
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