Luggage Market (2021 Edition) - Analysis by Product Type (Travel Bags, Casual Bags, Business Bags), Price Segment, Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)

The Global Luggage Market was valued at USD 45 Billion in the year 2020. With the increased disposable income and domestic and international travel, the sales of Luggage have increased over a period of time. The advancements in electronics and increased use of electronics product drive the Luggage market. The increasing penetration of Luggage in Premium industry and the budding automation in manufacturing industries will further propel the market in the coming years.

Factors such as the higher concentration of OEMs and ODMs across industries, including consumer Value & Mid-Level and Premium price segment in APAC region will significantly drive luggage market growth in subsequent years.

The Travel Bags in Luggage Market witnessed growth at a noteworthy rate over the past few years and in the forecast period due to the imperative role being played by the Travel Bags during the travel. Further, value and Mid-Level price segment of Luggage is expected to hold a very larger market share of Luggage Market than other price segments. Moreover, increasing demand for various types of Luggage in premium price segment has been anticipated to propel thrust in the sales of Luggage in the future.

With COVID-19 pandemic having a huge impact on the brick and mortar sales and with increase in digitalization, people are focusing more on e-commerce and the potential it holds for the future market. So, companies are trying to sell their product online through different e-commerce platforms such as Amazon, E-bay, Flipkart, etc. and hence increasing the share of Internet Sales.

Scope of the Report

• The report presents the analysis of Luggage Market for the historical period of 2016-2020 and the forecast period of 2021-2026.
• The report analyses the Luggage Market by value (USD Million).
• The report provides a comprehensive analysis of the global luggage market, segmented by Product Type (Travel Bags, Casual Bags, Business Bags), by Price Segment (Value and Mid Level, Premium, Luxury), by Distribution Channel (Specialty Store, Departmental Store, Internet Sales, Others).
• The major regional markets (North America, Asia-Pacific and Europe) have been analysed, along with country coverage of US, Germany and China.
• The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Samsonite, VF Corporation, VIP Industries, Remowa, Briggs and Riley Travelware, Delsey, Tumi Holdings, Fox Luggage, Goyard, ACE Luggage Co. Ltd) are also presented in detail.

Key Target Audience

• Luggage Manufacturers
• Component Suppliers
• End Users
• Consulting Firms
• Investment Banks
• Government Bodies & Regulating Authorities