India Luggage Industry Outlook to FY'2018 - Surging Demand for Backpacks and Handbags to Drive Future Growth
- Language: English
- 104 Pages
- Published: May 2013
- Region: India
The analysts forecast the Global Luggage market to grow at a CAGR of 7.15 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing consumer income levels. The Global Luggage market has also been witnessing the growing number of marketing initiatives. However, increasing competition from local brands and counterfeit products could pose a challenge to the growth of this market.
The report, the Global Luggage Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the EMEA, and the APAC regions; it also covers the Global Luggage market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this space are ACE Co. Ltd., Samsonite International SA, Tumi Inc., VF Corp.
Other vendors mentioned in the report are Antler Ltd., Boyt Harness Co. LLC, BRIC's Industria Valigeria Fine S.p.A., C&C Manufacturing Co. Ltd., Delsey SA, Etienne Aigner AG, Moët Hennessy Louis Vuitton, Nike Inc., Rimowa Luggage, Targus Group International Inc., Valigeria Roncato S.p.A., Victorinox Swiss Army, and VIP Industries Ltd.
Key questions answered in this report:
- What will the market size be in 2018 and what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?
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01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Landscape
06.1 Market Overview
06.2 Market Size and Forecast
06.3 Five Forces Analysis
07. Market Segmentation by Product
07.1 Global Luggage Market by Product 2013-2018
07.2 Global Travel Bags Market
07.2.1 Market Size and Forecast
07.3 Global Casual Bags Market
07.3.1 Market Size and Forecast
07.4 Global Business Bags Market
07.4.1 Market Size and Forecast
08. Market Segmentation by Distribution
08.1 Global Luggage Market by Distributional Segmentation 2013
09. Geographical Segmentation
09.1 Global Luggage Market by Geographical Segmentation 2013-2018
09.2 Luggage Market in the APAC Region
09.2.1 Market Size and Forecast
09.3 Luggage Market in the Americas
09.3.1 Market Size and Forecast
09.4 Luggage Market in the EMEA Region
09.4.1 Market Size and Forecast
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
18.1 Competitive Scenario
18.1.1 Mergers and Acquisitions
18.2 Market Share Analysis 2013
18.3 Other Prominent Vendors
19. Key Vendor Analysis
19.1 ACE Co. Ltd.
19.1.1 Business Overview
19.1.2 Business Segmentation
19.1.3 Key Information
19.1.4 SWOT Analysis
19.2 Samsonite International SA
19.2.1 Business Overview
19.2.2 Business Segmentation
19.2.3 Key Information
19.2.4 SWOT Analysis
19.3 Tumi Inc.
19.3.1 Business Overview
19.3.2 Business Segmentation
19.3.3 Key Information
19.3.4 SWOT Analysis
19.4 VF Corp.
19.4.1 Business Overview
19.4.2 Business Segmentation
19.4.3 Key Information
19.4.4 SWOT Analysis
20. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Luggage Market by Product Segmentation
Exhibit 3: Global Luggage Market 2013-2018 (US$ billion)
Exhibit 4: Global Luggage Market by Product Segmentation 2013-2018
Exhibit 5: Global Luggage Market by Product Segmentation 2013-2018 (US$ billion)
Exhibit 6: Global Travel Bags Market 2013-2018 (US$ billion)
Exhibit 7: Global Casual Bags Market 2013-2018 (US$ billion)
Exhibit 8: Global Business Bags Market 2013-2018 (US$ billion)
Exhibit 9: Global Luggage Market by Distributional Segmentation 2013
Exhibit 10: Global Luggage Market by Geographical Segmentation 2013-2018
Exhibit 11: Global Luggage Market by Geographical Segmentation 2013-2018 (US$ billion)
Exhibit 12: Luggage Market in the APAC Region 2013-2018 (US$ billion)
Exhibit 13: Luggage Market in the APAC Region by Geographical Segmentation 2013
Exhibit 14: Luggage Market in the Americas 2013-2018 (US$ billion)
Exhibit 15: Luggage Market in the Americas by Geographical Segmentation 2013
Exhibit 16: Luggage Market in the EMEA Region 2013-2018 (US$ billion)
Exhibit 17: Luggage Market in the EMEA Region by Geographical Segmentation 2013
Exhibit 18: Per-capita Expenditure of Consumers in Various Regions 2013-2018
Exhibit 19: Global Luggage Market by Vendor Segmentation 2013
Exhibit 20: Business Segmentation of Ace Co. Ltd.
Exhibit 21: Business Segmentation of Samsonite International SA
Exhibit 22: Business Segmentation of Tumi Inc.
Exhibit 23: Business Segmentation of VF Corp.
Commenting on the report, an analyst from the team said: “The increase in the number of marketing and promotional initiatives by vendors is playing an important role in luggage product sales. Advertising is the key marketing tool used by vendors to increase brand penetration and spread awareness about their products to consumers. Some of the common promotional strategies practiced by vendors include offering discounts, seasonal offers, and lucky draws. The availability of a large number of advertising channels/modes and the growing penetration of the internet enable vendors to effectively increase their reach and gain customer loyalty. Thus, the focus on increasing promotional and marketing strategies by vendors is expected to propel the growth of the market during the forecast period.”
According to the report, one of the main drivers in this market is the increasing consumer income levels in many developing countries of the world. The rapid economic growth in many countries and improving macroeconomic conditions has increased the disposable income of consumers. This growing disposable income is triggering consumer spending on luggage, thereby driving the growth of the market.
Further, the report states that the increasing competition from local brands and counterfeit products is one of the main challenges hindering the growth of the market. This competition has led to market fragmentation, which has, in turn, resulted in several issues such as lack of price standardization, an uneven competitive scenario, and market share erosion.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- ACE Co. Ltd.
- Samsonite International SA
- Tumi Inc.
- VF Corp.