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Global Luggage & Travel Bags Market (2023-2028) Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis

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    Report

  • 205 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5748967

Hands-free seems to be the future of luggage

The Global Luggage & Travel Bags Market is estimated to be USD 28.13 Bn in 2023 and is expected to reach USD 37.87 Bn by 2028 growing at a CAGR of 6.13%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Luggage & Travel Bags Market is segmented based on Material Type, Product, Type, Form, Price Range, Distribution Channel, and Geography.
  • By Material Type, the market is classified into Soft Side, Hard Side, and Hybrid.
  • By Product, the market is classified into Business Bags, Casual Bags, Sports Bags, and Travel Bags.
  • By Type, the market is classified into Duffle, Trolley, and Backpacks.
  • By Form, the market is classified into Traditional Luggage and Smart Luggage.
  • By Price Range, the market is classified into Premium, Medium Range, and Low Range.
  • By Distribution Channel, the market is classified into Factory Outlets, Online Stores, Supermarkets/ Hypermarkets, and Specialist Retailers.li>
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Targus Ltd, Titan Company Ltd., Travelpro Products, Inc., Tommy Hilfiger Licensing LLC, United States Luggage Co. LLC, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Luggage & Travel Bags Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Luggage & Travel Bags Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Luggage & Travel Bags Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of economic slowdown & impending recession on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Travel and Tourism Industry
4.1.2 Rising Demand for Luxury Luggage Products
4.1.3 Increasing Penetration of the Internet
4.2 Restraints
4.2.1 Stringent Regulatory Norm
4.3 Opportunities
4.3.1 Technological Advancements Such as Smart Luggage with GPS Tracker
4.3.2 Development of Sustainable and Light Weight Products
4.4 Challenges
4.4.1 Fluctuating Prices of Raw Materials
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Impact of Economic Slowdown & Impending Recession
5.6 Ansoff Matrix Analysis
6 Global Luggage & Travel Bags Market, By Material Type
6.1 Introduction
6.2 Soft Side
6.3 Hard Side
6.4 Hybrid
7 Global Luggage & Travel Bags Market, By Product
7.1 Introduction
7.2 Business Bags
7.3 Casual Bags
7.4 Sport Bags
7.5 Travel Bags
8 Global Luggage & Travel Bags Market, By Type
8.1 Introduction
8.2 Duffle
8.3 Trolley
8.4 Backpacks
9 Global Luggage & Travel Bags Market, By Form
9.1 Introduction
9.2 Traditional Luggage
9.3 Smart Luggage
10 Global Luggage & Travel Bags Market, By Price Range
10.1 Introduction
10.2 Premium
10.3 Medium Range
10.4 Low Range
11 Global Luggage & Travel Bags Market, By Distribution Channel
11.1 Introduction
11.2 Factory Outlets
11.3 Online Stores
11.4 Supermarkets/ Hypermarkets
11.5 Specialist Retailers
12 Americas' Luggage & Travel Bags Market
12.1 Introduction
12.2 Argentina
12.3 Brazil
12.4 Canada
12.5 Chile
12.6 Colombia
12.7 Mexico
12.8 Peru
12.9 United States
12.10 Rest of Americas
13 Europe's Luggage & Travel Bags Market
13.1 Introduction
13.2 Austria
13.3 Belgium
13.4 Denmark
13.5 Finland
13.6 France
13.7 Germany
13.8 Italy
13.9 Netherlands
13.10 Norway
13.11 Poland
13.12 Russia
13.13 Spain
13.14 Sweden
13.15 Switzerland
13.16 United Kingdom
13.17 Rest of Europe
14 Middle East and Africa's Luggage & Travel Bags Market
14.1 Introduction
14.2 Egypt
14.3 Israel
14.4 Qatar
14.5 Saudi Arabia
14.6 South Africa
14.7 United Arab Emirates
14.8 Rest of MEA
15 APAC's Luggage & Travel Bags Market
15.1 Introduction
15.2 Australia
15.3 Bangladesh
15.4 China
15.5 India
15.6 Indonesia
15.7 Japan
15.8 Malaysia
15.9 Philippines
15.10 Singapore
15.11 South Korea
15.12 Sri Lanka
15.13 Thailand
15.14 Taiwan
15.15 Rest of Asia-Pacific
16 Competitive Landscape
16.1 Competitive Quadrant
16.2 Market Share Analysis
16.3 Strategic Initiatives
16.3.1 M&A and Investments
16.3.2 Partnerships and Collaborations
16.3.3 Product Developments and Improvements
17 Company Profiles
17.1 ACE Co., Ltd.
17.2 Adidas Ag
17.3 Antler
17.4 ATR Brands Ltd.
17.5 Delsey SA
17.6 Emblem Luggage
17.7 Kering SA
17.8 LVMH Moet Hennessy Louis Vuitton SE
17.9 Nappa Dori Pvt. Ltd.
17.10 Nike, Inc.
17.11 PUMA SE
17.12 Safari, Inc.
17.13 Samsonite International SA
17.14 Schwan Stabilo Group
17.15 Targus Ltd.
17.16 Titan Company Ltd.
17.17 Travelpro Products, Inc.
17.18 Tommy Hilfiger Licensing LLC
17.19 United States Luggage Co. LLC
17.20 VIP Industries Ltd.
17.21 Wildcraft
18 Appendix
18.1 Questionnaire

Companies Mentioned

  • ACE Co., Ltd.
  • Adidas Ag
  • Antler
  • ATR Brands Ltd.
  • Delsey SA
  • Emblem Luggage
  • Kering SA
  • LVMH Moet Hennessy Louis Vuitton SE
  • Nappa Dori Pvt. Ltd.
  • Nike, Inc.
  • PUMA SE
  • Safari, Inc.
  • Samsonite International SA
  • Schwan Stabilo Group
  • Targus Ltd.
  • Titan Company Ltd.
  • Travelpro Products, Inc.
  • Tommy Hilfiger Licensing LLC
  • United States Luggage Co. LLC
  • VIP Industries Ltd.
  • Wildcraft

Table Information