Luggage Market Size, Share, Outlook, and Opportunity Analysis, 2019-2027

 

Luggage Market

Travel bags, briefcases, and other casual bags typically make up luggage. With countless organised (global) and disorganised (local) producers producing various types of baggage for diverse travel and business needs, luggage is a very important consumer commodity around the world. Major participants in the organised sector are facing numerous challenges in rising economies of the Asia Pacific region from unorganised players in the luggage business. Due to the low cost of raw materials like leather, plastics, and others, making baggage is easier to produce. Local luggage producers in the unorganised sector also frequently provide their goods at a lesser cost since they spend less on expenses like R&D, marketing, branding, and the cost of obtaining premium raw materials.

The Global Luggage Market Was Valued At US$ 22,467.2 Mn In 2018 And Is Projected To Increase To US$ 38,513.8 Mn By 2027, Witnessing A CAGR Of 6.3% Over The Forecast Period.

Global demand for Luggage Market is anticipated to increase as a result of technological improvements made by industry participants. In order to make travelling easier and more comfortable for the traveller, a luggage bag has a kick scooter attached to it, according to research published in the International Journal for Research in Applied Science & Engineering Technology (IJRASET) in November 2017. For instance, the 4-in-1 solution offered by Slovenian scooter with backpack maker OLAF includes a steerable kick-scooter, a strong trolley, a removable ergonomic backpack, and a wooden skateboard.

Additionally, businesses like G-RO and Scoocase have added power banks to their bags. Additionally, the Delsey Paris Pilot 4.0 and Titus from Antler USA both feature an integrated USB connector and wires that are linked to a power bank compartment. A bag with an integrated scale that displays the exact weight of the luggage as soon as the user lifts the bag is another example of smart luggage. For instance, the integrated weighing scale in Airo's smart luggage trolley bags has given the company a competitive advantage over other products. During the anticipated period, these factors are anticipated to accelerate the growth of the luggage market.

Key players operating in the market include Tapestry Inc., Rimowa GmbH, Louis Vuitton Malletier, S.A., Victorinox Swiss Army, Inc., Samsonite International S.A, Coach Inc, VF Corporation, Antler Limited, Delsey S.A., Bric's Industria Valigeria Fine SpA, Etienne Aigner AG, and VIP Industries Limited.

Press Release of Luggage Market is available

Comments

Post a Comment

Popular posts from this blog

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today...
Read more

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi...
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man...
Read more