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 Lugg