The growing customer preference for high-end luggage equipped with a GPS tracker, rising urbanization, and rising disposable income are expected to drive the Luggage Market in the coming years. The Global Luggage Market report provides a comprehensive analysis of the market. The report provides a thorough examination of key segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.
Luggage
Market
is the personal belongings of a passenger carried onboard an aircraft, ship, or
bus, whether checked or unchecked. Luggage is made up of bags, cases, and
containers that hold a traveler's belongings while the traveler is in transit.
Traditionally, luggage was made of wood or other heavy materials.
With
new advancements and the accessibility of air travel, the global Luggage Market has renovated itself by offering
small lightweight, colorful, and stylish bags that cater to the various needs
of travelers. The growing travel and tourism industry, population
migration, and rising disposable income are driving the growth rate.
As market key trends, discount selling, comfort, bag
replacement, and choice through e-commerce have been identified. People are
traveling more as their disposable incomes increase. This has created new
opportunities for market participants.
The
expansion of the luggage market will be primarily attributed to the rise of the
travel and tourism industry. Commercialization of major sports in many
countries, as well as increased female participation in sports, are also
influencing the market growth. Several key vendors have begun to introduce a multipurpose sports Luggage Market that can transport a large amount of sports
equipment at once. As the travel and tourism industry expands, there will be greater demand for various types of luggage, such as sports luggage, business
luggage, and leisure luggage.
Key players
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 are among the market's key
players.
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