Travel Bag Market 2018-2025


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2019-01-11 07:03:11
121836

 

Travel Bag Market is Projected to Mask a Significant CAGR of 7.7% over the forecast period.

Research Methodology:

Primary research: Interviews of various industry experts and supplement this with the best secondary sources for each study. The break-up of primary research is as follows:

By Company Type-  Tier 1: 40%, Tier 2: 32% & Tier 3: 28%

By Designation: C-Level Executives: 38%, Directors: 24% & Managers: 28%.

By Region- North America: 27%, Europe: 22%, Asia Pacific:30%, Rest of World:21%

Secondary research: Secondary sources and exclusive data and analytics with in-depth reporting.

Data Triangulation: After gaining insights from primary and secondary research, the research team analyzes data about the latest trends and key issues in reference to each country and industry and present it in report.

Market Segmentation:

By Material Type:

Hard-Side

Soft-Side

By Luggage Type:

Duffle

Trolley

Backpacks

By Price Range:

Premium Range

Medium Range

Low Range

By Distribution Channel:

Supermarkets/Hypermarkets

Specialty Stores

Factory Outlets

Online Stores

Others

Regional Segmentation:

North America (U.S. & Canada), Europe (Germany, UK, France, Italy, Spain, Russia, Poland, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Singapore, Australia, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America) and Middle East & Africa (GCC, South Africa, North Africa and Rest of Middle East & Africa)

Market Size & Forecast:

The market of travel bag is thriving at a CAGR (Compound Annual Growth Rate) of 7.7% over the forecast period. The market is estimated to reach at an exponential value of USD 27588.2 Million at the end of 2025.

Regionally, North America region dominated the market of travel bag in 2017. Additionally, owing to early adoption of advanced kitchen equipment and increase in demand for processed food in the North American region, hospitality market dominates in the use of travel bag.

Market Drivers, Trends, Opportunities and Restraints:

Drivers:

  1. Rise in travel and tourism along with increase in urbanization, changes in lifestyle, and demand for innovative products are believed to bolster the growth of travel bag market.

 

 

 

Research Scope

- Overview of Main Industry Events and Analysis of Their Market Impact

- Executive Summary

- Market Drivers, Trends, Challenges and Opportunities

- Market Size and Forecast Projections

- Estimating Market Access in Each Region and Implications of the Emerging Technologies in the Market

- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market

- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities

- BCG Growth Share Matrix

- Porter’s Five Force Analysis

 

Reasons to Buy

The report will facilitate you to:

- Cultivate and design your in-licensing and out-licensing strategies through a review of marketed products and technologies.

- Develop business tactics by understanding the trends molding and thriving the market.

- Drive revenues by considering the vital trends, pioneering products and technologies, market segments and companies likely to impact the market in the future.

- Formulate effective sales and marketing strategies by examining the competitive landscape and by evaluating the performance of various competitors.

- Recognize emergent players with potentially strong product portfolios and develop effective counter-tactics to gain a competitive advantage.

- Unify your sales and marketing labors by recognizing the market segments that present utmost opportunities for consolidations, investments and strategic partnerships.

Market Players:

Delsey SA., VIP Industries, TGHI, Inc., Samsonite, Ace Co. Ltd., U.S. Luggage Company, LVMH Group, Travelpro Products, Inc., Rimowa GmbH, Kering SA are some of the major players dominating the travel bag market globally.

 

 

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