Global Luggage Market: Business Bags Segment Projected to Grow at a Rapid Pace
Latest
industry research report on: Global Luggage Market | Industry Size,
Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
The global luggage
market
report compiled by Persistence Market Research analyzes and examines
responsible factors impacting growth over a six-year forecast period,
2014-2020. The primary objective of the report is to provide all the
information of the market including drivers, restrains, trends,
challenges, and segmentation of the global luggage market. The report
analyses and examines various factor that are responsible for
boosting growth, and factors that are responsible for restraining
growth, in parallel to challenges, trends, and recent development in
the global luggage market over the forecast period. The global
luggage market report analyses and examines total estimated revenues
generated, and expected revenue during the forecast period.
The
report provides an overview of the global luggage market, which
includes application-specific, and segment-specific factors that are
responsible for contributing towards growth of the global luggage
market, factors restraining growth of the global luggage market along
with various challenges, and trends. The report is classified into
four sections namely, key market dynamics, segment analysis, regional
analysis, and key market players. The report provides analysis of the
global luggage market in terms of market value (US$ Mn). On the basis
of product type, the travel bag segment is predicted to retain
dominance in the global luggage market in the upcoming years.
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The report highlights various segments of the global luggage market,
which includes product type, distribution channel, and region.
Moreover, the report analyses and examines segment-specific factors,
which are estimated to drive growth of the global luggage market, and
factors responsible for inhibiting growth and pose challenges in the
global luggage market in the span of next six years. The report
further throws light on the regional analysis, which includes
regional-specific factors responsible for restraining or contributing
towards growth of the global luggage market in the upcoming years.
The last section of the report comprises of leading international
market players, which operate in the global luggage market throughout
the forecast period.
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Research methodology
To deduce market size, the
report considered the average expenditure on luggage related products
regions in the global luggage market over the forecast period.
Furthermore, data points such as regional split and market split by
product type, distribution channel type, region, and application type
are analyzed and qualitative inputs from primary respondents have
been incorporated to arrive at suitable market estimates. The
forecast presented in the report evaluates the total revenue that is
expected to be generated in the global luggage market over forecast
period (2014–2020). When developing the market forecast, the
starting point involved sizing up the current market, which forms the
basis for forecasting how the market is anticipated to take shape
during the forecast period. Given the characteristics of the market,
PMR triangulated the data on the basis of various analysis based on
both supply side and demand side.
It is imperative to note that
in an ever-fluctuating global economy, we not only conduct forecasts
in terms of CAGR, but also analyze the market on the basis of key
parameters, such as Year-on-Year (Y-o-Y) growth, to understand the
predictability of the market and identify the right opportunities in
the global luggage market.
As previously highlighted, the
global luggage market is split into various segments, on the basis of
product type, distribution channel type, region, and application
type. All these segments have been analyzed in terms of Basis Point
Share (BPS) to understand the individual segments’ relative
contribution to market growth. This detailed level of information is
important for identification of many key trends in the global luggage
market.
Another key feature of this
report is the analysis of the global luggage market by product type,
region, distribution type, and application type, and its revenue
forecast in terms of absolute dollar opportunity. This is usually
overlooked while forecasting the market. However, absolute dollar
opportunity is critical in assessing the level of opportunity that a
provider can look to achieve, as well as to identify potential
resources from a sales perspective in the global luggage market.
In order to understand key
growth segments in terms of growth and performance of the global
luggage market, PMR developed a market attractiveness index. The
resulting index should help providers identify real market
opportunities.
The major players in the
global luggage market include:
Samsonite International
S.A.
Tumi Holdings, Inc.
VIP Industries.
VF Corporation.
Briggs & Riley
Travelware.
Rimowa GmbH.
MCM Worldwide.
Louis Vuitton Malletier
S.A.
Goyard, and ACE Co, Ltd.
Other
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