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Technavio’s market research analyst predicts the global travel duffel bags market to register a CAGR of around 13% by 2020. Factors such as the populace’s rising disposable income and increasing spending on travel will propel the sale of travel duffel bags until 2020.
Product innovations by vendors are also expected to boost the sale of travel duffel bags during the forecast period. Recently, it has been observed that the providers in the global travel duffel bags market are increasingly focusing on innovative product offerings as it helps them to cater to the needs of their customers. This change in the focus of vendors will result in the launch of products that have innovative designs, colors, and shape. Consequently, with the launch of such innovative travel duffel bags, the global market for travel duffel bags will have a positive outlook until 2020.
In this market research, analysts have estimated the specialist retail stores segment to be the largest revenue contributor to the global travel duffel bags market during the forecast period. This market segment accounted for around 30% of the total market revenue and is envisaged to retain its hold over the market until 2020 owing to the availability of a vast array of products in these stores. The ability of such stores to provide the required assistance to consumers is another significant factor that will foster the prospects for growth in this market segment until 2020.
In 2015, the North American region dominated the global market for travel duffel bags due to factors like the recent increase in outbound and domestic travel and tourism, and the rising focus on internet retailing.
The global duffle bags market is characterized by the presence of numerous vendors that offer products at multiple price points. During the forecast period, the level of competition between the providers is anticipated to intensify with new product launches and the entry of international players into new geographies.
Key vendors in the market are -
Other prominent vendors in the market include BRIC’s Industria Valigeria Fine, Briggs and Riley, Delsey, Valigeria, Victorinox Swiss Army, VIP Industries, IT Duffel, Rimowa, Travelpro, Tumi, Victorinox, and Ralph Lauren.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by store format
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Explore Technavio
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