Global Travel and Business Bags Market 2019-2023

  • Published: Mar 2019
  • Pages: 143
  • SKU: IRTNTR31061
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The global travel and business bags market size will grow by USD 9.28 billion during 2019-2023. The report offers an analysis of the market based on distribution channel (offline and online) and product (travel bags and business bags). The travel bags market research report further presents an in-depth insight on the growth prospects of the market across APAC, Europe, MEA, North America, and South America. The report analyzes the market’s competitive landscape and offers information on several companies including CAPRI HOLDINGS LIMITED, Kering SA, LVMH, Samsonite International S.A., Tapestry, Inc, and VF Corporation.

Below are some of the key findings from the travel and business bags market analysis report

Travel and Business Bags Market

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Global travel and business bags industry overview

The growing demand for lightweight travel bags is one of the critical reasons that will drive business and travel bags market growth. Lightweight bags are gaining prominence among travelers due to the strict enforcement of weight regulations by the airline industry. Vendors are addressing the growing demand for lightweight and ultra-light travel bags by using hard-sided materials and high-end technologies in manufacturing these bags. Vendors are also launching lightweight luggage bags with comfortable carry-and-wheel handles, lock for secure travel, integrated ID tag, and other features. As the adoption of these bags enables travelers to carry more luggage and prevent a sharp rise in fares on luggage, the preference for lightweight bags will further increase in the coming years.

Vendors are also focusing on using eco-friendly materials in manufacturing lightweight luggage bags. The procurement of materials such as leather leads to hunting concerns and improper disposal of tanning agents. This is shifting the preference of manufacturers and consumers to eco-friendly materials like organic leather products for manufacturing luxury organic leather business bags and lightweight leather bags. These leather business bags are tanned in certified organic tanneries and do not cause a negative impact on the environment. With the awareness of the need to reduce non-degradable residues, the demand for bags made from eco-friendly materials will increase. These factors will drive travel and business bags market growth at a CAGR of almost 7% during the forecast period.

Top companies covered in the travel and business bags market research report

The travel and business bags market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by business and travel bag companies, the industry analysis report will help clients identify new growth opportunities and design innovative strategies to improve their market share.

The report offers a complete analysis of various companies including:

  • CAPRI HOLDINGS LIMITED
  • Kering SA
  • LVMH
  • Samsonite International S.A.
  • Tapestry, Inc
  • VF Corporation

Travel and business bags market segmentation based on geographic regions

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Europe will account for the largest travel and business bags market share throughout the forecast period. The huge availability of personal goods such as travel and business bags and the presence of various well-known brands are major factors for the high growth of the travel bags market in the region. In addition, the availability of a wide variety of designs in the travel and business bags market and related accessories will also contribute to the growth of the market.

Travel and business bags market segmentation based on distribution channel

  • Offline
  • Online

The offline distribution channel will account for the highest travel and business bags market share. The introduction of new business and retail strategies including better pricing strategies and wider assortments and marketing campaigns that allow companies to tap the target customers will drive the sale of travel and business bags in the distribution channel.

Key highlights of the global travel and business bags market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the travel and business bags market during the next five years
  • Precise estimation of the global travel bags market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industry across various geographies such as APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on factors that will challenge the growth of the companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Offline - Market size and forecast 2018-2023
  • Online - Market size and forecast 2018-2023
  • Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Travel bags - Market size and forecast 2018-2023
  • Business bags - Market size and forecast 2018-2023
  • Market opportunity by product

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing demand for business and travel bags from travel retail outlets
  • Personalization and customization of travel and business bags
  • Increased demand for bags made of eco-friendly materials
  • Other trends

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • CAPRI HOLDINGS LIMITED
  • Kering SA
  • LVMH
  • Samsonite International S.A.
  • Tapestry, Inc.
  • VF Corporation

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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