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The leather luggage market size is forecast to increase by USD 4.22 billion, at a CAGR of 5.97% between 2023 and 2028. The global leather luggage market has experienced substantial growth over the past decade, driven by the surge in e-commerce sales. E-commerce platforms enable customers to access a wide range of regional and global leather luggage brands, fueled by the increasing global penetration of smartphones. E-commerce players, including brand-owned online formats and pure-play retailers, offer personalized shopping experiences and product comparisons for customers. Major online retailers like Amazon.com dominate the global market. Developing countries' growing trend towards online retailing is expected to boost leather luggage sales through this channel. E-commerce platforms provide valuable customer feedback through reviews and ratings, allowing informed buying decisions. Eliminating physical store costs, e-commerce players offer significant discounts on leather luggage, making it an attractive option for consumers. For instance, Fossil Group Inc.'s Womens Wiley Leather Satchel Purse Handbags on Amazon showcase customer ratings and feedback on product quality.
Furthermore, the leather travel industry thrives with the production of crack-proof and water-resistant luggage products. Travelers prefer these durable items to protect their electronic gadgets from contamination, dust, and damage during transit. Additionally, Bennett Winch Ltd company offers leather luggages such as the suit carrier holdall, the leather weekender, and the cargo range.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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