Leather Luggage Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR40151
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The leather luggage market size has the potential to grow by USD 22.93 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.06%. 

This report provides a detailed analysis of the market by product (travel bags, casual bags, and business bags), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

Leather-Luggage-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Leather Luggage Market

 Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Bellroy Pty Ltd.
  • Hermes International
  • Hidesign
  • Kering SA
  • Leatherology
  • LVMH Moet Hennessy - Louis Vuitton
  • MAHI Leather Ltd.
  • Samsonite International SA
  • Tapestry Inc.
  • VIP Industries Ltd.

 

The leather luggage market is fragmented and the vendors are deploying growth strategies such as launching new variants of leather luggage, launching new marketing campaigns, and opening new distribution facilities to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the expansion of the online retailing of leather luggage products to achieve growth opportunities. However, factors such as the availability of counterfeit leather luggage products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the leather luggage market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This leather luggage market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Leather Luggage Market: Key Drivers and Trends

  • The expansion of the online retailing of leather luggage products has been identified as one of the significant factors that is driving the growth of the leather luggage market size.
  • The convenience of online shopping in terms of easy view, selection, and product comparison of various brands is increasing sales of leather bags online. Moreover, online shopping helps in saving time on purchases.
  • Many online retailers have been offering attractive discounts on leather luggage products to attract price-sensitive customers. As a result, online sales of leather bags have increased.
  • This market development has also encouraged many vendors to maintain exclusive online websites that sell their leather luggage products with various customization options. 
  • The rising demand for smart leather luggage has been identified as one of the critical leather luggage market trends.
  • Market vendors are adopting many strategies, including the development of smart leather luggage products to increase their sales and expand their customer base.
  • Smart leather luggage products are integrated with various technologies and can be connected with smart devices.
  • With increasing luggage claims reported due to the loss of luggage, the demand for smart leather luggage products will also grow.
  • The rising popularity of smart leather products will drive sales for vendors and encourage them to manufacture more such products, contributing to the leather luggage market growth. 

 

Grab your Free Sample now to unlock further information on other key market drivers

Leather Luggage Market: Segmentation by Geography

Leather-Luggage-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for leather luggage in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The focus of vendors to expand their online retail presence will increase online sales and facilitate the leather luggage market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Leather Luggage Market: Segmentation by Product

Leather-Luggage-Market-Market-Share-by-Product-2020-2025

Request for a FREE sample and Get more information on the market contribution of various segments

Travel bags are convenient to carry clothes and other essentials when traveling from one place to another. Travel totes, duffel bags, weekenders, rolling luggage, and travel packs are some types of travel bags that are available in the market. Many vendors are offering customization options where a customer can choose the color and type of leather to be used to manufacture travel bags to have unique looks. 

Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the leather luggage market size.

 

Event-Tickets-Market-Report

Request for a FREE sample

Leather Luggage Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive leather luggage market growth during the next five years
  • Precise estimation of the leather luggage market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the leather luggage industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of leather luggage market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Leather Luggage Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 22.93 billion

Market structure

Fragmented

YoY growth (%)

3.46

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 50%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bellroy Pty Ltd., Hermes International, Hidesign, Kering SA, Leatherology, LVMH Moet Hennessy - Louis Vuitton, MAHI Leather Ltd., Samsonite International SA, Tapestry Inc., and VIP Industries Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

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

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Travel bags - Market size and forecast 2020-2025
    • Casual bags - Market size and forecast 2020-2025
    • Business bags - Market size and forecast 2020-2025
    • COVID-19 pandemic impact and recovery in the market
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Bellroy Pty Ltd.
      • Hermès International
      • Hidesign
      • Kering SA
      • Leatherology
      • LVMH Moet Hennessy - Louis Vuitton
      • MAHI Leather Ltd.
      • Samsonite International SA
      • Tapestry Inc.
      • VIP Industries Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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
      Technavio

      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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The leather luggage market growth will increase by $22.93 billion during 2020-2025.
      The leather luggage market is expected to grow at a CAGR of 5.06% during 2020-2025.
      Technavio has segmented the leather luggage market by product (Travel bags, Casual bags, and Business bags) and geographic (APAC, North America, Europe, South America, and MEA).
      Bellroy Pty Ltd., Hermes International, Hidesign, Kering SA, Leatherology, LVMH Moet Hennessy - Louis Vuitton, MAHI Leather Ltd., Samsonite International SA, Tapestry Inc., VIP Industries Ltd. are a few of the key vendors in the leather luggage market.
      APAC will register the highest growth rate of 49.59% among the other regions. Therefore, the leather luggage market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the leather luggage market growth are:
      • Increasing number of product launches
      The leather luggage market vendors should focus on grabbing business opportunities from the travel bags segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Staples
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>