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School Bags Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71839
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The school bags market share is expected to increase by USD 3.77 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.65%.

This school bags market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers school bags market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and MEA). The school bags market report also offers information on several market vendors, including adidas AG, Crumpler PTY Ltd., DELSEY, Elecom Co. Ltd, Hermes International SA, LVMH Moet Hennessy Louis Vuitton SE, Nike Inc., Quanzhou Dabao Light Industry Products Co. Ltd., Samsonite International SA, and Targus Inc. among others.

What will the School Bags Market Size be During the Forecast Period?

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School Bags Market: Key Drivers and Challenges

The innovations in materials and designs leading to product premiumization are notably driving the school bags market growth, although factors such as rising labor costs and fluctuating raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the school bags industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key School Bags Market Driver

The rise in innovations of materials and designs for making premium products is one of the key drivers for the school bags market share growth. School bags have become more of fashion products due to evolving fashion trends, changing lifestyles, and preferences. Moreover, customers are preferring schools to perform multiple functions such as carrying laptops and tablets. Also, trolley school bags are being introduced to release the pressure on users' shoulders. Furthermore, to offer more premium quality products leather school bags are promoted and these bags are in high demand. Hence, vendors are focusing more on new designs and patterns to attract more customers. Therefore, the use of innovative materials is estimated to boost the school bags market during the forecast period.

Key School Bags Market Challenge

The rise in labor costs and volatile prices of raw materials is one of the major challenges for the school bags market share growth. The cost of production has increased due to the rise in labor costs and constant fluctuating prices in the developing countries resulting in declining profit margins. Also, leather is one of the major raw materials in the manufacturing of school bags and the leather manufacturing process is quite expensive. Moreover, due to the highly competitive market, the vendors are restricted from increasing the end-products prices which reduces their profit margins. Thus, the fluctuating raw material and labor expenses are expected to hamper the school bags market growth during the forecast period.

This school bags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major School Bags Market Vendors?

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

 

  • adidas AG
  • Crumpler PTY Ltd.
  • DELSEY
  • Elecom Co. Ltd
  • Hermes International SA
  • LVMH Moet Hennessy Louis Vuitton SE
  • Nike Inc.
  • Quanzhou Dabao Light Industry Products Co. Ltd.
  • Samsonite International SA
  • Targus Inc.

 

This statistical study of the school bags market encompasses successful business strategies deployed by the key vendors. The school bags market is fragmented and the vendors are deploying growth strategies such as advertising to highlight the features and advantages of new products to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The school bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for School Bags Market?

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48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for school bags in APAC. However, the market growth rate in this region will be slower than the growth of the market in MEA regions.

The increase in the spending on education will facilitate the school bags market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the School Bags Market?

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The school bags market share growth by the offline segment will be significant during the forecast period. The specialty distribution stores such as department stores, hypermarkets, supermarkets, convenience stores generate revenue for the offline segment resulting in intensifying the competition. Also, retailers are coming up with new businesses, wider assortment, pricing, and retail strategies for surviving the competition. Moreover, the increasing preferences towards online shopping by the consumers is encouraging the offline players to expand their stores in local and regional markets for boosting sales through the offline segment. Thus, the offline segment is expected to drive the school bags market share growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the school bags market size and actionable market insights on post COVID-19 impact on each segment.

 

School Bags Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.65%

Market growth 2021-2025

$ 3.77 billion

Market structure

Fragmented

YoY growth (%)

4.97

Regional analysis

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

Performing market contribution

APAC at 48%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

adidas AG, Crumpler PTY Ltd., DELSEY, Elecom Co. Ltd, Hermes International SA, LVMH Moet Hennessy Louis Vuitton SE, Nike Inc., Quanzhou Dabao Light Industry Products Co. Ltd., Samsonite International SA, and Targus Inc.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this School Bags Market Report?

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

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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

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

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    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

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • adidas AG
      • Crumpler PTY Ltd.
      • DELSEY
      • Elecom Co. Ltd
      • Hermes International SA
      • LVMH Moet Hennessy Louis Vuitton SE
      • Nike Inc.
      • Quanzhou Dabao Light Industry Products Co. Ltd.
      • Samsonite International SA
      • Targus Inc.

      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 school bags market growth will increase by $3775.20 million during 2020-2025.
      The school bags market is expected to grow at a CAGR of 5.65% during 2020-2025.
      Technavio has segmented the school bags market by distribution channel (Offline and Online) and geographic (APAC, North America, Europe, South America, and MEA).
      adidas AG, Crumpler PTY Ltd., DELSEY, Elecom Co. Ltd, Hermes International SA, LVMH Moet Hennessy Louis Vuitton SE, Nike Inc., Quanzhou Dabao Light Industry Products Co. Ltd., Samsonite International SA, Targus Inc. are a few of the key vendors in the school bags market.
      APAC will register the highest growth rate of 48.42% among the other regions. Therefore, the school bags market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the school bags market growth are:
      • Innovations in materials and designs leading to product premiumization
      The school bags market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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