. The study provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability.
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Market Overview: Luggage is an integral part of travel & tourism activities. Travel And Business Bags are refer as a bag which are used to carry various stuff for personal and business purpose. Inclination of global population has been increasing towards travel and adventure, which has been proved beneficial for industries such as travel & tourism, and, in turn, for industries involved in the manufacture of related travel gear such as luggage. Some of the key players profiled in the study are Delsey (France) , Louis Vuitton (France) , Safari industries (United States) , Samsonite International (China) , VIP industries (India) , Wildcraft India (India) , Aldo (Canada) , Alfred Dunhill (United Kingdom) , Boconi , BottegaVeneta (Italy) , Caribee (Australia) , Ferari (Italy) , Gianni Versace (Italy) , Richardo Beverly Hills , IT Luggage (England) , Mandarina Duck (Italy) , Pierre Cardin (South Africa) , Prada (Italy) and Puma (Germany).
Market Dynamics
Market Trend
Development in smart luggage with the GPS system tracker has been increasing
Use of social media by retailers in doing promotion is in demand
Market Drivers
Increase in travel and tourism has impacted the demand for travel bags
Changing lifestyle of growing urbanization
Product innovation such as polycarbonated luggage is further expected to impel the global in market
Challenges
Unorganized players in the large markets in developing countries poses a greatest challenge for the organized luggage market
Increased raw material cost needed for the manufacturing of the product
Opportunities
Purchasing power of middle class households in developing regions is creating more demand for premium and fashionable travel bags
Major Market Developments
Safari Ltd, a family owned and operated manufacturer and global distributor of educational “Toys That Teach“ is showing its appreciation for America’s educators and military by offering special discounts on its beautifully crafted educational products. Celebrating back to school and beyond, Safari Ltd is extending a 40% discount to educators, including teachers, administrators and counselors
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The following are the major objectives of the study
• To define, describe, and forecast the Global Travel And Business Bags market on the basis of product [Backpacks , Business bags , Duffel bags , Suitcases and Trolley bags] , application [], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Travel And Business Bags market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Travel And Business Bags industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
While framing the research framework, major and emerging players operating in the Travel And Business Bags market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
Key Points Covered in Travel And Business Bags Market Report:
Global Travel And Business Bags Overview, Definition and Classification
Market drivers and barriers
Global Travel And Business Bags Market Competition by Manufacturers
Global Travel And Business Bags Capacity, Production, Revenue (Value) by Region (2018-2023)
Global Travel And Business Bags Supply (Production), Consumption, Export, Import by Region (2018-2023)
Global Travel And Business Bags Production, Revenue (Value), Price Trend by Type
Global Travel And Business Bags Market Analysis by Application
Global Travel And Business Bags Manufacturers Profiles/Analysis
Travel And Business Bags Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Standardization, regulatory and collaborative initiatives
Industry roadmap and value chain
Market Effect Factors Analysis ????..
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Market forecasts are provided for each of the following submarkets, product-type and by application/end-user categories:
Travel And Business Bags Market Effect Factors Analysis chapter specifically concentrates on Technology Progress/Risk, Substitutes Threat, Technology Progress in Related Industry, Consumer Needs/Customer Preference Changes and Economic/Political Environmental Changes that defines the growth factors of the Market.
The highest & slowest growing market segments are outlined in the study to provide valuable insights of each core element of the market. New market players are beginning to emerge and are accelerating their transition in Travel And Business Bags Market. Merger and acquisition activity forecast to change market landscape of this industry.
The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report
Research Methodology: The Travel And Business Bags market has been analyzed by utilizing the optimum mix of secondary sources and benchmark methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study.
What’s in the offering: The report provides detailed information about the usage and adoption of Travel And Business Bags in various applications, types and regions/country. With that, key stakeholders can find out the major trends, drivers, investments, vertical player’s initiatives, government initiatives toward the product adoption in the following years, along with the details of commercial products available in the market. Moreover, the study provides details about the major challenges that are going to have an impact on the market growth. Additionally, the report gives complete details about the business opportunities to key stakeholders to expand their business and capture revenues in the specific verticals. The report will help companies interested or established in this market to analyze the various aspects of this domain before investing or expanding their business in the Travel And Business Bags market.
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