Dublin, Sept. 30, 2021 (GLOBE NEWSWIRE) -- The "Luggage & Travel Bags Market Research Report by Product, by Type, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Luggage & Travel Bags Market size was estimated at USD 24.07 Billion in 2020 and expected to reach USD 25.53 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 6.39% to reach USD 34.91 Billion by 2026.
Market Statistics:
The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.
Market Segmentation & Coverage:
This research report categorizes the Luggage & Travel Bags to forecast the revenues and analyze the trends in each of the following sub-markets:
- Based on Product, the Luggage & Travel Bags Market was studied across Business Bags, Casual Bags, and Travel Bags.
- Based on Distribution Channel, the Luggage & Travel Bags Market was studied across Factory Outlets, Internet Sales, and Specialist Retailers.
- Based on Type, the Luggage & Travel Bags Market was studied across Carry-Ons, Garment Bags, Kids' Luggage, Luggage Sets, and Suitcases.
- Based on Region, the Luggage & Travel Bags Market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Luggage & Travel Bags Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Luggage & Travel Bags Market, including Ace Co. Ltd., Adidas AG, Delsey SA., Kering SA, Luggage Company, LVMH, LVMH Group, Nike Inc., Rimowa GmbH, Samsonite, TGHI, Inc., Travelpro Products, Inc., and VIP Industries.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Luggage & Travel Bags Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Luggage & Travel Bags Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Luggage & Travel Bags Market?
4. What is the competitive strategic window for opportunities in the Global Luggage & Travel Bags Market?
5. What are the technology trends and regulatory frameworks in the Global Luggage & Travel Bags Market?
6. What is the market share of the leading vendors in the Global Luggage & Travel Bags Market?
7. What modes and strategic moves are considered suitable for entering the Global Luggage & Travel Bags Market?
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Cumulative Impact of COVID-19
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Booming travel and tourism industry globally
5.1.1.2. Rapid urbanization and changing lifestyles with growing per capita income among middle class population
5.1.1.3. Potential demand for innovative products such as polycarbonate luggage
5.1.2. Restraints
5.1.2.1. Highly unorganized market
5.1.3. Opportunities
5.1.3.1. Technological advancements such as smart luggage with GPS tracker
5.1.3.2. Rising demand from the emerging economies
5.1.4. Challenges
5.1.4.1. Availability of cheaper substitutes
5.2. Porters Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Customers
5.2.4. Bargaining Power of Suppliers
5.2.5. Industry Rivalry
6. Luggage & Travel Bags Market, by Product
6.1. Introduction
6.2. Business Bags
6.3. Casual Bags
6.4. Travel Bags
7. Luggage & Travel Bags Market, by Distribution Channel
7.1. Introduction
7.2. Factory Outlets
7.3. Internet Sales
7.4. Specialist Retailers
8. Luggage & Travel Bags Market, by Type
8.1. Introduction
8.2. Carry-Ons
8.3. Garment Bags
8.4. Kids' Luggage
8.5. Luggage Sets
8.6. Suitcases
9. Americas Luggage & Travel Bags Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Luggage & Travel Bags Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Thailand
11. Europe, Middle East & Africa Luggage & Travel Bags Market
11.1. Introduction
11.2. France
11.3. Germany
11.4. Italy
11.5. Netherlands
11.6. Qatar
11.7. Russia
11.8. Saudi Arabia
11.9. South Africa
11.10. Spain
11.11. United Arab Emirates
11.12. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion
13. Company Usability Profiles
13.1. Ace Co. Ltd.
13.2. Adidas AG
13.3. Delsey SA.
13.4. Kering SA
13.5. Luggage Company
13.6. LVMH
13.7. LVMH Group
13.8. Nike Inc.
13.9. Rimowa GmbH
13.10. Samsonite
13.11. TGHI, Inc.
13.12. Travelpro Products, Inc.
13.13. VIP Industries
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6a8v8m
