Global Travel Luggage Market: Size, Trends, Forecasts (2019-2023): The report presents an in-depth assessment of the Travel Luggage including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Travel Luggage investments from 2019 till 2023.
The global travel luggage market is projected to display a robust growth represented by a CAGR of 7.06% during 2019- 2023.
The report also profiles key market players such as Samsonite International S.A., VIP Industries Ltd., RIMOVA, VF Corporation, Briggs & Riley Travelware, DELSEY, Fox Luggage Inc. on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth &, sustainability, and financial overview.
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The scope of the market includes travel luggage, casual luggage, business luggage, sports luggage, and other product types by product type. By distribution channel, the market is categorized as offline retail and online retail.
- The market is moderately fragmented in nature, with the presence of a large number of regional and international manufacturers of key products, such as duffle bags, trolley bags, and backpacks.
- Change in lifestyle, increasing travel and tourism, customer inclination toward high-end luggage, owing to rising preferences for premium luggage are likely to positively impact the growth of the market during the forecast period.
The growth in the demand for luggage bags is directly proportional to the growing travel and tourism industry. Over the past few years, the global travel and tourism industry has witnessed significant growth reaching 1341 million arrivals in 2017. Currently, the tourism industry is one of the fastest-growing and most diversified sectors globally, which results in good business, trade, employment, developing infrastructure, and stimulating the social development of different communities.
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Influence of the Travel Luggage market report:
-Comprehensive assessment of all opportunities and risk in the Travel Luggage market.
-Travel Luggage market recent innovations and major events.
-Detailed study of business strategies for growth of the Travel Luggage market-leading players.
-Conclusive study about the growth plot of Travel Luggage market for forthcoming years.
-In-depth understanding of Travel Luggage market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Travel Luggage market.
The research includes historic data from 2014 to 2019 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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