Market Overview:
The global synthetic leather luggage market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for luxury and designer luggage, rising disposable income, and growing tourism industry. In terms of type, PVC synthetic leather is expected to hold the largest share in the global synthetic leather luggage market during the forecast period. This can be attributed to its low cost and durability.
Product Definition:
synthetic leather luggage is a type of luggage made from synthetic materials. It is often chosen for its durability and water resistance.
By Materials:
By materials, we mean the raw or primary materials from which a product is made. In synthetic leather luggage market, there are two types of material used namely artificial and natural leather. The artificial type of material has been developed using various processes over the past few decades and has replaced most of the natural hides that were previously used to make bags and cases.
PVC Synthetic Leather:
PVC synthetic leather is a type of artificial leather made from polyvinyl chloride. It is also known as Polyvinyl Chloride (PVC) or vinyl. PVC synthetic leather is used in the manufacturing of handbags, wallets, belts, apparel and other accessories for both men and women. The growing demand for designer bags across various industries such as corporate, travel & tourism and fashion among others has been driving the market globally over the past few years.
Application Insights:
Specialist retailers led the global market in 2017 and are projected to continue their dominance over the forecast period. The growth of this segment is attributed to increasing demand for designer bags on account of growing trend towards consumer spending on luxury items. Internet sales are also expected to witness significant growth owing to easy access customers have with regard to shopping from home using online channels.
The factory outlets accounted for a considerable share in the application segment and were valued at USD 536.3 million in 2017 owing to high production output of handbags, luggage, briefcases, backpacks and other school accessories among others by major manufacturers such as Tumi, Travelpro International Inc., Briggs & Riley Co., Ltd., Samsonite Corporation; LuggagePro International LLC; Pacsafe Ltd.; Osprey Packs Australia Pty Ltd.; Deuter GmbH & Co.; along with several others globally operating within this sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 35% in terms of revenue in 2017 owing to increasing demand from countries such as China, India, Japan, South Korea and Australia. Increasing number of middle-class population along with rising living standards has led to an increase in consumer spending on luxury travel products including handbags, luggage sets and suitcases. This trend is projected to positively influence the growth over the next eight years.
Europe was valued at USD X billion in 2017 owing to growing product demand from Germany, Italy and France among other countries due mainly to increased spending by consumers on premium synthetic leather luggage products for their homes as well as business travels across various industries such as automotive (automotive interior), hospitality (hotel) etc.).
Growth Factors:
- Increasing demand for luxury goods: The global luxury goods market is expected to grow at a CAGR of 5.8% during the forecast period, reaching a value of US$ 1,482 billion by 2025. This is owing to the increasing disposable income of consumers and their growing inclination towards luxurious lifestyle products. Synthetic leather luggage is considered as a premium product and its demand is expected to rise in line with the growth of the global luxury goods market.
- Rising air travel: The number of air passengers worldwide has been increasing steadily over the years and this trend is projected to continue in the coming years as well, driven by factors such as globalization, rising income levels and urbanization. As more people take to air travel for business or leisure purposes, there will be an increase in demand for synthetic leather luggage products that can withstand extended periods of use without any damage or wear-and-tear.
- Proliferation of online retail channels: With more people preferring to shop online than in physical stores, there has been a proliferation of online retail channels in recent years catering specifically to luggage needs – both big and small! This has resulted in increased competition among brands vying for a share of this lucrative market segment, thereby driving down prices and spurring innovation amongst synthetic leather luggage manufacturers/suppliers .
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Leather Luggage Market Research Report
By Type
By Materials, PVC Synthetic Leather, PU Synthetic Leather, By Product Type, Travel Bags, Casual Bags, Business Bags
By Application
Specialist Retailers, Factory Outlets, Internet Sales
By Companies
Samsonite International S.A., Tumi Holdings, VIP Industries, VF Corporation, Briggs & Riley Travelware, Rimowa GmbH, MCM Worldwide, Louis Vuitton Malletier S.A., IT Luggage
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Leather Luggage Market Report Segments:
The global Synthetic Leather Luggage market is segmented on the basis of:
Types
By Materials, PVC Synthetic Leather, PU Synthetic Leather, By Product Type, Travel Bags, Casual Bags, Business Bags
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Specialist Retailers, Factory Outlets, Internet Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsonite International S.A.
- Tumi Holdings
- VIP Industries
- VF Corporation
- Briggs & Riley Travelware
- Rimowa GmbH
- MCM Worldwide
- Louis Vuitton Malletier S.A.
- IT Luggage
Highlights of The Synthetic Leather Luggage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Materials
- PVC Synthetic Leather
- PU Synthetic Leather
- By Product Type
- Travel Bags
- Casual Bags
- Business Bags
- By Application:
- Specialist Retailers
- Factory Outlets
- Internet Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Leather Luggage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic leather luggage is a type of luggage made from synthetic materials. It is often lighter and more durable than traditional leather luggage, making it a popular choice for travelers.
Some of the major companies in the synthetic leather luggage market are Samsonite International S.A., Tumi Holdings, VIP Industries, VF Corporation, Briggs & Riley Travelware, Rimowa GmbH, MCM Worldwide, Louis Vuitton Malletier S.A., IT Luggage.
The synthetic leather luggage market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Synthetic Leather Luggage Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Synthetic Leather Luggage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Synthetic Leather Luggage Market - Supply Chain
4.5. Global Synthetic Leather Luggage Market Forecast
4.5.1. Synthetic Leather Luggage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Synthetic Leather Luggage Market Size (000 Units) and Y-o-Y Growth
4.5.3. Synthetic Leather Luggage Market Absolute $ Opportunity
5. Global Synthetic Leather Luggage Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Synthetic Leather Luggage Market Size and Volume Forecast by Type
5.3.1. By Materials
5.3.2. PVC Synthetic Leather
5.3.3. PU Synthetic Leather
5.3.4. By Product Type
5.3.5. Travel Bags
5.3.6. Casual Bags
5.3.7. Business Bags
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Synthetic Leather Luggage Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Synthetic Leather Luggage Market Size and Volume Forecast by Application
6.3.1. Specialist Retailers
6.3.2. Factory Outlets
6.3.3. Internet Sales
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Synthetic Leather Luggage Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Synthetic Leather Luggage Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Synthetic Leather Luggage Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Synthetic Leather Luggage Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Synthetic Leather Luggage Demand Share Forecast, 2019-2026
9. North America Synthetic Leather Luggage Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Synthetic Leather Luggage Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Synthetic Leather Luggage Market Size and Volume Forecast by Application
9.4.1. Specialist Retailers
9.4.2. Factory Outlets
9.4.3. Internet Sales
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Synthetic Leather Luggage Market Size and Volume Forecast by Type
9.7.1. By Materials
9.7.2. PVC Synthetic Leather
9.7.3. PU Synthetic Leather
9.7.4. By Product Type
9.7.5. Travel Bags
9.7.6. Casual Bags
9.7.7. Business Bags
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Synthetic Leather Luggage Demand Share Forecast, 2019-2026
10. Latin America Synthetic Leather Luggage Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Synthetic Leather Luggage Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Synthetic Leather Luggage Market Size and Volume Forecast by Application
10.4.1. Specialist Retailers
10.4.2. Factory Outlets
10.4.3. Internet Sales
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Synthetic Leather Luggage Market Size and Volume Forecast by Type
10.7.1. By Materials
10.7.2. PVC Synthetic Leather
10.7.3. PU Synthetic Leather
10.7.4. By Product Type
10.7.5. Travel Bags
10.7.6. Casual Bags
10.7.7. Business Bags
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Synthetic Leather Luggage Demand Share Forecast, 2019-2026
11. Europe Synthetic Leather Luggage Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Synthetic Leather Luggage Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Synthetic Leather Luggage Market Size and Volume Forecast by Application
11.4.1. Specialist Retailers
11.4.2. Factory Outlets
11.4.3. Internet Sales
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Synthetic Leather Luggage Market Size and Volume Forecast by Type
11.7.1. By Materials
11.7.2. PVC Synthetic Leather
11.7.3. PU Synthetic Leather
11.7.4. By Product Type
11.7.5. Travel Bags
11.7.6. Casual Bags
11.7.7. Business Bags
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Synthetic Leather Luggage Demand Share, 2019-2026
12. Asia Pacific Synthetic Leather Luggage Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Synthetic Leather Luggage Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Synthetic Leather Luggage Market Size and Volume Forecast by Application
12.4.1. Specialist Retailers
12.4.2. Factory Outlets
12.4.3. Internet Sales
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Synthetic Leather Luggage Market Size and Volume Forecast by Type
12.7.1. By Materials
12.7.2. PVC Synthetic Leather
12.7.3. PU Synthetic Leather
12.7.4. By Product Type
12.7.5. Travel Bags
12.7.6. Casual Bags
12.7.7. Business Bags
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Synthetic Leather Luggage Demand Share, 2019-2026
13. Middle East & Africa Synthetic Leather Luggage Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Synthetic Leather Luggage Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Synthetic Leather Luggage Market Size and Volume Forecast by Application
13.4.1. Specialist Retailers
13.4.2. Factory Outlets
13.4.3. Internet Sales
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Synthetic Leather Luggage Market Size and Volume Forecast by Type
13.7.1. By Materials
13.7.2. PVC Synthetic Leather
13.7.3. PU Synthetic Leather
13.7.4. By Product Type
13.7.5. Travel Bags
13.7.6. Casual Bags
13.7.7. Business Bags
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Synthetic Leather Luggage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Synthetic Leather Luggage Market: Market Share Analysis
14.2. Synthetic Leather Luggage Distributors and Customers
14.3. Synthetic Leather Luggage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsonite International S.A.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tumi Holdings
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. VIP Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. VF Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Briggs & Riley Travelware
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rimowa GmbH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MCM Worldwide
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Louis Vuitton Malletier S.A.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. IT Luggage
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook