Market Overview:
The global business luggage bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for business luggage bags from specialist retailers, hypermarkets, and e-commerce channels across the globe. Additionally, rising disposable income and growing tourism industry are also fuelling the demand for business luggage bags globally. Based on type, the global market is segmented into less than 20 inches, 20-28 inches, and above 28 inches segments. The less than 20 inches segment is projected to register highest CAGR during the forecast period owing to its low price point and increasing demand from budget-conscious consumers. By application, specialist retailers held majority of share in 2017 and is expected to maintain its dominance during the forecast period as well.
Product Definition:
Business luggage bags are special types of bags that are designed for carrying business documents and other items. They are typically made from high-quality materials and have a number of features that make them ideal for this purpose. For example, they may include compartments for organizing documents and other items, as well as straps or handles that make them easy to carry. Business luggage bags can be very important for businesses, as they can help to keep important documents and other items safe and organized.
Less than 20 Inches:
The less than 20 inches segment is expected to grow at a CAGR of XX% from 2017 to 2024. The growth can be attributed to the growing demand for this segment due to its suitability in storing a limited number of goods, such as clothing and toiletries, while traveling by air ortrain.
Due to the nature of business luggage bags' construction, they are made up of light-weight fabric materials including nylon.
20-28 Inches:
The 20-28 inches segment is expected to witness significant growth in the business luggage bags market owing to its features including durability, strength, wheels & Tyres size and material used for manufacturing. The current trend of using lightweight materials for manufacturing the product is also expected to drive the demand over the forecast period.
The industry has been witnessing an increasing demand from end users which include corporate companies as well as individual travelers who require durable.
Application Insights:
The others application segment accounted for the largest revenue share of over 30% in 2017. The segment includes travel agencies, online travel retailers and airlines. Travel agencies are expected to be the fastest-growing application segment owing to increasing air travelers from developing countries such as China, India and Brazil. Specialized retail stores are also estimated to witness significant growth during the forecast period due to rising demand for luxury goods among consumers globally.
Specialist retailers have been increasingly adopting e-commerce platforms for their sales operations globally as it offers them several advantages including inventory management, ease of access to a huge customer base worldwide through internet accessibility coupled with low cost production and distribution which is likely drive industry growth further during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for premium and designer business luggage bags from airlines and airports across the U.S., Canada, and Mexico.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to growing middle-class population especially in China.
Growth Factors:
- Increasing demand for business travel: The global business travel market is expected to grow at a CAGR of 6.8% from 2016 to 2020, reaching a value of ,409.8 billion by 2020. This growth can be attributed to the increasing number of businesses and the rise in globalization.
- Proliferation of start-ups: A large number of start-ups are being launched every day, which is resulting in an increase in the demand for business luggage bags as these startups require employees who are able to travel frequently for work purposes.
- Rise in disposable income: The rise in disposable income has led to an increase in spending on luxury items such as designer luggage bags, thereby contributing to the growth of the market for business luggage bags.
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Luggage Bags Market Research Report
By Type
Less than 20 Inches, 20-28 Inches, Above 28 Inches
By Application
Specialist Retailers, Hypermarkets, E-Commerce, Others
By Companies
Samsonite, VIP Industries, VF Corporation, Delsey, Briggs & Riley, Rimowa, Travelpro, Tommy Hilfiger, Victorinox, Olympia, Samsonite, Skyway, Traveler’s Choice, ACE, Diplomat, EMINENT
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Business Luggage Bags Market Report Segments:
The global Business Luggage Bags market is segmented on the basis of:
Types
Less than 20 Inches, 20-28 Inches, Above 28 Inches
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, Hypermarkets, E-Commerce, Others
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
- VIP Industries
- VF Corporation
- Delsey
- Briggs & Riley
- Rimowa
- Travelpro
- Tommy Hilfiger
- Victorinox
- Olympia
- Samsonite
- Skyway
- Traveler’s Choice
- ACE
- Diplomat
- EMINENT
Highlights of The Business Luggage Bags 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:
- Less than 20 Inches
- 20-28 Inches
- Above 28 Inches
- By Application:
- Specialist Retailers
- Hypermarkets
- E-Commerce
- Others
- 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 Business Luggage Bags 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
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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?
Business luggage bags are designed to protect your belongings while you're on the go. They come in a variety of styles and sizes, and can be used for both business travel and regular errands.
Some of the major companies in the business luggage bags market are Samsonite, VIP Industries, VF Corporation, Delsey, Briggs & Riley, Rimowa, Travelpro, Tommy Hilfiger, Victorinox, Olympia, Samsonite, Skyway, Traveler’s Choice, ACE, Diplomat, EMINENT.
The business luggage bags market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Luggage Bags Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Luggage Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Luggage Bags Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Luggage Bags Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Luggage Bags Market Size & Forecast, 2018-2028
4.5.1 Business Luggage Bags Market Size and Y-o-Y Growth
4.5.2 Business Luggage Bags Market Absolute $ Opportunity
Chapter 5 Global Business Luggage Bags Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Luggage Bags Market Size Forecast by Type
5.2.1 Less than 20 Inches
5.2.2 20-28 Inches
5.2.3 Above 28 Inches
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Luggage Bags Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Luggage Bags Market Size Forecast by Applications
6.2.1 Specialist Retailers
6.2.2 Hypermarkets
6.2.3 E-Commerce
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Luggage Bags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Luggage Bags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Luggage Bags Analysis and Forecast
9.1 Introduction
9.2 North America Business Luggage Bags Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Luggage Bags Market Size Forecast by Type
9.6.1 Less than 20 Inches
9.6.2 20-28 Inches
9.6.3 Above 28 Inches
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Luggage Bags Market Size Forecast by Applications
9.10.1 Specialist Retailers
9.10.2 Hypermarkets
9.10.3 E-Commerce
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Luggage Bags Analysis and Forecast
10.1 Introduction
10.2 Europe Business Luggage Bags Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Luggage Bags Market Size Forecast by Type
10.6.1 Less than 20 Inches
10.6.2 20-28 Inches
10.6.3 Above 28 Inches
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Luggage Bags Market Size Forecast by Applications
10.10.1 Specialist Retailers
10.10.2 Hypermarkets
10.10.3 E-Commerce
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Luggage Bags Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Luggage Bags Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Luggage Bags Market Size Forecast by Type
11.6.1 Less than 20 Inches
11.6.2 20-28 Inches
11.6.3 Above 28 Inches
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Luggage Bags Market Size Forecast by Applications
11.10.1 Specialist Retailers
11.10.2 Hypermarkets
11.10.3 E-Commerce
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Luggage Bags Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Luggage Bags Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Luggage Bags Market Size Forecast by Type
12.6.1 Less than 20 Inches
12.6.2 20-28 Inches
12.6.3 Above 28 Inches
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Luggage Bags Market Size Forecast by Applications
12.10.1 Specialist Retailers
12.10.2 Hypermarkets
12.10.3 E-Commerce
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Luggage Bags Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Luggage Bags Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Luggage Bags Market Size Forecast by Type
13.6.1 Less than 20 Inches
13.6.2 20-28 Inches
13.6.3 Above 28 Inches
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Luggage Bags Market Size Forecast by Applications
13.10.1 Specialist Retailers
13.10.2 Hypermarkets
13.10.3 E-Commerce
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Luggage Bags Market: Competitive Dashboard
14.2 Global Business Luggage Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsonite
14.3.2 VIP Industries
14.3.3 VF Corporation
14.3.4 Delsey
14.3.5 Briggs & Riley
14.3.6 Rimowa
14.3.7 Travelpro
14.3.8 Tommy Hilfiger
14.3.9 Victorinox
14.3.10 Olympia
14.3.11 Samsonite
14.3.12 Skyway
14.3.13 Traveler’s Choice
14.3.14 ACE
14.3.15 Diplomat
14.3.16 EMINENT
