Global Luggage Market: Asia-Pacific is Expected to Witness the Fastest Growth During 2015 - 2020 by P&S Market Research

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Explore Detailed TOC and Scope of The Report on"Global Luggage Market" at: https://www.psmarketresearch.com/market-analysis/luggage-market

The product category of luggage market includes casual bags, travel bags, and business bags. The distribution channels include specialist retailers, factory outlets, and internet sales. Travel bags accounts for a fair share in North America, Europe, and Rest of the World. Amongst the distribution channels, the specialist retailer segment account for a fair share in the global luggage market. Evolving technologies in the luggage industry are expected to boost the market growth, in the forecast period. Due to growing disposable income and increasing urbanization, the lifestyle of people has changed, and the demand of purpose-based luggage has up surged. The African and Asian countries are anticipated to experience highest urban growth in the forecast period. According to the China Development Research Foundation, China's urban population is expected to increase from 52.6% in 2012, to 70% by 2030.

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Specialist retailers comprise independent retailers that solely sell luggage and related products. Asia Pacific leads the luggage sales from specialist retailers with 50.1% share in 2014. In 2012, bags, wallets, and purses were the most preferred products in the Japanese luggage market. Luggage is sold through several types of distribution channels such as factory outlets, specialist retailers, hypermarkets, supermarkets, and internet sales. Due to the boom in online commerce, the internet sales of luggage have been growing at a considerable pace.

The younger generation, including students and sportsmen, mostly use casual bags. Number of students pursuing higher education is increasing, which in turn, is boosting the demand for casual bags. China, India, South Korea, Germany, Turkey, and France are the major countries, which involve high adoption of tertiary education. Annual per capita disposable income of urban households in China increased from USD 2,818.6 in 2010, to USD 4,692.9 in 2014, according to the National Bureau of Statistics of China.

LUGGAGE MARKET SEGMENTATION 

Luggage by Product 

Luggage by Distribution Channel 

GEOGRAPHICAL SEGMENTATION 

Luggage Market by Region 

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