Global Luggage Market Report: 2014 Edition - New Report by Koncept Analytics

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   Global Luggage Market ----------------------------------------------------- 2014 View Report Details   Executive Summary The worldwide luggage market includes a wide range of products that vary in quality and prices. Premium luggage bags are costly, high quality, full-featured products and have selective distribution. In addition, there is a broad middle market in which products are differentiated by features, brand name and price. Both organized and unorganized players operate in this segment. Within this market, sales are largest at mid and low product price levels. Product differentiation decreases and breadth of distribution increases at lower price levels. At the lower end of the luggage market, unbranded or private label products with few differentiating features are sold in significant volumes and at low margins, competing primarily on the basis of price. Further, the report states that the increasing competition from local brands and counterfeit products is one of the main challenges hindering the growth of the market. This competition has led to market fragmentation, which has, in turn, resulted in several issues such as lack of price standardization, an uneven competitive scenario and market share erosion. The key factors driving growth of the global luggage industry include rising global economy, increasingly improving travel and tourism industry, escalating disposable income, increasing urban population and accelerating market and promotional efforts. Some of the noteworthy developments of this industry include changing product trend, increasing demand of ultra-light weight materials made up of polycarbonate resins, new innovations and increasing contribution of travel and tourism, which includes luggage market as well, in the global economy. However, the growth of luggage industry is hindered by the adverse economic conditions, acts of counterfeiting and trade restrictions. This report offers a comprehensive analysis of the worldwide luggage market, along with an in-depth study of the regional markets including the US, China, India and Japan. The competition in the respective market is intense with few large players viz Samsonite, VF Corporation, Tumi Holdings and VIP Industries, among others. The competitive landscape of the global luggage markets, along with the company profiles of the leading players are also discussed in detail. By combining SPSS Inc. ’s  data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. View Report Details   The global luggage market can be categorized into three product groups; namely travel bags segment, business bags segment, and casual bags segment. ã  For the period spanning 2009-2013, the export value (in current prices) of HS group 4202 grew at a CAGR of … %. HS (Harmonized System) group 4202 consists of suit cases, camera cases, handbags and others. The same accounted for US$.... billion, up by … .%, compared to US$.... billion in the previous year. Global import increased from US$.... billion in 2012 to US$..... billion in 2013. Many markets like the US, the EU, Japan, South Korea and Canada restrict the import of bags containing leather. These prohibitions significantly affected the global import trend. ã  Casual bags held the largest share and accounted for … % of the total luggage industry in 2013. it was immediately followed by Travel bags with … % of share. Business bags accounted for … % share in the cited period. Breakdown of Global Luggage Retail Sales by Segments (2013E) Global Exports of Travel Goods (2009-2013) Global Imports of Travel Goods (2009-2013) 20092010201120122013    U   S   $   B   i   l   l   i  o  n         2        0        0        9        2        0        1        0        2        0        1        1        2        0        1        2        2        0        1        3    U   S   $   B   i   l   l   i  o  n Casual BagsTravel BagsBusiness Bags  Some of the noteworthy developments of luggage industry include increasing demand of ultra-light weight materials and increasing contribution of the respective market in the global economy. ã  Most of the travel goods sold in the US are imported. The total import value of travel goods increased from US$... billion in 2012 to US$... billion in 2013. ã  India is one of the major luggage markets across the world. Indian luggage market was estimated to be US$... million in 2013, down by … .%, compared to US$.... million in the prior year. However, in terms of local currency, the same registered an incline of … %. ã  The largest share in the US travel goods market is of travel/sports bags, which held … % share of revenue in 2013, followed by handbags with … % share. Leather goods and luggage constitutes other important types of travel goods, with … % and … % respective share of revenue in the cited year. The US Travel Goods Market Breakdown by Value (2013) Indian Luggage Market Value (2008-2013) Import Value of Travel Goods in the US (2009-2013) 20092010201120122013    U   S   $   B   i   l   l   i  o  n LuggageBusiness Cases/Computer BagsTravel/Sports BagsHandbagsPersonal Leather GoodsBackpacksLuggage Locks 200820092010201120122013    U   S   $   M   i   l   l   i  o  n


Jul 23, 2017
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