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Global Market Study on Luggage: Travel Bags to Witness Highest Growth by 2020

  • April 2015
  • -
  • Persistence Market Research
  • -
  • 78 pages

Global luggage market includes bags for packaging of personal belongings. The market can be broadly segmented into casual bags, travel bags, and business bags. These segments include several types of luggage (such as spinner bags, suitcases, duffel bags, messenger bags, carry-on bags, expandable bags, and others) to suit various consumer needs. The luggage market can also be segmented on the basis of distribution channels, which broadly include specialist retailers, factory outlets, internet sales channels, and others. Specialist retailers include independent retailers that exclusively sell luggage or related products. Factory outlets are company-owned stores that generally sell products of the respective companies. Internet sales channels are those types of distribution channels that generate orders through the internet (including company’s own internet sales channel and other independent e-commerce channels). The others segment includes supermarkets, hypermarkets, discounters, and small independent retailers.

Increasing urbanization is escalating demand for lifestyle products. To some extent, luggage is also considered as a lifestyle product, especially in developing countries. Earlier, people in developing countries used one luggage for all purposes such as travel, tour, and business. However, owing to growing urbanization and rising disposable income, their lifestyles have changed, which is also reflected in their usage of purpose-based luggage. Asian and African countries are expected to experience highest urban growth in the future. According to the China Development Research Foundation, urban population in China is expected to increase from 52.6% in 2012 to 70% by 2030. Urbanization is growing at a swift pace across Asia Pacific. Pacific countries such as Australia and New Zealand already have high urbanization.

High net-worth individuals (HNWIs) refers to those people with liquid financial assets worth USD 1 million and above. There are several other hierarchies below them which are graded as affluent, and rich depending upon their liquid financial assets. The HNWI population, known for their lavish lifestyle, is increasing globally. This, in turn, is supporting the growth of the luggage market in terms of revenue. HNWIs tend to be more particular about their security and privacy as compared to the general masses. These individuals usually purchase high-end luggage such as those with in-built GPS tracking devices. According to the U.S. Wealth Report 2014 released by Capgemini and RBC Wealth Management in September 2014, the number of HNWIs in the U.S. was 4million in 2013. According to Bain & Company, a global management consulting firm based in the U.S., the number of HNWIs in China was 700,000 in 2013, almost twice as many as that in 2008.

The major players in the global luggage market include Samsonite International S.A., Tumi Holdings, Inc., VIP Industries, VF Corporation, Briggs & Riley Travelware, Rimowa GmbH, MCM Worldwide, Louis Vuitton Malletier S.A., Goyard, and ACE Co, Ltd.

Table Of Contents

Global Market Study on Luggage: Travel Bags to Witness Highest Growth by 2020
Chapter 1 Preface

1.1 Report Description

1.2 Research Methodology

1.3 Assumptions

Chapter 2 Market Synopsis

Chapter 3 Porter's Five Forces Analysis

3.1 Bargaining Power of Suppliers

3.2 Bargaining Power of Buyers

3.3 Threat of Substitutes

3.4 Threat of New Entrants

3.5 Intensity of Rivalry

Chapter 4 Industry Overview

4.1 Market Definition

4.2 Market Drivers

4.2.1 Increasing urbanization and changing lifestyles

4.2.2 Growing interest of people in tourism

4.2.3 Growing number of high net-worth individuals

4.3 Market Restraints

4.3.1 Large unorganized markets in developing countries

4.3.2 Unstable raw material prices

4.4 Opportunities

4.4.1 Emerging technologies in the luggage industry are expected to fuel market growth

4.5 Market Trends

4.5.1 Increasing demand for ultra-light weight luggage

Chapter 5 Market Size and Forecast, by Product

5.1 Luggage Market Size and Forecast, by Product

5.1.1 Casual bags

5.1.2 Travel bags

5.1.3 Business bags

5.2 Price Point Analysis

Chapter 6 Market Size and Forecast, by Distribution Channel

6.1 Luggage Market Size and Forecast, by Distribution Channel

6.1.1 Specialist retailers

6.1.2 Factory outlets

6.1.3 Internet Sales

6.1.4 Others

Chapter 7 Market Size and Forecast, by Geography

7.1 North America

7.1.1 The U.S.

7.1.1.1 Market overview

7.1.2 Canada

7.1.2.1 Market overview

7.2 Europe

7.2.1 Germany

7.2.1.1 Market overview

7.2.2 Italy

7.2.2.1 Market overview

7.2.3 France

7.2.3.1 Market overview

7.3 Asia Pacific

7.3.1 Japan

7.3.1.1 Market overview

7.3.2 China

7.3.2.1 Market overview

7.3.3 India

7.3.3.1 Market overview

7.4 Rest of the World (RoW)

7.4.1 Brazil

7.4.1.1 Market overview

Chapter 8 Competitive Scenario

8.1 Market Share Analysis

8.2 Competitive Benchmarking

Chapter 9 Company Profiles

9.1 Samsonite International S.A.

9.1.1 Company overview

9.1.2 Products and services

9.1.3 Financial performance

9.1.4 Recent developments

9.2 Tumi Holdings, Inc.

9.2.1 Company overview

9.2.2 Products and services

9.2.3 Financial performance

9.2.4 Recent developments

9.3 VIP Industries Ltd.

9.3.1 Company overview

9.3.2 Products and services

9.3.3 Financial performance

9.3.4 Recent developments

9.4 VF Corporation

9.4.1 Company overview

9.4.2 Products and services

9.4.3 Financial performance

9.4.4 Recent developments

9.5 Briggs and Riley Travelware

9.5.1 Company overview

9.5.2 Products and services

9.5.3 Financial performance

9.5.4 Recent development

9.6 Rimowa GmbH

9.6.1 Company overview

9.6.2 Products and services

9.6.3 Financial performance

9.6.4 Recent developments

9.7 MCM Worldwide

9.7.1 Company overview

9.7.2 Product and services

9.7.3 Financial performance

9.7.4 Recent developments

9.8 Louis Vuitton Malletier S.A.

9.8.1 Company overview

9.8.2 Products and services

9.8.3 Financial performance

9.8.4 Recent developments

9.9 Goyard

9.9.1 Company overview

9.9.2 Products and services

9.9.3 Financial performance

9.9.4 Recent developments

9.10 ACE Co., Ltd.

9.10.1 Company overview

9.10.2 Products and services

9.10.3 Financial performance

9.10.4 Recent developments

List of Tables

TABLE 1 Snapshot: Global market for luggage, 2013 and 2020

TABLE 2 Impact analysis of market drivers

TABLE 3 Impact analysis of market restraints

TABLE 4 Global luggage market size, by product, 2010 - 2013 (USD billion)

TABLE 5 Global luggage market size, by product, 2014 - 2020 (USD billion)

TABLE 6 Average selling price, by region, 2014 (USD)

TABLE 7 Global luggage market size, by distribution channel, 2010 - 2013 (USD billion)

TABLE 8 Global luggage market size, by distribution channel, 2014 - 2020 (USD billion)

TABLE 9 Global luggage market size, by region, 2010 - 2013 (USD billion)

TABLE 10 Global luggage market size, by region, 2014 ? 2020 (USD billion)

TABLE 11 North American luggage market size, by country, 2010 - 2013 (USD billion)

TABLE 12 North American luggage market size, by country, 2014 - 2020 (USD billion)

TABLE 13 North American luggage market size, by product, 2010 - 2013 (USD billion)

TABLE 14 North American luggage market size, by product, 2014 - 2020 (USD billion)

TABLE 15 North American luggage market size, by distribution channel, 2010 - 2013 (USD billion)

TABLE 16 North American luggage market size, by distribution channel, 2014 - 2020 (USD billion

TABLE 17 European luggage market size, by country, 2010 - 2013 (USD billion)

TABLE 18 European luggage market size, by country, 2014 - 2020 (USD billion)

TABLE 19 European luggage market size, by product, 2010 - 2013 (USD billion)

TABLE 20 European luggage market size, by product, 2014 - 2020 (USD billion)

TABLE 21 European luggage market size, by distribution channel, 2010 - 2013 (USD billion)

TABLE 22 European luggage market size, by distribution channel, 2014 - 2020 (USD billion)

TABLE 23 Asia Pacific luggage market size, by country, 2010 - 2013 (USD billion)

TABLE 24 Asia Pacific luggage market size, by country, 2014 - 2020 (USD billion)

TABLE 25 Asia Pacific luggage market size, by product, 2010 - 2013 (USD billion)

TABLE 26 Asia Pacific luggage market size, by product, 2014 - 2020 (USD billion)

TABLE 27 Asia Pacific luggage market size, by distribution channel, 2010 - 2013 (USD billion)

TABLE 28 Asia Pacific luggage market size, by distribution channel, 2014 - 2020 (USD billion)

TABLE 29 RoW luggage market size, by country, 2010 - 2013 (USD billion)

TABLE 30 Row luggage market size, by country, 2014 - 2020 (USD billion)

TABLE 31 Row luggage market size, by product, 2010 - 2013 (USD billion)

TABLE 32 RoW luggage market size, by product, 2014 - 2020 (USD billion)

TABLE 33 RoW luggage market size, by distribution channel, 2010 - 2013 (USD billion)

TABLE 34 RoW luggage market size, by distribution channel, 2014 - 2020 (USD billion)

TABLE 35 Products of Samsonite International S.A.

TABLE 36 Products of Tumi Holdings, Inc.

TABLE 37 Products and services of VIP Industries Ltd.

TABLE 38 Products of VF Corporation

TABLE 39 Products of Briggs and Riley Travelware

TABLE 40 Products and services of Rimowa GmbH

TABLE 41 Products of MCM

TABLE 42 Products of Goyard

List of Figures

FIG. 1 Luggage market: Porter's five forces analysis

FIG. 2 Urbanization in Asia-Pacific across sub-regions, 2010 and 2020

FIG. 3 International tourist arrivals in million, 2010 - 2012

FIG. 4 Global colored high-density polyethylene (HDPE) price trend, July 2013 - October 2014 (cents/pound)

FIG. 5 Global aluminum price trend, March 2014 - February 2015 (USD/lb)

FIG. 6 Global luggage market share by value, by region, 2013 and 2020

FIG. 7 Global market share by company by value, 2013

FIG. 8 Competitive mapping of product segments across global regions

FIG. 9 Net sales and profit of Samsonite International S.A., 2011 ? 2013 (USD million)

FIG. 10 Net sales and net income of Tumi Holdings, Inc., 2012 ? 2014 (USD million)

FIG. 11 Revenue and profit of VIP Industries Ltd., 2011 ? 2013 (USD million)

FIG. 12 Revenue and net income of VF Corporation, 2012 ? 2014 (USD billion)

FIG. 13 Revenue and net profit of Louis Vuitton S.A., 2012 ? 2014 (USD billion)

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