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Travel and Business Bags Market in China 2015-2019

Travel and Business Bags Sector: Forecast until 2019 in China

  • July 2015
  • 115 pages
  • ID: 3112474
In this report:
In 2014, the total spending on travel and tourism worldwide was valued at $##,##.## billion, with a growth rate of ##.##% between 2013 and 2014.
Retail sales of consumer goods in China grew by ##% at a nominal growth rate to reach $##.## trillion in 2014.
The number of Internet users accounted for about ##% of China's total population in 2013, which is expected to increase to ##-##% of the total population by the end of 2014, of this, the total number of online shoppers were more than ## million in 2014, i.e., ##-##% of total Internet users.


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About Travel and Business Bags Market in China

A rise in demand for trolley bags, as a consequence of increased travel and tourism activities, and the growing number of business travellers are driving the travel and business bags sector in China (CN). Quick urbanization has contributed to improved living standard in China (CN), resulting in consumers increasingly opting for stylish, and important bags for their travels.

The Chinese luggage sector has undergone meaningful changes in terms of development and innovation in products in the final 20 years and more. Despite being the most important manufacturing hub of travel and business bags, it is still not the leading sector in the globe. This is primarily because most of the companies here have not received enough overall exposure or investment on a big scale, which restricted their overall reach. Nevertheless, the changing political, economic, and social environment, and the increasing e-commerce market will propel increase in China (CN), making it a recognized sector globally.

The travel and business bags sector in China (CN) can be broken down into four segments: Duffle bags, trolley bags and suitcases, backpacks, and business bags. The trolley bags and suitcase was the biggest segment in terms of revenue and volume accounting for a market share of ~39.6 percent and ~35.1 percent, respectively.

Research firm predicts that the travel and business bags sector in China (CN) will increase at a compound annual growth rate (CAGR) of ~11.5 percent and ~9.1 percent, in revenue and quantity respectively, during 2014-2019.

What is the scope of this report?

The Technavio report, Travel and Business Bags Sector in China (CN) 2015-2019, is established on a comprehensive market analysis, with inputs from market experts. It includes the growth perspectives of the sector in the outlook period. The market research also comprises a discussion of the main vendors operating in the sector.

Main vendors

Other main sellers

Market force

- Growth in Tourism Activities

- For a full, in-depth list, view our market report

Market opportunity

- Increase in Competition from Local Brands and Counterfeit Products

- For a full, exhaustive list, view our market report

Market forecast

- Smart Luggage

- For a full, in-depth list, view our market report

What are the main questions answered?

- What will both market value and growth rate be in 2019?

- What are the key market forecasts?

- What is driving this sector?

- What are the conditions to market growth?

- Who are the main sellers in this market environment?

- What are the opportunities in this industry and segment risks faced by the main vendors?

- What are the forces and weaknesses of the main vendors?

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