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Travel and Business Bags Market in Russia 2015-2019

Travel and Business Bags Sector: Forecast until 2019 in Russia

  • August 2015
  • 98 pages
  • ID: 3200311
In this report:
In 2014, the total spending on travel and tourism worldwide was valued at $##,##.## billion, with a growth of ##.##% between 2013 and 2014.
The Russian middle class is undergoing tremendous growth and is expected to represent ##% of the total population by 2019, with spending power expected to reach $##.## trillion, a substantial increase of ##% compared to 2010.


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About Travel and Business Bags Market in Russia

The travel and business bags sector in Russia is anticipated to grow consistently during 2015-2019, owing to an increase in travel and tourism activities and the growing number of business travelers in the area. The surge in travel traffic has rised the sales of the travel and business bags. Quick urbanization has also contributed to improved standard of living, resulting in consumers increasingly opting for stylish, and big bags for their travels. The changing political, economic, and social environment, and the increasing e-commerce market will propel increase in Russia, making it a recognized sector globally.

The travel and business bags sector in the USA has five segments: Duffle bags, trolley bags and suitcases, backpacks, and business bags. Trolley bags and suitcases segment controled the industry with ~46.1 percent and ~39.4 percent, in terms of revenue and quantity, respectively.

Analysts estimation the travel and business bags sector in Russia to grow at a compound annual growth rate (CAGR) of ~4.3 percent and ~3.7 percent, in terms of revenue and quantity, respectively, during 2014-2019.

What is the scope of this report?

The Technavio report, namely Travel and Business Bags Sector in Russia 2015-2019, is established on a comprehensive market analysis, with inputs from market experts. It also encloses the market landscape in Russia and its growth expectations in the upcoming years. The market research includes the key sellers operating in the sector.

Main vendors

Other main sellers

Market force

- Rise in Middle-class Expenses

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

Market opportunity

- Increase in Competition from Local Brands and Counterfeit Products

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

Market forecast

- Smart Luggage

- For a full and 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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