MARKET OVERVIEW
1.1 Presentation and definition of the market
The luggage market includes all travel items and accessories. A number of criterions can be used to segment the market into several categories, amongst them the following:
- Segmentation by size;
- Segmentation by price;
- Segmentation by type of luggage.
Worldwide, the top five markets in terms of market value continue to show positive developments, with North America as the largest market and Asia Pacific the fastest growing region. The sector remains strongly correlated to purchasing motivations, such as leisure and business trips. In other words, the increase in the tourism industry, along with the rising number of business trips, are much likely to positively impact the growth of this market, which is furthermore characterized by a moderate fragmentation. The sector is composed of a large number of regional and international manufacturers such as Adidas AG, Louis Vuitton, Samsonite, VIP or Nike. New preferences in the demand - and especially high-end luggage- are forcing these actors to adapt their offer every day. In this context, the Indian luggage market has become highly competitive, where consolidated brands like VIP are competing with newcomers such as Da Milano. [Mordor Intelligence]
The consistent growth of the Portuguese economy in the past decade is not only boosting business in the country (attracting more business travelers), it also enhances the overall disposable income, which allows its citizens to travel more. These two factors, together with the tourism boom of the recent years made the annual number of passengers in transit in the 3 main airports of the country grow by more than 46% in the last 10 years. [PORDATA] As a consequence, Portuguese are buying more and more luggage, while visitors are also increasing their spending on “made in Portugal” bags, especially models made out of lather and cork. [Jornal de Negócios]
DEMAND ANALYSIS
MARKET STRUCTURE
ANALYSIS OF THE OFFER
REGULATIONS
POSITIONING OF THE PLAYERS
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Reviews (5)
The costume jewelry market - France
Publicado en 07/11/2022 by Philippe PETROU - MYTIKAS
Très bien fait.
Businesscoot Response:
Merci Philippe pour votre retour et pour la confiance accordée. :)
The children's clothing market - France
Publicado en 29/10/2022 by Amina Mellal
J'adore vos études, je les trouve très complète et toutes les sources sont toujours citées.
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The men's ready-to-wear market - France
Publicado en 29/10/2022 by Client Anonyme
Très complet!
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The baby clothing market - France
Publicado en 07/09/2022 by Dan
I found this study to be very complete yet concise. It gives the main trends of the market and does not limit itself to "basic" figures such as sales figures, but also deals with pricing strategies and trends according to the positioning of the players. It's a study that has really served me well and that deals with marketing, the regulatory side, the offer, the competition and the pricing. Bravo!
Businesscoot Response:
Thank you Dan !
The sportswear market - France
Publicado en 08/08/2022 by Domaine Saint Roch - Domaine Saint Roch
Operational