Global Business Travel Luggage Market Overview:
Business luggage is a form of luggage that is often a slightly flat, rectangular bag with slightly rounded square corners, either made of metal, hard plastic, or made of fabric, vinyl, or leather, which more or less keeps its shape. Vinyl, leather, or fabric luggage can have a metal bracket that has a carry handle on one side that is normally designed for smooth carrying, and some luggage can and does have wheels and/or telescopic brackets or chains to facilitate movement mainly used for shipping clothes, toiletries and other small items while traveling. Hard cases open on joints like a door. It can be locked with keys or a combination lock.
- Surge In Traveling Due to Business Is Driving the Demand for Business Travel Luggage
- Changing Lifestyles, Growing Urbanization and Increasing Business Activities Globally
- Increasing Demand For Innovative Is Useful, Known For Style and Usability of Business Travel Luggage
- Market Players are Now Manufacturing Smart Travel Luggage Which Is Equipped with GPS Tracker, USB Port
- Adoption of Online Platform for Sales by Various Vendors
- Availability of Substitute in Raw Materials
- High Cost of Raw Material
- Growth in High-Net-Worth-Individuals Worldwide
- Business Travel Luggage Size, Dimensions, and Weight Are Also A Critical Determinants
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Samsonite (Hong Kong), VIP Industries (India), Adidas (Germany), VF Corporation (United States), Delsey (France), Briggs & Riley (United States), Rimowa (Germany), Travelpro Products, Inc. (United States), Tommy Hilfiger (Netherlands), Victorinox (Switzerland), Olympia (India), Fox Luggage, Inc. (United States), Skyway (Russia) and Travelerís Choice (United States). Additionally, following companies can also be profiled that are part of our coverage like ACE Hardware (United States), Diplomat Bags (India) and Eminent Inc. (Taiwan). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Business Travel Luggage market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Specialist Retailers will boost the Business Travel Luggage market. Considering Market by Material Type, the sub-segment i.e. Polycarbonate will boost the Business Travel Luggage market. Considering Market by Number of Wheels, the sub-segment i.e. 2-Wheels will boost the Business Travel Luggage market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Business Travel Luggage market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Business Travel Luggage market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Business Travel Luggage, Suppliers and Distributors of Business Travel Luggage, End-Users, Potential Investors, Market Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.