Global Premium Luggage Bags Market Overview:
Long journeys, rough terrains, and frequent mishandling are all challenges for luggage bags. As a result, they want materials and designs that make travel bags robust, adaptable, and sturdy, as well as effective security against unauthorized unlocking and theft. In recent years, baggage bags have also become a representation of their owners' socioeconomic status, necessitating a focus on their stylistic characteristics and resulting in a thriving premium luggage bag sector. In recent years, premium baggage bag trends have leaned toward boosting product safety, including integrating technologies that make locks more difficult to crack. In the meantime, stylistic and design elements have tended to restore an old-world feel to products, resulting in the return of earthy colors and angular forms. In recent years, premium baggage bag trends have leaned toward boosting product safety, including integrating technologies that make locks more difficult to crack. In the meantime, stylistic and design elements have tended to restore an old-world feel to products, resulting in the return of earthy colors and angular forms. The need for travel bags has increased as travel and tourism have increased. In addition, the worldwide premium travel bag market is likely to be propelled by urbanisation, lifestyle changes, and demand for novel products such as polycarbonated baggage.
- Growth in global travel & tourism industry
- A rise in Disposable Income
- Development of Smart &Light Weight Travel Bags
- Increasing Fashion Consciousness Among the Elite, Upper Middle and Middle-Class Segments
- Several Players in the Market
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Globe Trotter (United Kingdom), Away (United States), Lacoste (France), Nike (United States), Adidas (Germany), Delsey (France), Samsonite’s American Tourister (United States), VF Corporation(United States), Etienne Aigner AG (United States) and Rimowa GmbH (Germany). Additionally, following companies can also be profiled that are part of our coverage like ACE Luggage Co. Ltd (Japan) and Travelpro Products, Inc (United States). Analyst at AMA Research see European Vendors to retain maximum share of Global Premium Luggage Bags market by 2026. Considering Market by Strap Type, the sub-segment i.e. Single Handle will boost the Premium Luggage Bags market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Premium Luggage Bags market. Considering Market by Material Type, the sub-segment i.e. Leather will boost the Premium Luggage Bags market.
December 2020 – Away has launched its newly expanded holiday collection with the launch of its brand new core travel collection just in time for the holidays. The new product offering includes three new backpack styles in a range of colors, a nylon-and-leather zip tote bag, a laptop bag, and a messenger bag, all the products are made of water-resistant materials, with a little space for water bottles and special organizational pockets for tech necessities like computer or tablet.
What Can be Explored with the Premium Luggage Bags Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Premium Luggage Bags Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Premium Luggage Bags
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Premium Luggage Bags 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 Premium Luggage Bags 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 Premium Luggage Bags, Suppliers of Premium Luggage Bags, Wholesalers, Distributors and Retailers of Premium Luggage Bags, Raw Material Providers 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.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Premium Luggage Bags Market?
The Premium Luggage Bags market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Premium Luggage Bags Market?
Top performing companies in the Global Premium Luggage Bags market are Globe Trotter (United Kingdom), Away (United States), Lacoste (France), Nike (United States), Adidas (Germany), Delsey (France), Samsonite’s American Tourister (United States), VF Corporation(United States), Etienne Aigner AG (United States) and Rimowa GmbH (Germany), to name a few.
3. What trending factors would impact Premium Luggage Bags Market growth most?
"Increasing Penetration of Internet" is seen as one of major influencing trends for Premium Luggage Bags Market during projected period 2020-2026.