What is Leather Luggage and Suitcases?
Leather is a strong, bendy and long lasting cloth acquired from the tanning, or chemical treatment, of animal skins and hides to stop decay. The most frequent leathers come from cattle, sheep, goats, equine animals, buffalo, pigs and hogs, and aquatic animals such as seals and alligators. Leather suitcases had been made of wood, steel and waxed leather. Strength and resilience of leather-based makes it extraordinarily realistic to use, no longer solely for luggage, however additionally for an daily bag. Leather luggage provide safety of objects and are positive to closing a lengthy time – actual leather-based is a hard and long lasting material, with lots of character, which improves over time and can final decades.
The market study is broken down by Type (Business Bags, Casual Bags and Travel Bags) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Leather Luggage and Suitcases market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coach (United States), Samsonite International (Hong Kong), Hermes International (France), Louis Vuitton (France), VIP Industries (India), Johnston and Murphy (United States), Prada (Italy), Delsey (France), Christian Dior (France) and American Leather (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Aero Leather Clothing (United Kingdom), Timberland (United States), LVMH Moët Hennessy (United States) and Knoll (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Leather Luggage and Suitcases market by Type, Application and Region.
On the basis of geography, the market of Leather Luggage and Suitcases has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Luggage Size, the sub-segment i.e. Large will boost the Leather Luggage and Suitcases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wheels, the sub-segment i.e. Spinner 4 Wheels will boost the Leather Luggage and Suitcases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Water Resistance , the sub-segment i.e. Waterproof will boost the Leather Luggage and Suitcases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Body, the sub-segment i.e. Hard Body will boost the Leather Luggage and Suitcases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Lock, the sub-segment i.e. Butterfly Lock will boost the Leather Luggage and Suitcases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, Samsonite International S.A. a leader in the global lifestyle bag industry and the world's best-known and largest travel luggage company, announced the establishment of a brand development and sourcing hub in Singapore as part of a global restructuring initiative to enhance alignment of the Company's product development, brand management and supply chain operations across Asia. The establishment of the brand development and sourcing hub builds on Samsonite's 25-year history in Singapore.
Market Trend
- Changing Life Style and Fashion Trends
Market Drivers
- Growing Domestic & International Tourism
- Increased Awareness about Branded Products
Opportunities
- Leather Product can last a Lifetime
Restraints
- High Cost Associated with Leather
- Poor Breathability
Challenges
- Choosing to buy from Sustainable and Eco-friendly Luggage Brands
Key Target Audience
Manufacturers of Leather Material, Suppliers, Distributors and Retailers of Leather Material, Raw Material Suppliers, Importer/Exporter, Venture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.