Travel Bag Market Definition
Travel bags are a small suitcase to carry clothing and accessories for a weekend trip. Travel bags constitute a wide variety of luggage bags ranging in size, shape, capacity and style. There are different types of travel bags including travel totes, duffel bags, weekenders, wheeled backpacks, rolling luggage and travel packs.
The market study is broken down and major geographies with country level splits.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Travel Bag market throughout the predicted period.
VIP Industries Ltd (India), VF Corporation (United States), Briggs & Riley Travelware (United States), MCM Worldwide (Germany), Samsonite International S.A. (Hong Kong), RIMOWA (Germany), Louis Vuitton (France), Delsey (France), Hermes (United States) and Tumi Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Travelpro Products, Inc. (Canada) and Zhejiang Jinluda Leather Co., Ltd. (China).
AdvanceMarketAnalytics has segmented the market of Global Travel Bag market by Type, Application and Region.
On the basis of geography, the market of Travel Bag 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 Type, the sub-segment i.e. Duffle will boost the Travel Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarket will boost the Travel Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Price Range, the sub-segment i.e. Premium will boost the Travel Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Hard Side will boost the Travel Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand for Innovative Products
- Increased Disposable Income of the People
- Increased Urbanization and Changes in Lifestyle
- Growth in the Travel and Tourism Industry
- Increasing Demand from End-users
- Fluctuations in the Raw Material Prices
- Availability of Low-Quality Products in Cheaper Rates
Key Target AudienceTravel Bags Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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