What is Travel Bag?
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. Increased Disposable Income of the People, Increased Urbanization and Changes in Lifestyle and Rise in the Marketing and Promotional Activities by Manufacturers are the key factors driving the global travel bag market. However, the High Demand for Innovative Products and an Increasing Number of Online Customers also fueling the market growth. Availability of Low-Quality Products in Cheaper Rates is a restraining factor for market growth.
The market study is broken down and major geographies with country level break-up.
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 a competitive advantage through combined collaborations. Research Analyst at AMA estimates that Vendors from United States 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 coverage 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.
In November 2020, VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, and Supreme, a privately-owned global streetwear brand, have jointly announced that they have signed a definitive merger agreement. Current investors, The Carlyle Group and Goode Partners are selling their stakes in the Supreme brand.
- High Demand for Innovative Products
- Increasing Number of Online Customers
- Increased Disposable Income of the People
- Increased Urbanization and Changes in Lifestyle
- Rise in the Marketing and Promotional Activities by Manufacturers
- Growth in the Travel and Tourism Industry
- Increasing Demand from End-users
- Growth in the E-commerce Industry
- 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 ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and 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.
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