Global ABS Luggage Market Overview:
ABS (acrylonitrile-butadiene-styrene) luggage, is lighter polycarbonate and a common thermoplastic, comprises of bags or container that is used to keep travellerís objects while transiting from one place to other. The travelers use this for the various purpose including travel necessities, carry clothing, toiletries and other articles. Various market players are focusing on designing and manufacturing smart luggage with smart features such as smart locking system, traceability and the growth of the very market has been attributed to the rise in travel and tourism activities across the globe. Some of the key players profiled in the study are Louis Vuitton Malletier S.A. (France), MCM Worldwide (Germany), VIP Industries (India), Rimowa GmbH (Germany), Samsonite International S.A. (Hong Kong), VF Corporation (United States), IT Luggage (United Kingdom), Briggs & Riley Travelware (United States), Delsey (France), Heys International Ltd (Canada), Pacsafe (Hong Kong) and Travelpro Products Inc. (United States).
On the basis of geography, the market of ABS Luggage 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 Wheel Size Type, the sub-segment i.e. 2-Wheels will boost the ABS Luggage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Specialist Retailers will boost the ABS Luggage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Changing Lifestyles, Growing Urbanization and Increasing business Activities Globally
- Increasing Travels and Tourism Industry across the World
- Key Market Players are Manufacturing Smart Luggage which is Equipped with GPS Tracker, USB Port
- Adoption of Online Platform for Sales by Various Vendors
- Growing Influence of Unorganized Luggage Industry in Asia-Pacific and Africa regions
- Availability of Substitute in Raw Materials
- Growth in High-Net-Worth-Individuals Worldwide
- Risk of Product Counterfeiting in Various Geographic Locations
Target Audience:ABS Luggage Manufacturers, Distributors, Traders, Raw Material Suppliers, Distributors, Market Research Organisation, Importers and Exporters, End Users and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global ABS Luggage market on the basis of product [Travel Luggage and Business Luggage] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the ABS Luggage market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the ABS Luggage industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Victorinox (Switzerland), Swiss Military (Switzerland), Tommy Hilfiger (A PVH Corp.) (Netherlands) and Swiss Gear (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the ABS Luggage market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.