Global Rolling Luggage Bags Market Overview:
Rolling Luggage bags face a number of challenges, including long journeys, rough terrain, and frequent mistreatment. As a result, they require materials and designs that are long-lasting, versatile, and tough, as well as effective security against unauthorised unlocking and theft. In recent years, rolling luggage bag trends have shifted to emphasise product safety, including the incorporation of technologies that make locks more difficult to crack. Meanwhile, aesthetic and design elements have tended to lend an antique air to things, resulting in the return of earthy colours and angular forms. In recent years, rolling luggage bag trends have shifted to emphasise product safety, which includes the incorporation of technologies that make locks more difficult to crack. Meanwhile, stylistic and design elements have tended to return products to an old-world feel, resulting in the return of earthy colours and angular forms.
- Rise in Disposable Income
- Growing Inclination towards Adventure and Travel
- Unorganized Luggage Sector are Anticipated to Pose a Significant Challenge
- Fluctuations in Supply and Demand Share due to COVID19
- Growth of E-Commerce
- Increased Government Spending On Tourism Promotion
- High Cost of Raw materials
The demand for Rolling Luggage Bags is increasing. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Players are expected to focus on the creation of new compounds, which would likely drive the worldwide market forward over the forecast period.
Some of the key players profiled in the report are American Tourister (United States), Thule Group (Sweden), Samsonite (Hong Kong), VIP Industries (India), Wildcraft (India), Delsey (France), Tommy Hilfiger (Netherlands), RIMOWA (Germany), Victorinox (Switzerland) and Rockland (United States). Additionally, following companies can also be profiled that are part of our coverage like Away (United States), Tumi Inc. (United States) and TravelPro (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Rolling Luggage Bags market by 2026. Considering Market by Type, the sub-segment i.e. 4 Wheel Bag will boost the Rolling Luggage Bags market. Considering Market by Price Range, the sub-segment i.e. Premium will boost the Rolling Luggage Bags market. Considering Market by Capacity, the sub-segment i.e. 30 -50 Litres will boost the Rolling Luggage Bags market. Considering Market by Material, the sub-segment i.e. Leather will boost the Rolling Luggage Bags market. Considering Market by Weight, the sub-segment i.e. 3 Kg will boost the Rolling Luggage Bags market.
In August 2019 Samsonite had announced partnership with Panasonic to launch a smart luggage bag. The partnership focuses on empowering iot connected tourists by introducing technology solutions for trouble-free travel. As part of the partnership, Samsonite's new product EVOA Tech will include Panasonic's SeekitTM Bluetooth Tracker, allowing customers to label and monitor their luggage for a more smooth experience.
What Can be Explored with the Rolling Luggage Bags Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Rolling Luggage Bags Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Rolling 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 Rolling 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 Rolling 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 Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Raw Material Suppliers, Luggage Bags Traders/Distributors and End-use industries.
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 Rolling Luggage Bags Market?
The Rolling Luggage Bags market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Rolling Luggage Bags Market?
Top performing companies in the Global Rolling Luggage Bags market are American Tourister (United States), Thule Group (Sweden), Samsonite (Hong Kong), VIP Industries (India), Wildcraft (India), Delsey (France), Tommy Hilfiger (Netherlands), RIMOWA (Germany), Victorinox (Switzerland) and Rockland (United States), to name a few.
3. What trending factors would impact Rolling Luggage Bags Market growth most?
"Increasing Popularity of MICE Tourism
" is seen as one of major influencing trends for Rolling Luggage Bags Market during projected period 2020-2026.