Travel And Business Bags which is in short known as the Luggage, is an integral part of the activities related to travel & tourism. Travel And Business Bags are refer as a bag which are been used to carry several stuff for business and personal purpose. Inclination of global population has been increasing towards travel and adventure activity, which has been proved beneficial for the industries such as travel & tourism, and, in turn, for industries which are been involved in the manufacturing of related travel gear such as luggage
AMA Research have segmented the market of Global Travel And Business Bags market by Type, Application and Region. On the basis of Type, Trolley bags are dominating the market in the year 2020
On the basis of geography, the market of Travel And Business Bags 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).
Development in smart luggage with the GPS system tracker has been increasing and Use of social media by retailers in doing promotion is in demand
Increase in travel and tourism has impacted the demand for travel bags, Changing lifestyle of growing urbanization and Product innovation such as polycarbonated luggage is further expected to impel the global in market
Purchasing power of middle class households in developing regions is creating more demand for premium and fashionable travel bags
- Popularity of mom-and-pops stores
- High cost associated with the product market
In addition to the aforementioned factor, Increase in travel and tourism has impacted the demand for travel bags
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Delsey (France), Louis Vuitton (France), Safari industries (United States), Samsonite International (China), VIP industries (India), Wildcraft India (India), Aldo (Canada), Alfred Dunhill (United Kingdom), Boconi, BottegaVeneta (Italy), Caribee (Australia), Ferari (Italy), Gianni Versace (Italy), Richardo Beverly Hills, IT Luggage (England), Mandarina Duck (Italy), Pierre Cardin (South Africa), Prada (Italy) and Puma (Germany).