The
global luggage market is expected to
increase from $30,967.0 million in 2014 to reach $43,356.0 million in 2020,
growing at a CAGR of 5.5%. The global luggage market is mainly driven by
changing lifestyles and increasing urbanization, which is further creating
opportunities for luggage sales among high net-worth individuals.
Growing
interest of people in tourism is an important driver boosting the global
luggage market demand.
Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/luggage-market/report-sample
The
demand for lightweight durable consumer products such as luggage is increasing
globally. Lightweight luggage is easier to carry and handle, and provides
comfort to customers. Luggage companies are utilizing raw materials, such as
polycarbonate resins, to decrease the weight of luggage. There have been
several technological advancements in the luggage market, such as provision for
increased level of security and utility in the baggage.
Explore Full Report Description At@ https://www.psmarketresearch.com/market-analysis/luggage-market
Luggage
as a fashion accessory is also influencing luggage suppliers to provide modern,
lightweight luggage items suitable for continuous use. Luggage as a fashion
accessory has become popular over the last few years, especially in developed
and mature markets such as that in the U.S. which has led to increase in demand
for luggage, especially business related luggage.
In Europe, spending on travel
and tours is expected to increase with increasing business trips and leisure
trip due to lowering of air travelling costs.
Make Enquiry Before Buying the
Report@
https://www.psmarketresearch.com/send-enquiry?enquiry-url=luggage-market
The
major companies operating in the global luggage market include Samsonite
International S.A., Inc., Tumi Holdings, Inc., VIP Industries Ltd., VF
Corporation, Briggs & Riley Travelware, Rimowa GmbH, MCM Worldwide, and
Louis Vuitton Malletier S.A.
0 Comments