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The luggage market in India has been growing steadily due to increasing income levels and large scale visibility due to rise in retailers. The market was valued at INR 31 bn in 2009 and is growing at 19% CAGR. The market is dominated by a few major players who face strong competition from the large unorganized sector.
The report begins with an overview of the market providing information regarding the market size and forecasted growth, and the market segmentation by type and product. The two primary segments namely hard and soft luggage have been briefly highlighted. The import export figures have been included as well as the country-wise segmentation of the same.
An analysis of the drivers explains the factors for growth of the industry including increase in disposable income, increase in traveling boosting the market, expansion in retailing and specialty stores and luggage as a lifestyle product. The key challenges identified encompass stiff competition from unorganized sector and increasing costs of raw material. Key trends in the market have also been analyzed including shift in preference to soft luggage, luggage manufacturers adding new product categories, assistance provided by manufacturers to franchisee.
The competition section provides complete profiles of the major domestic and foreign players in the market including corporate information, financials, their brands and products, and business highlights.