Global luggage market report to 2020

Luggage Market - Global Study on Luggage Industry - Travel Bags to
Witness Highest Growth by 2020
Persistence Market Research
Global Luggage Market Will Reach US$ 43.4
billion in 2020: Persistence Market Research
Persistence Market Research 1

Persistence Market Research Released New Market Report “Global Market Study on Luggage:
Travel Bags to Witness Highest Growth by 2020”, the global luggage market is expected to
grow at a CAGR of 5.8% during 2014 to 2020 and to reach an estimated value of USD 43.4
billion in 2020.
Browse the full Global Market Study on Luggage: Travel Bags to Witness Highest Growth by
2020 report at http://www.persistencemarketresearch.com/market-research/luggage-market.asp
Increasing urbanization and changing lifestyles are the key drivers for the global luggage
market. Technological advancements are further creating opportunities for luggage sales
among high net-worth individuals, for whom safety is a major concern. Increasing travel and
tours, rising business activities, and growing number of educational courses are further
propelling the demand for luggage. Luggage is sold through various types of distribution
channels such as specialist retailers, factory outlets, supermarkets, hypermarkets, and
internet sales. Owing to the boom in online commerce, luggage sales through the Internet
have been growing at a significant pace.
Increasing urbanization is escalating demand for lifestyle products. To some extent, luggage
is also considered as a lifestyle product, especially in developing countries. Earlier, people in
developing countries used one luggage for all purposes such as travel, tour, and business.
However, owing to growing urbanization and rising disposable income, their lifestyles have
changed, which is also reflected in their usage of purpose-based luggage. Asian and African
countries are expected to experience highest urban growth in the future. According to the
China Development Research Foundation, urban population in China is expected to increase
from 52.6% in 2012 to 70% by 2030. Urbanization is growing at a swift pace across Asia
Pacific. Pacific countries such as Australia and New Zealand already have high urbanization.
Increasing the inclination of the global population towards travel and adventure has been
beneficial for industries such as travel & tourism, and, in turn, for industries involved in the
manufacture of related travel gear such as luggage. Luggage is an integral part of travel &
tourism activities. The rising disposable income and changing recreation patterns of the
global population is one of the key reasons for the growth of the travel & tourism industry.
Europe was the largest tourism destination during 2010 – 2013, followed by Asia-Pacific.
People across countries such as the U.S., Finland, and Sweden are the most frequent
international and domestic travelers.
The large unorganized luggage markets in developing countries pose one of the greatest
challenges for the organized luggage market. Countries such as China and India have large
number of unorganized players. These regional players usually launch products with designs
almost identical to those of the brands of global organized players. Unorganized players
offer luggage at low costs as they save on costs of high-quality raw material, branding,

advertisement, and R&D. The low- and medium-income populations in developing countries
are the largest consumers of such relatively inferior products. The organized luggage market
loses its prospective customers due to the presence of these players. In the absence of a
strong anti-counterfeiting framework in developing countries, these unorganized players are
flourishing and restraining the growth of the organized luggage market.
The major players in the global luggage market include Samsonite International S.A., Tumi
Holdings, Inc., VIP Industries, VF Corporation, Briggs & Riley Travelware, Rimowa GmbH,
MCM Worldwide, Louis Vuitton Malletier S.A., Goyard, and ACE Co, Ltd.
Below is the segmentation carried out by Persistence Market Research for global
market study on luggage:
Market Size and Forecast by Product
 Casual bags
 Travel bags
 Business bags
Market Size and Forecast by Distribution Channel
 Specialist retailers
 Factory outlets
 Internet sales
 Others
Market Size and Forecast by Geography
 North America
 The U.S.
 Canada
 Europe
 Germany
 Italy
 France
 Asia Pacific
 Japan
 China
 India

 Rest of the World (RoW)
 Brazil
Market History:
Increasing urbanization and changing lifestyles are the key drivers for the global luggage market.
Technological advancements are further creating opportunities for luggage sales among high net-worth
individuals, for whom safety is a major concern. Increasing travel and tours, rising business activities, and
growing number of educational courses are further propelling the demand for luggage. Luggage is sold
through various types of distribution channels such as specialist retailers, factory outlets, supermarkets,
hypermarkets, and internet sales. Owing to the boom in online commerce, luggage sales through the
Internet have been growing at a significant pace.
The large unorganized luggage markets in developing countries pose one of the greatest challenges for
the organized luggage market. Countries such as China and India have large number of unorganized
players. These regional players usually launch products with designs almost identical to those of the
brands of global organized players. Unorganized players offer luggage at low costs as they save on costs
of high-quality raw material, branding, advertisement, and R&D. The low- and medium-income
populations in developing countries are the largest consumers of such relatively inferior products. The
organized luggage market loses its prospective customers due to the presence of these players. In the
absence of a strong anti-counterfeiting framework in developing countries, these unorganized players are
flourishing and restraining the growth of the organized luggage market.
There have been several technological advancements in the luggage market such as provision for
increased level of security and utility in the baggage. These luggage products are expected to be popular
among the HNWI population. Connectivity features added to the luggage increases their traceability and
makes them more secure for traveling. Smart luggage is equipped with technologies and features such as
Global Positioning System (GPS), Bluetooth-enabled lock, and a USB port for recharging electronic
devices such as mobile phones.
In March 2015, Samsonite IP Holdings S.àr.l. announced the launch of GeoTrakR, a new line of suitcases
equipped with a cellular-enabled baggage tracking system. ANDIAMO Luggage LLC, a luggage
manufacturer based in the U.S., recently announced the launch of a baggage line with Wi-Fi Hotspot,
battery charger, and other features. Rimowa GmbH (a luggage manufacturer based in Germany), in
conjunction with Airbus Group (a France-based aircraft manufacturer) and Deutsche Telekom AG (a
Germany-based telecommunications company), is developing Bag2Go, a smart suitcase line. The

suitcase line is expected to be launched in 2016. Bag2Go would interact with sensors in the cargo holds
of Airbus aircraft to identify their location.
Bluesmart Inc., a connected travel products company based in the U.S., recently raised USD 1.4 million
through crowd funding from 3,500 investors to introduce a line of carry-on bags with a tracking system,
scale, and battery with two USB chargers. Certain large technology companies such as AT&T Inc. are
also engaged in the manufacture of smart bags that would track bags across airports.
The major players in the global luggage market include Samsonite International S.A., Tumi Holdings, Inc.,
VIP Industries, VF Corporation, Briggs & Riley Travelware, Rimowa GmbH, MCM Worldwide, Louis
Vuitton Malletier S.A., Goyard, and ACE Co, Ltd.
The travel bags segment (the largest product segment in 2013) grew from USD XX billion in 2010 to USD
XX billion in 2013 at a CAGR of XX%. The business bags segment accounted for a relatively small
market share during 2010 – 2013; however, it was the second fastest growing segment during this period.
The travel bags segment is projected to grow from an estimated USD XX billion in 2014 to USD XX billion
by 2020 at a CAGR of XX% during the forecast period.
Luggage market sales from the others segment (the largest distribution channel) grew from USD XX
billion in 2010 to USD XX billion in 2013 at a CAGR of XX%. Internet sales of luggage witnessed highest
CAGR of XX% during the same period.
Sales from the others segment are projected to grow from an estimated USD XX billion in 2014 to USD
XX billion by 2020 at a CAGR of XX% during the forecast period. The market revenue from internet sales
of luggage is expected to witness the highest CAGR of XX% during the forecast period.
Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Research Methodology

1.3 Assumptions
Chapter 2 Market Synopsis
Chapter 3 Porter’s Five Forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Bargaining Power of Buyers
3.3 Threat of Substitutes
3.4 Threat of New Entrants
3.5 Intensity of Rivalry
Chapter 4 Industry Overview
4.1 Market Definition
4.2 Market Drivers
4.2.1 Increasing urbanization and changing lifestyles
4.2.2 Growing interest of people in tourism
4.2.3 Growing number of high net-worth individuals
4.3 Market Restraints
4.3.1 Large unorganized markets in developing countries

4.3.2 Unstable raw material prices
4.4 Opportunities
4.4.1 Emerging technologies in the luggage industry are expected to fuel market growth
4.5 Market Trends
4.5.1 Increasing demand for ultra-light weight luggage
Chapter 5 Market Size and Forecast, by Product
5.1 Luggage Market Size and Forecast, by Product
5.1.1 Casual bags
5.1.2 Travel bags
5.1.3 Business bags
5.2 Price Point Analysis
Chapter 6 Market Size and Forecast, by Distribution Channel
6.1 Luggage Market Size and Forecast, by Distribution Channel
6.1.1 Specialist retailers
6.1.2 Factory outlets
6.1.3 Internet Sales

6.1.4 Others
Chapter 7 Market Size and Forecast, by Geography
7.1 North America
7.1.1 The U.S.
7.1.1.1 Market overview
7.1.2 Canada
7.2 Europe
7.2.1 Germany
7.2.2 Italy
7.2.3 France
7.3 Asia Pacific
7.3.1 Japan

7.3.2 China
7.3.3 India
7.4 Rest of the World (RoW)
7.4.1 Brazil
Chapter 8 Competitive Scenario
8.1 Market Share Analysis
8.2 Competitive Benchmarking
Chapter 9 Company Profiles
9.1 Samsonite International S.A.
9.1.1 Company overview
9.1.2 Products and services
9.1.3 Financial performance

9.1.4 Recent developments
9.2 Tumi Holdings, Inc.
9.3 VIP Industries Ltd.
9.4 VF Corporation

9.5 Briggs & Riley Travelware
9.5.4 Recent development
9.6 Rimowa GmbH
9.7 MCM Worldwide
9.7.2 Product and services
9.8 Louis Vuitton Malletier S.A.

9.9 Goyard
9.10 ACE Co., Ltd.
List of Tables
TABLE 1 Snapshot: Global market for luggage, 2013 and 2020

TABLE 2 Impact analysis of market drivers
TABLE 3 Impact analysis of market restraints
TABLE 4 Global luggage market size, by product, 2010 – 2013 (USD billion)
TABLE 5 Global luggage market size, by product, 2014 – 2020 (USD billion)
TABLE 6 Average selling price, by region, 2014 (USD)
TABLE 7 Global luggage market size, by distribution channel, 2010 – 2013 (USD billion)
TABLE 8 Global luggage market size, by distribution channel, 2014 – 2020 (USD billion)
TABLE 9 Global luggage market size, by region, 2010 – 2013 (USD billion)
TABLE 10 Global luggage market size, by region, 2014 − 2020 (USD billion)
TABLE 11 North American luggage market size, by country, 2010 – 2013 (USD billion)
TABLE 12 North American luggage market size, by country, 2014 – 2020 (USD billion)
TABLE 13 North American luggage market size, by product, 2010 – 2013 (USD billion)
TABLE 14 North American luggage market size, by product, 2014 – 2020 (USD billion)
TABLE 15 North American luggage market size, by distribution channel, 2010 – 2013 (USD
billion)
TABLE 16 North American luggage market size, by distribution channel, 2014 – 2020 (USD
billion

TABLE 17 European luggage market size, by country, 2010 – 2013 (USD billion)
TABLE 18 European luggage market size, by country, 2014 – 2020 (USD billion)
TABLE 19 European luggage market size, by product, 2010 – 2013 (USD billion)
TABLE 20 European luggage market size, by product, 2014 – 2020 (USD billion)
TABLE 21 European luggage market size, by distribution channel, 2010 – 2013 (USD billion)
TABLE 22 European luggage market size, by distribution channel, 2014 – 2020 (USD billion)
TABLE 23 Asia Pacific luggage market size, by country, 2010 – 2013 (USD billion)
TABLE 24 Asia Pacific luggage market size, by country, 2014 – 2020 (USD billion)
TABLE 25 Asia Pacific luggage market size, by product, 2010 – 2013 (USD billion)
TABLE 26 Asia Pacific luggage market size, by product, 2014 – 2020 (USD billion)
TABLE 27 Asia Pacific luggage market size, by distribution channel, 2010 – 2013 (USD billion)
TABLE 28 Asia Pacific luggage market size, by distribution channel, 2014 – 2020 (USD billion)
TABLE 29 RoW luggage market size, by country, 2010 – 2013 (USD billion)
TABLE 30 Row luggage market size, by country, 2014 – 2020 (USD billion)
TABLE 31 Row luggage market size, by product, 2010 – 2013 (USD billion)
TABLE 32 RoW luggage market size, by product, 2014 – 2020 (USD billion)

TABLE 33 RoW luggage market size, by distribution channel, 2010 – 2013 (USD billion)
TABLE 34 RoW luggage market size, by distribution channel, 2014 – 2020 (USD billion)
TABLE 35 Products of Samsonite International S.A.
TABLE 36 Products of Tumi Holdings, Inc.
TABLE 37 Products and services of VIP Industries Ltd.
TABLE 38 Products of VF Corporation
TABLE 39 Products of Briggs & Riley Travelware
TABLE 40 Products and services of Rimowa GmbH
TABLE 41 Products of MCM
TABLE 42 Products of Goyard
List of Figures
FIG. 1 Luggage market: Porter’s five forces analysis
FIG. 2 Urbanization in Asia-Pacific across sub-regions, 2010 and 2020
FIG. 3 International tourist arrivals in million, 2010 – 2012
FIG. 4 Global colored high-density polyethylene (HDPE) price trend, July 2013 – October 2014
(cents/pound)

FIG. 5 Global aluminum price trend, March 2014 – February 2015 (USD/lb)
FIG. 6 Global luggage market share by value, by region, 2013 and 2020
FIG. 7 Global market share by company by value, 2013
FIG. 8 Competitive mapping of product segments across global regions
FIG. 9 Net sales and profit of Samsonite International S.A., 2011 − 2013 (USD million)
FIG. 10 Net sales and net income of Tumi Holdings, Inc., 2012 − 2014 (USD million)
FIG. 11 Revenue and profit of VIP Industries Ltd., 2011 − 2013 (USD million)
FIG. 12 Revenue and net income of VF Corporation, 2012 − 2014 (USD billion)
FIG. 13 Revenue and net profit of Louis Vuitton S.A., 2012 − 2014 (USD billion)
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