India Luggage and Bags Market Size, Analysis & Trends by Market Structure, By Product Type, By Luggage, By Price Category, By Distribution Channel, Regional Outlook, Competitive Strategies and Segment Forecast 2032: SPER Market Research
According to SPER Market Research, The India Luggage and Bags Market is an addition to rising travel-related spending for both leisure and business travel, an increase in the number of online portals, the introduction of products with affordable prices, and a shift in consumer preference from unbranded to branded quality products all contributed to the India luggage and bag market’s double-digit growth rate over the review period. The emergence of many international rivals has also aided in this. The Indian luggage and bag business saw tremendous growth thanks to strong consumer demand, although many Indian manufacturers’ profits were impacted by the falling value of the US dollar. In the near future, factors including new product variations, investments in smart luggage items, online distribution, and other trends will drive the Indian luggage & bag industry.
The COVID-19 pandemic has forced a substantial section of the world’s population to stay at home due to travel restrictions and lockdown, severely impacting the luggage and backpacks industry. Additionally, the majority of potential customers cut back on their purchases of travel accessories, which had a negative effect on the sales revenues of the top bag brands. However, consumer purchasing habits have strengthened as the pandemic situation has gradually improved, and it is projected that the business will once again attain its full potential as the economies of developing countries grow.
India Luggage and Bags Market Overview:
- Forecast CAGR (2022-2032): 6.18%.
- Forecast Market Size (2032): 24.09 billion.
Impact of COVID-19 on the India Luggage and Bags Market:
The COVID-19 pandemic has forced a substantial section of the world’s population to stay at home due to travel restrictions and lockdown, severely impacting the luggage and backpacks industry. Additionally, the majority of potential customers cut back on their purchases of travel accessories, which had a negative effect on the sales revenues of the top bag brands. However, consumer purchasing habits have strengthened as the pandemic situation has gradually improved, and it is projected that the business will once again attain its full potential as the economies of developing countries grow. The predicted period of market growth is expected to be positively impacted by the shift in consumer preferences for high-end luggage, the growing travel and tourist industry, and the changing lifestyle.
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India Luggage and Bags Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Market Structure:
- Organized
- Unorganized
By Product Type:
- Backpacks
- Bags
- Business Bags
- Cross Body Bags
- Duffel Bags
- Handbags
- Wallet and Coin Pouches
- Other Small Bags
By Luggage:
- Soft Luggage
- Hard Luggage
- Wheeled Luggage
- Non-Wheeled Luggage
By Distribution Channel:
- Apparel and Footwear Specialist Retailers
- Bags and Luggage Specialist Retailers
- Department Stores
- Homes hopping
- Hypermarkets
- Internet Retailing
- Other Non-Grocery Specialists
- Stationers/Office Supply Stores
By Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
India Luggage and Bags Market Key Players:
The India Luggage and Bags Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Baggit Ltd, Bagzone Lifestyles Pvt Ltd, Burberry Group Plc, Da Milano India, Hermes International SCA, Hidesign India Pvt Ltd, Kering SA, LVMH Moet Hennessy Louis Vuitton SA, Safari, Samsonite International SA, Tommy Hilfiger, VIP Industries Ltd, Wildcraft India Pvt Ltd.
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India Luggage and Bags Market Trends,
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