Saudi Arabia Bags & Luggage Market Trends, Share, Demand and Analysis 2023- Future Outlook, CAGR Growth, Business Opportunity and Forecast Report 2032: SPER Market Research
According to SPER Market Research, the Saudi Arabia Bags & Luggage Market is estimated to reach USD XX billion by 2032 with a CAGR of 10.23%. The Saudi Arabian market for bags and luggage is the area of the nation’s economy that produces and sells various types of bags and luggage products. A large variety of products, including handbags, travel bags, backpacks, briefcases, suitcases, and other related accessories, are available in this market. The Saudi Arabian government’s measures to promote tourism in the country have led to a great expansion of this sector. This has raised demand for travel-related accessories like bags and baggage.
Saudi Arabia Bags & Luggage Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 10.23%
- Forecast Market Size (2032): XX billion
The highly competitive bags and baggage industry in Saudi Arabia is populated by numerous businesses. Many of these businesses have created a large presence in the Saudi Arabian market thanks to their high-quality products, extensive distribution networks, and well-known brands. In conclusion, the Saudi Arabian bags and luggage market is a thriving, increasing industry that offers a varied assortment of products to fulfil a range of customer needs. Rising disposable incomes, the popularity of internet shopping, and the development of the tourism industry are all predicted to contribute to market growth in the future.
Impact of COVID-19 on the Saudi Arabia Bags & Luggage Market
The Saudi Arabian bags and baggage business has been significantly impacted by the COVID-19 outbreak. The market for travel-related bags and baggage products has fallen as a result of border closures and a decline in international travel. Due to widespread job losses and salary cuts, the epidemic has also led to a drop in consumer expenditure. Due to the risk of contracting an infection, consumers have been reluctant to visit physical businesses, which has exacerbated the trend towards online purchasing. As a result, numerous firms have made significant investments in their online presence, providing customers with virtual showrooms and online consultations. The COVID-19 pandemic has, in the end, had a conflicting effect on the Saudi Arabian bag and baggage sector. Although domestic tourism is expanding and online purchasing is becoming more popular, the market still has potential to rebound and expand in the future despite the reduction in foreign travel.
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Saudi Arabia Bags & Luggage 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 Type of Bags:
- Handbags
- Backpacks
- Business Bags
- Wallet
- Crossbody Bags
- Duffel Bags
- Briefcases
By Type of Luggage:
- Hard Case
- Soft Case
By Hard Case Luggage Capacity:
- 30-50 L
- 50-90L
- >90L
- Rolling Totes
By Soft Case Luggage Capacity:
- 30-50 L
- 50-90L
- >90L
- Garment Bags
- Rolling Totes
By Price Range of Bags and Luggage:
- Premium
- Economy
- Luxury
By Sales Channel of Bags and Luggage:
- Offline
- Online
By Retail Format of Bags and Luggage:
- EBOs
- MBOs
- Local Retailers
By Region:
- Riyadh
- Jeddah
- Dammam
- Al khobar
- Mecca and Medina
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
Saudi Arabia Bags & Luggage Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Adidas, Aldo Group, Burberry, Capri Holding, Christian Dior, Delsey, Kering, LVMH, Nike, Prada, Samsonite Group, Tommy, TUMI.
For More Information, refer to below link:-
Saudi Arabia Bags & Luggage Market Future Growth
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