Premium Luggage Market Key Players Analysis 2031
Luggage, often known as baggage, comprises mostly of cases, bags, and containers that are used to transport travellers' belongings. Because of the convenience and comfort it provides to people while travelling, the worldwide luggage market is growing in popularity. Luggage has seen significant evolution over time. Luggage used to be built of heavy materials like leather or wood. Customers' desire for lightweight bags and suitcases have increased as air travel becomes more accessible. These lightweight bags are easy to carry and can hold small items, clothing, vacation essentials, and toiletries.
MARKET DYNAMICS
The growing travel and tourism industry is driving the growth of the premium luggage market. Furthermore, people are traveling due to the rise in their disposable incomes, which is anticipated to create market opportunities for the premium luggage market during the forecast period. However, due to restrictions and lockdown imposed by Covid 19, the majority of the world's population has been compelled to stay at home which may restrain the growth of the premium luggage market.
MARKET SCOPE
The "Premium Luggage Market" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the premium luggage market with detailed market segmentation by end user and by distribution channel. The premium luggage market is expected to witness high growth during the forecast period. The report key trends and opportunities in the market.
MARKET SEGMENTATION
The premium luggage market is segmented into end user, and distribution channel. By end user, the premium luggage market is classified into men and women. By distribution channel, the premium luggage market is classified into specialty stores, online retail and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global premium luggage market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The premium luggage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the premium luggage market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the premium luggage market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global premium luggage market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The premium luggage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the premium luggage market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the premium luggage market in these regions.
MARKET PLAYERS
The report covers vital developments in the premium luggage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the premium luggage market are anticipated to witness lucrative growth opportunities in the future with the rising demand for table stand in the global market. Below mentioned is the list of few companies engaged in the premium luggage market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the premium luggage market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Victorinox
- Globe-Trotter
- Samsonite IP Holdings S.AR.L
- Briggs and Riley Travelware
- DELSEY
- Rimowa
- Kipling
- Louis Vuitton
- Valextra
- Arlo Skye
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Premium Luggage Market - By End User
1.3.2 Premium Luggage Market - By Distribution Channel
1.3.3 Premium Luggage Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PREMIUM LUGGAGE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PREMIUM LUGGAGE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PREMIUM LUGGAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. PREMIUM LUGGAGE - GLOBAL MARKET OVERVIEW
6.2. PREMIUM LUGGAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PREMIUM LUGGAGE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
7.1. OVERVIEW
7.2. END USER MARKET FORECASTS AND ANALYSIS
7.3. MEN
7.3.1. Overview
7.3.2. Men Market Forecast and Analysis
7.4. WOMEN
7.4.1. Overview
7.4.2. Women Market Forecast and Analysis
8. PREMIUM LUGGAGE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SPECIALTY STORES
8.3.1. Overview
8.3.2. Specialty Stores Market Forecast and Analysis
8.4. ONLINE RETAIL
8.4.1. Overview
8.4.2. Online Retail Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. PREMIUM LUGGAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Premium Luggage Market Overview
9.1.2 North America Premium Luggage Market Forecasts and Analysis
9.1.3 North America Premium Luggage Market Forecasts and Analysis - By End User
9.1.4 North America Premium Luggage Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Premium Luggage Market Forecasts and Analysis - By Countries
9.1.5.1 United States Premium Luggage Market
9.1.5.1.1 United States Premium Luggage Market by End User
9.1.5.1.2 United States Premium Luggage Market by Distribution Channel
9.1.5.2 Canada Premium Luggage Market
9.1.5.2.1 Canada Premium Luggage Market by End User
9.1.5.2.2 Canada Premium Luggage Market by Distribution Channel
9.1.5.3 Mexico Premium Luggage Market
9.1.5.3.1 Mexico Premium Luggage Market by End User
9.1.5.3.2 Mexico Premium Luggage Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Premium Luggage Market Overview
9.2.2 Europe Premium Luggage Market Forecasts and Analysis
9.2.3 Europe Premium Luggage Market Forecasts and Analysis - By End User
9.2.4 Europe Premium Luggage Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Premium Luggage Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Premium Luggage Market
9.2.5.1.1 Germany Premium Luggage Market by End User
9.2.5.1.2 Germany Premium Luggage Market by Distribution Channel
9.2.5.2 France Premium Luggage Market
9.2.5.2.1 France Premium Luggage Market by End User
9.2.5.2.2 France Premium Luggage Market by Distribution Channel
9.2.5.3 Italy Premium Luggage Market
9.2.5.3.1 Italy Premium Luggage Market by End User
9.2.5.3.2 Italy Premium Luggage Market by Distribution Channel
9.2.5.4 United Kingdom Premium Luggage Market
9.2.5.4.1 United Kingdom Premium Luggage Market by End User
9.2.5.4.2 United Kingdom Premium Luggage Market by Distribution Channel
9.2.5.5 Russia Premium Luggage Market
9.2.5.5.1 Russia Premium Luggage Market by End User
9.2.5.5.2 Russia Premium Luggage Market by Distribution Channel
9.2.5.6 Rest of Europe Premium Luggage Market
9.2.5.6.1 Rest of Europe Premium Luggage Market by End User
9.2.5.6.2 Rest of Europe Premium Luggage Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Premium Luggage Market Overview
9.3.2 Asia-Pacific Premium Luggage Market Forecasts and Analysis
9.3.3 Asia-Pacific Premium Luggage Market Forecasts and Analysis - By End User
9.3.4 Asia-Pacific Premium Luggage Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Premium Luggage Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Premium Luggage Market
9.3.5.1.1 Australia Premium Luggage Market by End User
9.3.5.1.2 Australia Premium Luggage Market by Distribution Channel
9.3.5.2 China Premium Luggage Market
9.3.5.2.1 China Premium Luggage Market by End User
9.3.5.2.2 China Premium Luggage Market by Distribution Channel
9.3.5.3 India Premium Luggage Market
9.3.5.3.1 India Premium Luggage Market by End User
9.3.5.3.2 India Premium Luggage Market by Distribution Channel
9.3.5.4 Japan Premium Luggage Market
9.3.5.4.1 Japan Premium Luggage Market by End User
9.3.5.4.2 Japan Premium Luggage Market by Distribution Channel
9.3.5.5 South Korea Premium Luggage Market
9.3.5.5.1 South Korea Premium Luggage Market by End User
9.3.5.5.2 South Korea Premium Luggage Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Premium Luggage Market
9.3.5.6.1 Rest of Asia-Pacific Premium Luggage Market by End User
9.3.5.6.2 Rest of Asia-Pacific Premium Luggage Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Premium Luggage Market Overview
9.4.2 Middle East and Africa Premium Luggage Market Forecasts and Analysis
9.4.3 Middle East and Africa Premium Luggage Market Forecasts and Analysis - By End User
9.4.4 Middle East and Africa Premium Luggage Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Premium Luggage Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Premium Luggage Market
9.4.5.1.1 South Africa Premium Luggage Market by End User
9.4.5.1.2 South Africa Premium Luggage Market by Distribution Channel
9.4.5.2 Saudi Arabia Premium Luggage Market
9.4.5.2.1 Saudi Arabia Premium Luggage Market by End User
9.4.5.2.2 Saudi Arabia Premium Luggage Market by Distribution Channel
9.4.5.3 U.A.E Premium Luggage Market
9.4.5.3.1 U.A.E Premium Luggage Market by End User
9.4.5.3.2 U.A.E Premium Luggage Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Premium Luggage Market
9.4.5.4.1 Rest of Middle East and Africa Premium Luggage Market by End User
9.4.5.4.2 Rest of Middle East and Africa Premium Luggage Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Premium Luggage Market Overview
9.5.2 South and Central America Premium Luggage Market Forecasts and Analysis
9.5.3 South and Central America Premium Luggage Market Forecasts and Analysis - By End User
9.5.4 South and Central America Premium Luggage Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Premium Luggage Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Premium Luggage Market
9.5.5.1.1 Brazil Premium Luggage Market by End User
9.5.5.1.2 Brazil Premium Luggage Market by Distribution Channel
9.5.5.2 Argentina Premium Luggage Market
9.5.5.2.1 Argentina Premium Luggage Market by End User
9.5.5.2.2 Argentina Premium Luggage Market by Distribution Channel
9.5.5.3 Rest of South and Central America Premium Luggage Market
9.5.5.3.1 Rest of South and Central America Premium Luggage Market by End User
9.5.5.3.2 Rest of South and Central America Premium Luggage Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PREMIUM LUGGAGE MARKET, KEY COMPANY PROFILES
11.1. VICTORINOX
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GLOBE-TROTTER
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SAMSONITE IP HOLDINGS S.AR.L
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BRIGGS AND RILEY TRAVELWARE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DELSEY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RIMOWA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KIPLING
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VALEXTRA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ARLO SKYE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LOUIS VUITTON
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Victorinox
2.Globe-Trotter
3.Samsonite IP Holdings S.AR.L
4.Briggs and Riley Travelware
5.DELSEY
6.Rimowa
7.Kipling
8.Valextra
9.Arlo Skye
10.Louis Vuitton
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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