Global Market Study on Leather Luggage and Goods : Travel Bags to Represent a Leading Segment during 2017 - 2022


Leather Luggage And Goods Market
  • Published On : Sep-2017 |
  • Pages : 170 Pages |
  • Format :

The global leather luggage and goods market is expected to witness moderate growth attributed to growing need for water and dust resistant luggage products. In addition, increasing number of travellers due to business trips and expeditions is expected to impact growth of the global leather luggage and goods market positively during the predicted period. Further, growing need for warm and protective clothes among the consumers in the cold countries is projected to rev up demand for leather in the textile industry. Electronic products can be exposed to water contamination or fire. Growing need for protective luggage products for the electronic products is expected to fuel demand for leather among the electronic manufacturers. A recently published report on “Leather Luggage Market: Global Industry Analysis (2012 – 2016) & Forecast (2017 - 2022),” offers exclusive insights to the readers on the recent trends and market dynamics of the leather luggage and goods market. The report reveals various types of products that are used by the manufacturers in the luggage, textile and the electronic industry.

Region

Product Type

Gender

Distribution Channel

  • North America
  • Travel bags
  • Men
  • Online stores
  • Latin America
  • Casual bags
  • Women
  • Retail Stores
  • Europe
  • Business bags
  • Unisex
  • Others
  • Japan
  • Purses, wallets & belts Accessories
  • APEJ
  • Footwear Accessories
  • MEA
  • Leather bracelets Accessories
  • Neckpieces Accessories
  • Gloves Accessories

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

This report offers insights on factors contributing towards growth of the global leather luggage and goods market positively along with several trends that are expected to impact the future and current dynamics of the market. The global leather luggage and goods market is expected to be segmented on the basis of product type, gender type, distribution type, and region.

The report offers insights on various product types that are expected to impact growth of the global leather luggage and goods market. Surge in travelling due to expeditions and business trips has led to an upsurge in demand for travel bags. Attributed to increase in expeditions and business trips, the travel bag segment among other product types is predicted to witness a relatively high growth in terms of revenue. Further, increasing need for bags for daily use has revved up demand for casual bags globally. The casual bag segment as compared to other product types is expected to witness the second highest revenue growth in the global market. By region, North America is predicted to represent the largest market for leather luggage and goods globally.

The next section offers insights on the gender type that are expected to impact growth of the global market of leather luggage and goods market. Demand for the leather bags and products are predicted to remain relatively high among women. In terms of revenue, the women segment as compared to other gender types is expected to register a relatively high growth in the global market. Further, surge in demand for jackets, footwear, and gadget bags is expected to represent a considerable demand among men. The men segment in the global market is expected to represent the second highest growth in terms of revenue.

In the final section, the report offers insights on the distribution channels that are impacting growth of the global leather luggage and goods market. Sales of the leather luggage and goods is expected to generate relatively high revenue through the retail store segment in the global market. However, the online store segment is expected to represent the highest CAGR in the global market during the predicted period.

Market Players

Key players in the global leather luggage and goods market are Christian Dior SE, LVMH Moët Hennessy Louis Vuitton SE, Kering SA, Hermès International SCA, Prada SpA, V.I.P. Industries Ltd., Knoll, Inc., Samsonite International SA, and Delsey Luggage Inc.

Consumption in Luggage Industry

As travelers increasingly prefer luggage products that are long-lasting and water-proof, manufacturers turn to leather for production of several consumer goods. With the increasing number of travelers globally, manufacturers witness a significant demand for crack-proof luggage products. While travelling, the luggage products are exposed to contamination of water, and dust, which could harm the products stored in the luggage. Attributed to dustproof, and fireproof features the leather luggage products offer the travelers protection from any contamination. Moreover, increasing need to carry electronic gadgets safely while travelling has further revved up demand for leather among the manufacturers. Bound to such factors, demand for leather among the manufacturers of luggage is predicted to remain considerably high.

According to a recently published report by Persistence Market Research, the global leather luggage goods market is expected to register a moderate CAGR during the predicted period, 2017 – 2022. In terms of revenue, the global leather luggage and goods market is expected to represent a value of over US$ 525 Bn by the end of 2022.

Considerable Demand in the Textile Industry

Apart from the luggage industry, leather also witnesses considerable demand among the textile manufacturers. Growing need for protective and warm jackets during winter is projected to fuel demand for leather in the textile industry. As leather is in trend today, manufacturers in the textile industry are producing leather products including jackets, pants, belts and other accessories. Surge in demand for water-proof, and warm footwear in the cold countries has further led manufacturers to produce leather footwear products. In an attempt to produce warm clothes and footwear, manufacturers are offering leather footwear embedded with fur linings. Such factors is further expected to contribute towards growth of the global market.

On the other hand, leather goods and luggage products are comparatively costly than the other products. Moreover, government in several countries are imposing bans the leather products. This is expected to hinder growth of the global leather luggage and goods market during the predicted period.

leather luggage and goods market

Retail Store to Represent a Leading Segment

With the increasing number of travellers and business trips, travel bags are likely to witness steady demand globally. On the basis of product type, the travel bags segment is expected to represent the highest revenue growth in the global market, accounting for a value of over US$ 35,000 Mn. Further, daily travelling is expected to rev up demand for casual bags globally. The casual bags segment as compared to other products type segments is expected to represent the second highest revenue growth in the global market by the end of 2022. North America is expected to represent the largest market for leather luggage and goods.

Demand for leather goods will continue to remain high among women due to surge in demand for casual bags, accessories, clothes and various others. By gender type, the women segment is expected to represent the highest revenue growth, represent a value of over US$ 66,000 Mn in the global luggage and goods market by the end of 2017. Apart from women, demand for wallets, footwear, and jackets among men is expected to impact growth of the global leather luggage and goods market positively. By the end of 2017, the men segment is expected to represent the second highest revenue growth in the global market.

Sales of leather luggage and goods is expected to generate significant revenues through retail stores. The retail store segment is expected to represent the highest revenue growth, accounting for a value of over US$ 95,000 Mn in the global market by the end of 2022. The online stores segment is expected to represent the second highest revenue growth by 2022. However, this segment is expected to register the highest CAGR throughout 2022.

Competition Tracking

Leading market players operating in the global leather luggage and goods market include Christian Dior SE, LVMH Moët Hennessy Louis Vuitton SE, Kering SA, Hermès International SCA, Coach, Inc., Prada SpA, Samsonite International SA, Knoll, Inc., V.I.P. Industries Ltd., and Delsey Luggage Inc.

Company Profile

  • Coach, Inc.    
  • Samsonite International S.A.    
  • Hermes International SA   
  • Louis Vuitton SE   
  • VIP Industries Ltd.   
  • Johnston & Murphy     
  • Prada S.p.A  
  • Delsey S.A    
  • Christian Dior SE
  • American Leather, Inc.
  • Aero Leather Clothing Ltd. 
  • Timberland
  • LVMH Moët Hennessy
  • Knoll, Inc.
  • Christian Dior SE
  • Others.
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