Docstoc

MarketReportsOnline.com - Global Luggage Market Report 2012 Edition

Document Sample
MarketReportsOnline.com - Global Luggage Market Report 2012 Edition Powered By Docstoc
					MarketReportsOnline.com - Global Luggage Market Report
2012 Edition
Published: August 2012                                     No. of Pages: 57

Price: Single User: US $ 800                               Corporate User: US $ 1600




Industrial revolution and scientific, social and political developments in the past century have changed the
pattern and quantum of travelling forever. Being a necessary part of travelling, the demand for luggage
also inevitably witnessed a tremendous leap. Last few decades have also seen the use of luggage in
diverse applications giving a remarkable boost to the luggage market at global level. Amid the recent
global economic downturn, the worldwide luggage industry witnessed reduced demand as people were
forced to cut down expenses on travel and tourism. However, the improved economic prospects for 2010
translated into higher luggage sales for the period. Furthermore, in the wake of favorable market
conditions the global luggage market is projected to grow at a CAGR of about 4.5% during 2011-2014.

North America and Europe are the largest luggage markets, collectively accounting for a lion''s share of
the global luggage sales. The Asian region including Japan closely follows as other significant regional
market, with China and India witnessing the maximum growth. The emerging regions of the world are
expected to record rapid growth in the luggage market over the long term, given the escalating demand
for the same as a result of increased spending on travel and tourism. The casual bag product category
holds the largest share of the overall luggage market.

Luggage manufacturers across the globe are increasingly focusing on targeted advertising and promotion
activities as well as on research, development, and designing of new products. Further, luggage as a
fashion accessory has recently become a norm in the global market leading to its increased usage. This
in turn has encouraged the global suppliers of luggage to constantly innovate in order to meet the
evolving needs of consumers. Moreover, lately, the need for better and expanded distribution network
with new points of sale has also gained importance. Travel and tourism activity, inevitably, remains the
major growth driver of luggage market, coupled with economic health of the country and people''s buying
power.

The global luggage market is highly fragmented and intensely competitive with numerous branded as well
as unbranded or unorganized players operating in the market. Samsonite remains the undisputed leader
in the worldwide luggage market, followed by VF Corporation, Tumi, Ace, Delsey, VIP, and Rimowa,
among others. Competition is largely based on the brand name; product pricing, quality, and design;
product technology; and advertising, among other such factors.

The report analyzes the global luggage market. Also, the North American, European, Asian and Latin
American markets are being presented in the report. The report discusses the key drivers and issues
related to the global luggage market. The major players of the industry have also been profiled in the
report.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have
predicted the future growth of the industry. We employed various significant variables that have an impact
on this industry and created regression models with SPSS Base to determine the future direction of the
industry. Before deploying the regression model, the relationship between several independent or
predictor variables and the dependent variable was analyzed using standard SPSS output, including
charts, tables and tests.
Global Luggage Market

Table Of contents

1. Luggage Products: An Overview

2. Global Luggage Market Structure

3. Luggage Market - Segment Analysis

4. Luggage Market - Regional Analysis

5. Market Dynamics

6. Luggage Market - Competitive Scenario

7. Company Profiles

8. Market Outlook

List of Tables

List of Charts

				
DOCUMENT INFO
Categories:
Stats:
views:33
posted:8/17/2012
language:English
pages:2
Description: Industrial revolution and scientific, social and political developments in the past century have changed the pattern and quantum of travelling forever. Being a necessary part of travelling, the demand for luggage also inevitably witnessed a tremendous leap. Last few decades have also seen the use of luggage in diverse applications giving a remarkable boost to the luggage market at global level. Amid the recent global economic downturn, the worldwide luggage industry witnessed reduced demand as people were forced to cut down expenses on travel and tourism. However, the improved economic prospects for 2010 translated into higher luggage sales for the period. Furthermore, in the wake of favorable market conditions the global luggage market is projected to grow at a CAGR of about 4.5% during 2011-2014.