Global Luggage (Casual, Business, Travel) Market Outlook, 2023
The Industry insights of the “ Global Luggage Market” Research Outlook 2023” help with the successful launch of a new product. This market report efficiently collects, analyses, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.
Global Luggage (Casual, Business, Travel) Market Outlook, 2023. Global Luggage market is expected to grow with a CAGR of more than 5% in the forecasted period of 2018 to 2023. The overall luggage market can be divided into three primary sub segments; casual bags, travel bags and business bags. Casual bags are suitable for daily use especially for college going students, women for households shopping etc. The travel bag segment, a major contributor is increasing due to increasing travel and tourism across globe with declining air fare, development of infrastructure, flexibility in job etc. And, business bags include convenience for carrying a laptop and documents. Further, rising internet penetration and technological innovation will go about as an impetus for the market development. Region-wise, report has studied Asia-Pacific, North America, South America, Europe and Middle East-Africa. Asia-Pacific is the major contributor followed by North America. Rest of three regions constitute 30% of the luggage market.