Threat from Counterfeit Products and Volatility in Raw Material Prices Presents Challenges for the Global Luggage Market

By Research3 days ago


DUBLIN, April 8, 2021 /PRNewswire/ -- The “Global Luggage (Business Bags, Travel Bags and Casual Bags) Market: Size, Trends and Forecast (2021-2025 Edition)“ report has been added to's offering.

The global luggage market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2025). The market is expected to be driven by various growth enhancing factors such as growing travel and tourism spending, rapid urbanization, increasing middle-class population and spending, etc. Some of the major challenges faced by the market are the threat from counterfeit products and volatility in raw material prices.

The report provides an in-depth analysis of the luggage market including detailed description of market sizing and growth. The report provides an analysis of the global luggage market by value and includes segment analysis as well. The report also includes regional analysis of the luggage market for the following regions: North America, Central and South America, Europe, Asia Pacific and Middle East & Africa.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall luggage market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The major players dominating the luggage market are Samsonite International S.A., VF Corporation, LVMH Group (Rimowa) and VIP Industries Limited. The four companies have been profiled in the report providing their business overview, financial overview and business strategies.

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