“Global Luggage Market, By Product Type (Casual Bags, Travel Bags, Business Bags), By Distribution Channel (Specialist Retailers, Factory Outlets, Internet Sales), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the Global Luggage Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $36,89.4 Mn, and is estimated to increase substantially over the latter part of the forecast period.
Luggage refers to the suitcases and other bags that are used by individuals to store and transport their belongings when travelling.
In recent years, the steady increase in the number of individuals needing to travel, either within a country or overseas, for the purposes of business or pleasure, is a major factor that is anticipated to boost the sales of various types of luggage exponentially, in turn continuing to compliment future market growth opportunities for the Global Luggage Industry. Moreover, the steady increase in the disposable incomes of individuals across the world is also a factor that is slated to further compliment the revenue growth of the Global Luggage Market in the years to come. In addition, the increase in investments being made by key industry players towards the development of ‘smart’ luggage solutions that come equipped with various features such as, USB charging ports, Bluetooth capability, GPS tracking, etc., is also anticipated to substantially boost product sales drastically in the foreseeable future. Although we are in the middle of a pandemic which has altered the way businesses presently function, if at all, the global travel industry is gradually experiencing a steady increase in the number of individuals seeking to do the same, on account of the various safety measures being enforced, as well as the gradual disbursement of a COVID-19 vaccine in the following months. These are some of the other elements that are expected to further augment the global market footprint of this sector, and are some of the most crucial factors anticipated to play a critical role in augmenting projected revenues for the Global Luggage Market to $50,807.4 Mn by 2029, at a CAGR of 8.5%.
MarketResearch.biz is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. MarketResearch.biz offers services such as data mining, information management, and revenue enhancement solutions and suggestions. We cater to industries, individuals, and organizations across the globe, and deliver our offerings in the shortest possible turnaround time.
Like us on Facebook: https://www.facebook.com/marketresearch.biz
Follow on Twitter+: https://twitter.com/PrudourResearch
420 Lexington Avenue, Suite 300
New York City, NY 10170,
Email ID: email@example.com