Global Business Luggage Market Forecast to 2023-By Region (North America, Europe, Asia-Pacific, RoW)

Date: 31 January 2019

Global Business Luggage market is anticipated to advance ata high CAGR of 7.8% during 2018-2023, mainly due to growing business tourism spending,rapid urbanization and global positive economic growth

Theincreasing penetration of smart phone, reducing price in data usage and growinge-commerce industry is contributing immensely to the vigorous growth ofBusiness Luggage. The online platforms have various advantages over rationalretail stores. Firstly, the online platforms are transforming to virtual onlinestores with variety of products at one virtual place. The customers have hugeconvenience in terms of access to thousands of homogenous products at onevirtual place which reduces the physical efforts to roam into the stores. Theonline distribution channel also provide ease in placing order and makingpayments.

Manyplayers have reported an increase in overall sales through e-commerce platformssuch as amazon, e-bay and Alibaba etc. Also, the leading players are investingsignificantly into the segment to address growing tech savvy population. Hence,it is highly recommended to shift focus on the online platforms.

What are the major Business Luggage segments covered inthe Azoth Analytics report?

The major biomaterial segments covered in the report include

·        By PricePoint (Value & Mid-Level, Premium, Luxury)

·        ByDistribution Channel (Specialty Stores, Departmental Stores, Internet Sales, Others)

What are the regions and countries covered in the studyon Business Luggage market?

The regional markets covered in the report include NorthAmerica, Europe, APAC and RoW.

The countries analyzed in the report include United States,Canada, United Kingdom, Germany, France, China, India, Japan.

Name the companies profiled in the report?

The companies profiled in the report include Samsonite International S.A.,RIMOVA, Briggs & Riley Travelware, VIP Industries Ltd., VF Corporation,DELSEY, Fox Luggage Inc.

What are the key factors driving the market of Business Luggage?

·        IncreasingPassenger Traffic Worldwide

·        Prospering Business Travel & TourismIndustry

·        Rising Per Capita Income

·        IncreasingUrban Population