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Luggage Industry Is Packing A Good Growth Rate


All of us have to travel from one place to another at some point of time, be it for leisure, business, work or just moving from town to another. Since traveling is a continuous process for many people and they have to move frequently, they have to carry all their essential items with them like clothes, toiletries, electronic gadgets, gifts, and other personal usage articles. To carry and keep all these stuff together, you have to pack them together. For that purpose, you will need a bag or a suitcase in which you can put all these items and carry them with you. Be it a long trip or a short journey, a bag or a suitcase is an important thing without which you will not be able to take all your belongings together.




For traveling purpose and to for packing your luggage, there are different types of bags and suitcases available in the market. They come in different types of shapes, sizes, and colors as well. Apart from that, you also get to choose the texture and material type that ranges from hard, soft, and semi-soft. The bags and suitcases come with many handy features now a day and are easy to carry anywhere, which makes it easy to transport them. The most convenient feature that is given in most of the bags and suitcases is the extension handles. These handles can be extended according to your convenient height and length. The complying feature is the availability of wheels, which makes it easy to pull or push the luggage without any hassle and frees you from the trouble of lifting it and carrying it from one place to another.

The suitcases and bags are today not just a mere item of putting things together in them and dragging it. It has also become a part of our style statement. The bags and trolley suitcases come in funky and trendy designs as well, which becomes a style statement for you as well. They are available in various vibrant colors like purple, red, maroon, sky-blue, brown and black. You can get a whole range of luggage items like bags, suitcase, duffels, briefcase, laptop bags, sling bags, bag packs, etc. You can choose any one according to your need and requirement. They are available in different price and of different brands as well.

The luggage market is also growing as the traveling habit of the people is also advancing with the passage of time. They are looking for luggage that looks stylish and can accommodate more items in a single suitcase rather than creating a pile of them. Extendable and soft luggage is helpful to stuff in a good amount of luggage in a single suitcase which the hard luggage is not able to contain.
The luggage market has plenty of big brand names which have substantial positions. The major brand names include Samsonite, VIP, American Tourister, Safari, and Aristocrat, which are available in the market. There are some local luggage and suitcase manufacturers too, which also have good amount of market share in the smaller towns and cities of India.

The global luggage market is expected to grow significantly to a whopping $ 13.2 billion between 2017 to 2022 at the rate of 6% CAGR. The travel and tourism industry is the biggest contributor to the growth of luggage manufacturing industry as people are buying more suitcases and bags for traveling from one place to another. The increased disposable income and change in lifestyle habits is also adding to the growth of the luggage industry. It is expected that with this trend, the growth of the luggage industry will receive a further boost in the future as well. 

https://www.eresearchnmarkets.com/                                        

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