The luggage market is booming, with consumers looking for luggage that is both stylish and functional. There are a variety of options available to consumers, from hard-sided luggage to shoulder bags.
The hard-sided luggage market is particularly strong, as consumers look for luggage that is both durable and stylish. Some of the most popular hard-sided luggage options include the Osprey Porter 46L and the Deuter Flash 22. These luggage options are both stylish and functional, and they are both durable and able to hold a lot of weight.
The shoulder bag market is also growing, as consumers look for luggage that is both easy to carry and stylish. Some of the most popular shoulder bags include the Miu Miu Tote and the Anya Hindmarch Emporium. These shoulder bags are both stylish and functional, and they are both easy to carry and durable.
There are a variety of options available to consumers when it comes to luggage, and there is sure to be a luggage option that is perfect for your needs. If you are looking for stylish and functional luggage, the luggage market is definitely booming.
The luggage market is a rapidly growing industry, with a current value of $22.9 billion. This market is expected to grow at a rate of 6.8% annually, reaching a value of $32.5 billion by 2021. The main drivers of this growth are the increasing number of air passengers and the rising popularity of luxury luggage.
The largest segment of the luggage market is the travel luggage segment, which is projected to grow at a rate of 7.4% annually and reach a value of $18.8 billion by 2021. This segment is driven by the increasing number of air passengers and the rising demand for lightweight and durable luggage.
The luxury luggage segment is the fastest-growing segment of the luggage market, with a projected growth rate of 9.5% annually. This segment is driven by the growing demand for high-quality luggage made from premium materials.
The North American luggage market is the largest regional market, with a value of $8.2 billion in 2016. The Asia-Pacific luggage market is the fastest-growing regional market, with a projected CAGR of 10.0% from 2016 to 2021.
The major players in the luggage market are Samsonite, American Tourister, and Delsey. These companies are all focusing on expanding their presence in the luxury luggage segment.