Travel and Business Bags Market in India 2015-2019

Travel and Business Bags Market in India 2015-2019

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USA – CANADA – UK – CHINA – INDIA


The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Travel and Business Bags Market in India 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “The increase in urbanization and rising income levels among consumers contribute to an increase in per capita consumption and propel the growth of the market. Demand for expensive and premium travel bag brands is also on the rise, as is demand for travel and business bags among working women.”

• The travel and business bags market in India is expected to post a rapid growth during the forecast period. The growth is driven by an increase in travel and tourism activities, and rising number of business travelers, leading to a surge in demand and subsequent sales of travel and business bags in the country.

• Technavio predicts that the travel and business bags market in India will grow at a CAGR of 15.49% and 13.31%, in terms of revenue and volume respectively, during 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:



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Vendors

To understand the vendor landscape and for a full list of vendors view our report:


Delsey

LVMH Group

Safari Industries

Delsey was founded in 1946 and is headquartered in Tremblay-en-France, France. The company manufactures and markets travel, leisure, and business luggage. It also offers camera bags, and luggage security locks such as TSA, and combination and key padlocks.

LVMH Group was founded in 1987 and is headquartered in Paris, France. The company is a retail company that manufactures and sells luxury products.

Safari Industries was founded in 1980 and headquartered in Mumbai, India. The company manufactures and distributes travel goods. Its product offerings include bags, rolling duffels, business cases, pillows, locks, wheel trolleys, suitcases, security straps, and laptop bags. In addition, the company manufactures polycarbonate plastic luggage.




Market Landscape

• The travel and business bags market in India is expected to post a rapid growth rate during the forecast period.

• The growth of the travel and business bag market is controlled by various factors, of which travel and tourism activities and the rising numbers of business travelers are the main factors driving demand.

• The rise in travel traffic has increased the sales of travel and business bags. In 2013, India witnessed a total of 69.6 million inbound and 61.8 million outbound tourists.

• Leisure travel and international business travel are considered to be the major drivers of the market, with a 3% and 2% increase in international holidays.

• Apart from this, beach holidays and city trips also saw an increase, but cruises and tours showed signs of decline.


Market OutlookGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

• The increased use of social media by consumers has made it integral to marketing campaigns.

• For travel bag retailers in India, the platform provides instant brand visibility and access to a huge potential consumer base.

• India is one of the most socially engaged markets in the world, and social media will become an essential tool with which to engage shoppers.

• As of 2014, India had around 110 million social media users and is poised to overtake the US in the near future.

• More than 99 million of these users browse the platform on their mobile phones at least once a month.

• Baggit takes advantage of this by preparing a monthly plan consisting of around 15 to 20 posts that help the company build brand awareness, engage customers, and launch their latest collections.

• The company also allocates 10% of its budget to digital marketing.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Travel and Business Bags Market in India 2015-2019

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