Surging Young and Women Population, Growth of E Commerce and Focus towards Non Oil sectors such as Tourism will have Strong Influence in the Industry: Ken Research

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• The target market for KSA bags and luggage industry includes people from all income categories and comprises of 33.4 mn domestic population as well as 19.7 mn international tourist arrivals demanding different types of bags such as handbags backpacks and laptop or business bags.
• Increase in number of expats from 9.7 Million in 2015 to 10.7 Million in 20201. requiring business bags (including Laptop Bags) for their daily activities has positively impacted the bag sales in the Kingdom
• Despite the ups and downs that the sector had experienced during the COVID-19 pandemic, KSA bags and luggage market will revive due to the pilgrim visits to Mecca and Medina in the coming year along with FIFA 2022 to take place in Qatar which might increase the tourists in KSA as well.

Growth beyond Luggage: Luggage Category is expected to grow @11.8% CAGR in the future period in the KSA market but its share of the overall bags and luggage market is still dwarfed by that of bags with handbags leading the charge with majority revenue share in the overall bags market in 2025F.

Less Popular Formats Gaining Ground: Because consumers are likely to opt for domestic destinations in the next few months along with focus on keeping a healthy lifestyle, a shift in preference towards smaller and convenient bags such as duffles, backpacks, and weekenders would be in demand. The company are also focusing on smaller products that can carry items like hand sanitizer and extra masks which can be folded up into a tiny square when not in use  and other accessories such as iPhones and sunglasses.

Smart Luggage: Technology is the major boosting factor for bags and luggage market largely driven by increasing global tourism coupled with growing trend of integrating luggage with technology. Increase in Internet penetration may lead to adoption of smart luggage in KSA. However, leading manufacturers have yet to officially launch any significant attempts at “smart luggage” in the country.

The report titled “Potential Assessment In Saudi Arabia Bags & Luggage Market – Driven by Change in Lifestyle, Increasing Travel and Tourism and Customer Inclination toward High-end Brands” by Ken Research suggested that the bags and luggage market is further expected to grow in the near future owing to Change in demographics, Increase in consumer spending and  Rise in E-commerce industry.  The growth in domestic tourism along with surging young and women population foreseeing handbags as a style statement than its functional aspect has supplemented the market growth. The market is expected to register a positive six year CAGR of 10.1% in terms of revenue during the forecast period 2020-2025F.

Key Segments Covered in Saudi Arabia Bags and Luggage Market

By Bags and Luggage

Bags

Luggage

By Type of Bags

Handbags

Backpacks

Business Bags

Wallet

Crossbody Bags

Duffel Bags

Briefcases

Other Bags (Totes, Baguettes, Satchels, Flaps, Hobos, Shopper Bags, Messenger Bags, Clutches and others)

By Type of Luggage

Hard Case

Soft Case

By Hard Case Luggage Capacity

30-50 L

50-90L

>90L

Roling Totes

Others such as Jewellery cases, Business case etc

By Soft  Case Luggage Capacity

30-50 L

50-90L

>90L

Garment Bags

Rolling Totes

Others

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By Price Range of Bags and Luggage

Premium

Economy

Luxury

By Sales Channel of Bags and Luggage

Offline

Online

By Retail Format of Bags and Luggage

EBOs

MBOs

Local Retailers

By Region

Riyadh

Jeddah

Dammam

Al khobar

Mecca and Medina

Others

Key Target Audience

Luggage Manufacturers

Bags Manufacturer

Retailers and Distributors

Time Period Captured in the Report

Historical Period: 2015-2020

Forecast Period: 2020–2025

Key Topics Covered in the Report

Saudi Arabia Luggage and Bags Market Introduction

Saudi Arabia Luggage and Bags Market Size, 2015-2020

Saudi Arabia Luggage and Bags Market Segmentation, 2015-2020

Growth Drivers for KSA Luggage and Bags Market

Understanding the Target Market for Bags & Luggage Industry

Recommended Store Layout & Proposed Business Framework

Landscape of Local Manufacturers, Distributors & Retailers in KSA Bags and Luggage Market

Potential B2B Partnership Strategy (Partnership with Corporate , Schools , CSD and Local Retailers )

Competition Scenario of Bags and Luggage Market in KSA

4Ps and Pricing Analysis in KSA Luggage and Bags Market

Global Practices and Global Case Scenarios that can be Adopted in KSA

Technological Innovations in Bags and Luggage Market

Consumer’s Decision Making Parameters and Buying Behavior in KSA Luggage and Bags Market

Issues and Challenges in KSA Luggage and Bags Market

KSA Luggage and Bags Market Future Outlook and Projections, 2020-2025F

GTM and Market Opportunities for KSA Luggage and Bags Market

For more information on the research report, refer to below link:

Saudi Arabia Bags & Luggage Market

Related Reports:-

India Luggage and Bags Market Outlook to 2025- Growth in Outbound & Domestic Tourists Coupled with Inclination Towards Branded Luggage Supporting Market Growth)

Philippines Luggage and Bags Market Outlook to 2023 - By Bags (Handbags, Backpacks, Cross body Bags, Duffel Bags, Wallet Coin Pouches, Business Bags, Other Small Bags), By Luggage (Hard and Soft Case), By Distribution Channel

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