Online Preference: The growing preference for online shopping has led to a significant shift in consumer preferences in the purchase of travel bags and other luggage bags through e-commerce platforms, such as Amazon and eBay. The business bags segment is gaining significant traction in the market studied due to the increasing business travel worldwide and economic improvements in Australia market. Demand from online shopping is expected to grow in upcoming years, providing an opportunity for industry expansion.
High Competition: The Australia Bags & Luggage Market is highly competitive which provides a wide range of variety for the customers but ultimately makes it difficult for the players to keep up with the trends. The competition is based on good product quality, high quality products at affordable prices, smart fashion. Features like Smart lock, USB port, magnetic zipper puller, finger print lock are in trend. Moreover, the Australia luggage market is increasingly engaged in the production of luggage bags, backpacks, duffel bags, laptop bags, and other various business travel bags, thus, driving the market further in the region.
Analysts at Ken Research in their latest publication, “Australia Bags & Luggage Market Outlook 2027F- Driven by Online shopping preference & fast fashion trends” by Ken Research observed that Australia Bags & Luggage Market is in a growth phase & is expected to grow at a CAGR of ~% in the upcoming years owing to fast fashion trends. It is to be noted that the Australia Bags & Luggage market is fragmented with major global brands occupying almost half of the market with companies competing not only on the basis of product quality, cost, demand for the product & estimated revenue.
Key Segments Covered
By Product Type
- Travel bags
- Business Bags
- Leisure Bags
- Sports bags
- Others
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By Distribution Channel
- Online
- Offline(Supermarkets, Speciality store, others)
By Market Structure
- Organized
- Unorganized
Price category
- Luggage Price Category(Mass Segment, Premium segment, Luxury segment)
- Handbag Price Category (Mass Segment, Premium segment, Luxury segment)
- Backpack Price Category (Mass Segment, Premium segment, Luxury segment)
- Duffel Bag Category (Mass Segment, Premium segment, Luxury segment)
By Luggage
- Soft Luggage
- Hard Luggage
- Wheeled Luggage
- Non-Wheeled Luggage
Time Period Captured in the Report:
- Historical Period: FY’17- FY’22P
- Base Year: FY’22P
- Forecast Period: FY’23F – FY’27F
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Key Target Audience
- Luggage Manufacturers
- Bags Manufacturers
- Retailer & Distributors
Key Players Covered
- Gucci
- Australian Tourister
- Mimco
- Brie Leon
- Oroton
- July
- Antler
Key Topics Covered in the Report:
- Executive Summary of Australia Bags & Luggage Market
- Country Overview of Australia Bags & Luggage Market
- Overview of Australia Bags & Luggage Market
- Market Size of Australia Bags & Luggage Market
- Market Segmentation Australia Bags & Luggage Market
- Industry Analysis of Australia Bags & Luggage Market
- Consumer Analysis of Australia Bags & Luggage Challenges and restrains
- Competitive Analysis of Australia Bags & Luggage Market
- Future Outlook of Australia Bags & Luggage Services
- Covid Analysis of Australia Bags & Luggage Market
- Analyst Recommendations
For more insights on the market intelligence, refer to below link:-
Australia Bags and Luggage Market
Related Reports by Ken Research: –
India Luggage and Bags Market Outlook to 2025
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