"The change in perception of bags and luggage among
Indian Consumers from mere commodity to a fashion accessory and status symbol
is becoming more prevalent therefore, leading to surge in demand for
personalized products among Indian households."
Over the past few years,
consumers have always separated luggage-bags from fashion and considered it a
mere commodity whereas now, Indians have started accepting it as style
accessory. As a result, manufacturers are working particularly hard towards
completely changing this perception. Well-established
brands such as VIP Industries, Samsonite and Safari industries are in
cut-throat competition with new entrants such as Da Milano, Hidesign and others
who are trying to establish a strong foothold within the Indian industry. Rising
businesses as well as leisure trips coupled with the surge in total disposable
income have collectively led to increased demand for luggage and bags
especially among the organized retailers which constitute high end showrooms
i.e. exclusive brand outlets or multi-brand outlets and other hyper market
chains which sell branded luggage, bag and other travel gear accessories. Within this category, the demand for
brand names has grown, as consumers aspire for goods that count as status
symbols / lifestyle choice.
The report
titled “India Luggage and Bags
Market Outlook to 2025- Growth in Outbound & Domestic Tourists Coupled with
Inclination Towards Branded Luggage Supporting Market Growth)” by Ken
Research suggested that the luggage and bags market is further expected to grow in future majorly due to
product distribution via online portals, fragmented space and investment in
smart luggage product segment. The market is expected to register a positive six
year CAGR of 10.3% and 10.2% in terms of revenue and sales volume respectively during
the forecast period 2019P-2025F.
Modern retailing and new
fashion trends have also been driving the sale of casual and travel luggage
bags in the country. From high fashion brands to runway collections, bag trends
have been gaining traction from newly launched beaded bags to old fashioned or
classic baguettes. Some of the highlights include miniature, net and bucket
bags.
When modern retailing is
taken into consideration, Indians have started preferring E-commerce channel
for a better shopping experience alongside convenience. Luggage has been
primarily purchased through traditional concept of brick and mortar stores
comprising of dealer outlets, company-owned-company-operated stores and
franchises, hypermarket chains and others. Online portals provide real time
unbiased feedback of a product which aids a customer in making an informed
choice while purchasing the product. Many online customized players have
started offering personalizing options wherein the suitcase has an approved
security lock, 4 wheels for easy travel and printed with the customer’s photos
or design. Apart from that, this channel is also known for offering high
discounts throughout the year in order to lure in more customers.
Key Segments Covered:-
Market Structure
Unorganized
Market
Organized
Market
Product Type
Bags
Handbags
Backpacks
Duffel
Bags
Wallet
and Coin Pouches
Cross
Body Bags
Business
Bags
Other
Small Bags (Jute Bags, Bags for Daily Usage and Bags for Small Purpose)
Luggage
Soft
Luggage
Hard
Luggage
Wheeled
Luggage
Non-Wheeled
Luggage
Price Category
Luggage
Price Category (Mass Segment, Premium Segment and Luxury Segment)
Handbag
Price Category (Mass Segment, Premium Segment and Luxury Segment)
Backpack
Price Category (Mass Segment, Premium Segment and Luxury Segment)
Duffel
Bag Price Category (Mass Segment, Premium Segment and Luxury Segment)
Region
North
Delhi
Ghaziabad
Uttarakhand
Other
Northern Cities
South
Bangalore
Hyderabad
Cochin
Other
Southern Cities
East
Kolkata
Patna
Cuttak
Orissa
Other
Eastern Cities
West
Mumbai
Ahamdabad
Indore
Other
Southern Cities
Distribution
Channel:-
Bags
and Luggage Specialist Retailers
Hypermarkets
Internet
Retailing
Department
Stores
Apparel
and Footwear Specialist Retailers
Stationers
/ Office Supply Stores
Other
Non-Grocery Specialists
Homeshopping
Key Target Audience:-
Luggage Manufacturers
Bags Manufacturer
Retailers and Distributors
Time Period Captured in the Report:-
Historical Period: 2013-2019P
Forecast Period: 2019P–2025F
Companies Covered:-
VIP
Industries Ltd
Samsonite
International SA
Safari
LVMH
Moët Hennessy Louis Vuitton SA
Wildcraft
India Pvt Ltd
Hermès
International SCA
Kering
SA
Hidesign
India Pvt Ltd
Da
Milano India
Baggit
Ltd
Burberry
Group Plc
Bagzone
Lifestyles Pvt Ltd
Tommy
Hilfiger
Others
(Salvatore Ferragamo SpA, Khadimm India Ltd, Leather Line, Richemont SA, Cie
Financiere, Adidas Group, PPR SA, Titan Industries Ltd, Shoppers Stop Ltd, VF
Corp, Harrisons Worldwide Pvt Ltd, Case Logic Inc, Giordano International Ltd
and Rest)
For More Information on the research report, refer to below
link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
