Showing posts with label Private Label Luggage Brands India. Show all posts
Showing posts with label Private Label Luggage Brands India. Show all posts

Thursday, March 5, 2020

India Luggage and Bags Industry Research Report, Market Research Report, Market Revenue, Market Major Players, Luggage Manufacturing India, Soft Luggage Market, Premium Handbags Pricing: Ken Research


How Luggage and Bags Market is Positioned in India?
Liberalized rules in baggage and the presence of multinationals helped the customers in India to access the luggage of good quality. It led to a phase when the domestic companies such as VIP Industries and Safari Industries started competing with the foreign firms such as Samsonite and American Tourister. During this era, major companies adopted aggressive strategies and came up with multiple brands for various consumer groups. Popular travel bag categories included briefcases and wheeled luggage bags. India luggage and bags industry was observed to be in its growth stage where consumers are now seeing luggage as a status enhancer and a lifestyle based product. Improvement in the standard of living and rise in personal disposable income has led consumers to shift from local products to branded luggage thus, augmenting the recent trend of gifting branded luggage bags.

Shift in terms of luggage distribution from traditional stores to modern retail trade channels has been observed; as a result of which, manufactures have started doing heavy advertising expenditure to re-position brands in the Indian luggage industry. Also, soft luggage segment started gradually replacing hard cases in India. Companies have started investing in light-weight, youth-oriented and space-efficient travel bags, casual bags and business bags. Introduction of GST led to growth in organized sector which in the long run would ensure quality & competitiveness in future. Brands have also started opting for an omni channel approach to sustain growth in competitive environment along with focus on youth-oriented products hence, opting for customization. Also, surge in proliferation of products sales through online company portals have given a boost to the organized players sales volume. These players are also trying to tap in the rural segment with affordable pricing products.

India Luggage and Bags Market Segmentation
By Market Structure (Unorganized and Organized Market):
The unorganized segment within India luggage and bags has been traditionally dominating in terms of revenue. However, the situation is marginally turning out to be in favor of the established organized players. The organized players consist of high end showrooms i.e. exclusive brand outlets or multi-brand outlets and other hypermarket chains which tend to sell branded luggage, bag and other travel gear accessories whereas, the unorganized market consist of local shops and dealers.

By Product Type (Bags and Luggage):
The bags segment held a higher share in India luggage and bags market during 2019 owing to the launch of new product variants within handbags, backpacks and duffel bags. On the other hand, customers were observed to shift from hard luggage products to soft luggage segment in India. Similarly, luggage / bags with wheels contributed a massive share compared to non-wheeled luggage in India.

By Price Category (Mass/Economy, Premium and Luxury): Players such as VIP In. and Samsonite brands are positioned across all price segments in India. Whereas, players such as Da Milano, Gucci, Louis Vuitton are targeting high end luxury customers. On the other hand, Safari and Wildcraft are gaining traction in the mass/economy segment.

By Region (North, South, West and East): Western and Northern regions of India were observed to have better foothold in terms of luggage and bags manufacturers including the presence of VIP Industries Limited, Samsonite International, Safari Industries and others. However, manufacturing clusters of top 3 players are well diversified across all the regions in India, especially in the cities of Maharashtra such as Mumbai, Nashik and Nagpur. The Western region dominated, followed by Northern region, Southern and Eastern regions in the year 2019P.

By Distribution Channel: Bags and luggage specialist retailers (including exclusive business outlets) in India were observed to dominate in 2019. Product margins tend to be higher at EBOs and other retail outlets whereas, it was low in multi-brand outlets and E-commerce channels. Hypermarkets in India captured the second largest revenue share followed by other distribution channels.

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:-



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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249