The report titled
“Saudi
Arabia Bags and Luggage Market Outlook to 2023 – By Type (Backpacks, Business
Bags, Cross body Bags, Duffel Bags, Handbags, Wallet and Other Bags); By Handbag
Price Segment (Luxury, Premium, Economy)” provides a comprehensive
analysis on the Bags and Luggage Industry of Saudi Arabia. The report covers
various aspects including market size, market segmentation Market Segmentation
of Bags Market by Types of Bags (Backpacks, Business Bags, Cross body Bags,
Duffel Bags, Handbags, Wallet and Other Bags), by Type of Handbag (Luxury,
Premium and Economy), By Retail Format (Multi Brand Outlets (MBOs), Exclusive
Brand Outlets (EBOs) and Local Retailers), By Sales Channel (Online Channel and
Offline Channel), By Material (Leather (inc faux and Suede leather) and Non
Leather), By Region (Central, West, South, East, and North). Market
Segmentation of Luggage Market By Price Segment (High (SAR 500<), Medium
(SAR 250- SAR 500), and Low (SAR 250>), By Case Type (Hard Case and Soft
Case), By Region (Central, West, South, East and North), By Sales Channel
(Offline and Online), By Retail Format (MBOs, EBOs and Local Retailers), Industry
factors including trends and developments, challenges, trade scenario, Porter’s
five force analysis, competitive landscape. The report concludes with future
projection and analyst recommendations highlighting the major opportunities and
cautions.
The
bags and luggage market in Saudi Arabia is in its late growth stage. This is
evident from the fact that all major international players have shown their
presence in the market and are competing aggressively to dominate. Bags are in
very high demand as compared to luggage and the global leader LVMH dominates
the Saudi bags market. There is no major domestic designer brand in luxury
segment. Majority of the domestic bag companies are in the low price segment
and lack total presence in hard case luggage market. EBOs and MBOs are biggest
retail channel for sale of bags and luggage in Saudi Arabia.
Bags Market Segmentation
By Type of Bags: Handbags dominated the Saudi
Arabian market generating more than a third of total revenue. Other bags have
an extensive product reach which include backpacks, cross body bags, handbags,
wallets, coin pouches and similar. Most of these bag types are used on a daily
basis and are considered a necessity and hence have a small share as they are
generally purchased under low and premium category.
Hand Bags by Price Range: Premium
category is the leading category in this segment followed by luxury and economy
category. Luxury brands include global majors such as LVMH, Prada, Coco Chanel,
Gucci and similar. Premium category
are in highest
demand due to their value for money considering that women like to replace
their bags at regular interval.
By Region: Central region is the biggest
market for bags in Saudi Arabia. Riyadh the capital city of KSA is home to the
largest potential population base is in the central region. Western part of the
country is the second largest bag market and is followed by South, East and
Northern region having minority share in the bags market.
By Sales Channel: The bags market in Saudi
Arabia was dominated by offline channel which comprise of Multi Brand Outlets
(MBOs), Exclusive Brand Outlets (EBOs) and Local Retailers. The online sales account
for minority share and is still under development stage.
Luggage Market Segmentation
By Price Segment: Majority of the
products sold are in medium price range. This is mainly due to the fact that
all major brands selling to the mass have their presence in this price range.
Standard size luggage is most popular and is in high demand. During 2018, high price segment and low price
segment have an equal share in the luggage market of Saudi Arabia.
By Case Type: Sales of hard case luggage
generated the majority of the revenue. Aluminum, Polycarbonate, Polypropylene,
Leather and ABS are some commonly used material which make them sturdy and long
lasting. These also offer the protection against external pressure and
deformation of stored item. Soft case types are considered less durable as
compared to hard case type and are in low demand. Samsonite and American Tourister
are two of the major brands which operate in this segment.
Competitive Landscape
The
Saudi Arabia Bags and Luggage market is moderately concentrated. LVMH Moet
Hennessy Louis Vuitton is the market leader and has the highest market share in
the Bags and Luggage market in Saudi Arabia during 2018. Nike, Kering, Prada,
Samsonite, Capri Holding, Delsey and Burberry are some of the other major
players in the market. They compete on the basis of Price, Quality, Utility and
Retail Presence.
Saudi Arabia Bags and
Luggage Market Future Outlook
It is anticipated
that Saudi Arabia Luggage and Bags market will register a positive CAGR during
the period 2018–2023E. Shift in cultural orientation towards West in
accessorizing, recovering economic scenario, easy availability of international
brands in domestic market, rising area of retail space in mall is are expected
to remain the major drivers for demand of bags and luggage in Saudi Arabia.
Key Segments Covered
Market Segmentation of Bags Market
Types of Bags
Backpacks
Business Bags
Cross body Bags
Duffel Bags
Handbags
Wallet
Other Bags
Type of Handbag
Luxury
Premium
Economy
By Distribution Channel
Multi Brand Outlets
(MBOs)
Exclusive Brand
Outlets (EBOs)
Local Retailers
Online Sales
By Material
Leather (inc faux
and Suede leather)
Non Leather
By Region
Central
West
South
East
North
Market Segmentation of Luggage Market
By Price Segment
High (SAR 500<)
Medium (SAR 250-
SAR 500)
Low (SAR 250>)
By Case Type
Hard Case
Soft Case
By Region
Central
West
South
East
North
By Sales Channel
Online
MBOs
EBOs
Local Retailers
Time Period Captured in the Report:
Historical
Period: 2013-2018
Forecast Period:
2019-2023E
Companies Covered:
Louis Vuitton
(LVMH)
Avon Products
Inc.
VF Corporation
Samsonite
international SA
Adidas AG
Nike Incorporated
Herschel Supply
Co.
Hermes’s
Marithé et François Girbaud
Key Topics Covered in the Report
Value Chain
Analysis
Market
Size,2013-2018
Market Segmentation
Trends and Developments
Issues and Challenges
Trade Scenario
Porter’s Five Forces Analysis
Competitive Scenario
Company Profile of Major Players
Future Market Size. 2018-2023
Future Market Segmentation, 2023E
Analyst Recommendation
Wallet
Industry Saudi Arabia
Backpack
Market Saudi Arabia
Business Bag
Sales Saudi Arabia
Luggage
Turnover KSA
Hard Case
Luggage Sales KSA
Imported Bag
Sales Saudi Arabia
Luxury
Handbag Market KSA
Saudi Arabia
Bags and Luggage Market
Saudi Arabia
Bags and Luggage Industry
Bags and
Luggage Businesses Saudi Arabia
Saudi Arabia
Bags and Luggage Market Revenue
Major
Companies Bags Saudi Arabia
Major
Companies Luggage Saudi Arabia
Saudi Arabia
Bags Sales
Saudi Arabia
Luggage Revenue
Handbag
Market KSA
Bags Luggage
Distribution Channels Saudi Arabia
Bags Sales in
Riyadh
Luggage
Market in Saudi Arabia
Bags Market
Trends KSA
Luggage and
Bags Future Saudi Arabia
Luggage and
Bags Recent Developments
Samsonite
Saudi Arabia Market
Avon Saudi
Arabia Market
Louis Vuitton
Saudi Arabia Market
Adidas Saudi
Arabia Market
Nike Saudi
Arabia Inc. Market
Capri Holding
Company Bags
Luggage and
Bags Target Consumers Saudi Arabia
Bags demand
Saudi Arabia
Luggage
retailers Saudi Arabia
Online Bags
sales Saudi Arabia
Bags importers Saudi Arabia
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5. Seasonal Discounts during festive months of Eid and Ramadan, New years and Christmas are offered for high influx of customers in the Stores
7. Also, the growth of E-commerce, FDI, rising Tourism, and surging Young and Women population will further fuel the growth of the Bags & Luggage market in KSA
