Consumer Goods

Travel and Business Bags Market in China 2015-2019

  • TEC251002
  • 115 Pages
  • July 2015
  • Consumer Goods
About Travel and Business Bags Market in China

A rise in demand for trolley bags, as a consequence of increased travel and tourism activities, and the rising number of business travellers are driving the travel and business bags market in China. Rapid urbanization has contributed to improved living standard in China, resulting in consumers increasingly opting for stylish, and large bags for their travels.

The Chinese luggage market has undergone significant changes in terms of development and innovation in products in the last 20 years and more. Despite being the largest manufacturing hub of travel and business bags, it is still not the leading market in the world. This is primarily because most of the companies here have not received enough global exposure or investment on a large scale, which restricted their global reach. However, the changing political, economic, and social environment, and the rising e-commerce sector will propel growth in China, making it a recognized market globally.

The travel and business bags market in China can be segmented into four segments: Duffle bags, trolley bags and suitcases, backpacks, and business bags. The trolley bags and suitcase was the largest segment in terms of revenue and volume accounting for a market share of 39.62% and 35.06%, respectively.

Technavio predicts that the travel and business bags market in China will grow at a CAGR of 11.50% and 9.07%, in revenue and volume respectively, during 2014-2019.

Covered in this Report

The Technavio report, Travel and Business Bags Market in China 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. It covers the growth prospects of the market in the forecast period. The report also includes a discussion of the key vendors operating in the market.

Key Vendors
Ace
Baigou Bodian Luggage And Cases Bag
Delsey
Dragon King Case
Dudley
Guangdong Leaves King Bag Industry
HOCK International Group
Rimowa
Samsonite
Shanghai Arch Industrial
Shanghai Champion Trading
UTC
VF
Yullex Group (China)

Other Prominent Vendors
Adidas
Anyvention
Aldo
Alfred Dunhill
Boconi
C & J Clark International
Caribee
Changshu Maydiang, Group
Donna Karan International (DKNY)
Ferrari
Fossil
Hangzhou Xingchi Luggage
Marksman Luggage & Bag Industrial
Pierre Cardin
Puma
Shenzhen Binhao Luggage & Bag
Taizhou Baby Care Kids Products
USB International
Wenger
Xietong Luggage
Zhejiang Bubule Bags & Cases

Market Driver
Growth in Tourism Activities
For a full, detailed list, view our report

Market Challenge
Increase in Competition from Local Brands and Counterfeit Products
For a full, detailed list, view our report

Market Trend
Smart Luggage
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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