Albany, NY -- (SBWire) -- 10/25/2017 -- It has been noted that the global market for global leather luggage and goods market is likely to witness moderate growth attributed to rising need for water and dust resistant luggage products. To study the different variations occurring in the market, a new study has been added to the wide database of Market Research Hub (MRH). This research report is titled "Global Market Study on Leather Luggage and Goods: Travel Bags to Represent a Leading Segment during 2017 – 2022", which discusses the recent trends and market dynamics linked to the leather luggage and goods market.
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This report offers clear insights on factors contributing towards the growth of the global leather luggage and goods market. The readers can learn about the different trends that are expected to impact the future and current status of the market. This study bifurcates the worldwide leather luggage and goods market on the basis of product type, gender type, distribution type, and region. According to research findings, the concerned market is expected to register a moderate CAGR during the forecast period. Further, in terms of revenue, the leather luggage and goods sector are expected to acquire a value of over US$ 525 Bn by the end of 2022.
Based on product type, the market is segmented into travel bags, casual bags, business bags, footwear accessories, glove accessories etc. The distribution channel for these items is primarily focused on online stores and retail stores. Geographically, the global market for leather luggage and goods is studied across North America, Europe, Latin America, APEJ, MEA, and Japan. Among these, North America is predicted to represent the largest market in terms of regional expanse. Considering the gender aspect, the women segment is likely to represent the highest revenue growth. By the end of 2017, this segment alone is expected to grab US$ 66,000 Mn in the global luggage and goods market.
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The concluding section deals with the competitive landscape which covers the market share occupied by key players. Some of the prominent manufacturers from the global leather luggage and goods market are Christian Dior SE, Kering SA, Hermès International SCA, LVMH Moët Hennessy Louis Vuitton SE, Prada SpA, Knoll, Inc., V.I.P. Industries Ltd., Samsonite International SA, and Delsey Luggage Inc. Each of these players is studied based on key developments, SWOT analysis, and sales data.
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Global Leather Luggage and Goods Market Study and Forecast Analysis, 2017-2022
On the basis of product type, the travel bags segment is expected to represent the highest revenue growth in the global market, accounting for a value of over US$ 35,000 Mn.