The Saudi Arabian market for bags and luggage is the area of the nation's economy that produces and sells various types of bags and luggage products. A large variety of products, including handbags, travel bags, backpacks, briefcases, suitcases, and other related accessories, are available in this market. The Saudi Arabian government's measures to promote tourism in the country have led to a great expansion of this sector. This has raised demand for travel-related accessories like bags and baggage. The highly competitive bags and baggage industry in Saudi Arabia is populated by numerous businesses. Many of these businesses have created a large presence in the Saudi Arabian market thanks to their high-quality products, extensive distribution networks, and well-known brands. In conclusion, the Saudi Arabian bags and luggage market is a thriving, increasing industry that offers a varied assortment of products to fulfil a range of customer needs. Rising disposable incomes, the popularity of internet shopping, and the development of the tourism industry are all predicted to contribute to market growth in the future.
The Saudi Arabian bags and baggage business has been significantly impacted by the COVID-19 outbreak. The market for travel-related bags and baggage products has fallen as a result of border closures and a decline in international travel. Due to widespread job losses and salary cuts, the epidemic has also led to a drop in consumer expenditure. Due to the risk of contracting an infection, consumers have been reluctant to visit physical businesses, which has exacerbated the trend towards online purchasing. As a result, numerous firms have made significant investments in their online presence, providing customers with virtual showrooms and online consultations. The COVID-19 pandemic has, in the end, had a conflicting effect on the Saudi Arabian bag and baggage sector. Although domestic tourism is expanding and online purchasing is becoming more popular, the market still has potential to rebound and expand in the future despite the reduction in foreign travel.
Saudi Arabia Bags & Luggage Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Adidas, Aldo Group, Burberry, Capri Holding, Christian Dior, Delsey, Kering, LVMH, Nike, Prada, Samsonite Group, Tommy, TUMI.
Saudi Arabia Bags & Luggage Market Segmentation:
By Type of Bags: Based on the Type of Bags, Saudi Arabia Bags & Luggage Market is segmented as; Handbags, Backpacks, Business Bags, Wallet, Crossbody Bags, Duffel Bags, Briefcases, Others.
By Type of Luggage: Based on the Type of Luggage, Saudi Arabia Bags & Luggage Market is segmented as; Hard Case, Soft Case.
By Hard Case Luggage Capacity: Based on the Hard Case Luggage Capacity, Saudi Arabia Bags & Luggage Market is segmented as; 30-50 L, 50-90L, >90L, Rolling Totes, Others.
By Soft Case Luggage Capacity: Based on the Soft Case Luggage Capacity, Saudi Arabia Bags & Luggage Market is segmented as; 30-50 L, 50-90L, >90L, Garment Bags, Rolling Totes, Others.
By Price Range of Bags and Luggage: Based on the Price Range of Bags and Luggage, Saudi Arabia Bags & Luggage Market is segmented as; Premium, Economy, Luxury.
By Sales Channel of Bags and Luggage: Based on the Sales Channel of Bags and Luggage, Offline, Online.
By Retail Format of Bags and Luggage: Based on the Retail Format of Bags and Luggage, Saudi Arabia Bags & Luggage Market is segmented as; EBOs, MBOs, Local Retailers.
By Region: This report also provides the data for key regional segments of Riyadh, Jeddah, Dammam, Al Khobar, Mecca and Medina, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.