India Luggage and Bags Market Growth, Revenue, Share, Trends and Future Opportunities 2032
India Luggage and Bags Market Size- By Market Structure, By Product Type, By Luggage, By Price Category, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Jan-2023 | Report ID: FMCG2301 | Pages: 1 - 104 | Formats*: |
| Category : Consumer & Retail | |||
India Luggage and Bags Market Overview
According to SPER Market Research, the India Luggage and Bags Market is estimated to reach USD 24.09 billion by 2032 with a CAGR of 6.18%.
Over the review period, the India luggage and bag market expanded at a double-digit growth rate, which was further aided by rising travel-related spending for both leisure and business travel, an increase in the number of online portals, the introduction of products with reasonable prices, and a shift in consumer preference from unbranded to branded quality products. The advent of numerous foreign competitors has also helped with this. High consumer demand contributed significantly to the Indian luggage and bag industry's strong expansion, but the value of the US dollar declined, which hurt the profitability of many Indian producers.
In the near future, the India luggage and bag market will be driven by factors such as new product variations, investments in smart baggage items, online distribution, and a change from mass to premium pricing positioning. Numerous new sales channels, such as the canteen store department (CSD) in India, will expand in the future in addition to the traditional dealer / distribution routes. The profitability of luggage and bag producers is still under pressure from the depreciation of the INR versus the USD, which has led to cost reduction and an increase in consumer pricing.
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Impact of COVID-19 on the India Luggage and Bags Market
The baggage and backpacks sector has been severely impacted because the COVID-19 pandemic has compelled a significant portion of the world's population to stay at home due to travel restrictions and lockdown. Additionally, the majority of prospective buyers restricted their spending on travel accessories, which negatively impacted the sales revenues of the leading brands in the luggage industry. However, as the pandemic situation steadily improves, consumer buying habits have grown stronger, and it is anticipated that the industry will once again reach its full potential as the economies of developing countries strengthen. The shift in consumer preferences for high-end luggage, the expanding travel and tourism sector, and the changing lifestyle are all anticipated to have a beneficial impact on the market's expansion throughout the projected period.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Market Structure, By Product Type, By Luggage, By Price Category, By Distribution Channel |
| Regions covered | East, North, South, West |
| Companies Covered | Baggit Ltd, Bagzone Lifestyles Pvt Ltd, Burberry Group Plc, Da Milano India, Hermes International SCA, Hidesign India Pvt Ltd, Kering SA, LVMH Moet Hennessy Louis Vuitton SA, Safari, Samsonite International SA, Tommy Hilfiger, VIP Industries Ltd, Wildcraft India Pvt Ltd |
Target Audience-
- Luggage Manufacturers
- Bags Manufacturer
- Retailers and Distributors
India Luggage and Bags Market Segmentation:
1.By Market Structure:
- Organized
- Unorganized
2.By Product Type:
- Backpacks
- Bags
- Business Bags
- Cross Body Bags
- Duffel Bags
- Handbags
- Wallet and Coin Pouches
- Other Small Bags
3.By Luggage:
- Soft Luggage
- Hard Luggage
- Wheeled Luggage
- Non-Wheeled Luggage
4.By Price Category:
- Luxury
- Mass/Economy
- Premium
5.By Distribution Channel:
- Apparel and Footwear Specialist Retailers
- Bags and Luggage Specialist Retailers
- Department Stores
- Homes hopping
- Hypermarkets
- Internet Retailing
- Other Non-Grocery Specialists
- Stationers/Office Supply Stores
6.By Region:
- East
- North
- South
- West
Key Topics Covered in the Report:
- Size of India Luggage and Bags Market (FY’2019-FY’2032)
- Overview of India Luggage and Bags Market
- Segmentation of India Luggage and Bags By Market type (Organized, Unorganized)
- Segmentation of India Luggage and Bags Market By Product Type(Backpacks, Bags, Business Bags, Cross Body Bags, Duffel Bags, Handbags, Wallet and Coin Pouches, Other Small Bags)
- Segmentation of India Luggage and Bags Market By Luggage(Soft Luggage, Hard Luggage, Wheeled Luggage, Non-Wheeled Luggage)
- Segmentation of India Luggage and Bags Market By Price Category(Luxury, Mass/Economy, Premium)
- Segmentation of India Luggage and Bags Market By Distribution Channel(Apparel and Footwear Specialist Retailers, Bags and Luggage Specialist Retailers, Department Stores, Homeshopping, Hypermarkets, Internet Retailing, Other Non-Grocery Specialists, Stationers/Office Supply Stores)
- Statistical Snap of India Luggage and Bags Market
- Growth Analysis of India Luggage and Bags Market
- Problems and Challenges in India Luggage and Bags Market
- Competitive Landscape in the India Luggage and Bags Market
- Impact of COVID-19 and Demonetization on India Luggage and Bags Market
- Details on Recent Investment in India Luggage and Bags Market
- Competitive Analysis of India Luggage and Bags Market
- Major Players in the India Luggage and Bags Market
- SWOT Analysis of India Luggage and Bags Market
- India Luggage and Bags Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the India Luggage and Bags Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 India Luggage and Bags Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Luggage and Bags Market
7. India Luggage and Bags Market, By Market Structure,2019-2032 (USD Million)
7.1 Organized7.2 Unorganized
8. India Luggage and Bags Market, By Product Type, 2019-2032 (USD Million)
8.1 Backpacks8.2 Bags8.3 Business Bags8.4 Cross Body Bags8.5 Duffel Bags8.6 Handbags8.7 Wallet and Coin Pouches8.8 Other Small Bags
9. India Luggage and Bags Market, By Luggage, 2019-2032 (USD Million)
9.1 Soft Luggage9.2 Hard Luggage9.3 Wheeled Luggage9.4 Non-Wheeled Luggage
10. India Luggage and Bags Market, By Price Category, 2019-2032 (USD Million)
10.1 Luxury10.2 Mass/Economy10.3 Premium
11. India Luggage and Bags Market, By Distribution Channel, 2019-2032 (USD Million)
11.1 Apparel and Footwear Specialist Retailers11.2 Bags and Luggage Specialist Retailers11.3 Department Stores11.4 Homes hopping11.5 Hypermarkets11.6 Internet Retailing11.7 Other Non-Grocery Specialists11.8 Stationers/Office Supply Stores
12. India Luggage and Bags Market, By Region, 2019-2032 (USD Million)
12.1 India Luggage and Bags Adhesives Size and Market Share by Region (2019-2025)12.2 India Luggage and Bags Size and Market Share by Region (2026-2032)12.3 East
12.3.1 Cuttack Orissa12.3.2 Kolkata12.3.3 Patna12.3.4 Other Eastern Cities
12.4 North
12.4.1 Delhi12.4.2 Ghaziabad12.4.3 Uttarakhand12.4.4 Other Northern Cities
12.5 South
12.5.1 Bangalore12.5.2 Cochin12.5.3 Hyderabad12.5.4 Other Southern Cities
12.6 West
12.6.1 Mumbai12.6.2 Ahmedabad12.6.3 Indore12.6.4 Other Western Cities
13. Company Profiles
13.1 Baggit Ltd
13.1.1 Company details13.1.2 Financial outlook13.1.3 Product summary13.1.4 Recent developments
13.2 Bagzone Lifestyles Pvt Ltd
13.2.1 Company details13.2.2 Financial outlook13.2.3 Product summary13.2.4 Recent developments
13.3 Burberry Group Plc
13.3.1 Company details13.3.2 Financial outlook13.3.3 Product summary13.3.4 Recent developments
13.4 Da Milano India
13.4.1 Company details13.4.2 Financial outlook13.4.3 Product summary13.4.4 Recent developments
13.5 Hermes International SCA
13.5.1 Company details13.5.2 Financial outlook13.5.3 Product summary13.5.4 Recent developments
13.6 Hidesign India Pvt Ltd
13.6.1 Company details13.6.2 Financial outlook13.6.3 Product summary13.6.4 Recent developments
13.7 Kering SA
13.7.1 Company details13.7.2 Financial outlook13.7.3 Product summary13.7.4 Recent developments
13.8 LVMH Moet Hennessy Louis Vuitton SA
13.8.1 Company details13.8.2 Financial outlook13.8.3 Product summary13.8.4 Recent developments
13.9 Safari
13.9.1 Company details13.9.2 Financial outlook13.9.3 Product summary13.9.4 Recent developments
13.10 Samsonite International SA
13.10.1 Company details13.10.2 Financial outlook13.10.3 Product summary13.10.4 Recent developments
13.11 Tommy Hilfiger
13.11.1 Company details13.11.2 Financial outlook13.11.3 Product summary13.11.4 Recent developments
13.12 VIP Industries Ltd
13.12.1 Company details13.12.2 Financial outlook13.12.3 Product summary13.12.4 Recent developments
13.13 Wildcraft India Pvt Ltd
13.13.1 Company details13.13.2 Financial outlook13.13.3 Product summary13.13.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The India Luggage and Bags Market is projected to reach USD 24.09 billion by 2032, growing at a CAGR of 6.18% during the forecast period.
The India Luggage and Bags Market grew in market size from 2021. The Market is expected to reach USD 24.09 billion by 2032, at a CAGR of 6.18% during the forecast period.
The India Luggage and Bags Market CAGR of 6.18% during the forecast period.
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The India Luggage and Bags Market size is USD 24.09 billion from 2022 to 2032.
The India Luggage and Bags Market segment is Covered By Market Structure, By Product Type, By Luggage, By Price Category, By Distribution Channel.
The Asia Pacific region is anticipated to have the highest market share in the India Luggage and Bags Market.
The key players in the market include Companies Covered Baggit Ltd, Bagzone Lifestyles Pvt Ltd, Burberry Group Plc, Da Milano India, Hermes International SCA, Hidesign India Pvt Ltd, Kering SA, LVMH Moet Hennessy Louis Vuitton SA, Safari, Samsonite International SA, Tommy Hilfiger, VIP Industries Ltd, Wildcraft India Pvt Ltd.
The India luggage and bag market will be driven by factors such as new product variations, investments in smart baggage items, online distribution, and a change from mass to premium pricing positioning. Numerous new sales channels, such as the canteen store department (CSD) in India, will expand in the future in addition to the traditional dealer / distribution routes.
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