Suitcase and Briefcase Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Suitcase and Briefcase Market Size- By Product, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: FMCG2446 | Pages: 1 - 234 | Formats*: |
| Category : Consumer & Retail | |||
Suitcase and Briefcase Market Introduction and Overview
According to SPER Market Research, the Global Suitcase and Briefcase Market is estimated to reach USD 56.87 billion by 2033 with a CAGR of 5.86%.
The report includes an in-depth analysis of the Global Suitcase and Briefcase Market, including market size and trends, product mix, Applications, and supplier analysis. Although both sorts of bags are used to transport items, a briefcase and a suitcase have different uses. Usually bigger, a suitcase is used to store clothes and other personal belongings during travel. Usually, it features a handle and wheels for portability. A briefcase, on the other hand, is a more compact, smaller bag that is used to hold paperwork, papers, and other business supplies. Professionals frequently utilize it to carry work-related items including computers, paperwork, and business documents. In conclusion, the primary distinction between the two is their size and intended function. Briefcases are meant for business usage, while suitcases are meant for travel.
- May 2021: In collaboration with RIMOWA, Charlotte Stockdale and Katie Lyall designed a collection of exclusive bags and travel accessories. The unique polycarbonate grooves on the RIMOWA essential bags are embellished with an eye-catching pattern of paint cascading down the outside of the baggage.
- December 2020: The launch of the all-new core travel collection coincided with the availability of the recently expanded holiday collection of Away for purchase. Along with three new backpack styles that come in a range of colours, the new product line includes a messenger bag, a laptop bag, and a nylon-and-leather zip tote bag.
Market Opportunities and Challenges
The rising demand for high-end and luxurious baggage is one factor propelling the expansion of the worldwide market for suitcases and briefcases. Customer willingness to pay extra for fashionable and high-quality baggage is increasing due to shifting fashion trends and increased disposable incomes. Furthermore, the travel and tourism sector is growing quickly, which is driving up demand for travel accessories like trolleys and luggage. Because of this, producers are concentrating on creating useful and inventive goods that meet the demands of contemporary tourists, which is propelling the market's expansion.
The increased concern for environmental sustainability is a key hindrance to the global market for briefcases and suitcases. The use of materials like plastics in the baggage business is well-known to have a negative influence on the environment. The need for sustainable and ecologically friendly baggage choices is rising as people become more aware of environmental issues. As a result, manufacturers are under pressure to create goods utilizing sustainable materials and production techniques. However, the higher expense of locating and utilizing sustainable resources may eventually impede industry expansion.
Market Competitive Landscape
The world market for luggage is dispersed. However, given their extensive product choices, superior customer service, and stronger brand awareness, organized firms are projected to maintain their large growth in market share over the next few years. Some of the key players are Ace Co.Ltd, Antler Ltd, Brics Industria Valigeria Fine SPA, Delsey S.A., Luggage America Inc, LVMH Moet Hennessy Louis Vuittion, Nike Inc, Samsonite International SA, F. Corporation, Valigeria Ronacoto.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Distribution Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Ace Co.Ltd, Antler Ltd, Brics Industria Valigeria Fine SPA, Delsey S.A., Luggage America Inc, LVMH Moet Hennessy Louis Vuittion, Nike Inc, Samsonite International SA, F. Corporation, Valigeria Ronacoto. |
COVID-19 Impact on Global Suitcase and Briefcase market.
Worldwide, the COVID-19 epidemic, travel restrictions, and local and national lockdowns have affected several nations. The worldwide baggage market had a downturn, much like many other sectors of the economy, particularly in the first half of 2nd year. Because of the enforced lockdowns and limits imposed by the different regulatory bodies, several industries either temporarily stopped operating during the shutdown or operated with a reduced staff. Similar to other worldwide markets for baggage, this one also had an effect on the supply chain, which raised the price of branded luggage. The COVID-19's effects have caused travel and tourism to hardly exist. As a result, the baggage sector has suffered greatly.
Key Target Audience:
- Business Professionals
- Travellers
- Students and Educators
- Healthcare Professionals
- Sales and Marketing Professionals
- Legal Professionals
- Artists and Designers
- Retailers and Business Owner
- Government Officials
- Fashion and Style Enthusiasts
Our in-depth analysis of the Suitcase and Briefcase Market includes the following segments:
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| By Distribution Channel: |
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| By Region: |
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Key Topics Covered in the Report:
- Global Suitcase and Briefcase Market Size (FY’2024-FY’2033)
- Overview of Global Suitcase and Briefcase Market
- Segmentation of Global Suitcase and Briefcase Market By Product (Travel cases, Business cases)
- Segmentation of Global Suitcase and Briefcase Market By Distribution Channel (Offline trading and Online trading)
- Statistical Snap of Global Suitcase and Briefcase Market
- Expansion Analysis of Global Suitcase and Briefcase Market
- Problems and Obstacles in Global Suitcase and Briefcase Market
- Competitive Landscape in the Global Suitcase and Briefcase Market
- Impact of COVID-19 and Demonetization on Global Suitcase and Briefcase Market
- Details on Current Investment in Global Suitcase and Briefcase Market
- Competitive Analysis of Global Suitcase and Briefcase Market
- Prominent Players in the Global Suitcase and Briefcase Market
- SWOT Analysis of Global Suitcase and Briefcase Market
- Global Suitcase and Briefcase Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Suitcase and Briefcase Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Suitcase and Briefcase Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Suitcase and Briefcase Market.
7. Global Suitcase and Briefcase Market, By Product (USD Million)
7.1. Global Suitcase and Briefcase Market Value Share and Forecast, By Product, 2024-20337.2. Travel Cases7.3. Business Cases
8. Global Suitcase and Briefcase Market, By Distribution Channel (USD Million)
8.1. Global Suitcase and Briefcase Market Value Share and Forecast, By Distribution Channel, 2024-20338.2. Offline Trading8.3. Online Trading
9. Global Suitcase and Briefcase Market Forecast, 2020-2033 (USD Million)
9.1. Global Suitcase and Briefcase Market Size and Market Share
10. Global Suitcase and Briefcase Market, By Product 2020-2033 (USD Million)
10.1. Global Suitcase and Briefcase Market Size and Market Share By Product (2020-2026)10.2. Global Suitcase and Briefcase Market Size and Market Share By Product (2027-2033)
11. Global Suitcase and Briefcase Market By Distribution Channel, 2020-2033 (USD Million)
11.1. Global Suitcase and Briefcase Market Size and Market Share By Distribution Channel (2020-2026)11.2. Global Suitcase and Briefcase Market Size and Market Share By Distribution Channel (2027-2033)
12. Global Suitcase and Briefcase Market, By Region, 2020-2033 (USD Million)
12.1. Global Suitcase and Briefcase Market Size and Market Share By Region (2020-2026)12.2. Global Suitcase and Briefcase Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Ace Co.Ltd13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Antler ltd.13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Brics Industria Valigeria Fine SPA13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Delsey SA13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Luggage America Inc.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. LVMH Moet Hennessy Louis Vuittion13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Nike, Inc13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Samsonite International SA.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. F. Corporation13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Valigeria Ronacoto13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
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
Suitcase and Briefcase Market is projected to reach USD 56.87 billion by 2033, growing at a CAGR of 5.86% during the forecast period.
Suitcase and Briefcase Market grew in market size from 2023. The Market is expected to reach USD 56.87 billion by 2033, at a CAGR of 5.86% during the forecast period.
Suitcase and Briefcase Market CAGR of 5.86% during the forecast period.
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Suitcase and Briefcase Market size is USD 56.87 billion from 2023 to 2033.
Suitcase and Briefcase Market Segment is Covered By Product, By Distribution Channel
The North America region is anticipated to have the highest market share in Suitcase and Briefcase Market.
The key players in the market include Companies Covered Ace Co.Ltd, Antler Ltd, Brics Industria Valigeria Fine SPA, Delsey S.A., Luggage America Inc, LVMH Moet Hennessy Louis Vuittion, Nike Inc, Samsonite International SA, F. Corporation, Valigeria Ronacoto.
The rising demand for high-end and luxurious baggage is one factor propelling the expansion of the worldwide market for suitcases and briefcases. Customer willingness to pay extra for fashionable and high-quality baggage is increasing due to shifting fashion trends and increased disposable incomes
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