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

Description

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.

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:

Market size available for the 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

India Luggage and Bags Market Segmentation:

By Market Structure: Based on the Market Structure, India Luggage and Bags Market is segmented as; Organized, Unorganized.

By Product Type: Based on the Product Type, India Luggage and Bags Market is segmented as; Backpacks, Bags, Business Bags, Cross Body Bags, Duffel Bags, Handbags, Wallet and Coin Pouches, Other Small Bags.

By Luggage: Based on the Luggage, India Luggage and Bags Market is segmented as; Soft Luggage, Hard Luggage, Wheeled Luggage, Non-Wheeled Luggage.

By Price Category: Based on the Price Category, India Luggage and Bags Market is segmented as; Luxury, Mass/Economy, Premium.

By Distribution Channel: Based on the Distribution Channel, India Luggage and Bags Market is segmented as; Apparel and Footwear Specialist Retailers, Bags and Luggage Specialist Retailers, Department Stores, Home shopping, Hypermarkets, Internet Retailing, Other Non-Grocery Specialists, Stationers/Office Supply Stores.

By Region: In terms of luggage and bag makers, the Western and Northern regions of India were found to have a stronger presence, including the presence of VIP Industries Limited, Samsonite International, Safari Industries, and others. However, the top three players' production clusters are well-diversified over all of India, particularly in Maharashtra's cities of Mumbai, Nashik, and Nagpur.

Product Code: FMCG2301

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 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 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 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 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 India Luggage and Bags Manufacturing Base Distribution, Sales Area, Product Type
6.2 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 Organized
7.2 Unorganized

8. India Luggage and Bags Market, By Product Type, 2019-2032 (USD Million)

8.1 Backpacks
8.2 Bags
8.3 Business Bags
8.4 Cross Body Bags
8.5 Duffel Bags
8.6 Handbags
8.7 Wallet and Coin Pouches
8.8 Other Small Bags

9. India Luggage and Bags Market, By Luggage, 2019-2032 (USD Million)

9.1 Soft Luggage
9.2 Hard Luggage
9.3 Wheeled Luggage
9.4 Non-Wheeled Luggage

10. India Luggage and Bags Market, By Price Category, 2019-2032 (USD Million)

10.1 Luxury
10.2 Mass/Economy
10.3 Premium

11. India Luggage and Bags Market, By Distribution Channel, 2019-2032 (USD Million)

11.1 Apparel and Footwear Specialist Retailers
11.2 Bags and Luggage Specialist Retailers
11.3 Department Stores
11.4 Homes hopping
11.5 Hypermarkets
11.6 Internet Retailing
11.7 Other Non-Grocery Specialists
11.8 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 Orissa
- 12.3.2 Kolkata
- 12.3.3 Patna
- 12.3.4 Other Eastern Cities
12.4 North
- 12.4.1 Delhi
- 12.4.2 Ghaziabad
- 12.4.3 Uttarakhand
- 12.4.4 Other Northern Cities
12.5 South
- 12.5.1 Bangalore
- 12.5.2 Cochin
- 12.5.3 Hyderabad
- 12.5.4 Other Southern Cities
12.6 West
- 12.6.1 Mumbai
- 12.6.2 Ahmedabad
- 12.6.3 Indore
- 12.6.4 Other Western Cities

13. Company Profiles

13.1 Baggit Ltd
- 13.1.1 Company details
- 13.1.2 Financial outlook
- 13.1.3 Product summary
- 13.1.4 Recent developments
13.2 Bagzone Lifestyles Pvt Ltd
- 13.2.1 Company details
- 13.2.2 Financial outlook
- 13.2.3 Product summary
- 13.2.4 Recent developments
13.3 Burberry Group Plc
- 13.3.1 Company details
- 13.3.2 Financial outlook
- 13.3.3 Product summary
- 13.3.4 Recent developments
13.4 Da Milano India
- 13.4.1 Company details
- 13.4.2 Financial outlook
- 13.4.3 Product summary
- 13.4.4 Recent developments
13.5 Hermes International SCA
- 13.5.1 Company details
- 13.5.2 Financial outlook
- 13.5.3 Product summary
- 13.5.4 Recent developments
13.6 Hidesign India Pvt Ltd
- 13.6.1 Company details
- 13.6.2 Financial outlook
- 13.6.3 Product summary
- 13.6.4 Recent developments
13.7 Kering SA
- 13.7.1 Company details
- 13.7.2 Financial outlook
- 13.7.3 Product summary
- 13.7.4 Recent developments
13.8 LVMH Moet Hennessy Louis Vuitton SA
- 13.8.1 Company details
- 13.8.2 Financial outlook
- 13.8.3 Product summary
- 13.8.4 Recent developments
13.9 Safari
- 13.9.1 Company details
- 13.9.2 Financial outlook
- 13.9.3 Product summary
- 13.9.4 Recent developments
13.10 Samsonite International SA
- 13.10.1 Company details
- 13.10.2 Financial outlook
- 13.10.3 Product summary
- 13.10.4 Recent developments
13.11 Tommy Hilfiger
- 13.11.1 Company details
- 13.11.2 Financial outlook
- 13.11.3 Product summary
- 13.11.4 Recent developments
13.12 VIP Industries Ltd
- 13.12.1 Company details
- 13.12.2 Financial outlook
- 13.12.3 Product summary
- 13.12.4 Recent developments
13.13 Wildcraft India Pvt Ltd
- 13.13.1 Company details
- 13.13.2 Financial outlook
- 13.13.3 Product summary
- 13.13.4 Recent developments