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(MoneyNewsWire.Net, July 23, 2015 )
About Travel and Business Bags Market in Brazil
Rising demand for trolley bags, an increase in travel arrivals and activities, and a rise in the number of business travelers are factors driving the demand for travel and business bags. Brazils changing political, economic, and social environment, and a growing e-commerce market will propel the growth of the market and add greater value to the market globally.
Technavio's analysts forecast the travel and business bags market in brazil, in terms of revenue and volume, to grow at a CAGR of 6.39% and 5.42%, respectively, over the period 2014-2019.
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About Travel and Business Bags Market in China
A rise in demand for trolley bags, as a consequence of increased travel and tourism activities, and the rising number of business travellers are driving the travel and business bags market in China. Rapid urbanization has contributed to improved living standard in China, resulting in consumers increasingly opting for stylish, and large bags for their travels.
The Chinese luggage market has undergone significant changes in terms of development and innovation in products in the last 20 years and more. Despite being the largest manufacturing hub of travel and business bags, it is still not the leading market in the world. This is primarily because most of the companies here have not received enough global exposure or investment on a large scale, which restricted their global reach. However, the changing political, economic, and social environment, and the rising e-commerce sector will propel growth in China, making it a recognized market globally.
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The travel and business bags market in Japan is classified into four segments: Duffle bags, trolley bags and suitcases, backpacks, and business bags. The trolley bags and suitcases segment was the largest, in terms of revenue and volume, accounting for a market share of 48.30% and 44.11% respectively.
Technavio predicts that the travel and business bags market in Japan will grow at a CAGR of 1.48% and 1.22%, in terms of revenue and volume respectively, during 2014-2019.
Market Challenge
Increase in Competition from Local Brands and Counterfeit Products
For a full, detailed list, view our report
Market Trend
Smart Luggage
For a full, detailed list, view our report
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