PUBLISHER: Value Market Research | PRODUCT CODE: 1547491
PUBLISHER: Value Market Research | PRODUCT CODE: 1547491
The global demand for Travel Business Bags Market is presumed to reach the market size of nearly USD 5.41 Billion by 2032 from USD 2.81 Billion in 2023 with a CAGR of 7.54% under the study period 2024-2032.
A travel business bag is considered useful as it can accommodate all essential items of daily use, clothes, electronic gadgets like laptops, and important documents during official tours. It mainly serves the purpose of business travelers. Travel business bags are made out of different materials like leather, textile, jute, nylon, vinyl, and polyester. But leather is the most preferred material for travel business bags. It is widely accepted by individuals across the globe, as it looks stylish and sophisticated, is high in strength, and has several compartments. The price of such bags varies depending on the quality of leather used, size, and style.
An increasing number of business trips and rapid growth of the travel and tourism industry are key drivers for the travel business bag market growth. Besides, the travel business bag market is expected to witness significant growth owing to rapid urbanization, changing lifestyles, and increasing disposable income, especially in developing countries. Manufacturers are continuously engaging in research and development activities in order to improve the design and quality of travel business bags and launch new products. Furthermore, increased spending on advertisement and online retailing will boost the demand for travel business bags. However, the ongoing Covid-19 pandemic all over the world will impede travel business bag market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Travel Business Bags. The growth and trends of Travel Business Bags industry provide a holistic approach to this study.
This section of the Travel Business Bags market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Travel Business Bags market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Travel Business Bags market include Samsonite Company Stores, United States Luggage Company (LLC), Ace Co. Ltd., Targus Group International Inc., Rimova, Delsey SA, Crown, VIP Industries Ltd., Andiamo, Pathfinder, Lucas, Ciao, Shanghai Fochier Intel' Co. Ltd., Tumi, Travelpro International Inc., Antler, New Travel Sports Co. Ltd., Eagle Creek, United States Luggage Company, Everest. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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