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Global Luggage Market Report: 2013 Edition- Koncept Analytics

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Page 1: Global Luggage Market Report: 2013 Edition- Koncept Analytics

7/27/2019 Global Luggage Market Report: 2013 Edition- Koncept Analytics

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Global Luggage Market Report---------------------------------------------------

2013

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Executive Summary

Despite the general economic conditions worldwide being uneven in 2012, the luggage market witnessed a significant growth. The travel andtourism market, a key driver of luggage business, continued to expand, with global inbound tourists reaching 1.0 billion for the first time in2012. Asia Pacific region showed the strongest growth in inbound tourism while in more mature markets increase in the number of budgetairlines continued to drive demand. Changing regulations on cabin baggage on aircrafts and the increasingly common practice of weight-basedcharging for hold baggage have made consumers more aware of volume capacity and lightness in luggage. As a result of these changes,manufacturers are focusing on innovative designs that are light-weighted. Polycarbonate resin for making ultra lightweight luggage bags are inhuge demand. Travel goods like handbags, smartphones and tablet covers and backpacks were most popular categories among consumers.

The global luggage market is intensely competitive with the presence of both organized and unorganized players. Samsonite remains theundisputed leader in the worldwide luggage market, followed by VF Corporation, Tumi, Ace, Delsey, VIP, and Rimowa, among others.Competition is largely based on the brand name; product pricing, quality, and design; product technology; and advertising, among other such

factors.

The report analyzes the global luggage market. Also, the main markets like the US, China, Japan and India are being presented in the report.The report discusses the key drivers, trends and issues related to the global luggage market. The major players of the industry have also beenprofiled in the report.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of theindustry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base todetermine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

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Rise in worldwide inbound tourists has led to an increase in retail sales of luggage andtravel goods….……..

The global retail sales of luggage and travel goods increasedby ….% y-o-y and reached US$..... billion in 2012. The growthwas on account of rise in worldwide inbound tourists thatsurpassed …. billion (…. billion) for the first time in 2012.

Global import of travel goods (HS Code: 4202) includinghandbags decreased from US$..... billion in 2011 to US$.....billion in 2012.

China is the top exporter of travel goods, including handbags.China’s exported travel goods were valued at US$....... billionin 2012. The other major travel goods exporting countries or areas include China, Hong Kong SAR; France; and Germany,Belgium among others, accounting for nearly ….%, ….%,….% and …..% share of world exports, respectively, in 2012.

Total retail sales of travel goods in the US increased from

US$.... billion in 2011 to US$..... billion in 2012.

LuggageBusiness Cases/ Computer BagsTravel/Sports BagsHandbagsPersonal Leather GoodsBackpacksLuggage Locks

The US Travel Goods Retail Sales by Volume (2008-2012)

2006 2007 2008 2009 2010 2011 2012

   U   S   $   B   i   l   l   i  o  n

Global Luggage Market Retail Sales (2006-2012E)

Retail Sales of Travel Goods by Category in the US (2012)

2008 2009 2010 2011 2012

   M   i   l   l   i  o  n

   U  n   i   t  s

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Innovative products like polycarbonate resin which is used for making extra light weightluggage bags are in huge demand…..

The luggage market in India was worth US$....... billion in 2011and is expected to grow at an average rate of …..%-……% per  annum till 2015.

The export value of luggage goods from India to other countries

amounted to US$..... billion whereas import value to India was atUS$..... billion in the year 2012.

The Japanese luggage market is likely to see robust growthdriven by factors like increasing level of outbound tourism fromJapan, largely driven by the appreciating Yen.

International tourism receipts hit a new record in 2012, reachingan estimated US$..... billion (Euro …. billion) worldwide up ….%in real terms from US$.... bi ll ion (Euro …. bill ion) in 2011. The….% growth is much in line with the increase registered in thenumber of international tourist arrivals.

Competitive Landscape of Japanese Luggage market (2012)

Indian Luggage Market Size by Value (2010-2015F)

2010 2011 2012F 2013F 2014F 2015F

   U   S   $   B   i   l   l   i  o  n

World Inbound Tourism-International Tourist Arrivals (2004-2012)

2004 2005 2006 2007 2008 2009 2010 2011 2012

   U   S   $   M

   i   l   l   i  o  n

Ace Porter Samsonite Rimowa

Tumi Sunco Others

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Rising international inbound tourists, innovative product designs offered at affordableprices will drive the luggage market in coming years …

• The retail sales of global luggage market is forecasted to grow at a CAGR of …% over the period 2012-2016 and will reach US$.....

billion by 2016.

• The growth will be driven by factors like high travel and tourism spending, rise in international tourist arrivals, and overall world economichealth. According to UNWTO, international tourist arrivals will reach close to …. billion in 2020 and hit …. billion by 2030. Asia-Pacific willgain most of the new arrivals and will also be the strongest growing outbound region.

• In addition, innovative products like polycarbonate luggage, i.e. a subset of hard luggage which is a lightweight strong plastic material willbe driving the luggage market. Similarly demand for cases for electronic gadgets such as smart phones and tablets as well as innovativeanti-threat technology for backpacks, leisure bags, photography bags and other travel accessories are increasing.

Global Luggage Market Retail Sales Forecast (2012-2016F)

2012A 2013F 2014F 2015F 2016F

   U   S   $   B   i   l   l   i  o  n

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Table of Contents

1. Luggage

1.1 Introduction

1.2 Supply Chain

2. Global Luggage Market

2.1 Market Size2.2 Market Segments2.3 Trade Statistics: Import and Export

3. Luggage Market - Regional Analysis

3.1 The US

3.1.1 Retail Sales by Value

3.1.2 Product Categories3.1.3 Import and Export Trend

3.2 China

3.2.1 Market Size3.2.2 Import and Export Trends

3.3 India

3.3.1 Market Size3.3.2 Import and Export Trends

3.4 Japan

3.4.1 Outbound Travel Growth3.4.2 Major Market Players

4. Market Trends

4.1 Changing Regulations on Cabin Baggage4.2 New product Trends4.3 Demand for Polycarbonate Resin for Ultra-Light Weight

List of Graphs & Tables

List of Charts

Supply-Chain of Luggage MarketGlobal Luggage Market Retail Sales (2006-2012E)Breakdown of Global Luggage Retail Sales by Segments (2012E)Global Import and Exports of Travel Goods Including Handbags (2008-2012)The US Travel Goods Retail Sales by Value (2008-2012)Export and Import Value of Luggage and Travel Goods in the US (2008-2012)Import Volume of Luggage Bags to the US (2005-2012)China Luggage Industry Market Size (2010-2015F)Export and Import of Luggage Goods in China (2008-2012)Indian Luggage Market Size by Value (2010-2015F)India – Export and Import of Luggage & Travel Goods (2008-2012)Japanese Outbound Travel Growth Rate (2002-2012)

Competitive Landscape of Japanese Luggage market (2012)World Inbound Tourism-International Tourist Arrivals (2004-2012)World Inbound Tourism-International Tourism Receipts (2004-2012)International Tourist Arrivals by Region (2012)Travel and Tourism Direct Contribution to World GDP (2003-2012)Real GDP Growth in Developing Countries (2009 versus 2015F) Asia-Pacific: Inbound Tourism International Tourist Arrivals & Tourism Receipts(2004-2012)Samsonite – Net Sales by Product Category (2012)Samsonite Net Sales (2008-2012)Samsonite - Net Sales by Distribution Channels (2012)VF Corporation’s Revenues by Business Segments (2012)

VF Corporation’s Revenues (2008-2012)Tumi Holdings - Net Sales by Product Category (2012)Tumi Holdings’ Net Sales (2008-2012)VIP’s Revenues by Geographical Segments (2011-12)VIP’s Net Sales from Operations (2007-08 to 2012-13)Global Luggage Market Retail Sales Forecast (2012-2016F)

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Table of Contents

5. Growth Drivers

5.1 International Tourist Arrivals Worldwide5.2 GDP Contribution by Travel and Tourism Sector 

5.3 Rising Demand from Emerging Markets

6. Challenges

6.1 Trade Restrictions6.2 Rising Raw Material Prices

7. Competitive Landscape

8. Company Profiles

8.1 Samsonite International S.A.

8.1.1 Business Overview8.1.2 Financial Highlights8.1.3 Business Strategies-Investment in Advertising & Promotion-Expand Distribution Network

8.2 V.F. Corporation

8.2.1 Business Overview

8.2.2 Financial Highlights8.2.3 Business Strategies-Global Expansion-Strengthen Supply Chain

8.3 Tumi Holdings, Inc.

8.3.1 Business Overview8.3.2 Financial Highlights8.3.3 Business Strategies-Expansion of Store Base

-Promotion of E-Business

List of Tables

Top Importing Countries of Travel Goods including Handbags (2012)Top Exporting Countries of Travel Goods including Handbags (2012)The US Travel Goods Market by Product Category (2008-2012)The US Travel Goods Retail Sales by Volume (2008-2012)Top Import Partners of Luggage Goods of the US (2012)Top Export Partners of Luggage Goods of the US (2012)Top Export Partners of Luggage Goods of China (2012)Top Import Partners of Luggage Goods of China (2012)Top Export Countries of Indian Luggage Market (2012)Top Import Countries of Indian Luggage Market (2012)Major Luggage Companies – Geographical FootprintLuggage Companies with Major Brands and Target SegmentDependent & Independent Variables (2006-2012)Correlation Matrix

Model Summary – Coefficient of DeterminationRegression Coefficients Output

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Table of Contents

8.4 VIP Industries Ltd.

8.4.1 Business Overview

8.4.2 Financial Highlights8.4.3 Business Strategies-Enhance Multi-brand Strategy-Investment in R&D

9. Market Outlook

9.1 Market Forecast9.2 Forecast Methodology9.2.1 Dependent and Independent Variables

9.2.2 Correlation Analysis9.2.3 Regression Analysis

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