Bags and Luggage in the Philippines - New Study Released

From: Fast Market Research, Inc.
Published: Tue Oct 27 2015

Bags and luggage registered current retail value growth of 8% in 2015 due partly to rising disposable incomes and the growing working population. Increasingly active lifestyles also contributed to growth. Filipinos took more adventurous vacations both domestically and overseas, which increased demand for high quality and fashionable bags and luggage.

Competitive Landscape

VF Corp remained the leading player in bags and luggage and accounted for 5% of retail value sales in 2015. The brands that VF Corp carries are well established in the Philippines, making it the number one choice for many consumers. Furthermore, it caters to different lifestyles and fashion tastes, and has a large consumer base in the country.

Full Report Details at

Industry Prospects

the trend towards active lifestyles expected to continue thanks to propagation and endorsement through different social media channels. This will present greater opportunities for bags, especially backpacks, and luggage. Furthermore, social media is likely to continue to entice individuals to purchase goods such as handbags that would elevate their social status and improve their fashionableness.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Travel and Business Bags Market in China 2015-2019
- Bags and Luggage in Singapore
- Bags and Luggage in Japan
- Travel and Business Bags Market in Japan 2015-2019
- Travel and Business Bags Market in France 2015-2019

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »