Bags and Luggage in India - New Market Research Report

From: Fast Market Research, Inc.
Published: Wed Mar 09 2016


Branded bags and luggage are gaining in popularity around the world but especially in India. The key growth drivers are the increasing numbers of women in the workforce, their rising disposable incomes, increasing fashion-consciousness and aspiration levels, and the growing influx of foreign brands. Also, bags and luggage are becoming status symbols, as they are considered lifestyle products, which accounts for the wider acceptance of high-end luggage. Travel expenditure among households has risen, which also fuels the strong value growth.

Competitive Landscape

VIP Industries Ltd’s VIP brand continued to be the leader within bags and luggage in India during 2014. The company has been present in the country for a long time and has built a strong brand name in the bags and luggage category.

Full Report Details at
- http://www.fastmr.com/prod/1127750_bags_luggage_india.aspx?afid=301

Industry Prospects

Major players, such as VIP Industries Ltd and Samsonite South Asia Pvt Ltd, target rural consumers by opening stores in tier two and tier three cities where most rural consumers shop. Bags and luggage players are expected to put greater emphasis on product innovations, such as the launch of various handbags for women and eco-friendly bags with a lower carbon footprint, which will further boost sales of the category in the country. Furthermore, according to Euromonitor International’s Travel and Tourism data, India is also set to see 24 million outbound tourists by 2019, thereby presenting favourable prospects for the luggage industry in India in the future.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Bags and Luggage industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Bags and Luggage industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Bags and Luggage in India market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* How have sales ofBags and Luggage evolved over the past few years in India?
* What’s the potential of Bags and Luggage sales via the internet?

Reasons to Get this Report

* Gain competitive intelligence about market leaders

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 http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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- Bags and Luggage in Russia
- Bags and Luggage in the US

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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