The article cited AMA's Global Travel Duffel Bags Market Study explored substantial growth with CAGR of %. According the report, Surging deployment of Global Positioning System (GPS) tracker, USB port for recharging the battery of cell phones is one of the primary growth factors for the market. Changing lifestyles and increasing urbanization
is also expected to contribute significantly to the Travel Duffel Bags market. Overall, Company-Owned Stores
applications of Travel Duffel Bags, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Eagle Creek (United States), Everest (United States), Luggage America (United States), Netpackbag (United States), Samsonite (Hong Kong), BRIC’s Industria Valigeria Fine (Italy), Briggs and Riley (United States), Delsey (France), Valigeria (Romania) and Victorinox Swiss Army (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Price Range, such as Premium, is boosting the Travel Duffel Bags market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Weight, such as Less Than 1kg, is boosting the Travel Duffel Bags market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Travel Duffel Bags market identified that the demand is rising in many different parts of the world as "Surge in high-net-worth-individuals globally
". Furthermore, some recent industry insights like "In October 2023, Monos dropped a new luggage collection. featuring four new vegan leather styles in four different colourways." is constantly making the industry dynamic. One of the challenges that industry facing is "Unorganized players in the large markets in developing countries pose the greatest challenge for the organized luggage market and Increased raw material cost needed for the manufacturing of the product"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Travel Duffel Bags market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Travel Duffel Bags market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Travel Duffel Bags market tight? Which application/end-user category or Product Type [Nylon duffel bags, Leather duffel bags and Wheeled duffel bags] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Travel Duffel Bags market and other related sub-markets covered in the study.
o Key & emerging players in the Travel Duffel Bags market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Travel Duffel Bags market size is calculated using market estimation process, the Travel Duffel Bags market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Travel Duffel Bags market size has been validated using both top-down and bottom-up approaches.