According to the report, Changing Fashion Trends is one of the primary growth factors for the market. An Increase in Domestic & International Tourism is also expected to contribute significantly to the Luggage and Leather Goods market. Overall, Male applications of Luggage and Leather Goods, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Luggage and Leather Goods Market identified that the demand is rising in many different parts of the world due to "Untapped Market of Developing Countries ". Furthermore, some recent industry insights like "On August 2020, Mark Cross, the American luxury leather accessories brand, launched the "1845 Mini Trunk" in honor to the brand’s 175th commemoration. and On October 2019, as a part of the development strategy, Hermes decided to open a production site in France." is constantly making the industry dynamic. One of the challenges that industry facing is "Covid- 19 Outbreak and Substitute Availability"

The Category, such as Luxury, is boosting the Luggage and Leather Goods 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 Sales Channel, such as General Retailers, is boosting the Luggage and Leather Goods 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 report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Luggage and Leather Goods market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

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 Luggage and Leather Goods market and other related sub-markets covered in the study.

o Key & emerging players in the Luggage and Leather Goods market have been observed through secondary research.
o The industry’s 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 Luggage and Leather Goods market size is calculated using market estimation process, the Luggage and Leather Goods 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 Luggage and Leather Goods market size has been validated using both top-down and bottom-up approaches.