Duffel Bags Market Scope
A duffel bag, duffle bag, or kit bag is a large bag made of natural or synthetic fabric, with a top closure using a drawstring. Generally, a duffel bag is used by non-commissioned personnel in the military, and for travel, sports, and recreation by civilians.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Duffel Bags market throughout the predicted period.
Herschel Supply Co. (Canada), Adidas (Germany), Nike (United States), Dakine (United States), L.L.Bean (United States), OGIO (United States), Eagle Creek (United States), High Sierra (United States), The North Face (United States) and Patagonia (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Filson, Olympia, Samsonite, Vera Bradley, Under Armour and Rothco.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Duffel Bags market and Region with country level break-up.
On the basis of geography, the market of Duffel Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The U.S. Customs and Border Protection (CBP) and the Federal Trade Commission (FTC) enforce labeling laws and acts in the United States. In general, textile and apparel products sold in the United States must be labeled with the following information: the fiber content, the country of origin, the manufacturer or dealer identity, and the care instructions
Market Trend
- Rising trend of Shifting towards the Latest Fashion among the Youth
Market Drivers
- Increasing Focus of Consumers on the Aesthetics of Any Product
- Changing Lifestyles and Increasing Urbanization
Opportunities
- Increasing the Demands of Consumers and Disposable Income in Developing Countries
- Rise of Wide Distribution Channel including E-commerce
Restraints
- Volatile Prices of the Raw Materials for Making the Duffel Bags
- Changing Consumer Preferences
Challenges
- Availability of New Advanced Technologies
- Growing Changes in the Economic Strategies
Key Target Audience
Duffel Bags Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other