What is Leather LuggageMarket?
Global Leather luggage market includes travel bags, casual bags, business bags, and many others. Leather goods are manufactured from the animal skins. Thus, there is a lack of raw material availability. The overall luggage industry is in the maturity stage, which is leading the manufacturers to change the product development strategies. The overall Leather luggage market will grow at moderate compound annual growth of 4.9 in the forecasting years.
Market Trend
Up Surging Demand in the Textile Industry and Increasing Need for Protective Leather Luggage for Electronic Products
Market Drivers
Improved Durability of Leather Goods and Growing Number of Travelers due to Increase in Disposable Incomes as well as Increase in Business Trips
Opportunities
Increasing Adoption in Decorative Leather Goods and Up Surging Demand for Leather Jackets
The Vendors Covered in the Study are:
Samsonite International S.A. (Hong Kong), Tumi Holdings, Inc. (United States), VIP Industries Limited (India), Louis Vuitton (France), Hermes International S.A. (France), Tapestry (United States), Kerig S.A. (France), Christian Dior Se (France), Delsey S.A (France) and Prada S.P.A (Italy)
Regulatory Framework:
The Regulation of the European Union (EU) on registration, evaluation, authorisation and restriction of chemicals use in the Leather Goods. Its proclaimed aim is to ensure a high level of protection of human health and the environment as well as the free movement of substances, on their own, in preparations and in articles, while enhancing competitiveness and innovation. This Regulation should also promote the development of alternative methods for the assessment of hazards of substances.
Available Customization:
List of players that can be included in the study on immediate basis are Goldlion (Singapore), Tucano (Italy), Knoll, Inc. (United States), American Leather, Inc. (United States), Aero Leather Clothing Ltd. (United Kingdom), The Timberland Company (United States), Johnston & Murphy (United States) and Woodland (India).