About ABS Luggage
ABS (acrylonitrile-butadiene-styrene) luggage, is lighter polycarbonate and a common thermoplastic, comprises of bags or container that is used to keep traveller’s objects while transiting from one place to other. The travelers use this for the various purpose including travel necessities, carry clothing, toiletries and other articles. Various market players are focusing on designing and manufacturing smart luggage with smart features such as smart locking system, traceability and the growth of the very market has been attributed to the rise in travel and tourism activities across the globe.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player. Details included are company description, major business, company total revenue and the sales, revenue generated in ABS Luggage business, the date to enter into the ABS Luggage market, ABS Luggage product introduction, recent developments, etc. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global ABS Luggage market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Louis Vuitton Malletier S.A. (France), MCM Worldwide (Germany), VIP Industries (India), Rimowa GmbH (Germany), Samsonite International S.A. (Hong Kong), VF Corporation (United States), IT Luggage (United Kingdom), Briggs & Riley Travelware (United States), Delsey (France), Heys International Ltd (Canada), Pacsafe (Hong Kong) and Travelpro Products Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Victorinox (Switzerland), Swiss Military (Switzerland), Tommy Hilfiger (A PVH Corp.) (Netherlands) and Swiss Gear (United States).
Segmentation Overview
AMA Research has segmented the market of Global ABS Luggage market by Type (Travel Luggage and Business Luggage) and Region.
On the basis of geography, the market of ABS Luggage 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). If we see Market by Wheel Size Type, the sub-segment i.e. 2-Wheels will boost the ABS Luggage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Specialist Retailers will boost the ABS Luggage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Key Market Players are Manufacturing Smart Luggage which is Equipped with GPS Tracker, USB Port and Adoption of Online Platform for Sales by Various Vendors
Market Growth Drivers:
Changing Lifestyles, Growing Urbanization and Increasing business Activities Globally and Increasing Travels and Tourism Industry across the World
Challenges:
Risk of Product Counterfeiting in Various Geographic Locations
Restraints:
Growing Influence of Unorganized Luggage Industry in Asia-Pacific and Africa regions and Availability of Substitute in Raw Materials
Opportunities:
Growth in High-Net-Worth-Individuals Worldwide
Market Leaders and their expansionary development strategies
In October 2023, Samsonite announced its acquisition of American Tourister, another leading global travel luggage company. The acquisition will expand Samsonite's product offerings and provide customers with a wider range of luggage options.
In October 2023, American Tourister, a leading luggage brand, announced the launch of its new ABS luggage collection, featuring enhanced durability and scratch resistance. The new collection is made from a high-quality ABS material that is designed to withstand the rigors of travel.
Key Target Audience
ABS Luggage Manufacturers, Distributors, Traders, Raw Material Suppliers, Distributors, Market Research Organisation, Importers and Exporters, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.