About Leather Travel Bag
The pure leather that goes into their making safeguards the material/product that these bags contain and do not give away to wear and tear. The leather bags hold their sheen and can be used for various trips. The leather bags are available in different color like black, brown and others and are widely used for business trips. As long as leather has been used, it has been a medium for transporting objects. Formerly, there were just simple leather bags, but today there is an infinite number of bag types from the leather handbag, which is the most extensively used, to leather backpacks. Today's travel bags are generally prepared of light synthetic fibre.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Leather Travel Bag 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.
VIP Industries (India), VF Corporation (United States), Briggs and Riley Travelware (United States), MCM Worldwide (Germany), Samsonite (Hong Kong), Rimowa (Germany), Louis Vuitton (France), Delsey (France), Hermes (France) and Travelpro (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 Texon Bag (India) and Bagmiller (India).
Segmentation Overview
AMA Research has segmented the market of Global Leather Travel Bag market by Type (Backpack, Duffles, Trolleys and Others) and Region.
On the basis of geography, the market of Leather Travel Bag 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 Distribution Channel, the sub-segment i.e. Online will boost the Leather Travel Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Large (Above 60 cm) will boost the Leather Travel Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Men will boost the Leather Travel Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Up Surging Demand in the Textile Industry and Increasing Need for Protective Leather Luggage for Electronic Products
Market Growth Drivers:
Improved Durability of Leather Goods and Growing Number of Travelers and Increase in Disposable Incomes as well as Increase in Business Trips
Challenges:
Increasing Number of Local Manufacturers and Strict Government Regulation on Usage of Leather
Restraints:
High Cost of Business Leather Bags
Opportunities:
Increasing Adoption in Decorative Leather Bags
Market Leaders and their expansionary development strategies
November 2022 , Weaver Leather LLC has acquired of Ohio Travel Bag (OTB), a Solon, Ohio-based supplier and distributor of hardware and related products that has served a multitude of industries and end markets. the acquisition expanded product offering that will be available to our respective and shared customers.
Key Target Audience
Manufacturers of Leather Travel Bag, Suppliers of Leather Travel Bag, Wholesalers, Distributors and Retailers of Leather Travel Bag, Potential Investors, Raw Material Providers, End-User and Governmental Bodies
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.