About Upright Suitcase
An upright Suitcase is any type of bag or container used by travelers that stands upright rather than lying flat like a duffel bag. The luggage usually features a telescoping handle and plastic wheels to make pulling the luggage much easier and preventing the user from having to pick up the bag too often. The luggage itself may be a soft-shell version or a hard-shell version, and some types of luggage that fit this category do not feature handles or wheels. As long as the luggage sits upright, it can be considered part of this category.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Upright Suitcase market, offering a comprehensive analysis of current and future market conditions of key players. The market is fragmented due to the presence of many vendors. With the growing market competition, key vendors are expected to compete on new product developments by adopting new technologies Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Upright Suitcase 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.
Samsonite, Ace Co. Ltd. (China), U.S. Luggage Company (United States), LVMH Group (France), Travelpro Products, Inc.(United States), Rimowa (Germany), Victorinox (United States), Samsonite (Hong Kong), Delsey SA. (France) and VIP Industries (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tumi (United States) and Kering SA (France).
Segmentation Overview
AMA Research has segmented the market of Global Upright Suitcase market by Type (Plastic, Metal and Others), Application (Traveling, Storage and Others) and Region.
On the basis of geography, the market of Upright Suitcase 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 Upright Suitcase market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wheels , the sub-segment i.e. 4 Wheel will boost the Upright Suitcase market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The trend for the customized Upright Suitcase
Market Growth Drivers:
The demand for different varieties of Upright Suitcase will be strong in countries like the US, Brazil, Spain, Germany, Netherlands, South Korea, and China. and The Asia-Pacific Upright Suitcase market witnessed rapid growth as travel bags are increasingly becoming a fashion accessory
Challenges:
Key competition between manufacturers
Restraints:
Fluctuated price of raw material in the material
Opportunities:
An increase in the standard of living in developing countries is expected to boost sales of luxury, branded Upright Suitcase in the coming years
Market Leaders and their expansionary development strategies
In August 2023, Acronym updates the 3A-6TS Messengers bag in white X-Pac. strong enough for selling applications, X-Pac X4 laminate has a four-layer construction for enhanced tear, abrasion, and water resistance.
In November 2023, India's preferred airline IndiGo, and lifestyle brand mokobara announce the launch of an exclusive collection of premium luggage, catering to the modern Indian jetsetters. The new range is designed to thoughtfully elevate the joy of travel while marrying great aesthetic with great functionality.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Upright Suitcase Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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.