Asia-Pacific Luggage (Casual, Business, Travel) Market Research Report, 2029

In emerging economies of Asia Pacific region, the unorganized luggage market players are posing several challenges for major players in the organized sector. The manufacturing cost of luggage is lower, owing to easy availability of raw materials such as plastics, leather, and others. Furthermore, local luggage manufacturers from the unorganized sector usually offer their products at a lower price, as they save on several additional costs, such as research and development, advertising, branding, and costs for procuring high quality raw materials. The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as surge in online advertising, rising demand for smart luggage, growing inclination towards branded products, use of luggage as fashion accessory, advancement in luggage and adoption of organic leather products. Further, demand for smart luggage has increased because smart luggage enables the travellers to keep a track of their luggage, thus helping in ensuring the safety of their belongings throughout the journey. Also, availability of the product in different shapes, sizes, colors, and design patterns appeals to the large consumer base, thus propelling the market growth. Suitcases and briefcases are considered to be fashion trendy products and the status symbolism of the owner for some leads to rising demand for premium products across APAC region. In the last few years, Asia-Pacific region has witnessed an increase in the share of the organized sector in overall market revenue. This is primarily due to companies such as Lavie, Caprese, etc. This pace of development is due to the opening up of new hypermarkets and departmental stores which lead to an increase in brand visibility. The luggage market is concentrated among few players with Louis Vuitton, Burberry and Gucci as some international brands and HI design and Da Milano as major domestic brands. It has been observed that e-commerce has brought a rise in the shopping trend across various emerging economies. Online luggage sales have showcased an increasing trend by growing. According to the research report "Asia Pacific Luggage Market Research Report, 2029," published by Actual Market Research, the Asia Pacific luggage market is anticipated to grow with more than 7.2 % CAGR from 2024–2029. The market has been growing over the past few years, due to factors such as growing travel and tourism spending, rapid urbanization, growth of E-commerce, rise in student enrolment, rising purchasing power, rising youth population, rising middle class population and spending, etc. In addition to that, boom in the travel and tourism sector would provide a boost to the demand for luggage, particularly travel bags. Luggage is essential in the journeys because it allows safely storing and transporting goods. As the travel industry expands, so does the demand for various types of luggage that meet the expectations of customers. Increased outbound travellers from this region are propelling the market growth. The rise in disposable income and consumers' increased spending on traveling luggage are also responsible for suitcases market growth. The market is driven by the growing economy, rise in middle-class population, and meanwhile increase in disposable income as well as per capita consumption of consumers and the high demand for fashion bags. Demand for bags and luggage in India fall as a result of COVID-19, as travelling for both work and leisure ceased, and consumers began to work from home. Increased working from home and more informal working culture also contributed to reduced demand, accelerating trends seen prior to COVID-19. Along with expanding consumer base of fashion-conscious consumers worldwide, Asia-Pacific is expected to sustain the growth of the market in the foreseeable future. The market segmentation is based on verticals product innovations, expansions, mergers and acquisitions. Moreover, it is crucial for players to continuously innovate, in order to operate and grow in the market, due to the rapidly changing consumer demands and preferences. Some of the materials used in luggage include plastic, aluminum, fabric, and iron. Unstable prices of these raw materials adversely affect the income margins of luggage manufacturers. The largest market for travel bags in 2014 was Asia-Pacific. The African and Asian countries are anticipated to experience highest urban growth in the forecast period.

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Based on the report, the type is segmented into travel luggage, causal luggage, business luggage, others. The luggage market in the Asia Pacific region is experiencing a dynamic shift, characterized by the leading position of Travel Luggage and the rapid growth of Casual Luggage. Travel Luggage remains dominant due to the increasing volume of international travel, driven by a burgeoning middle class and rising disposable incomes in countries like China, India, and Japan. This segment caters to travelers' needs for functionality, durability, and style, making it a preferred choice among frequent flyers and tourists alike. The emphasis on aesthetics and brand prestige further solidifies its leadership, as consumers increasingly view luggage as an extension of their personal style and status symbol. Casual Luggage is witnessing significant growth, particularly among younger consumers who prioritize versatility and fashion. This segment includes backpacks and duffel bags that appeal to urban dwellers and casual travelers. Countries such as South Korea and Singapore are notable for their rising demand for stylish yet functional casual luggage, reflecting a broader trend of integrating travel accessories into everyday life. The growing popularity of e-commerce also facilitates access to diverse brands, enhancing consumer choice. Business Luggage, while not growing as rapidly as the other segments, remains essential for professionals in Asia Pacific. This category includes briefcases and laptop bags that emphasize sophistication and security features, catering primarily to business travelers in major economic hubs like Hong Kong and Tokyo. The Others category encompasses specialized luggage types such as sports bags and travel accessories. This segment is gaining traction as consumers seek tailored solutions for specific travel needs. Based on the report, the form is segmented into traditional luggage, smart Luggage.

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The luggage market in the Asia Pacific region is witnessing significant dynamics, particularly with Traditional Luggage leading the segment and Smart Luggage experiencing rapid growth. Traditional luggage remains dominant due to its established reputation for durability, functionality, and aesthetic appeal, which resonates strongly with consumers across countries like China, Japan, and India. These regions have a rich travel culture, with increasing outbound tourism driving demand for reliable luggage solutions. Brands such as Samsonite and Delsey have long been favored for their quality and craftsmanship, making them the go-to choices for travelers seeking traditional options that can withstand the rigors of various travel conditions. The Smart Luggage segment is growing rapidly, fueled by technological advancements and changing consumer preferences. Smart luggage offers features like GPS tracking, built-in chargers, and weight sensors, appealing to tech-savvy travelers who prioritize convenience and security. This trend is particularly pronounced among younger travelers in urban areas, where countries like South Korea and Singapore are leading in adopting innovative travel solutions. The rise of e-commerce and digital marketing has also facilitated the visibility of smart luggage brands, making them more accessible to consumers who value cutting-edge technology. Based on the report, the distribution channel is segmented into offline channel, online channel. In the Asia Pacific luggage market, the Offline Channel is currently the leading segment, while the Online Channel is experiencing significant growth. The dominance of offline retail can be attributed to the established presence of brick-and-mortar stores that allow consumers to physically inspect and test luggage before purchase. Brands like Samsonite, Delsey, and VIP Industries have built strong reputations in this channel, leveraging their extensive retail networks across countries such as India, China, and Japan. These brands emphasize quality and craftsmanship, appealing to consumers who prioritize durability and functionality in their luggage choices. The tactile experience of shopping in-store, combined with personalized customer service, remains a significant factor for many buyers, especially for high-value items like luggage. The Online Channel is rapidly growing due to the increasing penetration of e-commerce and changing consumer behaviors. The convenience of shopping from home, coupled with the ability to compare prices and access a wider range of products, has led to a surge in online sales. Brands such as Bric’s, Crash Baggage, and Carl Friedrik are capitalizing on this trend by enhancing their online presence and offering exclusive online deals. Younger consumers, particularly millennials and Gen Z, are driving this growth as they seek innovative features and stylish designs that cater to their travel needs. The rise of digital marketing and social media also plays a crucial role in promoting these brands to a broader audience.

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Considered in this report • Geography: Asia Pacific • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Asia Pacific Elevator & Escalator Market with its value and forecast along with its segments • Application wise tire industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type: • Travel Bag • Causal Bag • Business Bag • Other Bag By Form: • Traditional Luggage • Smart Luggage By Distribution Channel: • Offline Channel • Online Channel The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to elevator & escalator industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.