China Luggage Market Research Report, 2029

China’s luggage market has performed well in recent years and all data show a good growth trend, China’s luggage market has always been dominated by exports, and China’s market demand share is relatively small. In the face of the new economic environment, this situation may be adjusted in the future. As China’s economic situation has improved, China’s luggage market demand growth rate is faster, and the deterioration of the export environment, the overseas market has been affected. The genuine leather logo is a certified trademark of the China Leather Association registered with the State Administration for Industry and Commerce in 1994. Over the past 20 years, it has become an important platform and carrier for the industry to cultivate its own brands, and has been widely recognized by the government, the society and the industry. Among several plastic textile bag enterprises that are conscious of building their brands, although some enterprises hire celebrities as brand spokespersons or often plan some relatively large-scale public relations publicity and promotional activities, but basically is a number of split events and the lack of overall planning, brand positioning is not clear, the lack of personalization, it is difficult for consumers to choose special reasons for the plastic textile bag industry. It can be said that the entire plastic textile bag industry brand planning and management is still at a low level. In China, encourage enterprises to speed up the introduction of technology and technological transformation, and develop enterprises of scale and benefit, and the Ministry of Industry and Information Technology and other relevant ministries to set up special funds to support technological transformation projects. The third aspect, take the market final consumption as the guidance, guides the enterprise to adjust the product structure. According to the research report "China Luggage Market Research Report, 2029," published by Actual Market Research, the China luggage market is anticipated to grow at more than 6.9% CAGR from 2024 to 2029. The low-end, homogeneity concentration is so serious that the China luggage industry. The development history of China's luggage industry is quite short, with rather weak innovation and design capabilities for enterprises. Most of the produced products belong to the middle and low end, and high-added-value, high-tech content products are relatively scarce. The consciousness of intellectual property rights protection of most enterprises is still relatively weak. Competition between enterprises mainly stays at the low level and low level of quality, function, price, and so on. In the channel, China's luggage enterprises are also mainly to take the main circulation. Chinese international brands occupy large department stores and other high-end channels, but the bulk of China's luggage enterprises product sales or wholesale market circulation-based but occupied the low-end market. Despite the increasing brand awareness of various luggage and bag enterprises over the recent years, the luggage and bag industry of China remains shy of influential brands and lacks international luggage and bag brands through the low-cost advantage to compete with the international brands. At the top of this pyramid within the Chinese luggage market, are brands such as Chanel, Gucci, LV and the best international brands, whose prices and profits are very high. The middle end includes a few middle- and high-grade brands. The brand lacks individuality and infectivity; it lacks separation and can't resonate with consumers deep emotions, resulting in a serious inability to pass perceptible brand benefit to the consumer. Concentration of Chinese brands at the low end with significant market shares and low margins.

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In the China Luggage market, the categorization by type is very distinct as it satisfies a unique need of the consumer. The Travel Bag segment has been massive in demand and is thus a relatively larger contributor to the market share since the travel of both domestic and international customers keeps on increasing continuously. Luggage Chinese consumers demand luggage that is strong, spacious, but features high-end services such as USB ports and smart locks. Chinese travel bags remain one of the top segments not only in terms of integrating new technology but also in competitive pricing due to advanced manufacturing capabilities. The Casual Bag segment is also significant because of casual and outdoor activities among the younger generation. These include backpacks and sling bags that are available for day-to-day use and are styled to make one feel comfortable and functional. Casual bags in China are relatively very diverse and inexpensive with influences ranging from local to international fashion trends. Moreover, the easy accessibility of these bags through any form of an e-commerce website just adds to their popularity. Business Bag segment-This segment caters to the population of professionals, for which there is a demand for high-quality, sophisticated designs wherein laptops and other necessary work material can be put. Bags for business out of China are characterized by elegance and practicality; it has undergone features like anti-theft pouch and ergonomic structures. Growth within the business environment in the country, coupled with an increased number of white-collar workers, contributes to growing this market segment. Luggage remains one of the best-selling products in the market, though now it comes in different varieties, including cases, and backpacks, which continue to focus on durability, roominess, and simple functionality. Such pieces are more popular because they are reliable and affordable. Traditional Chinese luggage are typically in high demand because of excellent materials used and competitive pricing due to the large manufacturing capability in the country. The extensive portfolio of designs and the presence of not only local but international brands also keep the demand for traditional luggage at a sustainable level. Smart Luggage, on the other hand, is the fastest-growing segment as the facilitators are new technological developments and the growing tech-savviness of Chinese consumers. This product line's features include built-in chargers, GPS tracking, smart locks, and in some cases, weight sensors. The best thing about the smart luggage in China is that the said technology deployment is integrated with ease, which always is cheaper in China than in any other country. This could be made possible due to China's strong manufacturing ecosystem and its leadership in innovation at the technological level. Demand for Smart Luggage has surged in China. This trend will be added impetus by the technology-driven culture in the country and increasingly young people traveling with technology. The market will further expand once the trend towards smart luggage gets the consumers attracted to innovate, feature-rich products. The Offline Channel includes brick-and-mortar stores, specialty luggage stores, and department stores. Since it allows for direct access to products for comparison and observation, it suits luggage, naturally, with obvious reasons like durability and size. China has a mature infrastructurally offline luggage market with the participation of domestic and international brands available throughout shopping malls and retail in shopping centers across the country. The best feature of China's offline channel is a great distribution network of retail stores along with a huge variety of products to ensure their availability to the target customers for luggage. In last few years, the Online Channel also gained popularity as e-commerce grew rapidly in China. Luggage products through these platforms, Alibaba, JD.com, and Pinduoduo are offered in an assortment range at competitive prices for optimal convenience and choice. Younger consumers shop more through the online channel because this is easier for them compared to older generations, who highly value the ability to compare prices and read reviews. The best thing the online channel in China offers is pretty advanced e-commerce infrastructure, such as efficient logistics networks and innovative payment systems, making the purchase process smooth and reliable.

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Nikita Jabrela

Business Development Manager

Considered in this report • Geography: China • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • China 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

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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.