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The Global Luggage Market to Grow At A CAGR Of 8.1 Percent CAGR over the Period 2012-2016

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Dublin, Nov. 18, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/5cf35v/global_luggage) has announced the addition of the "Global Luggage Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the increasing disposable income of the consumers. The Global Luggage market has also been witnessing a trend of an increased per capita expenditure on luggage by the consumers. However, the increasing competition from local brands and counterfeit products could pose a challenge to the growth of this market.

The key vendors dominating this market space include Ace Co. Ltd., Samsonite International SA, Tumi Inc., and VF Corp.

The other vendors mentioned in the report are Antler Ltd., Boyt Harness Co. LLC, Delsey S. A., Etinnne Aigner AG, Jansport Inc., Moet Hennessy Louis Vuitton, Nike Inc., Rimowa Luggage, Targus Group International Inc., Valigeria Roncato, and VIP Industries Ltd.

Commenting on the report, an analyst from the team said: In some of the key target markets such as Japan, the US, South Korea, China, and India, there is an increase in the per capita expenditure on luggage. The higher disposable income of consumers is driving them to buy luggage products. Moreover, the growing popularity of travel and tourism is prompting consumers to purchase luggage and travel accessories. This increase in consumer spending on luggage is fueling the growth of the market.
Thus, the increasing per capita expenditure on luggage is an important trend in the market.

According to the report, one of the main drivers in this market is the increasing disposable income of consumers. With the rapid pace of economic growth in many countries and improving macroeconomic conditions, there has been an increase in the disposable income of consumers. This increasing disposable income is expected to trigger consumer spending on luggage, thereby driving the growth of the market.


For more information visit http://www.researchandmarkets.com/research/5cf35v/global_luggage

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Source:Research and Markets