India Luggage and Bags Market size was estimated at USD XX billion in 2020 and is expected to hit around USD XX billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.44% from 2022 to 2030.
India Luggage and Bags Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
Luggage and bags are travel-related accessories used to transport personal belongings, documents, and other necessities. They come in a variety of shapes, sizes, materials, and designs to meet a variety of travel needs and preferences.
Luggage refers to larger bags that are used to transport clothing, shoes, and other personal items on long trips. Luggage is further classified into several types, including suitcases, duffel bags, travel backpacks, and wheeled bags.
Bags, on the other hand, are smaller bags that are used to transport personal items, documents, and electronics such as laptops, tablets, and smartphones. Bags are further classified into several types, including shoulder bags, tote bags, messenger bags, and backpacks.
Luggage and bags are important travel accessories that not only provide convenience and ease but also reflect one’s personal style and taste. Individuals use them for a variety of purposes, including business travel, leisure travel, adventure travel, and more. Luggage and bags are also important in the travel industry, as hotels, airlines, and travel agencies frequently provide or rent them to their customers.
In recent years, the luggage and bags market in India has grown significantly, owing to factors such as rising disposable income, increased travel and tourism activities, and shifting consumer preferences towards fashionable and functional bags. Luggage and bags have become an essential part of travel accessories, not only because they provide convenience but also because they reflect one’s style and taste. With an increased focus on domestic tourism and a growing demand for eco-friendly and sustainable luggage and bags, the Indian luggage and bag market is expected to continue its growth trajectory in the coming years.
The luggage and bag market in India is fiercely competitive, with both domestic and international brands vying for market share. Domestic brands such as VIP Industries, Safari Industries, and Samsonite South Asia are market leaders, accounting for the vast majority of market share. International brands with a strong presence in the market include American Tourister, Delsey, and Tumi, which offer premium and luxury products.
Overall, the Indian luggage and bag market is expected to continue growing in the coming years, owing to factors such as rising disposable income, a growing trend of adventure travel and backpacking, and rising demand for eco-friendly and sustainable luggage and bags. The Indian government’s emphasis on promoting domestic tourism is also expected to provide significant growth opportunities for Indian luggage and bag companies.
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