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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