Dublin, June 28, 2019 (GLOBE NEWSWIRE) -- The "Global School Bags Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Adoption of new teaching methodologies and increasing focus on extracurricular activities by schools are necessitating the use of laptops and tablets among students.
Having to carry such electronic gadgets is increasing the weight of school bags, which is increasing the demand for lightweight bags among parents and school administrations. To cater to this demand, vendors are using advanced technologies and raw materials to develop lightweight school bags. For instance, several vendors are offering water repellent lightweight bags made of polyurethane.
The growing demand for lightweight school bags is expected to drive the growth of the global school bags market size at a CAGR of over 6% during 2019-2023.
Increasing global literacy rate
According to the World Bank Group, the global literacy rate among people within the age range of 15-24 years has increased by 6.89% during 1996-2016. Such growth in the literacy rate is indicative of the fact that the number of student enrolments in educational institutions will increase, which will a positive impact on the growth of the global school bags market size.
Presence of counterfeit products (Me-Too brand)
The growth of the e-commerce industry is easing the distribution of counterfeit products across various regions. Manufactured out of toxic and low-quality raw materials, counterfeit products imitate logo, and trademarks of genuine brands and are marketed at cheaper rates. While this is harming the reputation of vendors, it is also compelling them to reduce the market price of their products despite incurring a high production cost.
Competitive Landscape
The market appears to be fragmented with many players occupying the market share. Companies such as DELSEY and LVMH Mot Hennessy - Louis Vuitton have intensified competition. Factors such as the high demand for lightweight school bags and increasing global literacy rate will provide significant growth opportunities for school bags manufacturers.
Key Players
- DELSEY
- LVMH Mot Hennessy - Louis Vuitton
- Samsonite International S.A.
- Targus Inc.
- VF Corp.
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Comparison by distribution channel
- Offline - Market size and forecast 2018-2023
- Online - Market size and forecast 2018-2023
- Market opportunity by distribution channel
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Increased demand for school bags made of environment-friendly material
- Personalization and customization of school bags
- Introduction of exclusive designer school bags
- Other trends
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
- Comparative analysis of key vendors
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- DELSEY
- LVMH Mot Hennessy - Louis Vuitton
- Samsonite International S.A.
- Targus Inc.
- VF Corp.
For more information about this report visit https://www.researchandmarkets.com/r/la70m
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