The global market is projected to display a robust growth represented by a CAGR of 7.81% during 2018 – 2023.
The Premium price category of business luggage market accounts for larger market share on the back of higher demand by high income group working population and witnessed growth at a noteworthy rate over the last few years. The premium price category is expected to grow at higher rate during the forecast period on the back of new product launches with improved durability and functionality, attractive designs, add on high tech features, increasing disposable income and changing perception of considering Business Luggage as life style products.Amongst the regions, North America
accounts for the largest regional share in the global business luggage market in 2018, but the Asia-Pacific
region is witnessing the highest growth rate resulting in rapid market expansion and growing market share in global business luggage market.Key factors driving the robust growth rate of Asia-pacific
region include growing business and working class population, rapid urbanization, growing business tourism spending and rapidly increasing disposable income of expanding middle class income group.Key Topics Covered:
1. Research Methodology2. Executive Summary3. Strategic Recommendations4. Global Business Luggage Market5. Global Business Luggage Market: Growth and Forecast6. Global Business Luggage Market: Segment AnalysisCompany Profiles
- Samsonite International S.A.
- VIP Industries Ltd.
- VF Corporation
- Briggs & Riley Travelware
- Fox Luggage Inc.
For more information about this report visit https://www.researchandmarkets.com/research/3pklhs/global_business?w=5
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SOURCE Research and Markets