Travel and Business Bags Market in France 2015-2019
About Travel and Business Bags Market in France
The travel and business bags market in France, is expected to post a rapid growth during the forecast period. The arrival of numerous brands and their easy availability through retail stores and online retail channels has increased the demand for travel bags among consumers in France. The travel bags market in France was dominated by the trolley bag segment in 2014 in terms of revenue and volume.
Technavio's analysts forecast the travel and business bags market in France, in terms of revenue and volume grow at a CAGR of 2.29% and 1.88%, respectively, over the period 2014-2019.
Covered in this Report
This report provides an overview of the travel bags market in France, and in-depth analysis of usage of the product in the market. The report considers 2014 as the base year and forecasts the market value to 2019.
The travel and business bags market in France can be segmented into five segments: Backpacks, business bags, duffle bags, suitcases, and trolley bags.
The report also presents the vendor landscape and a corresponding detailed analysis of the eight major vendors in the market.
Technavio Announces the Publication of its Research Report – Travel and Business Bags Market in France 2015-2019
Technavio recognizes the following companies as the key players in the Travel and Business Bags Market in France: Briggs and Rilley, Delsey, Hermès International, Longchamp, LVMH, Rimowa, Samsonite and VF
Other Prominent Vendors in the market are: Adidas, Amazonlife, Anyvention, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Caribee, Donna Karan International (DKNY), Ferrari, Gianni Versace, it luggage, Jany Luggage, Lulu Guinness, Mandarina Duck, Pierre Cardin, Prada, Puma, Ralph Lauren, Real Deal, River Island, Russell & Bromley, TOD's and Wenger
Commenting on the report, an analyst from Technavio’s team said: “With an increasing number of savvy consumers, and consumers becoming more demanding in the highly competitive travel and business bags market, the need to get an edge over other competitors has become important. Vendors present in a niche segment or geographies are thus trying to bring in more customized and personalized travel bag options for consumers. For instance, Tagger Bags International – a Netherlands-based manufacturer – offers a platform where consumers can choose the key features such as strap style, color, and flap before they assemble the product and deliver. Thus, many vendors are offering wide choices in designs or prints for consumers to choose from, creating demand in the market. This trend is expected to drive the growth of the market during the forecast period.”
According to the report, the improving macroeconomic conditions and reviving economy in France have led to an increase in consumer income levels. Increasing income is expected to influence consumer purchasing behavior, thereby increasing consumer spending on travel bags. Among the major consumer segments, the middle-income consumer group, in terms of disposable income and spending on lifestyle products, has been growing steadily in recent years. This, in turn, has made the middle-income consumer group a potential segment for vendors in the market. Increasing income has further added to increased spending on luxury travel bags and luggage products, especially by women. Further, after the downfall in 2012, the per capita income of consumers is expected to continue growing, influencing their expenditure on travel bags during the forecast period.
Further, the report states that one of the main challenges hindering the growth of the market is the increase in competition from counterfeit or fake products.
Briggs and Rilley, Delsey, Hermès International, Longchamp, LVMH, Rimowa, Samsonite, VF, Adidas, Amazonlife, Anyvention, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Caribee, Donna Karan International (DKNY), Ferrari, Gianni Versace, it luggage, Jany Luggage, Lulu Guinness, Mandarina Duck, Pierre Cardin, Prada, Puma, Ralph Lauren, Real Deal, River Island, Russell & Bromley, TOD's, Wenger
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