Travel and Business Bags Market in Italy 2015-2019
About Travel and Business Bags Market in Italy
The travel and business bags market in Italy is expected to decline during the forecast period. The market has been declining in the past few years because of the country’s declining economy and the impact of the Eurozone crisis. In 2014, the trolley bags/suitcases segment dominated the market in both revenue and volume terms.
Technavio's analysts forecast the travel and business bags market in Italy to grow at a negative CAGR of -0.81% by revenue and -0.96% by volume during the period 2014-2019.
Covered in this Report
This report provides an overview of the travel and business bags market in Italy and in-depth analysis of the 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 Italy 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 Italy 2015-2019
Technavio recognizes the following companies as the key players in the Travel and Business Bags Market in Italy: Delsey, Hermes, LVMH, Prada, Rimowa, RV Roncato, Samsonite and Valentino
Other Prominent Vendors in the market are: Adidas, Amazonlife, Anyvention, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Caribee, Chanel, 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: “Another trend driving the sales of travel bags in the market is the increasing introduction of value-added and innovative designer travel bags by vendors. Vendors are continuously trying to innovate with their product offerings, in terms of design, color, shape, and weight, to meet the varied needs of consumers. For instance, vendors use leather and microfibers to manufacture lightweight travel bags. The vendors that cater to the high-end category provide products with sophisticated colors such as blue, orange, and green. Travel bags makers also try to launch specialty products that offer comfort, convenience, and utility. In 2015, Gucci, Versace, and Dolce & Gabanna – the leading travel bag companies in the country – launched their summer/spring 2015 collection. It included fashion goods as well as transitional travel bags. Many designers often launch their own line of bags during fashion shows and Milan Fashion Week events. Launching new collections through seasonal campaigns helps to gather attention. As a result, consumers are motivated to purchase new and more improved products that are suited to their specific needs, which, thereby, is influencing the growth of the travel and business bags market in Italy.”
According to the report, Italy is one of the largest leather goods manufacturers in the world and is also popular for its high-quality leather products. The country exports the majority of its production to other countries. Many of the leather travel bag manufacturers are gaining respect and acclaim for their leather travel bags nationally as well as internationally. The country has proven its perfection in manufacturing leather goods for years and is still proving this by manufacturing the finest designs and styles in leather goods, including travel bags. Many local brands and manufacturers such as Bellezza, which manufactures leather bags and clutches, are popular in the country for their exclusive leather travel bag collections. The popularity of the leather bags made in Italy helps in promoting both large as well as small-sized Italian manufacturers and their products, influencing the market positively.
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.
Delsey, Hermes, LVMH, Prada , Rimowa, RV Roncato, Samsonite, Valentino, Adidas, Amazonlife, Anyvention, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Caribee, Chanel, 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