2016-2020 Years: The Annual Growth Rate Of The Global Luggage Market Is 6%.

It is understood that due to the increase in disposable income of the global population and the rapid development of the tourism market, the demand for luggage and bags has increased significantly.

The increase in frequency of leisure activities and travel stimulated the growth of the travel bag market.

Research and Markets, a market research firm, released the global luggage market report and analyzed the 2016-2020 year market.

Reporters learned from foreign media's recent reports that in 2016-2020 years,

The annual compound growth rate reached 6%.

Lifestyle changes, urbanization and tourism boom have promoted the development of the global luggage market.

With the increasing number of tourists and students going to school and frequent travel at work, the demand for luggage and bags has been further promoted.

It is understood that due to the increase of the disposable income of the global population, the tourism market has developed rapidly, and the number of tourists has increased, and low ticket prices have also stimulated the development of the tourism industry.

In addition, tourism is good for GDP, so all countries are very supportive of the development of tourism.

During the peak season of tourism, demand for luggage and bags increased significantly.

The rapid growth is mainly driven by the market in China and India.

Raw material price instability is one of the main factors that impede the development of the global luggage market.

The materials used in the bags include plastic, aluminum, fabric and iron.

The price of raw materials is unstable, which has adverse effects on the product profits of luggage manufacturers.

The largest travel bag Market in 2014 is the Asia Pacific region.

The frequency of leisure activities and travel has stimulated the growth of the travel bag market.

Due to the growth of disposable income and urbanization, the demand for functional bags has increased sharply due to changes in people's lifestyle.

In the forecast period, the growth rate of cities in Africa and Asia is the highest.

According to data from the China Development Research Foundation, the urban population of China will increase from 52.6% in 2012 to 70% in 2030.

The professional retailers in the luggage market include independent retailers such as bags.

In 2014, sales of professional retailers in the Asia Pacific region accounted for 50.1% of the market share.

The most popular bag product in Japan in 2012 was knapsack.

And handbags.

The sale of bags includes factory outlets, specialized retailers, stores, supermarkets and electricity suppliers.

Because of the rapid development of the electricity supplier, the online sales volume of bags is increasing very fast.

The global bag suppliers are paying more and more attention to the research and development of raw materials, design and so on. The expenditure on the design and development of innovative products is also gradually increasing, thereby enhancing brand value and increasing product lines.

In addition, due to the easy production of counterfeit goods and the large number of suppliers, the market is dispersed and the competition is fierce.