Australia Bags and Luggage Market Outlook 2027F
Driven by online shopping preference & fast fashion trends
Region:Asia
Product Code:KROD137
February 2023
70
About the Report
The report provides a comprehensive analysis of the potential of Australia Bag & Luggage Market. The report covers an overview and genesis of the industry, market size in terms of product demand.
Its market segment includes by type of product (Travel bags, sports bag, business bags, leisure bags), by distribution channel (Online, offline), by market structure (organized, unorganized), by luggage (Soft luggage, hard luggage, wheeled luggage), by price category (Luggage Price Category, Handbag Price Category, Backpack Price Category, Duffel Price Category). The report includes Porter’s five force analysis, growth enablers, recent trends & developments, pain points & solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview
According to Ken Research estimates, the Australia Bag & Luggage Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F owing to online shopping preference & fast fashion trends.
- A boom in education opportunities abroad and increasing travel and tourism contribute to escalating luggage demand.
- The growing convenience of online shopping has led to a significant shift in consumer preferences in the purchase of travel bags and other luggage bags through e-commerce platforms, such as Amazon and eBay.
Key Trends by Market Segment
By Product Type: Travel bags hold a massive share of the market as compared to other products of the same segment.
Competitive Landscape
The Australia Bags & Luggage market is fragmented with major players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the Australia Bags & Luggage market for its products, services, and continuous product developments are Gucci, American Tourister, Mimco, July, Streamline among others.
Future Outlook
The Australia Bags & Luggage Market witnessed significant growth during the period 2017-2021, owing to fast fashion trends, rising urbanization levels & smart luggage trends.
Growth rate of the market is going to increase over the period as market penetration rates increase.
Scope of the Report
|
By Type of Product |
Travel bags Business Bags Leisure Bags Sports Bags |
|
By Type of Distribution Channel |
Online Offline |
|
By Market Structure |
Organized Unorganized |
|
By Price Category |
Luggage Price Category Handbag Price Category Backpack Price Category Duffel Bag Price Category |
|
By Luggage |
Soft Luggage Hard Luggage Wheeled Luggage Non-Wheeled Luggage |
Products
Key Target Audience
- Luggage Manufacturers
- Bags Manufacturers
- Retailer & Distributors
Time Period Captured in the Report:
- Historical Period: FY’17- FY’22P
- Base Year: FY’22P
- Forecast Period: FY’23F – FY’27F
Companies
Key Players Covered
- Gucci
- Australian Tourister
- Mimco
- Brie Leon
- Oroton
- July
- Antler
Table of Contents
1. Executive Summary
2. Australia Bags and Luggage Market Overview
2.1 Taxonomy of the Australia Bags and Luggage Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Australia Bags and Luggage Market
2.5 Growth Drivers of the Australia Bags and Luggage Market
2.6 Issues and Challenges of the Australia Bags and Luggage Market
2.7 Impact of COVID-19 on the Australia Bags and Luggage Market
2.8 SWOT Analysis
3. Australia Bags and Luggage Market Size, 2017 – 2022
4. Australia Bags and Luggage Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By End User, 2022 - 2027
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Australia Bags and Luggage Market Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 Major Players)
5.3.1 July
5.3.2 Gucci
5.3.3 American Tourister
5.3.4 Mimco
5.3.5 Brie Leon
6. Australia Bags and Luggage Future Market Size, 2022 – 2027
7. Australia Bags and Luggage Future Market Segmentation
7.1 By Product Type, 2022 - 2027
7.2 By End User, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on used car and new car over the years, penetration of car finance and down payment ratio to compute overall credit disbursed for cars. We will also review central bank statistics to understand credit disbursed and outstanding amount which can ensure accuracy behind the datapoint shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Australia Bags & Luggage Market is covered from 2017–2022 in this report, including a forecast for 2023-2027.
02 What is the Future Growth Rate of the Australia Bags & Luggage Market?
The Australia Bags & Luggage Market is expected to witness a CAGR of ~% over the next four years.
03 What are the Key Factors Driving the Australia Bags & Luggage Market?
Fast Fashion trends & rising urbanization levels are some of the major growth drivers of Australia Bags & Luggage Market.
04 Who are the Key Players in the Australia Bags & Luggage Market?
July, Gucci, American Tourister, Mimco are some of the prominent players in the market.
Why Buy From Us?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
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While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
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