Saudi Arabia Bags and Luggage Market Outlook to 2023

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The report titled "Saudi Arabia Bags and Luggage Market Outlook to 2023 - By Type (Backpacks, Business Bags, Crossbody Bags, Duffel Bags, Handbags, Wallet and Other Bags); By Handbag Price Segment (Luxury, Premium, Economy)" provides a comprehensive analysis on the Bags and Luggage Industry of Saudi Arabia. The report covers various aspects including market size, market segmentation of Bags Market by Types of Bags (Backpacks, Business Bags, Crossbody Bags, Duffel Bags, Handbags, Wallet and Other Bags), by Type of Handbag (Luxury, Premium, and Economy), By Retail Format (Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs) and Local Retailers), By Sales Channel (Online Channel and Offline Channel), By Material (Leather (inc faux and Suede leather) and Non-Leather), By Region (Central, West, South, East, and North). Market Segmentation of Luggage Market By Price Segment (High (SAR 500<), Medium (SAR 250- SAR 500), and Low (SAR 250>), By Case Type (Hard Case and Soft Case), By Region (Central, West, South, East, and North), By Sales Channel (Offline and Online), By Retail Format (MBOs, EBOs, and Local Retailers). Industry factors including trends and developments, challenges, trade scenario, Porter’s five force analysis, competitive landscape. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.

Market Overview and Size

The bags and luggage market in Saudi Arabia is in its late growth stage. This is evident from the fact that all major international players have shown their presence in the market and are competing aggressively to dominate. Bags are in very high demand as compared to luggage and the global leader LVMH dominates the Saudi bags market. There is no major domestic designer brand in the luxury segment. The majority of the domestic bag companies are in the low price segment and lack total presence in the hard case luggage market. EBOs and MBOs are a biggest retail channel for sale of bags and luggage in Saudi Arabia.

Bags Market Segmentation

By Type of Bags: Handbags dominated the Saudi Arabian market generating more than a third of total revenue. Other bags have an extensive product reach which includes backpacks, cross body bags, handbags, wallets, coin pouches and similar. Most of these bag types are used on a daily basis and are considered a necessity and hence have a small share as they are generally purchased under the low and premium category.

HandBags by Price Range: The premium category is the leading category in this segment followed by the luxury and economy category. Luxury brands include global majors such as LVMH, Prada, Coco Chanel, Gucci, and similar. Premium categories are in the highest demand due to their value for money considering that women like to replace their bags at regular intervals.

By Region: Central region is the biggest market for bags in Saudi Arabia. Riyadh the capital city of KSA is home to the largest potential population base is in the central region. The western part of the country is the second-largest bag market and is followed by the South, East, and Northern region having a minority share in the bags market.

By Sales Channel: The bags market in Saudi Arabia was dominated by an offline channel which comprise of Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs), and Local Retailers. The online sales account for minority share and is still under development stage.

Luggage Market Segmentation

By Price Segment: Majority of the products sold are in the medium price range. This is mainly due to the fact that all major brands selling to the mass have their presence in this price range. Standard size luggage is most popular and is in high demand. During 2018, the high price segment and low price segment have an equal share in the luggage market of Saudi Arabia.

By Case Type: Sales of hard case luggage generated the majority of the revenue. Aluminum, Polycarbonate, Polypropylene, Leather and ABS are some commonly used materials which makes them sturdy and long-lasting. These also offer protection against external pressure and deformation of stored items. Soft case types are considered less durable as compared to hard case types and are in low demand. Samsonite and American Tourister are two of the major brands which operate in this segment.

Competitive Landscape

The Saudi Arabia Bags and Luggage market is moderately concentrated. LVMH Moet Hennessy Louis Vuitton is the market leader and has the highest market share in the Bags and Luggage market in Saudi Arabia during 2018. Nike, Kering, Prada, Samsonite, Capri Holding, Delsey, and Burberry are some of the other major players in the market. They compete on the basis of Price, Quality, Utility and Retail Presence.

Saudi Arabia Bags and Luggage Market Future Outlook

It is anticipated that Saudi Arabia Luggage and Bags market will register a positive CAGR during the period 2018–2023E. The shift in cultural orientation towards West in accessorizing, recovering economic scenario, easy availability of international brands in the domestic market, rising area of retail space in the mall is are expected to remain the major drivers for demand of bags and luggage in Saudi Arabia.

Key Topics Covered in the Report

• Value Chain Analysis
• Market Size,2013-2018
• Market Segmentation
• Trends and  Developments
• Issues and Challenges
• Trade Scenario
• Porter’s Five Forces Analysis 
• Competitive Scenario
• Company Profile of Major Players
• Future Market Size. 2018-2023
• Future Market Segmentation, 2023E
• Analyst Recommendation
• Wallet Industry Saudi Arabia
• Backpack Market Saudi Arabia
• Business Bag Sales Saudi Arabia
• Luggage Turnover KSA
• Hard Case Luggage Sales KSA
• Imported Bag Sales Saudi Arabia
• Luxury Handbag Market KSA
• Saudi Arabia Bags and Luggage Market
• Saudi Arabia Bags and Luggage Industry
• Bags and Luggage Businesses Saudi Arabia
• Saudi Arabia Bags and Luggage Market Revenue
• Major Companies Bags Saudi Arabia
• Major Companies Luggage Saudi Arabia 
• Saudi Arabia Bags Sales
• Saudi Arabia Luggage Revenue
• Handbag Market KSA
• Bags Luggage Distribution Channels Saudi Arabia
• Bags Sales in Riyadh
• Luggage Market in Saudi Arabia
• Bags Market Trends KSA
• Luggage and Bags Future Saudi Arabia
• Luggage and Bags Recent Developments
• Samsonite Saudi Arabia Market
• Avon Saudi Arabia Market
• Louis Vuitton Saudi Arabia Market
• Adidas Saudi Arabia Market
• Nike Saudi Arabia Inc. Market
• Capri Holding Company Bags
• Luggage and Bags Target Consumers Saudi Arabia
• Bags demand Saudi Arabia
• Luggage retailers Saudi Arabia
• Online Bags sales Saudi Arabia
• Bags importers Saudi Arabia