Leather Luggage Market Size Analysis Highlights the Impact of COVID-19 2020–2024 | Rising Demand for Smart Leather Luggage to Boost the Market Growth | Technavio
Technavio has been monitoring the leather luggage market size and it is poised to grow by USD 42.74 billion during 2020–2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bellroy Pty Ltd., Hermès International, Hidesign, Kering SA, Leatherology, LVMH Moët Hennessy — Louis Vuitton, MAHI Leather Ltd., Samsonite International SA, Tapestry Inc., and VIP Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The rising demand for smart leather luggage has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Leather Luggage Market 2020–2024: Segmentation
Leather Luggage Market is segmented as below:
- Product
- Geographic Landscape
- Travel Bags
- Casual Bags
- Business Bags
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40151
Leather Luggage Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The leather luggage market size report covers the following areas:
- Leather Luggage Market Size
- Leather Luggage Market Trends
- Leather Luggage Market Analysis
This study identifies the expansion of online retailing of leather luggage products as one of the prime reasons driving the leather luggage market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
