Bangladesh Luggage Market (2021-2027) | Analysis, Revenue, Industry, Outlook, Companies, Trends, Share, Value, Growth, Size, Forecast & COVID-19 IMPACT
Market Forecast By Product Type (Travel Luggage, Casual Luggage, Business Luggage, Sports Luggage, Other Product Types), By Distribution Channel (Online, Offline) And Competitive Landscape
| Product Code: ETC060828 | Publication Date: May 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 100 | No. of Figures: 18 | No. of Tables: 6 |
Bangladesh Luggage market report comprehensively covers the market by type, distribution channel, and region. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Luggage Market Synopsis
Bangladesh Luggage Market witnessed considerable growth in recent years on account of the growing consumer demand for travel luggage bags and casual bags from the population of Bangladesh underpinned by strong growth in tourism in the country and the rising education sector. The demand for luggage bags is on an upward growth trajectory mainly attributed to urban consumers who are more inclined towards travelling and education related activities.
However, the spread of COVID-19 resulted in a complete termination on long distance travel, school, colleges and offices. Stringent lockdown imposed in the country to curb the spread of coronavirus resulted in the closing of speciality stores and malls, which lowered the sales of luggage bags during the year 2020 and thus, the market revenues witnessed a decline during this year. Also, the demand from school and college students was in a major slump owing to restrictions on travel and the closing of educational institutions. However, the luggage market in the country is expected to reach 2019 peaks in 2022 with a slight recovery in 2021 with the reopening of schools, colleges and the revocation of travel restrictions
According to 6Wresearch, Bangladesh Luggage Market size is projected to grow at CAGR of 8.4% during 2021-27. The increasing number of rail and air passengers and the rising disposable income in Bangladesh are the major factors contributing to the growth of the luggage market. The projected growth in demand for luggage bags over the coming years can also be attributed to the government’s planned expenditure of 37 billion USD by 2024 for the education sector and the steps being taken by the Ministry of Primary and Mass Education to increase the number of teachers in the country. With the rising innovation by the manufacturers in the luggage bags industry, the adoption of newer and technology headed luggage bags is anticipated to rise in the forthcoming period.
Market Analysis by Type
By distribution channel, supermarkets/hypermarkets and specialty stores have a cumulative market share of around 60% of the total market revenues in 2020. supermarket/hypermarkets that are dealing in multiple brands garnered the majority of the market share as the consumers have the option of comparing the different brands available at the store physically and choose the right luggage bag for their requirement and comfort. However, the growing popularity of e-commerce websites among millennials is likely to drive significant growth in the online distribution channel segment over the coming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Bangladesh Luggage Market Overview
- Bangladesh Luggage Market Outlook
- Bangladesh Luggage Market Forecast
- Historical Data and Forecast of Bangladesh Luggage Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Types, for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Distribution Channel, for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Regions, for the Period 2017-2027F
- Market Drivers
- Market Restraints
- Bangladesh Luggage Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Bangladesh Luggage Market Share/Ranking, By Companies
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Types
- Travel
- Casual
- Business
- Sports
- Others
- By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online
- Others
- By Regions
- Northern Bangladesh
- Central Bangladesh
- Southern Bangladesh
- Eastern Bangladesh
Other Key Reports Available:
- Sri Lanka Luggage Market (2021-2027F)
- Australia Luggage Market (2021-2027F)
- India Luggage Market (2021-2027F)
Bangladesh Luggage Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Bangladesh Luggage Market revenue is anticipated to record a CAGR of 8.4% during 2021-27.
Supermarket/hypermarket has dominated the market revenues led by the growing demand of the product in cold storage industry.
Travel bags segment would record key growth throughout the forecast period 2021-27.
The key players of the market include- President Luggage, Samsonite International, VIP Industries Ltd., Max Bags, Kings Bag & Luggage Industries Pvt Ltd., Rider Bags and Luggage Factory Pvt Ltd., Bata Shoe Organization, Cat Bags
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1. Executive Summary |
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2. Introduction |
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2.1 Report Description |
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2.2 Key Highlights of the Report |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3. Bangladesh Luggage Market Overview |
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3.1 Bangladesh Luggage Market Revenues, 2017-2027F |
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3.2 Bangladesh Luggage Market Industry Life Cycle |
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3.3 Bangladesh Luggage Market Ecosystem |
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3.4 Bangladesh Luggage Market Porter’s Five Forces |
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4. Impact Analysis of Covid-19 on Bangladesh Luggage Market |
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5. Bangladesh Luggage Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.3 Market Restraints |
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6. Bangladesh Luggage Market Trends |
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7. Bangladesh Luggage Market Overview, By Types |
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7.1 Bangladesh Luggage Revenue Share, By Types, 2020 & 2027F |
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7.2 Bangladesh Luggage Revenues, By Types, 2017-2027F |
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7.2.1 Bangladesh Travel Luggage Market Revenues, 2017-2027F |
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7.2.2 Bangladesh Casual Luggage Market Revenues, 2017-2027F |
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7.2.3 Bangladesh Business Luggage Market Revenues, 2017-2027F |
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7.2.4 Bangladesh Sports Luggage Market Revenues, 2017-2027F |
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7.2.5 Bangladesh Other Luggage Market Revenues, 2017-2027F |
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8. Bangladesh Luggage Market Overview, By Distribution Channel |
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8.1 Bangladesh Luggage Market Revenue Share, By Distribution Channel, 2020 & 2027F |
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8.2 Bangladesh Luggage Market Revenues, By Distribution Channel, 2017-2027F |
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8.2.1 Bangladesh Luggage Revenues, By Online Distribution Channel, 2017-2027F |
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8.2.2 Bangladesh Luggage Revenues, By Supermarket/Hypermarket, 2017-2027F |
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8.2.3 Bangladesh Luggage Revenues, By Specialty Stores, 2017-2027F |
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8.2.4 Bangladesh Luggage Revenues, By Other Distribution Channel, 2017-2027F |
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9. Bangladesh Luggage Market Overview, By Regions |
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9.1 Bangladesh Luggage Market Revenue Share, By Regions, 2020 & 2027F |
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9.2 Bangladesh Luggage Market Revenues, By Regions, 2017-2027F |
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9.2.1 Bangladesh Luggage Market Revenues, By Northern Region, 2017-2027F |
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9.2.2 Bangladesh Luggage Market Revenues, By Southern Region, 2017-2027F |
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9.2.3 Bangladesh Luggage Market Revenues, By Central Region, 2017-2027F |
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9.2.4 Bangladesh Luggage Market Revenues, By Eastern Region, 2017-2027F |
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10. Bangladesh Luggage Market – Exports and Imports Statistics |
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10.1 Bangladesh Luggage Market – Export Statistics |
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10.2 Bangladesh Luggage Market – Import Statistics |
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11. Bangladesh Luggage Market Key Performance Indicators |
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12. Bangladesh Luggage Market Opportunity Assessment |
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12.1 Bangladesh Luggage Market Opportunity Assessment, By Types, 2027F |
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12.2 Bangladesh Luggage Market Opportunity Assessment, By Distribution Channel, 2027F |
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12.3 Bangladesh Luggage Market Opportunity Assessment, By Regions, 2027F |
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13. Bangladesh Luggage Market Competitive Landscape |
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13.1 Bangladesh Luggage Market Revenue Rankings, By Companies, 2020 |
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13.2 Bangladesh Luggage Market Competitive Benchmarking |
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13.2.1 Bangladesh Luggage Market Competitive Benchmarking, By Technical Parameters |
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13.2.2 Bangladesh Luggage Market Competitive Benchmarking, By Operating Parameters |
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14. Company Profiles |
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14.1 President Luggage |
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14.2 Samsonite International |
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14.3 VIP Industries Ltd. |
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14.4 Max Bags |
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14.5 Kings Bag & Luggage Industries Pvt. Ltd. |
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14.6 Rider Bags and Luggage Factory Pvt. Ltd. |
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14.7 Bata Shoe Organization |
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14.8 Cat Bags |
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15. Key Strategic Recommendations |
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16. Disclaimer |
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List of Figures |
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1. Bangladesh Luggage Market Revenues, 2017-2027F ($ Million) |
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2. Secondary School Enrollment, Percentage of Eligible Students, 2010-2019 |
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3. School-age population by education level, 2020 |
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4. Number of Air Passengers in Bangladesh, 2010-2019 |
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5. Urban population (percentage of total population), 2010-2019 |
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6. Bangladesh Luggage Market Revenue Share, By Types, 2020 & 2027F |
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7. Bangladesh Luggage Market Revenue Share, By Distribution Channel, 2020 & 2027F |
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8. Bangladesh Luggage Market Revenue Share, By Regions, 2020 & 2027F |
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9. Bangladesh - Gross Domestic Product Per Capita in Current Prices, US Dollars, 2009-2020 |
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10. Bangladesh - Total population, Million persons, 2009-2020 |
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11. Bangladesh - Domestic travel and tourism spending, Billion US dollars, 2008-2019 |
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12. Leisure Spending vs Business Spending, Travel and Tourism sector, 2019 |
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13. Bangladesh – Gross Enrollment Ratio Tertiary Education, 2011-2019 |
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14. Bangladesh – Gross Enrollment Ratio Secondary Education, 2011-2019 |
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15. Bangladesh Luggage Market Opportunity Assessment, By Types, 2027F |
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16. Bangladesh Luggage Market Opportunity Assessment, By Distribution Channel, 2027F |
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17. Bangladesh Luggage Market Opportunity Assessment, By Regions, 2027F |
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18. Bangladesh Luggage Market Revenue Rankings, By Companies, 2020 |
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List of Tables |
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1. Bangladesh Luggage Market Revenues, By Types, 2017-2027F ($ Million) |
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2. Bangladesh Luggage Market Revenues, By Distribution Channel, 2017-2027F ($ Million) |
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3. Bangladesh Luggage Market Revenues, By Regions, 2017-2027F ($ Million) |
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4. Bangladesh Luggage Market Exports, 2016-2019F ($ Thousand) |
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5. Bangladesh Luggage Market Exports, July 2020-March 2021 ($), By Countries |
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6. Bangladesh Luggage Market Imports, 2016-2019F ($ Thousand) |
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