India Luggage Market (2024-2030) | Companies, Share, Trends, Industry, Growth, Value, Revenue, Forecast, Outlook, Analysis & Size

Topics Covered in the India Luggage Market

India Luggage Market report thoroughly covers the market by product type and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development in the India Luggage Market

The India luggage market is growing rapidly underpinned by the rising customer online purchases coupled with the rising establishment of e-commerce stores, creating a favorable impact on the product’s demand. Additionally, smart luggage embedded with advanced features such as GPS tracking and digital locks are gaining traction.  Also, the rising eco-friendly luggage demand made with sustainable materials leads to a safe environment the high demand for Sustainable luggage can proliferate the market India luggage market growth at a considerable rate. Moreover, the Availability of Customizable luggage options can attract customers and lead to increased spending in luggage customization, which can lift the market size in the coming years. Premium and luxury luggage is generating high market growth in the country with customers seeking premium luggage that is more stylish yet durable.

India Luggage Market Synopsis

India Luggage Market is estimated to gain traction in the country on the back of the rising demand for luxury luggage to attain high durability and style. Moreover, the offering of travel-specific features such as anti-theft mechanisms and lightweight material to carry easily. The India luggage market is driven by changing consumer choices, technological advancements, and changing & evolving travel trends. The rising middle-class population led to spending on travel, thereby the travel products purchased also increased including luggage. The changing travel trends, like adventure tourism, and weekend travel, simultaneously the customers demand is also diversifying. This had resulted in the rising offering of different sizes and features of luggage to cater to customer demand.

According to 6Wresearch, the India Luggage Market size is expected to reach a CAGR of more than 5.6% during the forecast period 2020-2026. The increasing trend of online shopping and increased disposable income among consumers contribute significantly to the growth of the India luggage industry. Moreover, the rising population, expanding tourism industry, changing lifestyles, and improved air connectivity are some other factors that drive the demand for luggage bags in India. Additionally, advancements in technology have helped manufacturers develop innovative products that cater to customers` needs and preferences. Furthermore, with an increase in international trips by students as well as professionals from India has resulted in increased demand for hard-sided and soft-sided suitcases with rolling functions which further drives the overall growth of this sector.

Drivers of the India Luggage Market

The corporate sector driving the luggage demand due to constant business travel, also the demand for personalized and spacious bags has been increasing that can easily accommodate laptops and other work-related items. The rising travel influencers in the country have resulted in increased air travel, leading to fuelling the luggage demand. these are some major factors estimated to surge the market growth. Government initiatives such as the Incredible India campaign along with increased investment towards tourist infrastructure development across the country has contributed immensely towards the growing number of tourists each year ultimately fuelling demand for a variety of type of luggage ranging from hard-sided trolley bags to backpacks, etc.

Challenges of the India Luggage Market

Counterfeit players operating in the unorganized sector offering lower priced alternatives compared to branded ones due to low-quality raw materials used often lead customers to be misled about originality leading them to opt for counterfeit offerings instead thus negatively affecting sales volume & profitability. Massive competition in the market is also one of the challenges hampering the market growth.

Government Policies & Schemes Introduced in the India Luggage Market

India Luggage Market has a huge potential to grow significantly in the country underpinned by the rising government's favorable policies contributing to market widening. The Make in India campaign initiative involves one of the purposes such as making India the biggest manufacturing hub across the globe, this fosters the domestic manufacturing of luggage products in the country. The Indian government provides several export promotion schemes and incentives to support manufacturers to widen their markets beyond the country. The incentives provided by the government help startups in the development of new and innovative ranges of luggage products that can scale up the market size over the coming years.

Covid-19 Impact on the India Luggage Market

The India Luggage Market which is a part of the Asia Pacific luggage market affected adversely. Travel restrictions and lockdowns were imposed by the government to cease the virus spread, this led to a decline in business travel. The tourism sector, one of the significant drivers for luggage demand, was massively affected by the pandemic. The closure of the Hotels, and travel agencies, leading a major drop in product demand. this resulted in a major drop in the market shares and revenues. Cancellations of events, businesses, and conferences had led to reducing product demand.

Key Players of the India Luggage Market

India Luggage Market consists of several prominent players offering an extensive range of luggage products, also they are investing heavily to produce an innovative range of luggage products to serve the different needs of the customers. Some of the leading players are mentioned below:

• Samsonite
• VIP Industries Ltd.
• American Tourister (owned By Samsonite) Wildcraft India Pvt Ltd.
• Skybags
• Safari

Market Analysis by Product Type

According to Nitesh Kumar, Research Manager, 6Wresearch, all the segments are experiencing major market growth and dominating the India luggage market share influenced by consumer preferences and shifts in population lifestyle.

Market Analysis by Distribution Channel

Based on Distribution Channel, the Online channel is currently gaining traction in the country with the growing online purchasing due to convenience and increasing online brands establishment online influencing customers to opt for online options.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Luggage Market Outlook
• Market Size of India Luggage Market, 2019
• Forecast of India Luggage Market, 2026
• Historical Data and Forecast of India Luggage Revenues & Volume for the Period 2016 - 2026
• India Luggage Market Trend Evolution
• India Luggage Market Drivers and Challenges
• India Luggage Price Trends
• India Luggage Porter's Five Forces
• India Luggage Industry Life Cycle
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Product Type for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Travel Luggage for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Casual Luggage for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Business Luggage for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Sports Luggage for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Other Product Types for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Distribution Channel for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Online for the Period 2016 - 2026
• Historical Data and Forecast of India Luggage Market Revenues & Volume By Offline for the Period 2016 - 2026
• India Luggage Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• India Luggage Top Companies Market Share
• India Luggage Competitive Benchmarking By Technical and Operational Parameters
• India Luggage Company Profiles
• India Luggage Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Travel Luggage
• Casual Luggage
• Business Luggage
• Sports Luggage
• Other Product Types

 By Distribution Channel

• Online
• Offline