Luggage Manufacturing in China - Industry Market Research Report

Luggage Manufacturing in China - Industry Market Research Report

Luggage Manufacturing in China

The Luggage Manufacturing industry in China has expanded over the past five years. Industry revenue is expected to increase at an annualized 0.6% over the five years through 2022, to $101.6 billion. This trend includes anticipated revenue growth of 6.0% in 2022. The industry comprises an estimated 5,040 enterprises employing more than one million people, with wage payments totaling an estimated $8.5 billion in the current year. However, several factors have constrained the industry's performance over the past five years. These factors include high volumes of unbranded and low-value products flooding the market, cheap variations of renowned foreign brands, low international prices and increased export competition from other countries.

The Luggage Manufacturing Industry in China manufactures luggage and bags, usually made of leather, leatheroid (artificial leather), vinyl, plastic or textile fabric.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.