Australia Bags and Luggage Market Outlook 2027F

Australia Bags and Luggage Market Outlook 2027F

The report provides a comprehensive analysis of the potential of Australia Bag & Luggage Market. The report covers an overview and genesis of the industry, market size in terms of product demand.

Its market segment includes by type of product (Travel bags, sports bag, business bags, leisure bags), by distribution channel (Online, offline), by market structure (organized, unorganized), by luggage (Soft luggage, hard luggage, wheeled luggage), by price category (Luggage Price Category, Handbag Price Category, Backpack Price Category, Duffel Price Category). The report includes Porter’s five force analysis, growth enablers, recent trends & developments, pain points & solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview

According to Ken Research estimates, the Australia Bag & Luggage Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F owing to online shopping preference & fast fashion trends.

A boom in education opportunities abroad and increasing travel and tourism contribute to escalating luggage demand.

The growing convenience of online shopping has led to a significant shift in consumer preferences in the purchase of travel bags and other luggage bags through e-commerce platforms, such as Amazon and eBay.

Key Trends by Market Segment

By Product Type: Travel bags hold a massive share of the market as compared to other products of the same segment.

Competitive Landscape

The Australia Bags & Luggage market is fragmented with major players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the Australia Bags & Luggage market for its products, services, and continuous product developments are Gucci, American Tourister, Mimco, July, Streamline among others.

Future Outlook

The Australia Bags & Luggage Market witnessed significant growth during the period 2017-2021, owing to fast fashion trends, rising urbanization levels & smart luggage trends.

Growth rate of the market is going to increase over the period as market penetration rates increase.

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