LUGGAGE MARKET ANALYSIS

Luggage Market, By Product Type (Travel Bags, Trolley & Duffle Bags, Lifestyle Bags, Backpack, Garment Bags, Business Cases, Briefcases, Attache Cases, Business Backpacks, Others), By Distribution Channel (Wholesale & Specialty Stores, Hypermarkets, Supermarkets, Online Stores, and Others), By Price range (Mid Range, Low Range, and Premium Range), By Category (Soft-side and Hard-side), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments:

New Product launches:

In July 2023, Louis Vuitton Malletier, a France-based luxury fashion house and company founded by Louis Vuitton that offers handbags, travel, wallets, leather goods, jewelry, shoes, watches, perfumes, accessories, and other related products, launched the Taurillon Monogram collection on the Echoing Maison runway. The collection included the Christopher backpacks, the slim Sac Plat mini, and the Keepall25.
In April 2023, Samsonite International S.A, a leading company in the luggage and travel accessories industry that offers a wide range of products including durable and innovative luggage, business cases, backpacks, and travel accessories, launched a Luggage Trade-In campaign offer, supporting its commitment to sustainability. The company, with its local partners WWF Philippines and Envirotech, called for trade-ins of any brand or size and offered up to 35% off on Samsonite's Oc2Lite and Niarmodels.

Mergers and Acquisition:

In January 2021, Louis Vuitton Malletier, a France-based luxury fashion house and company founded in 1854 by Louis Vuitton that offers handbags, travel, wallets, leather goods, jewelry, shoes, watches, perfumes, accessories, and other related products, acquired iconic American jeweller Tiffany for US$ 16.2 Bn. The acquisition was the biggest-ever deal for the French group owned by Bernard Arnault.