DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3j2chp/travel_and) has announced the addition of the "Travel and Business Bags Market in India 2015-2019" report to their offering.
The travel and business bags market in India will grow at a CAGR of 15.49% and 13.31%, in terms of revenue and volume respectively, during 2014-2019.
The travel and business bags market in India is expected to post a rapid growth during the forecast period. The growth is driven by an increase in travel and tourism activities, and rising number of business travelers, leading to a surge in demand and subsequent sales of travel and business bags in the country.
The travel and business bags market in India has five segments: Backpacks, business bags, duffel bags, suitcases, and trolley bags. The trolley bags segment dominated the travel and business bags market in India, in terms of volume; while duffle bags led the market in terms of revenue in 2014.
According to the report, urban consumers contribute to a large part of the sales of travel bags in India as they are brand-conscious and prone to impulse buying because they have high disposable income. As incomes rise, consumption patterns also shift in favor of organized retail formats that offer lifestyle and entertainment enhancements. These consumers also have access to many channels of advertising and communication, and often search multiple retail channels before making purchase decisions. Many of them have little time at their disposal and prefer shopping through the Internet.
Further, the report states that a significant challenge being faced by vendors is the continuing competition from the unorganized sector, especially traditional mom-and-pop shops.
- Louis Vuitton
- Safari Industries
- Samsonite International
- VIP Industries
- Wildcraft India
Other Prominent Vendors
- Alfred Dunhill
- Bottega Veneta
- Donna Karan International (DKNY)
- Gianni Versace
- IT Luggage
- Lulu Guinness
- Mandarina Duck
- Pierre Cardin
- Ralph Lauren
- River Island
- Russell & Bromley
For more information visit http://www.researchandmarkets.com/research/3j2chp/travel_and