DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3fl2vr/travel_and) has announced the addition of the "Travel and Business Bags Market in Germany 2015-2019" report to their offering.
The travel and business bags market in Germany, in terms of revenue and volume is to grow at a CAGR of 2.15% and 1.49%, respectively, over the period 2014-2019.
Aggressive marketing, pricing, and customer acquisition tactics are driving sales through e-commerce in Germany. Fashion apparels and goods including travel bags are experiencing the highest online growth in the country. Many travel bag manufacturers as well as retailers have thus entered this segment offering a variety of brands and designs through online portals. As a result, sales of travel bags through online stores are increasing, which will have a positive influence on the growth of the market during the forecast period.
According to the report, Germany is one of the most popular countries for high-quality leather product manufacturing. Many leather travel bag manufacturers are gaining respect and acclaim for their leather travel bags nationally as well as internationally. The country has proven its perfection in manufacturing leather goods for years and is still proving this by manufacturing the finest designs and styles in leather goods, including travel bags. Many local brands and manufacturers, such as Bodenschatz that manufactures leather bags and clutches, are popular in the country for their exclusive leather travel bag collections. The popularity of leather bags made in Germany helps in promoting both large as well as small-sized Germany-based manufacturers and their products, influencing the market positively.
Further, the report states that one of the main challenges hindering the growth of the market is the increasing competition from counterfeit or fake products.
The travel and business bags market in Germany can be segmented into five segments: Backpacks, business bags, duffle bags, suitcases, and trolley bags.
The report also presents the vendor landscape and a corresponding detailed analysis of the 10 major vendors in the market.
- Braun Buffel
- BREE Collection
- Hermès International
- Hugo Boss
- Mode Creation Munich (MCM)
Other Prominent Vendors
- Alfred Dunhill
- Bottega Veneta
- Cambridge British Satchel Company
- Donna Karan International (DKNY)
- Gianni Versace
- it luggage
- Jany Luggage
- Lulu Guinness
- Mandarina Duck
- Pierre Cardin
- Ralph Lauren
- Real Deal
- River Island
- Russell & Bromley
For more information visit http://www.researchandmarkets.com/research/3fl2vr/travel_and