The global luggage locks market is expected to grow at a CAGR of 4.10% during the period 2017-2021.
The report, Global Luggage Locks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the increase in M&A activities. Vendors are increasingly adopting M&A strategies to expand their business and gain more market shares. In August 2016, Samsonite acquired premium lifestyle brand Tumi, which offers a comprehensive line of business bags, travel bags, and travel accessories. Tumi has a strong customer base and is known for its high quality and durable premium luggage products.
According to the report, one of the major drivers for this market is the advances in product technology. Vendors of luggage locks are focusing on product differentiation to expand their customer base. The frequent problem faced by most consumers who use combination digital-dial or zipper locks is forgetting the code or losing the key. Taking this into consideration, vendors are offering smart TSA luggage locks that have no key, digital wheel, and combination code.
- Hampton products International
- Master Lock
- Safe Skies
Other prominent vendors
- Alpine Rivers
- American Tourister
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Five Force Analysis
Part 07: Market Segmentation By Product Type
Part 08: Geographical Segmentation
Part 09: Key Leading Countries
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/mmmnfx/global_luggage