India Luggage and Bags Market Analysis and Forecast, 2024-2030

According to the latest market research report title “India Luggage and Bags Market By Market Structure (Organized, Unorganized), By Product Type (Bags, (Cross Body Bags, Bags and Backpacks, Business Bags, Duffle Bags, Clutches, Others (Tote Bags, Wallet and Coin Pouches, Other Small Bags, etc.)), Luggage, (Soft Luggage, Hard Luggage, Wheeled Luggage, Non-Wheeled Luggage)), By Price Category (Luxury, Mass/Economy, Premium), By Application (Travel, Business), By Distribution Channel (Offline, (Dealers & Distributors, Retail Stores), Online), and Others--Forecast to 2030″, published by MarkNtel Advisors, The India Luggage and Bags Market size is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2024-30.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

Request for Sample Report: https://www.marknteladvisors.com/query/request-sample/india-luggage-and-bags-market.html

India Luggage and Bags Market Opportunity:

Government Initiatives to Enhance Domestic Tourism to Open New Doors for Market Players – In India, tourism has emerged as a major contributor to its GDP, and owing to this, the government is planning to strengthen its domestic tourism sector to make it more resilient against global challenges, such as economic downturns. In line with this, the government has been introducing various initiatives to enhance domestic tourism in the country. For instance, in 2022, the Ministry of Tourism revamped its Swadesh Darshan Scheme as Swadesh Darshan 2.0 (SD2.0) to develop sustainable and responsible destinations following a tourist- & destination-centric approach.

Additionally, in 2024, the government has notified 57 destinations in the country for development under the Swadesh Darshan Scheme as Swadesh Darshan 2.0 (SD2.0). This would catalyze domestic tourism in the country, which subsequently would necessitate the need for a wide range of bags, which would open new doors for market players.

India Luggage and Bags Market Segmentation

The India Luggage and Bags Market is highly robust and fragmented into numerous segments;

By Market Structure

-Organized- (Market Size & Forecast 2019-2030, (USD Million)

-Unorganized- (Market Size & Forecast 2019-2030, (USD Million)

By Product Type

-Bags

--Cross Body Bags- (Market Size & Forecast 2019-2030, (USD Million)

--Bags and Backpacks- (Market Size & Forecast 2019-2030, (USD Million)

--Business Bags- (Market Size & Forecast 2019-2030, (USD Million)

--Duffle Bags- (Market Size & Forecast 2019-2030, (USD Million)

--Clutches- (Market Size & Forecast 2019-2030, (USD Million)

--Others (Tote Bags, Wallet and Coin Pouches, Other Small Bags, etc.)- (Market Size & Forecast 2019-2030, (USD Million)

-Luggage

--Soft Luggage- (Market Size & Forecast 2019-2030, (USD Million)

--Hard Luggage- (Market Size & Forecast 2019-2030, (USD Million)

--Wheeled Luggage- (Market Size & Forecast 2019-2030, (USD Million)

--Non-Wheeled Luggage- (Market Size & Forecast 2019-2030, (USD Million)

By Price Category

-Luxury- (Market Size & Forecast 2019-2030, (USD Million)

-Mass/Economy- (Market Size & Forecast 2019-2030, (USD Million)

-Premium- (Market Size & Forecast 2019-2030, (USD Million)

By Application

-Travel- (Market Size & Forecast 2019-2030, (USD Million)

-Business- (Market Size & Forecast 2019-2030, (USD Million)

By Distribution Channel

-Offline- (Market Size & Forecast 2019-2030, (USD Million)

-Dealers & Distributors- (Market Size & Forecast 2019-2030, (USD Million)

-Retail Stores- (Market Size & Forecast 2019-2030, (USD Million)

-Online- (Market Size & Forecast 2019-2030, (USD Million)

By Region

-North

-South

-West

-East

-North-East

Click here for a more detailed explanation: https://www.marknteladvisors.com/research-library/india-luggage-and-bags-market.html

Key Players Operating in the India Luggage and Bags Market: -

Skybags

-Business Description

-Product Segments

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Texon Bags

-Business Description

-Product Segments

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

LVMH Watch & Jewellery India Pvt Ltd

-Business Description

-Product Segments

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Key Questions Answered:

What is the projected CAGR of the India Luggage and Bags Market during the forecast period?
Which segment is expected to lead the India Luggage and Bags Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.