Future India Luggage and Bags Market: Key Dynamics, Size & Share Analysis

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 luggage and bags industry in India demonstrates robust growth prospects fueled by several factors. One of the key factors includes the growth in domestic and international tourism and government initiatives. Other countries that promote tourism have increased the travel of residents abroad and domestically. Along with this, the growing middle-class population and rising disposable income have increased the inclination of consumers towards high-quality luggage and bags for travel and daily use.

Top Challenges Impacting the India Luggage and Bags Market Growth

Increasing Availability of Counterfeit Products to Restrict Market Growth – In India, there is a substantial inclination of customers towards luxury and high-end branded bags and luggage. However, the high cost of these bags makes them beyond the reach of the majority of consumers, owing to which there is a lucrative market for counterfeit bags and luggage in India. Moreover, advancements in technology are making it easier to produce high-quality replicas. As the availability of these duplicate products surges, this would reduce the revenue of legitimate brands, thereby posing a challenge to market players.

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Understanding the Core Segments in the India Luggage and Bags Market

India Luggage and Bags Market Size, Share & Industry Trends Analysis- 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

Who Dominates the India Luggage and Bags Market Insights on Key Industry Players?

Companies are strengthening their presence in the India Luggage and Bags market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• Safari Industry India Ltd.
• VIP Industries Ltd.
• Delsey India Pvt Ltd.  
• Wildcraft India Pvt Ltd.
• Mufubu
• Samsonite IP Holdings S.a.r.l.
• Suntop
• Harrison Bags
• Nath Brothers Exim International Ltd.  
• Titan Co Ltd.
• Skybags
• Texon Bags  
• LVMH Watch & Jewellery India Pvt Ltd
• Others

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