Surging Young and Women Population, Growth of E Commerce and Focus towards Non Oil sectors such as Tourism will have Strong Influence in the Industry: Ken Research
- The target market for KSA bags and luggage industry includes people from all income categories and comprises of 33.4 mn domestic population as well as 19.7 mn international tourist arrivals demanding different types of bags such as handbags backpacks and laptop or business bags.
- Increase in number of expats from 9.7 Million in 2015 to 10.7 Million in 20201. requiring business bags (including Laptop Bags) for their daily activities has positively impacted the bag sales in the Kingdom
- Despite the ups and downs that the sector had experienced during the COVID-19 pandemic, KSA bags and luggage market will revive due to the pilgrim visits to Mecca and Medina in the coming year along with FIFA 2022 to take place in Qatar which might increase the tourists in KSA as well.
Growth beyond Luggage: Luggage Category is expected to grow @11.8% CAGR in the future period in the KSA market but its share of the overall bags and luggage market is still dwarfed by that of bags with handbags leading the charge with majority revenue share in the overall bags market in 2025F.
Less Popular Formats Gaining Ground: Because consumers are likely to opt for domestic destinations in the next few months along with focus on keeping a healthy lifestyle, a shift in preference towards smaller and convenient bags such as duffles, backpacks, and weekenders would be in demand. The company are also focusing on smaller products that can carry items like hand sanitizer and extra masks which can be folded up into a tiny square when not in use and other accessories such as iPhones and sunglasses.
Smart Luggage: Technology is the major boosting factor for bags and luggage market largely driven by increasing global tourism coupled with growing trend of integrating luggage with technology. Increase in Internet penetration may lead to adoption of smart luggage in KSA. However, leading manufacturers have yet to officially launch any significant attempts at “smart luggage” in the country.
The report titled “Potential Assessment In Saudi Arabia Bags & Luggage Market – Driven by Change in Lifestyle, Increasing Travel and Tourism and Customer Inclination toward High-end Brands” by Ken Research suggested that the bags and luggage market is further expected to grow in the near future owing to Change in demographics, Increase in consumer spending and Rise in E-commerce industry. The growth in domestic tourism along with surging young and women population foreseeing handbags as a style statement than its functional aspect has supplemented the market growth. The market is expected to register a positive six year CAGR of 10.1% in terms of revenue during the forecast period 2020-2025F.
Key Segments Covered in Saudi Arabia Bags and Luggage Market
By Bags and Luggage
Bags
Luggage
By Type of Bags
Handbags
Backpacks
Business Bags
Wallet
Crossbody Bags
Duffel Bags
Briefcases
Other Bags (Totes, Baguettes, Satchels, Flaps, Hobos, Shopper Bags, Messenger Bags, Clutches and others)
By Type of Luggage
Hard Case
Soft Case
By Hard Case Luggage Capacity
30-50 L
50-90L
>90L
Roling Totes
Others such as Jewellery cases, Business case etc
By Soft Case Luggage Capacity
30-50 L
50-90L
>90L
Garment Bags
Rolling Totes
Others
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDM0MTM5
By Price Range of Bags and Luggage
Premium
Economy
Luxury
By Sales Channel of Bags and Luggage
Offline
Online
By Retail Format of Bags and Luggage
EBOs
MBOs
Local Retailers
By Region
Riyadh
Jeddah
Dammam
Al khobar
Mecca and Medina
Others
Key Target Audience
Luggage Manufacturers
Bags Manufacturer
Retailers and Distributors
Time Period Captured in the Report
Historical Period: 2015-2020
Forecast Period: 2020–2025
Key Topics Covered in the Report
Saudi Arabia Luggage and Bags Market Introduction
Saudi Arabia Luggage and Bags Market Size, 2015-2020
Saudi Arabia Luggage and Bags Market Segmentation, 2015-2020
Growth Drivers for KSA Luggage and Bags Market
Understanding the Target Market for Bags & Luggage Industry
Recommended Store Layout & Proposed Business Framework
Landscape of Local Manufacturers, Distributors & Retailers in KSA Bags and Luggage Market
Potential B2B Partnership Strategy (Partnership with Corporate , Schools , CSD and Local Retailers )
Competition Scenario of Bags and Luggage Market in KSA
4Ps and Pricing Analysis in KSA Luggage and Bags Market
Global Practices and Global Case Scenarios that can be Adopted in KSA
Technological Innovations in Bags and Luggage Market
Consumer’s Decision Making Parameters and Buying Behavior in KSA Luggage and Bags Market
Issues and Challenges in KSA Luggage and Bags Market
KSA Luggage and Bags Market Future Outlook and Projections, 2020-2025F
GTM and Market Opportunities for KSA Luggage and Bags Market
For more information on the research report, refer to below link:
Saudi Arabia Bags & Luggage Market
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
0
