Middle East & Africa Luggage Market Research Report, 2027

Middle East Luggage Market is anticipated to gain strong growth potential in the coming time zone on the back of the rising need for better work-life balance needs, more luxurious living, sound infrastructure and ambience and increase in the disposable income of the new era population. It is anticipated to draw strong market growth scenario as a result of an increase in the growth of the travel and tourism industry and increase in the MNC corporate culture which has boosted business travel. An increase in the growth of the income spending is expected to be, yet, another growth proliferator for the product market in the coming time zone and is an all-time investment attracting industry. According to the report, “Middle East & Africa Luggage Market Research Report, 2027” published by Actual Market Research, the market is projected to reach more than USD 4 Billion by 2027 with around 10% CAGR for 2022-2027. The demand for bag packs has grown in the last few years especially due to the rising number of laptop users and the current trend. Major Brands have been continuously innovating their product to match the fast-changing need of the customers. Business bags have become a necessity for the people of Saudi Arabia, it has been observed that many customers have started to foresee business bags as a lifestyle statement which has prompted them to spend more. This shift in consumer behaviour has resulted in increasing demand for luxury business bags in the country. Crossbody bags are not currently in fashion there is demand for these types of bags in the last five years. Some of the luxury brands have traditionally focused their marketing communication on ladies. However, a trend was noticed where some of the brands are targeting men, especially through media advertising. The customers in MEA prefer to buy the bags and luggage through an offline channel rather than an online channel. The market consists of luxury bags, non-luxury bags, and luggage sold in the region through the online as well as the offline channel. Most of the bags and luggage sold across the region are imported from European and Asian countries. There are some manufacturers of luxury bags in Egypt and Turkey but they represent a very small share of the overall market. The number of brands operating in the market has grown over the years. Many fashion brands foresee Middle East & Africa as one of the most lucrative markets in the world due to the very high purchasing power of the customers. Most of the bag manufacturers operate in the region through a franchise model as it help them to reduce their financial and operational risk substantially. Some of the major retailers in the market are Splash, Lifestyle, Rubaiyat, Harvey Nicholas and others. The 24-25 years age group is the target customer for most of the bags and luggage products. High per capita income which leads to high buying power is another major factor for high potential market. The favourable socioeconomic condition of Saudi Arabia leads to the growth of bags and luggage market. There has been an increase in the supply of bags imported from neighbouring countries such as Egypt and Turkey. The increased supply can be linked to growth of Egyptian and Turkish fashion designers. Egyptian brand Okhtein is an example, which sells luxury bags in Saudi Arabian market. Covid-19 impacts: Owing to the outbreak of the COVID-19 global pandemic, the growth of the market has been affected. Owing to the nationwide lockdowns imposed as the nations across the world fight to win the bid to combat the spread of the deadly virus and fore loge safety and complete look over the health of the citizens of their country, the market for Luggage has seen a significant downfall. Underpinned by the increased safety standards and an increase in the growth of the construction halt, the market has seen a significant stop and as a result, the market has gained low productivity in the COVID era. However, with a revamp of the economy in the coming years, the product market is anticipated to gain growth revamped. Considered for the Report: Geography: Middle East & Africa Base Year: FY 2016 Estimated Year: FY 2022 Forecast Year: FY 2027 Objective of the study: • To present a global luggage industry • To analyse and forecast the market size of Middle East-Africa Luggage, in terms of value • To define, classify and forecast Luggage market on the basis of segments like Travel Bags, Casual Bags and Business Bags • To strategically profile leading players, those are operating in the Luggage industry of World. Approach for the Report: Actual Market Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Luggage market of the world were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web. Actual Market Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Actual Market Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of luggage were recorded and subsequently forecasted for the future years. Scope of the Report: “Middle East & Africa Luggage Market Research Report, 2027” discusses the following aspects of pet care market in the world: - Global Luggage Market Research Report - Global Travel Luggage Market Size By Value & Forecast - Global Casual Luggage Market Size By Value & Forecast - Global Business Luggage Market Size By Value & Forecast - Global Luggage Market Segmental Analysis: By Company, By Country, By Region, By Segment, By Sales Channel - Middle East-Africa Luggage Market Research Report - Middle East-Africa Travel Luggage Market Size By Value & Forecast - Middle East-Africa Casual Luggage Market Size By Value & Forecast - Middle East-Africa Business Luggage Market Size By Value & Forecast - Middle East-Africa Luggage Market Segmental Analysis: By Country, By Segment - Saudi Arabia Luggage Market Research Report - UAE Luggage Market Research Report - South Africa Luggage Market Research Report - Rest of Middle East-Africa Luggage Market Research Report - Key Vendors in this market space Intended Audience: This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to pet industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.