2024 India Luggage and Bags Market Forecast: Growth Drivers & Outlook to 2030

Executive Summery

This report presents a detailed overview of the India Luggage and Bags Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2024-30. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving India Luggage and Bags industry landscape.

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India Luggage and Bags Market Statistics and Key Highlights

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.

• India Luggage and Bags market shows steady growth
• Market size expanding due to rising industry demand
• Competitive landscape driven by tech and innovation
• Detailed segment-wise and geography wise share analysis
• Forecast reveals strong trends shaping future outlook

Key Player- Emerging India Luggage and Bags Companies

• 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 (Nekton India, Sanghavi Bags, etc.).

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Key Driver:

Expansion of MICE Events to Catalyze the Market Expansion – During the past few decades, India has experienced robust economic growth and corporate sector expansion due to conducive government support and a business-friendly environment. The growth of business establishments across the different parts of the country has substantially increased Meetings, Incentives, Conferences, and Exhibitions (MICE) activities in the country. Due to this, the frequency of travel across the country is surging, subsequently raising the demand for bags and luggage. Moreover, this is also influencing consumer preference towards premium, functional, and innovative luggage solutions.

Furthermore, the Indian government has devised a supportive policy for increasing Foreign Direct Investment (FDI) inflows. As per the United Nations Conference on Trade and Development (UNCTAD), India experienced a notable rise in Foreign Direct Investment (FDI) inflows in 2022. The inflows surged to USD 49.3 billion, marking a year-on-year increase of 10.3%. This surge positioned India prominently on the global stage; it became the third-largest destination for new international investment projects (greenfield projects). The increase in FDI would considerably increase the number of business establishments in the country. This would increase corporate events, including meetings, conferences, and workshops, which subsequently would increase the demand for bags and luggage.

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India Luggage and Bags Market Segmentation

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)

In India, bags, especially duffle bags, have registered noteworthy demand in comparison to other types of luggage and bags.

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

Reasons to Buy This Report

1. Gain comprehensive insights into current market trends and dynamics.
2. Equip your business with data-driven strategies for informed decisions.
3. Identify lucrative market opportunities and strategic growth areas.
4. Analyze competitors to enhance your positioning in the market landscape.
5. Understand geographical trends across diverse markets for better expansion strategies.

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