India Luggage and Suitcases Market to Grow with a CAGR of 6.93% through 2030F
The India Luggage and
Suitcases Market is driven by factors such as increasing domestic and
international travel, rising disposable incomes, and growing e-commerce penetration.
According to
TechSci Research report, “India Luggage and Suitcases Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”, the India Luggage and Suitcases Market was valued at USD 3.68 Billion in 2024
and is expected to reach USD 5.50 Billion by 2030 with a CAGR of 6.93% during
the forecast period. The India luggage and suitcases market is experiencing
robust growth, driven by several key factors, including rising disposable
incomes, increasing travel frequency, and a shift towards premium and
innovative products. As the middle class expands and more Indians travel for
business and leisure, the demand for luggage, including suitcases, travel bags,
and backpacks, has seen a significant uptick. India is also becoming a major
hub for international and domestic tourism, further fueling the need for
durable and functional luggage. The market is diverse, catering to a range of
consumers, from budget-conscious travelers to affluent individuals seeking
high-end brands.
A key trend in the market is the growing
preference for smart luggage. With the rise of tech-savvy consumers, luggage
manufacturers are incorporating features such as GPS tracking, biometric locks,
and built-in charging ports into their products. These features cater to the
needs of frequent travelers, making their journeys more convenient and secure.
Smart luggage provides an enhanced travel experience, offering greater peace of
mind and convenience.
The India luggage and suitcases market
is poised for continued growth, driven by increasing travel, higher disposable
incomes, and evolving consumer preferences for smart, eco-friendly, and premium
products. The expanding e-commerce sector further accelerates this growth by
offering convenience and access to a wide range of products. However, brands
must navigate challenges such as intense price competition, fluctuating raw
material costs, and supply chain disruptions. As the market continues to
mature, companies that innovate, prioritize sustainability, and adapt to
changing consumer demands will be well-positioned to capture market share and
succeed in this dynamic industry.
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" India Luggage and Suitcases Market”
The India Luggage
and Suitcases Market is segmented into product type, distribution channel and region.
Based
on distribution channel, offline segment continues to dominate the India
luggage and suitcases market, driven by the presence of established retail
chains and brand-owned stores across major cities. Consumers prefer to
experience the product in-person, especially for high-value items like premium
suitcases, where factors such as durability, design, and functionality are
crucial. Additionally, brick-and-mortar stores provide immediate purchase,
after-sales service, and the ability to physically inspect the product, making
it a trusted option for many. While online retail is growing rapidly, offline
retail maintains a significant share, particularly in tier-1 and tier-2 cities,
where physical stores remain the go-to shopping destination.
Based on region, South region is currently the
fastest-growing region in the India luggage and suitcases market. This growth
is driven by an increasing number of domestic and international travelers from
cities like Bengaluru, Chennai, Hyderabad, and Kochi. The rise in disposable
income, a growing middle class, and increased tourism, both leisure and
business, are contributing to the surge in demand for luggage products.
Additionally, South India's evolving retail infrastructure and increasing
penetration of e-commerce are helping to fuel the region's rapid growth. While
the North also shows growth, the South region’s expanding travel trends and
retail development make it the fastest-growing.
Major companies
operating in India Luggage and Suitcases Market are:
- VIP
Industries Limited
- Samsonite
India Commercial Pvt. Ltd.
- Safari
Industries (India) Ltd.
- American
Tourister (India) Pvt. Ltd.
- Hidesign
India Pvt. Ltd.
- Wildcraft
India Pvt. Ltd.
- Aristocrat
Luggage Pvt. Ltd.
- Sampada
Group
- Bric's
India Pvt. Ltd.
- Tumi
India Pvt. Ltd.
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“The India luggage and suitcases market
is driven by increasing travel, rising disposable incomes, and a growing demand
for durable, smart, and eco-friendly products. Key trends include the shift
towards smart luggage with tech features, sustainable production practices, and
the rise of e-commerce for convenient shopping. Consumers are increasingly
opting for premium and high-quality luggage as business and leisure travel
grows. Innovations in design and functionality are also attracting consumers
looking for versatile and stylish options.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“India Luggage and
Suitcases Market By Product Type (Suitcases, Travel Bags, Backpacks, Duffel
Bags, Others), By Distribution Channel (Online, Offline), By Region,
Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of India Luggage and Suitcases Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the India Luggage and Suitcases Market.
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