World Travel Bags Market to See 7.1% CAGR through 2023, Predicts AMR in Its New Discounted Report Available at MarketPublishers.com19 Dec 2017 • by Natalie Aster
LONDON – The of value of the travel bag market stood at over USD 15 billion in the year 2016. This market is projected to rise at a 7.1% CAGR through to 2023 to cross the value of USD 24.02 billion. Growth in the travel bag market is propelled by the booming travel & tourism sector, escalating interest towards medical tourism, changing lifestyles, robust urbanisation, rising demand for innovative products and increasing number of business travelers.
Increasing purchasing power of middle-class population in the developing countries is predicted to spur the demand for premium and fashionable bags. Robust technological progress is also predicted to give a boost to the travel bags market growth.
New discounted research report “Travel Bags Market by Material Type, Luggage Type, Distribution Channel, and Price Range - Global Opportunity Analysis and Industry Forecast, 2017 - 2023” prepared by Allied Market Research (AMR) offers a clear look of the world’s travel bags market landscape with a detailed analysis of the key market segments. This research publication uncovers vital info on the travel bags market size, shape, shares and growth rates; sheds light on the market dynamics and the main growth hinders and drivers, and outlines future growth opportunities and challenges. Besides, this report presents an insightful overview of the current and emerging trends in the travel bags market globally and across the major geographies. Moreover, Porter’s five forces analysis and data on the lucrative investment opportunities are provided in the report along with in-depth insights into the competitive landscape and comprehensive profiles of the top players.
Note that AMR is currently running a special year-end discount campaign! For detailed info on the discounts from AMR follow this page.
Find many other research reports by this publisher at the Allied Market Research page at MarketPublishers.com.