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Learn moreAug 2020
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Growth in tourism and travelling in the country had helped bags and luggage to achieve growth in 2019. However, since the onset of COVID-19, the category witnessed a dramatic decline as travel was restricted, stores closed and consumers cut back on their spending on discretionary purchases.
Since GST was rolled out in 2017, the per unit price gap between products sold through organised and unorganised channels diminished, resulting in a loss of the unorganised channel’s competitive pricing advantage. Consumers therefore increasingly preferred to shop via organised players as they offer shopping experience, product warranty, etc.
VIP Industries Limited continued to lead bags and luggage in 2019 with a well-diversified portfolio of brands including Skybags, VIP, Aristocrat, Carlton, Alfa and Caprese. The company also has a strong distribution network and a retail presence with nearly 11,000 touchpoints through general trade, modern trade and e-commerce.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Bags and Luggage industry in India with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Bags and Luggage industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.
The Bags and Luggage in India market research report includes:
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Why buy this report?
This industry report originates from Passport, our Bags and Luggage market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.