Bags and Luggage in India

PROSPECTS

Shift to branded products following Goods and Services Tax benefits bags and luggage

Bags and luggage is projected to witness a paradigm shift, with an increasing number of consumers demanding branded bags and luggage due to the implementation of the GST. While bags and luggage is influenced by a large number of regional companies selling unbranded products, the GST is expected to make bags and luggage more organised.

Boost in travel and tourism to increase demand for bags and luggage

The demand for bags and luggage is highly correlated to the growth of travel and tourism in the country. Bags and luggage form a vital part of travelling, and hence, boost in travel will aid the growth in sales of bags and luggage in the country.

Bags continue to dominate due to strong demand for handbags

Bags dominated overall bags and luggage during the review period, supported by the strong performance from backpacks and handbags, where value sales of bags doubled. The demand for backpacks was primarily driven by the increasing number of schoolchildren in addition to rising aspiration levels among the youth for branded backpacks.

COMPETITIVE LANDSCAPE

VIP Industries Ltd retains leadership of bags and luggage due to its extensive product offerings

VIP Industries continued to lead bags and luggage in 2017. With a variety of brands such as Skybags, Vip, Arisocrat, Alpha, Carlton and Caprese, the company has a presence across all product categories, including bags, handbags and luggage.

Samsonite South Asia remains leader of bags due to strong performance of its American Tourister brand

Samsonite South Asia Pvt Ltd continued to lead bags in 2017, supported by the strong growth of its American Tourister brand. This was due to the brand’s increasing product extension, which is now present across duffel bags, business bags and luggage bags in addition to backpacks.

Da Milano India retains leadership of handbags despite strong competition from Titan

Da Milano India continued to lead handbags with low value share in 2017. The company has a versatile range of quality leather products crafted for both men and women.

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