NEW YORK, Aug. 31, 2023 /PRNewswire/ -- The aluminum suitcases market is estimated to grow at a CAGR of 6.74% between 2022 and 2027. The market size is forecast to increase by USD 252.5 million, according to Technavio. The growing global travel and tourism industry is a key factor driving market growth. This tourism industry helps to promote business, commerce, employment, and infrastructure development and stimulates the social development of different communities. China, South Korea, the US, Brazil, Spain, the Netherlands, Germany, and the UK are among the important countries with a huge amount of foreign tourism. In addition, several suppliers in the luggage industry are offering a variety of new products to meet the diverse needs of customers, including business travel, leisure travel, or sports. Hence, these factors are expected to drive market growth during the forecast period - Download a Sample Report
Aluminum Suitcases Market Insights -
- Companies: 15+, Including ACE Co. Ltd., ALEON, Arlo Skye Inc., Baulificio Italiano Sorelle Roncato S.r.l., FABBRICA PELLETTERIE MILANO SPA, Faisst GmbH, Fujian Shun xin Import and Export Trading Co. Ltd., Gabbiano Luggage, Hideo Wakamatsu, LEVEL8 Group Corp., LVMH Moet Hennessy Louis Vuitton SE, Monos Travel Ltd., MVST Select, Paxshell Pvt. Ltd., Samsara Luggage, Samsonite International SA, Sterling Pacific, Travelpro Products Inc., Victorinox AG, and VICTORLITE, among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies
- Segments: type (large and small), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa)
To understand more about the aluminum suitcases market, request a sample report
Aluminum Suitcases Market - Company Insights
The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies including - ACE Co. Ltd., ALEON, Arlo Skye Inc., Baulificio Italiano Sorelle Roncato S.r.l., FABBRICA PELLETTERIE MILANO SPA, Faisst GmbH, Fujian Shun xin Import and Export Trading Co. Ltd., Gabbiano Luggage, Hideo Wakamatsu, LEVEL8 Group Corp., LVMH Moet Hennessy Louis Vuitton SE, Monos Travel Ltd., MVST Select, Paxshell Pvt. Ltd., Samsara Luggage, Samsonite International SA, Sterling Pacific, Travelpro Products Inc., Victorinox AG, and VICTORLITE
Aluminum Suitcases Market – Market Dynamics
- Significant Challenge - The threat of intense competition from local brands is a significant challenge restricting market growth. The presence of a few local enterprises in the market leads to problems such as a lack of standardization in prices, unequal competition, and market share erosion. To gain a competitive edge in the market and increase market share, suppliers try to price their products competitively with those of local brands, despite their diminished profit margins. Furthermore, lower-middle-class consumers are increasingly favoring these counterfeit products because they look almost identical to the original product and are also cheaper. Hence, these factors are expected to restrict market growth during the forecast period.
- Key Driver - The growing global travel and tourism industry is a key factor driving market growth.
- Major Trend - The growing incorporation of smart features and connectivity in suitcases is a major trend in the market.
The aluminum suitcases market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.
What are the key data covered in this Aluminum Suitcases Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the aluminum suitcases market between 2023 and 2027
- Precise estimation of the size of the aluminum suitcases market and its contribution to the market with a focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the aluminum suitcases market across APAC, North America, Europe, South America, and the Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of aluminum suitcase market companies
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Aluminum Suitcases Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.74% |
Market growth 2023-2027 |
USD 252.5 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.26 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ACE Co. Ltd., ALEON, Arlo Skye Inc., Baulificio Italiano Sorelle Roncato S.r.l., FABBRICA PELLETTERIE MILANO SPA, Faisst GmbH, Fujian Shun xin Import and Export Trading Co. Ltd., Gabbiano Luggage, Hideo Wakamatsu, LEVEL8 Group Corp., LVMH Moet Hennessy Louis Vuitton SE, Monos Travel Ltd., MVST Select, Paxshell Pvt. Ltd., Samsara Luggage, Samsonite International SA, Sterling Pacific, Travelpro Products Inc., Victorinox AG, and VICTORLITE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End User
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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