India Luggage and Bags Market Research Report Forecast (2024-2030)

1. India Luggage and Bags Market 2024-2030 sales@marknteladvisors.com Swipe +1 628 895 8081, +91 120 4278433 www.marknteladvisors.com

2. Market Insights The India Luggage and Bags Market size is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2024-30. The luggage and bags industry in India demonstrates robust growth prospects fueled by several factors. One of the key factors includes the growth in domestic and international tourism and government initiatives. Other countries that promote tourism have increased the travel of residents abroad and domestically. Along with this, the growing middle-class population and rising disposable income have increased the inclination of consumers towards high-quality luggage and bags for travel and daily use. Swipe

3. Market Driver Expansion of MICE Events to Catalyze the Market Expansion During the past few decades, India has experienced robust economic growth and corporate sector expansion due to conducive government support and a business-friendly environment. The growth of business establishments across the different parts of the country has substantially increased Meetings, Incentives, Conferences, and Exhibitions (MICE) activities in the country. Due to this, the frequency of travel across the country is surging, subsequently raising the demand for bags and luggage. Moreover, this is also influencing consumer preference towards premium, functional, and innovative luggage solutions. Swipe

4. Market Segmentation By Market Structure (Organized, Unorganized) By Product Type (Bags, (Cross Body Bags, Bags and Backpacks, Business Bags, Duffle Bags, Clutches, Others (Tote Bags, Wallet and Coin Pouches, Other Small Bags, etc.)), Luggage, (Soft Luggage, Hard Luggage, Wheeled Luggage, Non-Wheeled Luggage)) By Price Category (Luxury, Mass/Economy, Premium) By Regions (North, South, East, West, North East) Swipe

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