View source for Luggage sector: India

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[[Category:India |L ]]
[[Category:Economy-Industry-Resources |L ]]

=YEAR-WISE DEVELOPMENTS=  
==Till 2019==
According to a report by ResearchAndMarkets, the luggage market in India was valued at $1.15 billion in 2019 and was projected to reach $1.86 billion by 2025, growing at a CAGR of 8.4% during the forecast period (2020-2025).

The market is divided into two segments: organized and unorganized. The organized segment includes branded and premium luggage products, while the unorganized segment consists of non-branded, low-priced luggage products. The organized sector is expected to grow at a higher rate compared to the unorganized sector, primarily due to the rising demand for premium and branded luggage products.

Furthermore, the market is dominated by three major players - VIP Industries, Samsonite South Asia Pvt. Ltd., and Safari Industries (India) Ltd. These companies account for a significant share of the market, with VIP Industries being the market leader.

However, the COVID-19 pandemic has affected the market's growth rate .

==2019-22==
[[File: The Luggage sector, India- 2019-22.jpg| The Luggage sector: India: 2019-22 <br/> From: [https://epaper.timesgroup.com/article-share?article=29_04_2023_021_023_cap_TOI   April 29, 2023: ''The Times of India'']|frame|500px]]


'''See graphic''':

'' The Luggage sector: India: 2019-22 ''

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