Luggage sector: India
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| − | [[File: The Luggage sector, India | + | [[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]] |
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Latest revision as of 20:30, 15 May 2023
This is a collection of articles archived for the excellence of their content. |
[edit] YEAR-WISE DEVELOPMENTS
[edit] 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 .
[edit] 2019-22
From: April 29, 2023: The Times of India
See graphic:
The Luggage sector: India: 2019-22
