New Delhi, August 01, 2019: The report titled “Saudi Arabia Bags and Luggage Market Outlook to 2023 – By Type (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallet and Other Bags); By Handbag Price Segment (Luxury, Premium, Economy)” provides a comprehensive analysis on the Bags and Luggage Industry of Saudi Arabia. The report covers various aspects including market size, market segmentation Market Segmentation of Bags Market by Types of Bags (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallet and Other Bags), by Type of Handbag (Luxury, Premium and Economy), By Retail Format (Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs) and Local Retailers), By Sales Channel (Online Channel and Offline Channel), By Material (Leather (inc faux and Suede leather) and Non Leather), By Region (Central, West, South, East, and North). Market Segmentation of Luggage Market By Price Segment (High (SAR 500<), Medium (SAR 250- SAR 500), and Low (SAR 250>), By Case Type (Hard Case and Soft Case), By Region (Central, West, South, East and North), By Sales Channel (Offline and Online), By Retail Format (MBOs, EBOs and Local Retailers), Industry factors including trends and developments, challenges, trade scenario, Porter’s five force analysis, competitive landscape. The report concludes with future projection and analyst recommendations highlighting the major opportunities and cautions.
Market Overview and Size
The bags and luggage market in Saudi Arabia is in its late growth stage. This is evident from the fact that all major international players have shown their presence in the market and are competing aggressively to dominate. Bags are in very high demand as compared to luggage and the global leader LVMH dominates the Saudi bags market. There is no major domestic designer brand in luxury segment. Majority of the domestic bag companies are in the low price segment and lack total presence in hard case luggage market. EBOs and MBOs are biggest retail channel for sale of bags and luggage in Saudi Arabia.
Bags Market Segmentation
By Type of Bags: Handbags dominated the Saudi Arabian market generating more than a third of total revenue. Other bags have an extensive product reach which include backpacks, cross body bags, handbags, wallets, coin pouches and similar. Most of these bag types are used on a daily basis and are considered a necessity and hence have a small share as they are generally purchased under low and premium category.
Hand Bags by Price Range: Premium category is the leading category in this segment followed by luxury and economy category. Luxury brands include global majors such as LVMH, Prada, Coco Chanel, Gucci and similar. Premium category are in highest demand due to their value for money considering that women like to replace their bags at regular interval.
By Region: Central region is the biggest market for bags in Saudi Arabia. Riyadh the capital city of KSA is home to the largest potential population base is in the central region. Western part of the country is the second largest bag market and is followed by South, East and Northern region having minority share in the bags market.
By Sales Channel: The bags market in Saudi Arabia was dominated by offline channel which comprise of Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs) and Local Retailers. The online sales account for minority share and is still under development stage.
Luggage Market Segmentation
By Price Segment: Majority of the products sold are in medium price range. This is mainly due to the fact that all major brands selling to the mass have their presence in this price range. Standard size luggage is most popular and is in high demand. During 2018, high price segment and low price segment have an equal share in the luggage market of Saudi Arabia.
By Case Type: Sales of hard case luggage generated the majority of the revenue. Aluminum, Polycarbonate, Polypropylene, Leather and ABS are some commonly used material which make them sturdy and long lasting. These also offer the protection against external pressure and deformation of stored item. Soft case types are considered less durable as compared to hard case type and are in low demand. Samsonite and American Tourister are two of the major brands which operate in this segment.
Competitive Landscape
The Saudi Arabia Bags and Luggage market is moderately concentrated. LVMH Moet Hennessy Louis Vuitton is the market leader and has the highest market share in the Bags and Luggage market in Saudi Arabia during 2018. Nike, Kering, Prada, Samsonite, Capri Holding, Delsey and Burberry are some of the other major players in the market. They compete on the basis of Price, Quality, Utility and Retail Presence.
Saudi Arabia Bags and Luggage Market Future Outlook
It is anticipated that Saudi Arabia Luggage and Bags market will register a positive CAGR during the period 2018–2023E. Shift in cultural orientation towards West in accessorizing, recovering economic scenario, easy availability of international brands in domestic market, rising area of retail space in mall is are expected to remain the major drivers for demand of bags and luggage in Saudi Arabia.
Key Segments Covered
Market Segmentation of Bags Market
Types of Bags
Backpacks
Business Bags
Cross body Bags
Duffel Bags
Handbags
Wallet
Other Bags
Type of Handbag
Luxury
Premium
Economy
By Distribution Channel
Multi Brand Outlets (MBOs)
Exclusive Brand Outlets (EBOs)
Local Retailers
Online Sales
By Material
Leather (inc faux and Suede leather)
Non Leather
By Region
Central
West
South
East
North
Market Segmentation of Luggage Market
By Price Segment
High (SAR 500<)
Medium (SAR 250- SAR 500)
Low (SAR 250>)
By Case Type
Hard Case
Soft Case
By Region
Central
West
South
East
North
By Sales Channel
Online
MBOs
EBOs
Local Retailers
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023E
Companies Covered:
Louis Vuitton (LVMH)
Avon Products Inc.
VF Corporation
Samsonite international SA
Adidas AG
Nike Incorporated
Herschel Supply Co.
Hermes’s
Marithé et François Girbaud
Key Topics Covered in the Report
Value Chain Analysis
Market Size,2013-2018
Market Segmentation
Trends and Developments
Issues and Challenges
Trade Scenario
Porter’s Five Forces Analysis
Competitive Scenario
Company Profile of Major Players
Future Market Size. 2018-2023
Future Market Segmentation, 2023E
Analyst Recommendation
Wallet Industry Saudi Arabia
Backpack Market Saudi Arabia
Business Bag Sales Saudi Arabia
Luggage Turnover KSA
Hard Case Luggage Sales KSA
Imported Bag Sales Saudi Arabia
Luxury Handbag Market KSA
Saudi Arabia Bags and Luggage Market
Saudi Arabia Bags and Luggage Industry
Bags and Luggage Businesses Saudi Arabia
Saudi Arabia Bags and Luggage Market Revenue
Major Companies Bags Saudi Arabia
Major Companies Luggage Saudi Arabia
Saudi Arabia Bags Sales
Saudi Arabia Luggage Revenue
Handbag Market KSA
Bags Luggage Distribution Channels Saudi Arabia
Bags Sales in Riyadh
Luggage Market in Saudi Arabia
Bags Market Trends KSA
Luggage and Bags Future Saudi Arabia
Luggage and Bags Recent Developments
Samsonite Saudi Arabia Market
Avon Saudi Arabia Market
Louis Vuitton Saudi Arabia Market
Adidas Saudi Arabia Market
Nike Saudi Arabia Inc. Market
Capri Holding Company Bags
Luggage and Bags Target Consumers Saudi Arabia
Bags demand Saudi Arabia
Luggage retailers Saudi Arabia
Online Bags sales Saudi Arabia
Bags importers Saudi Arabia
For more information on the research report, refer to below link:
Saudi Arabia Bags and Luggage Market
Corporate Comm India(CCI Newswire)
