London, 16 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the travel and business bags market in Italy 2015-2019, which is expected to decline at a CAGR of -0.81% by revenue and -0.96% by volume during the forecast period of 2014-2019.
The availability of high-quality leather products in Italy is a major factor that promotes the sale of travel bags in this region. Italy is famous for its fine designs and styles in leather goods, including travel bags. Many local vendors are popular in this region for their exclusive leather travel bags collection. The popularity of bags made in Italy helps in promoting both large as well as small-sized Italian manufacturers and their products, thereby, influencing the market positively.
“Travel bags such as totes, shoulder bags, or purses launched under exclusive designer labels are attracting consumers in Italy. The number of fashion shows as well as trade exhibitions and fairs has increased in the country, giving a platform for launching new designer collections by vendors,” says Faisal Ghaus, Vice President of Technavio.
“Taking advantage of these opportunities, vendors often exhibit their designer collections during these shows. Emphasizing the fashion element, vendors are able to fetch premium prices for these travel bags from consumers.”
Key Market Drivers:
- Italy Popular for Leather.
- Increasing Demand for Men’s Travel Bags.
- Increasing Demand for Ultra-lightweight Materials for Bags.
Key Market Trends:
- New Product Launches.
- Advertisement and Marketing Campaigns.
- Growing E-commerce in Italy.
- Launch of Exclusive Designer Collections.
- Introduction of Smart Bags.
Key Market Vendors:
- Delsey
- Hermes
- LVMH
- Prada
- Rimowa
- RV Roncato
- Samsonite
- Valentino
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
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