- The key vendors in the travel and business bags market in Japan 2015-2019 are Ace, Rimowa, Samsonite, Shanghai Champion Trading, VIP Industries, Yoshida, and Zero Halliburton.
London, 14 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the travel and business bags market in Japan 2015-2019. The online retailing of travel and business bags is a major key observed in this market. Many enterprises are now setting up online retailing stores that sell fashionable travel and business bags, this in turn helps in establishing brand value and also aids in increasing the profit margins. Aggressive marketing tactics and competitive prices promote the sale of bags via e-commerce. This market is expected to grow at a CAGR of 1.48% by revenue and 1.22% by volume during the period of 2014-2019.
High disposable income of consumers in Japan coupled with the increased leisure travel is responsible for driving the prospects of growth in this market. Factors like rising purchasing power and the improving economy of Japan also augment growth in this market. The increase in the number of bags owned per person also acts as an important growth factor in this market.
“Luggage courier services are just an alternative method for checking bags while travelling. Luggage courier service providers use companies such as Yamato Transport, DHL, FedEx, and UPS for providing these services. The luggage courier service provider collects customers’ luggage from their houses and ships them directly to their desired destination,” says Faisal Ghaus, Vice President of Technavio Research.
“For the luggage courier service provider overweight luggage is never an issue, and customers never have to pay for extra luggage during their travels. Other advantages include guaranteed on-time delivery and less time spent in airport queues.”
To define the market conditions 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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