London, 14 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the travel and business bags market in Russia 2015-2019, which is estimated to grow at a CAGR of 4.27% during 2014-2019.
In recent years, online retailing has become the most lucrative and preferred medium for the sale and purchase of luggage products. Luggage manufacturers sell products through their own websites or other large online retailers such as Amazon, eBay, and Flipkart.
“Vendors are now launching better equipped, lightweight, and smart luggage and bags to provide greater convenience to consumers by reducing weight and providing more space,” says Faisal Ghaus, Vice President of Technavio.
“The governments of countries worldwide are investing heavily in the development and promotion of tourism to generate revenues.”
Key Market Drivers
- Rising Middle-class Expenses
- Outbound Travel
- Rising Number of Trade Offers by Vendors
- Economy
- Advertisements and Marketing Campaigns
Key Market Trends
- Smart Luggage
- E-commerce
- Conscious Traveling
- Luggage Delivery Services
- Growing Popularity of Outdoor and Adventure Sports
- Launch of New Products and Increased R&D
Key Market Vendors
- Antler
- BRICs
- Delsey
- Rimowa
- Samsonite
- Tumi
- VF Corp.
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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
