Luggage and Leather Goods Industry Revenue Is Forecast to Reach $91.2 Billion

Mumbai, India (PressExposure) May 17, 2013 -- Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the luggage and leather goods market and presents its findings in "Global Luggage and Leather Goods Industry 2013-2018: Trend, Profit, and Forecast Analysis." [http://www.bharatbook.com/consumer-goods-market-research-reports/global-luggage-and-leather-goods-industry-2013-2018-trend-profit-and-forecast-analysis.html]

In recent years, the demand for luggage and leather goods industry has grown. Industry revenue is forecast to reach $91.2 billion by 2018, with a CAGR of 3.4%, over the next five years. The competitive rivalry seems to be high due to the large number of players competing with each other to gain market share. Consumer demand has been shifting toward the new design and innovative leather products with changing fashion trend and lifestyle.

This study provides an overview of the global luggage and leather goods industry, tracking two market segments of that industry in four geographic regions. The report studies manufacturers of luggage and leather accessories product such as briefcases, suitcases, business cases, travel bags, leather jackets, handbags, wallets, purses, and belts. The study provides a five-year annual trend analysis that highlights market size, profit and cost structure for North America, Europe, APAC, and ROW.

The report studies the prevailing challenges facing the industry. The rising input cost of raw materials such as leather and plastic have severely impaired profit margins, which in turn have reduced the industry's gross profit margin. High research and development activities in developing countries geared toward market expansion, as well as growth and capital expenditures for business expansion increased the overall debt present in the industry. Lucintel gives an overview of the key drivers of the industry. Upgraded designs, global economic growth, and the purchasing power of consumers are important key drivers for the industry. Emerging economies and availability of required resources enhanced the manufacturing facilities of the existing players.

This study is intended to provide industry leaders with a competitive benchmarking of the world's top five global retail drug companies. The study provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders.

This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market's potential. This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global luggage and leather goods industry analysis. In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.

Features and Scope of this Report:
To make any investment or strategic decision, you need adequate and timely information. This market report fulfills this core need. Some of the features of this market report are:

Industry size estimates in terms of (US $) value by regions and by segments
Global luggage and leather goods industry analysis annual trend
(2007-2012) and forecast (2013-2018)
Porter's Five Force analysis
New product launch and merger and acquisition activity in global luggage and leather goods industry analysis Quarterly demand trend (Q1 2011-Q4 2012) and forecast analysis (Q1 2013-Q4 2014) for global luggage and leather goods industry analysis
Gross and net profit trends in the global luggage and leather goods industry analysis
Cost structure trend in the global as well as regional luggage and leather goods analysis

Benefits of Reports:
Lucintel's core competency is in market research and management consulting. In the last 14 years, Lucintel has worked on hundreds of market research studies. Lucintel's market report offers following benefits.

It saves your money, as compared to doing research in-house. ($80,000+)
It saves your time. Lucintel delivers the report in hours vs. months of in-house data collection and report writing.
It is an unbiased source of industry facts, intelligence, and insights.
It helps you make confident business decisions quickly.

Who Can Benefit From This Report?
This study is intended for senior level executives, sales, marketing and business development professionals at various nodes of value chain of this market. This multi-client market study from Lucintel is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons as follows.

Business development
Strategic planning
Business presentation
Determination of market size and trend
Competitive analysis
Resource and inventory management
Budgeting
Investment decisions

Research Methodology:
Lucintel has closely tracked and conducted research on hundreds of markets since 1998. This study is a result of years of ongoing research and continuous monitoring of industry dynamics and trends at various nodes of the value chain from both the supply side and the demand side. Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis on it.

Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

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Press Release Submitted On: May 22, 2013 at 12:13 am
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