The report titled “Philippines Luggage and Bags Market Outlook to 2023 -
By Bags (Handbags, Backpacks, Cross body Bags, Duffel Bags, Wallet Coin
Pouches, Business Bags, Other Small Bags), By Luggage (Hard and Soft Case), By
Distribution Channel” provides a comprehensive analysis of the Bags and
Luggage Industry of Philippines. The report covers various aspects including
market size, market segmentation, trends and developments, challenges, trade
scenario, Porter’s five force analysis, competitive landscape. The report
concludes with market projection and analyst recommendations highlighting the
major opportunities and cautions.
Market Overview and Size
Philippines bags and Luggage Market is at the growing stage.
All major international players have 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 dominated the market. There is no major
domestic designer brand in the luxury segment.
The market has grown in terms of
revenue due to the growth of domestic and outbound tourism, increase in the
young and working population and increasing presence of bags and luggage
retailers in the Philippines.
By Type of Pack (Bags and
Luggage): Bags
dominated the market in the Philippines majorly due to an extensive product
reach which includes backpacks, cross body bags, handbags, wallets and coin
pouches and most of these bag types are used on a daily
basis and are considered a necessity and hence have a
dominant share in the overall market.
By Demand in Region: Luzon is the
largest and the most populous island in the Philippines and has the highest
demand for bags and luggage in the country. Davos and Visayas regions
also majorly contribute to the demand for bags and luggage in The Philippines.
By Market
Structure: The
bags and luggage market in the Philippines in 2018 was dominated by
Unorganized Sector that accounted for more than half of total revenue in the
bags and luggage market.
By Type of Bags and Luggage (Handbags,
Cross body bags, Duffel bags, Luggage, Business Bags, Wallets and Other Coin
Pouches): Handbags
is the most demanded product followed by Backpacks. The Basic type of Handbag
is affordable and appeals to the masses and has a relatively higher demand in
the Philippines Market. The population between the Age group 10 years to 34
years Increased from 44 Million to 47 Million during the
period 2013-2018, thereby driving the demand for backpacks in the
industry.
By Distribution Channel
(Department Stores, Bags and Luggage Specialist Retailers, Apparel, Footwear
Specialist Retailers, stationers/office supply stores, Direct Selling,
Hypermarkets, Internet Retail and others): Department Stores have dominated the
bags and luggage sale in the Philippines followed by Bags and Luggage Specialist
Retailers in 2018 in terms of revenue. Internet Retail is on the rise in the
Philippines and the sales through online retail centers is
expected to increase in the future.
Competitive Landscape
The Philippines Bags and Luggage
market is highly fragmented. LVMH Moët Hennessy
Louis Vuitton is the market leader and has the highest market share
in the Bags and Luggage market in the Philippines on the basis of revenue in
2018. The other major players in the market are AVON Philippines
Inc., VF Corp., Samsonite International, Adidas, and others. The
major parameters on which the companies compete in the market are
price, quality, utility and retail presence.
Philippines Bags and
Luggage Market Future Outlook
In future, it is
anticipated that Philippines Luggage and Bags market in terms of revenue
will increase at a positive CAGR during the period 2018–2023E. In the
Philippines, it is expected that the demand for both bags and luggage
will be further augmented largely due to increasing domestic tourism and
innovation in luggage and bags.
Key Segments Covered:-
By Demand in Region,
2018
Luzon
Visayas
Davao
By Application/Use,
2018
Leisure
Business
By Market Structure,
2018
Unorganized
Organized
By Bags, 2013-2018
Backpacks
Business Bags
Crossbody Bags
Duffel Bags
Handbags (basic, mid, luxury)
Wallet and coin pouches
Other small bags
By Luggage Type
Hard Case
Soft Case
By Luggage Category
Wheel
Non-Wheel
By Distribution
Channel, 2013-2018
Hypermarkets
Apparel and footwear specialist’s retailers
Bags and luggage specialist’s retailer
Stationers/office supply stores
Other leisure and personal goods specialist
retailers
Department stores
Variety stores
Warehouse clubs
Other non-grocery specialist
Direct Selling
Internet Retailing
Key Target Audience
Luggage Manufacturers
Bags Manufacturer
Distributors
Time Period Captured
in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023
Companies Covered:-
Louis
Vuitton (LVMH)
Avon
Products Inc.
VF
Corporation
Samsonite
international SA
Adidas
AG
Nike Incorporated
Herschel
Supply Co.
Herme’s
Marithé et François Girbaud
Key Topics Covered in the Report:-
Value Chain Analysis
Market Size, 2013-2018
Market Segmentation
Trends and Developments
Challenges
Trade Scenario
Porter’s Five Forces Analysis
Competitive Scenario
Company Profile of Major Players
Future Market
Size 2018-2023E
Future Market
Segmentation 2023E
Analyst
Recommendation
For More Information, Refer
To Below Link:-
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