Product Code: ETC005049 | Publication Date: Sep 2020 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria Travel Bags market currently, in 2023, has witnessed an HHI of 8626, Which has decreased slightly as compared to the HHI of 9519 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Nigeria Travel Bags Market is expanding, driven by the growing middle class and increasing travel activities. Travel bags, including suitcases, backpacks, and duffel bags, are essential for both domestic and international travelers. The market is characterized by a rising demand for stylish, durable, and functional travel bags. Local and international brands are competing by offering a variety of designs and features to cater to diverse consumer preferences.
The Nigeria travel bags market is expanding due to rising disposable incomes, increasing travel and tourism activities, and a growing preference for branded and stylish travel accessories. The demand for durable, lightweight, and functional travel bags is increasing as more Nigerias travel for business, leisure, and education. Innovations in bag design, materials, and features, such as anti-theft mechanisms, smart bags with charging ports, and ergonomic designs, are attracting consumers. Furthermore, the influence of social media and changing fashion trends are driving the demand for trendy and aesthetically appealing travel bags.
The travel bags market in Nigeria faces issues such as competition from low-cost, low-quality imports, which saturate the market and undermine the profitability of local manufacturers. Additionally, the high cost of raw materials and production makes it difficult for local companies to compete on price. The market is also challenged by fluctuating demand, which is often tied to economic conditions and consumer spending power. There is limited brand recognition and customer loyalty, making it tough for local brands to establish a strong market presence.
Government policies impacting the travel bags market in Nigeria include trade regulations and tariffs on imported goods. The government has implemented measures to protect local manufacturers by imposing higher tariffs on imported travel bags, encouraging the growth of domestic production. Additionally, policies promoting tourism and travel within the country indirectly boost the demand for travel bags.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Travel Bags Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Travel Bags Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Travel Bags Market - Industry Life Cycle |
3.4 Nigeria Travel Bags Market - Porter's Five Forces |
3.5 Nigeria Travel Bags Market Revenues & Volume Share, By Material Types, 2021 & 2031F |
3.6 Nigeria Travel Bags Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.7 Nigeria Travel Bags Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Nigeria Travel Bags Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
4 Nigeria Travel Bags Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Travel Bags Market Trends |
6 Nigeria Travel Bags Market, By Types |
6.1 Nigeria Travel Bags Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Travel Bags Market Revenues & Volume, By Material Types, 2021-2031F |
6.1.3 Nigeria Travel Bags Market Revenues & Volume, By Hard-Side, 2021-2031F |
6.1.4 Nigeria Travel Bags Market Revenues & Volume, By Soft-Side, 2021-2031F |
6.2 Nigeria Travel Bags Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Travel Bags Market Revenues & Volume, By Briefcases, 2021-2031F |
6.2.3 Nigeria Travel Bags Market Revenues & Volume, By Messenger Bag, 2021-2031F |
6.2.4 Nigeria Travel Bags Market Revenues & Volume, By Backpacks, 2021-2031F |
6.2.5 Nigeria Travel Bags Market Revenues & Volume, By Laptop Bag, 2021-2031F |
6.3 Nigeria Travel Bags Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Travel Bags Market Revenues & Volume, By Supermarkets, 2021-2031F |
6.3.3 Nigeria Travel Bags Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3.4 Nigeria Travel Bags Market Revenues & Volume, By Factory Outlets, 2021-2031F |
6.3.5 Nigeria Travel Bags Market Revenues & Volume, By Online store, 2021-2031F |
6.3.6 Nigeria Travel Bags Market Revenues & Volume, By Others, 2021-2031F |
6.4 Nigeria Travel Bags Market, By Price Range |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Travel Bags Market Revenues & Volume, By Premium Range, 2021-2031F |
6.4.3 Nigeria Travel Bags Market Revenues & Volume, By Medium Range, 2021-2031F |
6.4.4 Nigeria Travel Bags Market Revenues & Volume, By Low Range, 2021-2031F |
7 Nigeria Travel Bags Market Import-Export Trade Statistics |
7.1 Nigeria Travel Bags Market Export to Major Countries |
7.2 Nigeria Travel Bags Market Imports from Major Countries |
8 Nigeria Travel Bags Market Key Performance Indicators |
9 Nigeria Travel Bags Market - Opportunity Assessment |
9.1 Nigeria Travel Bags Market Opportunity Assessment, By Material Types, 2021 & 2031F |
9.2 Nigeria Travel Bags Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.3 Nigeria Travel Bags Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Nigeria Travel Bags Market Opportunity Assessment, By Price Range, 2021 & 2031F |
10 Nigeria Travel Bags Market - Competitive Landscape |
10.1 Nigeria Travel Bags Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Travel Bags Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |