Philippines Travel Bags Market (2024-2030) | Size, Industry, Forecast, Analysis, Revenue, Growth, Companies, Value, Trends, Outlook & Share

Market Forecast By Material Types (Hard-Side, Soft-Side), By Product Types (Briefcases, Messenger Bag, Backpacks, Laptop Bag), By Distribution Channel (Supermarkets, Specialty Stores, Factory Outlets, Online store, Others), By Price Range (Premium Range, Medium Range, Low Range) And Competitive Landscape
Product Code: ETC005029 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Philippines Travel Bags Market Competition 2023

Philippines Travel Bags market currently, in 2023, has witnessed an HHI of 8108, Which has increased slightly as compared to the HHI of 7857 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.

Philippines Export Potential Assessment For Travel Bags Market (Values in USD Thousand)


Philippines Travel Bags Market Synopsis

The Philippines travel bags market is expected to grow at a CAGR of 4.9% during the forecast period 2019-2025. The growth can be attributed to the country`s growing tourism industry and increasing disposable income of consumers, which is driving demand for fashionable and convenient travel bags in the country. Moreover, leading players are launching innovative products with features such as multi-functionality, waterproofing, extended durability etc., in order to cater consumers` needs and attract more buyers towards their products

Key Growth Drivers of the Market

The Philippines has a growing market for travel bags, driven by various factors such as increasing tourism, urbanization, and rising disposable incomes. Travel bags are essential accessories for Filipinos who frequently travel for business, leisure, or family trips. Additionally, an increasing focus on leisure activities due to rise in disposable incomes among people has created high demand for backpack & trolley luggage particularly among younger generation group aged between 18 - 35 years old who frequently go out for outings or short trips outside cities or even abroad countries resulting into higher sales volumes within this category over recent years timeframe .

Key Trends of the Market

The emergence of eco-friendly materials for manufacturing travel bags such as jute and canvas is emerging as a major trend in the Philippine market. Additionally, expansion of online retail outlets by companies has increased consumer accessibility to branded products from international markets. This has resulted into an increase in product range available on ecommerce websites thereby providing customers with better options while purchasing these items. Further, the use of digital marketing channels like social media campaigns, influencer programs etc., have been adopted by companies operating in this sector for creating brand awareness amongst target audience segment thus driving sales across domestic markets.

Key Challenges Faced by the Market

High cost associated with premium quality material based travel bags affects customer buying behavior adversely limiting its potential reachability upsurge within lower economic class strata population located geographically across diverse regions worldwide . ??? Lack adequate infrastructure support often leads delays shipment orders thereby causing negative impact upon overall reliability provided through respective service providers present within current marketplace set up environment

Key Players of the Market

Som e of the key players of the industry include Samsonite International SA; VIP Industries Ltd.; Briggs & Riley Travelware LLC; TUMI Inc.; Delsey SAS; Victorinox AG; American Tourister India Pvt Ltd.; VF Corporation; Antler Group Limited ; THE HERSCHEL SUPPLY.

Key Highlights of the Report:

  • Philippines Travel Bags Market Outlook
  • Market Size of Philippines Travel Bags Market, 2023
  • Forecast of Philippines Travel Bags Market, 2030
  • Historical Data and Forecast of Philippines Travel Bags Revenues & Volume for the Period 2020-2030
  • Philippines Travel Bags Market Trend Evolution
  • Philippines Travel Bags Market Drivers and Challenges
  • Philippines Travel Bags Price Trends
  • Philippines Travel Bags Porter's Five Forces
  • Philippines Travel Bags Industry Life Cycle
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Material Types for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Hard-Side for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Soft-Side for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Product Types for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Briefcases for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Messenger Bag for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Backpacks for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Laptop Bag for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Supermarkets for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Specialty Stores for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Factory Outlets for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Online store for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Price Range for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Premium Range for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Medium Range for the Period 2020-2030
  • Historical Data and Forecast of Philippines Travel Bags Market Revenues & Volume By Low Range for the Period 2020-2030
  • Philippines Travel Bags Import Export Trade Statistics
  • Market Opportunity Assessment By Material Types
  • Market Opportunity Assessment By Product Types
  • Market Opportunity Assessment By Distribution Channel
  • Market Opportunity Assessment By Price Range
  • Philippines Travel Bags Top Companies Market Share
  • Philippines Travel Bags Competitive Benchmarking By Technical and Operational Parameters
  • Philippines Travel Bags Company Profiles
  • Philippines Travel Bags Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Philippines Travel Bags Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Travel Bags Market Revenues & Volume, 2020 & 2030F

3.3 Philippines Travel Bags Market - Industry Life Cycle

3.4 Philippines Travel Bags Market - Porter's Five Forces

3.5 Philippines Travel Bags Market Revenues & Volume Share, By Material Types, 2020 & 2030F

3.6 Philippines Travel Bags Market Revenues & Volume Share, By Product Types, 2020 & 2030F

3.7 Philippines Travel Bags Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F

3.8 Philippines Travel Bags Market Revenues & Volume Share, By Price Range, 2020 & 2030F

4 Philippines Travel Bags Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Philippines Travel Bags Market Trends

6 Philippines Travel Bags Market, By Types

6.1 Philippines Travel Bags Market, By Material Types

6.1.1 Overview and Analysis

6.1.2 Philippines Travel Bags Market Revenues & Volume, By Material Types, 2020-2030F

6.1.3 Philippines Travel Bags Market Revenues & Volume, By Hard-Side, 2020-2030F

6.1.4 Philippines Travel Bags Market Revenues & Volume, By Soft-Side, 2020-2030F

6.2 Philippines Travel Bags Market, By Product Types

6.2.1 Overview and Analysis

6.2.2 Philippines Travel Bags Market Revenues & Volume, By Briefcases, 2020-2030F

6.2.3 Philippines Travel Bags Market Revenues & Volume, By Messenger Bag, 2020-2030F

6.2.4 Philippines Travel Bags Market Revenues & Volume, By Backpacks, 2020-2030F

6.2.5 Philippines Travel Bags Market Revenues & Volume, By Laptop Bag, 2020-2030F

6.3 Philippines Travel Bags Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Philippines Travel Bags Market Revenues & Volume, By Supermarkets, 2020-2030F

6.3.3 Philippines Travel Bags Market Revenues & Volume, By Specialty Stores, 2020-2030F

6.3.4 Philippines Travel Bags Market Revenues & Volume, By Factory Outlets, 2020-2030F

6.3.5 Philippines Travel Bags Market Revenues & Volume, By Online store, 2020-2030F

6.3.6 Philippines Travel Bags Market Revenues & Volume, By Others, 2020-2030F

6.4 Philippines Travel Bags Market, By Price Range

6.4.1 Overview and Analysis

6.4.2 Philippines Travel Bags Market Revenues & Volume, By Premium Range, 2020-2030F

6.4.3 Philippines Travel Bags Market Revenues & Volume, By Medium Range, 2020-2030F

6.4.4 Philippines Travel Bags Market Revenues & Volume, By Low Range, 2020-2030F

7 Philippines Travel Bags Market Import-Export Trade Statistics

7.1 Philippines Travel Bags Market Export to Major Countries

7.2 Philippines Travel Bags Market Imports from Major Countries

8 Philippines Travel Bags Market Key Performance Indicators

9 Philippines Travel Bags Market - Opportunity Assessment

9.1 Philippines Travel Bags Market Opportunity Assessment, By Material Types, 2020 & 2030F

9.2 Philippines Travel Bags Market Opportunity Assessment, By Product Types, 2020 & 2030F

9.3 Philippines Travel Bags Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F

9.4 Philippines Travel Bags Market Opportunity Assessment, By Price Range, 2020 & 2030F

10 Philippines Travel Bags Market - Competitive Landscape

10.1 Philippines Travel Bags Market Revenue Share, By Companies, 2023

10.2 Philippines Travel Bags Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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