Product Code: ETC011690 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vietnam Luggage market currently, in 2023, has witnessed an HHI of 8053, Which has decreased moderately as compared to the HHI of 8134 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 Vietnam Luggage market reflects the dynamic nature of the travel and fashion industries. With a growing middle-class population and increased travel activities, the demand for luggage products has risen substantially. The market encompasses a wide range of products, including suitcases, backpacks, travel bags, and accessories. Key factors driving market growth include rising disposable incomes, changing consumer lifestyles, and a burgeoning tourism industry. Additionally, the market is influenced by fashion trends, with consumers seeking both functionality and stylish designs in their luggage choices.
The luggage market in Vietnam is witnessing growth driven by a combination of factors. The rise in disposable income has led to increased travel and tourism, spurring demand for luggage and travel accessories. Furthermore, e-commerce platforms have made it easier for consumers to access a variety of luggage options, promoting sales. The growing trend of fashion-conscious travelers seeking stylish and durable luggage contributes to the market`s expansion.
The Vietnam Luggage Market encounters several challenges in the given timeframe. One notable challenge is the economic impact of events like the COVID-19 pandemic, which has disrupted travel and tourism. The decline in travel and tourism activities directly affects the demand for luggage products. Furthermore, the market faces stiff competition from low-cost and counterfeit products, impacting the sales of genuine luggage brands. The environmental concerns associated with the production and disposal of luggage, such as single-use plastics, also pose sustainability challenges that the market needs to address.
The Vietnam Luggage Market encountered disruptions due to the COVID-19 pandemic, particularly with travel restrictions impacting tourism and business-related travel. The decline in travel activities resulted in a temporary decrease in the demand for luggage and travel accessories. However, as restrictions ease and travel resumes, the market is poised for recovery. Consumer preferences are expected to shift towards durable and innovative luggage solutions, including smart luggage with advanced features. The market`s rebound will be influenced by the revival of tourism and business travel, coupled with an increased focus on functionality and style in luggage designs.
The Vietnam luggage market was characterized by the presence of renowned brands like Samsonite, Rimowa, American Tourister, and Delsey. These companies offered a wide variety of luggage options, from durable travel bags to stylish luggage collections.
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 Vietnam Luggage Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Luggage Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Luggage Market - Industry Life Cycle |
3.4 Vietnam Luggage Market - Porter's Five Forces |
3.5 Vietnam Luggage Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Luggage Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Luggage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Luggage Market Trends |
6 Vietnam Luggage Market, By Types |
6.1 Vietnam Luggage Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Luggage Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Luggage Market Revenues & Volume, By Travel Luggage, 2021-2031F |
6.1.4 Vietnam Luggage Market Revenues & Volume, By Casual Luggage, 2021-2031F |
6.1.5 Vietnam Luggage Market Revenues & Volume, By Business Luggage, 2021-2031F |
6.1.6 Vietnam Luggage Market Revenues & Volume, By Sports Luggage, 2021-2031F |
6.1.7 Vietnam Luggage Market Revenues & Volume, By Other Product Types, 2021-2031F |
6.2 Vietnam Luggage Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Luggage Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Vietnam Luggage Market Revenues & Volume, By Offline, 2021-2031F |
7 Vietnam Luggage Market Import-Export Trade Statistics |
7.1 Vietnam Luggage Market Export to Major Countries |
7.2 Vietnam Luggage Market Imports from Major Countries |
8 Vietnam Luggage Market Key Performance Indicators |
9 Vietnam Luggage Market - Opportunity Assessment |
9.1 Vietnam Luggage Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Luggage Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Luggage Market - Competitive Landscape |
10.1 Vietnam Luggage Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Luggage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |