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General Situation Of Luggage Industry
- Nov 22, 2018 -

From 2011 China's luggage industry output value reached 90 billion yuan, China's luggage industry to maintain a high-speed growth trend, output value of the annual compound growth rate of up to 27.1%. There is a huge demand space in the international luggage market, which directly promotes the export growth of Chinese luggage products, which makes the luggage export achieve stable growth in a good situation. Chinese luggage enterprises should continue to improve their own R & amp; d capabilities and technical equipment level, enhance the marketing capacity of enterprises, expand export channels, further accelerate the pace of the world, and gradually realize the transformation from product output to capital export, brand output, to create a group of well-known brands at home and abroad, enhance the international competitiveness of products. China's luggage market has always been the main export, the proportion of domestic market demand is relatively small, but in the face of a new economic environment, this situation is likely to be adjusted in the future. People demand that luggage products not only strengthen in practicality, decorative should also be expanded. China's economic level and per capita income are getting higher, and its closely related consumption capacity will be growing. China's jewelry consumption is increasing at a rate of 33% a year, the total market is increasing rapidly, bags are becoming the most promising industries after the garment and footwear industry.

Domestic luggage market demand growth rate will be accelerated, the market prospects are broad. 2011 1 to December, China's regulations on leather enterprises to complete the total industrial output value of 857.9 billion yuan, an increase of 25.06% year, growth rate than a year earlier fell 1.79%, the total profit of 49 billion yuan, an increase of 31.73% year-on-year.  "Twelve-Five " is China's adjustment of industrial structure, change the mode of economic development of the critical period, as a labor-intensive industry, the leather industry after rapid development is also facing difficult choices, the pursuit of quantitative expansion, low price competition development model has begun to shackle the development of industry, in the country to vigorously adjust the industrial structure, Under the background of changing the mode of development, the transformation and upgrading of the leather industry is inevitable. Leather products represented by footwear, leather clothes, leather goods, fur clothing, etc., as the backbone of the development of China's leather industry,  "Twelve-Five " period, its development will present the following characteristics: From the industrial layout, will appear from the eastern coastal areas to the central, Western and northern progressive gradient transfer posture; From the enterprise scale, Enterprises above the scale will be further increased; from the point of view of product structure, will further increase the brand, design, fashion and cultural added value of leather products, pay attention to the development and application of new materials, and gradually increase the proportion of high-end products; From the market trend, with the rise of domestic cost factors, the export product structure will be greatly adjusted,

Total exports account for about 70% of the situation will gradually decline, but will still be dominated by export markets. The travel bag market is an important part of the baggage market, accounting for about 40% of the global baggage market, and the global baggage market includes travel bag segments, business pack segments, and leisure pack segments. 

1) The Travel Bag subdivision market includes travelling baggage, such as suitcases and trolley boxes, and further classifies the materials made into products, three of which are mainly classified as hard, soft and mixed. 

2) Business bags are mainly for commercial use. Business bags are characterized by the convenience of carrying laptops and documents, and business packages are usually in the form of towed Mobile office luggage, hand briefcases or computer bags. 

3) Leisure bags are mainly used for daily life, including different styles of backpacks, women's and men's shoulder bags and can be dragged bags.

Its color, size, style and materials are different. According to statistics: in 2010, the global baggage market total retail sales of $24.7 billion, from 2006 to 2010, the market grew at a compound annual growth rate of 3%, the market is expected to reach about $31.6 billion by retail sales by 2015.

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