Saudi Arabia Bags and Luggage Market Outlook to 2023: Ken Research

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The report titled Saudi Arabia Bags and Luggage Market Outlook to 2023 – By Type (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallet and Other Bags); By Handbag Price Segment (Luxury, Premium, Economy)provides a comprehensive analysis on the Bags and Luggage Industry of Saudi Arabia. The report covers various aspects including market size, market segmentation Market Segmentation of Bags Market by Types of Bags (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallet and Other Bags), by Type of Handbag (Luxury, Premium and Economy), By Retail Format (Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs) and Local Retailers), By Sales Channel (Online Channel and Offline Channel), By Material (Leather (inc faux and Suede leather) and Non Leather), By Region (Central, West, South, East, and North). Market Segmentation of Luggage Market By Price Segment (High (SAR 500<), Medium (SAR 250- SAR 500), and Low (SAR 250>), By Case Type (Hard Case and Soft Case), By Region (Central, West, South, East and North), By Sales Channel (Offline and Online), By Retail Format (MBOs, EBOs and Local Retailers), Industry factors including trends and developments, challenges, trade scenario, Porter’s five force analysis, competitive landscape. The report concludes with future projection and analyst recommendations highlighting the major opportunities and cautions.

Saudi Arabia Bags and Luggage Market_Infographic

Market Overview and Size

The bags and luggage market in Saudi Arabia is in its late growth stage. This is evident from the fact that all major international players have shown 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 dominates the Saudi bags market. There is no major domestic designer brand in luxury segment. Majority of the domestic bag companies are in the low price segment and lack total presence in hard case luggage market. EBOs and MBOs are biggest retail channel for sale of bags and luggage in Saudi Arabia.

Bags Market Segmentation

By Type of Bags: Handbags dominated the Saudi Arabian market generating more than a third of total revenue. Other bags have an extensive product reach which include backpacks, cross body bags, handbags, wallets, coin pouches and similar. Most of these bag types are used on a daily basis and are considered a necessity and hence have a small share as they are generally purchased under low and premium category.

Hand Bags by Price Range: Premium category is the leading category in this segment followed by luxury and economy category. Luxury brands include global majors such as LVMH, Prada, Coco Chanel, Gucci and similar. Premium category

are in highest demand due to their value for money considering that women like to replace their bags at regular interval.

By Region: Central region is the biggest market for bags in Saudi Arabia. Riyadh the capital city of KSA is home to the largest potential population base is in the central region. Western part of the country is the second largest bag market and is followed by South, East and Northern region having minority share in the bags market.

By Sales Channel: The bags market in Saudi Arabia was dominated by offline channel which comprise of Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs) and Local Retailers. The online sales account for minority share and is still under development stage.

Luggage Market Segmentation

By Price Segment: Majority of the products sold are in medium price range. This is mainly due to the fact that all major brands selling to the mass have their presence in this price range. Standard size luggage is most popular and is in high demand.  During 2018, high price segment and low price segment have an equal share in the luggage market of Saudi Arabia.

By Case Type: Sales of hard case luggage generated the majority of the revenue. Aluminum, Polycarbonate, Polypropylene, Leather and ABS are some commonly used material which make them sturdy and long lasting. These also offer the protection against external pressure and deformation of stored item. Soft case types are considered less durable as compared to hard case type and are in low demand. Samsonite and American Tourister are two of the major brands which operate in this segment.

Competitive Landscape

The Saudi Arabia Bags and Luggage market is moderately concentrated. LVMH Moet Hennessy Louis Vuitton is the market leader and has the highest market share in the Bags and Luggage market in Saudi Arabia during 2018. Nike, Kering, Prada, Samsonite, Capri Holding, Delsey and Burberry are some of the other major players in the market. They compete on the basis of Price, Quality, Utility and Retail Presence.

Saudi Arabia Bags and Luggage Market Future Outlook

It is anticipated that Saudi Arabia Luggage and Bags market will register a positive CAGR during the period 2018–2023E. Shift in cultural orientation towards West in accessorizing, recovering economic scenario, easy availability of international brands in domestic market, rising area of retail space in mall is are expected to remain the major drivers for demand of bags and luggage in Saudi Arabia.

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Key Segments Covered

Market Segmentation of Bags Market

Types of Bags

Backpacks

Business Bags

Cross body Bags

Duffel Bags

Handbags

Wallet

Other Bags

Type of Handbag

Luxury

Premium

Economy

By Distribution Channel

Multi Brand Outlets (MBOs)

Exclusive Brand Outlets (EBOs)

Local Retailers

Online Sales

By Material

Leather (inc faux and Suede leather)

Non Leather

By Region

Central

West

South

East

North

Market Segmentation of Luggage Market

By Price Segment

High (SAR 500<)

Medium (SAR 250- SAR 500)

Low (SAR 250>)

By Case Type

Hard Case

Soft Case

By Region

Central

West

South

East

North

By Sales Channel

Online

MBOs

EBOs

Local Retailers

Time Period Captured in the Report:

Historical Period: 2013-2018

Forecast Period: 2019-2023E

Companies Covered:

Louis Vuitton (LVMH)

Avon Products Inc.

VF Corporation

Samsonite international SA

Adidas AG

Nike Incorporated

Herschel Supply Co.

Hermes’s

Marithé et François Girbaud

Key Topics Covered in the Report

Value Chain Analysis

Market Size,2013-2018

Market Segmentation

Trends and  Developments

Issues and Challenges

Trade Scenario

Porter’s Five Forces Analysis

Competitive Scenario

Company Profile of Major Players

Future Market Size. 2018-2023

Future Market Segmentation, 2023E

Analyst Recommendation

Wallet Industry Saudi Arabia

Backpack Market Saudi Arabia

Business Bag Sales Saudi Arabia

Luggage Turnover KSA

Hard Case Luggage Sales KSA

Imported Bag Sales Saudi Arabia

Luxury Handbag Market KSA

Saudi Arabia Bags and Luggage Market

Saudi Arabia Bags and Luggage Industry

Bags and Luggage Businesses Saudi Arabia

Saudi Arabia Bags and Luggage Market Revenue

Major Companies Bags Saudi Arabia

Major Companies Luggage Saudi Arabia

Saudi Arabia Bags Sales

Saudi Arabia Luggage Revenue

Handbag Market KSA

Bags Luggage Distribution Channels Saudi Arabia

Bags Sales in Riyadh

Luggage Market in Saudi Arabia

Bags Market Trends KSA

Luggage and Bags Future Saudi Arabia

Luggage and Bags Recent Developments

Samsonite Saudi Arabia Market

Avon Saudi Arabia Market

Louis Vuitton Saudi Arabia Market

Adidas Saudi Arabia Market

Nike Saudi Arabia Inc. Market

Capri Holding Company Bags

Luggage and Bags Target Consumers Saudi Arabia

Bags demand Saudi Arabia

Luggage retailers Saudi Arabia

Online Bags sales Saudi Arabia

Bags importers Saudi Arabia

For more information on the research report, refer to below link:

Saudi Arabia Bags and Luggage Market

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