Bags and Luggage Sales in Saudi Arabia Driven by Diversification of Economy, Expat and High Income Saudi Families, Expansion of Tourism as Recreational Activity: 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)” by Ken Research suggested that the luggage and bags market in Saudi Arabia has been growing due to increasing young and working people and also due to the changing perception of people towards bags and luggage from utility to lifestyle product. The market is expected to register a positive CAGR of 16.3% in terms of revenue during the forecast period 2018-2023E.

Saudi Arabia Bags and Luggage Market

The bags and luggage market in Saudi Arabia is in its late growth stage. 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 channels for sale of bags and luggage in Saudi Arabia.

Increase in Domestic Tourism:  The domestic tourism in Saudi Arabia is on its growth path and has played a very important role in the market growth. According to Saudi Communication for Tourism and National Heritage, there were 2 million domestic tourists during midyear vacation in 2018. Movement of such huge number of people has led to purchase of many bags and luggage products. Bags come in very handy for women during travel as well as during their day to day travel activity.

Exploring Sales Channel: In order to increase the sales of bags and luggage, the retailers are increasing their online presence. The online retailing has grown significantly at a positive CAGR from 2013 to 2018 and is expected to increase further as the use of internet grows. The major players in Saudi Arabia are looking to increase their retail presence both online as well as offline to increase the sale of their products. The brands have been looking to increase their customer reach through malls in the major cities and also through specialist retail stores in smaller cities. The brands are also selling their products through hypermarkets, office and stationary supply stores and footwear and apparel stores especially in smaller cities where there are either no malls or are very few in number.

Key Topics covered in this report:

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

Key Segments Covered

Saudi Arabia Luggage and Bags Market

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 Retail Format

Multi Brand Outlets (MBOs)

Exclusive Brand Outlets (EBOs)

Local Retailers

By Sales Channel

Online Channel

Offline Channel

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

Offline

Online

By Retail Format

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

For more information, refer to below link:

Bags and Luggage Market Research Report

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

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