Socio – Demographic Outlook Of Saudi Arabia
43% Female Population, ~40% ex-pat population (led by Asian countries), and 19.7 Mn tourist arrivals with High purchasing power (USD 874 as Average Spend by International Tourists per Visit) positions KSA as a potential Market for bags and luggage in 2020. Saudi Arabia is one of the major destinations of religious gathering for Muslims with one of the largest religious congregations of Hajj and Umrah.
Value Chain Analysis In Saudi Arabia Bags And Luggage Market
KSA Is highly dependent on Imports that are contracted manufactured from countries such as China, Vietnam, Brazil & Bangladesh.
Most of the brands have centralized warehouses for their Middle East operation; many of which are located in Dubai. The Distributors such as Rubaiyat and Splash allocate these Bags and Luggage to Various Distribution Channels such as Multi Brand Outlets, Exclusive Brand Outlets, Local Retailers, e- Retailers based on the type of store performance, location, and footfall, and target audience. Domestic Manufacturers have their own production facility and export to countries such as Oman, UAE, and the USA. Products returned or not sold even after discounts are majorly re-exported to countries such as UAE, China, and Italy.
Various Custom Duties and Value Added Taxes are added to the Imported Value of Bags and Luggage in KSA. Around ~% of Margin is charged at Retailer and Distributor level in the Value Chain with ~ days of Lead Time.
Overview Of KSA Bags And Luggage Market
~50% of the total population is under the age bracket 25-54 years supplemented by the high per capita income and are Highly Influenced by Fashion bloggers, celebrities, and Instagram. The industry witnessed a decline due to decreasing oil prices affecting the purchasing power of individuals but revived back due to Growth in the tourism and Retail Sector along with recovery of oil prices in 2019.
Other key industry trends include rising Sports Practitioners among individuals aged 15 years or above practicing sports activity for 150 minutes or more in a week along with New start-ups such as my bags entering KSA Market with New Innovative Concepts.
Bags dominate the bags and luggage market in KSA with handbags contributing most of the Revenue in the Bags Segment which are mostly imported from European and Asian countries. Handbags, Backpacks, Shoulder bags, Wheeled Duffel bags, School Satchels are the most popular variants in the Bags category while Leather and Plastic Trunks and Suitcases, Leather Cases, and Trunks are most popularly sold in Luggage Segment.
Key Segments Covered in Saudi Arabia Bags and Luggage Market: –
By Bags and Luggage
Bags
Luggage
By Type of Bags
Handbags
Backpacks
Business Bags
Wallet
Crossbody Bags
Duffel Bags
Briefcases
Other Bags (Totes, Baguettes, Satchels, Flaps, Hobos, Shopper Bags, Messenger Bags, Clutches and others)
By Type of Luggage
Hard Case
Soft Case
By Hard Case Luggage Capacity
30-50 L
50-90L
>90L
Roling Totes
Others such as Jewellery cases, Business case etc
By Soft Case Luggage Capacity
30-50 L
50-90L
>90L
Garment Bags
Rolling Totes
Others
By Price Range of Bags and Luggage
Premium
Economy
Luxury
By Sales Channel of Bags and Luggage
Offline
Online
By Retail Format of Bags and Luggage
EBOs
MBOs
Local Retailers
By Region
Riyadh
Jeddah
Dammam
Al khobar
Mecca and Medina
Others
Local Manufacturers:
Dagal Factory for tanning leather and leather goods
Saudi Technical Plastic Company Ltd. (STEPCO)
Global Bags Manufacturing Company Factory
Hasibast Al Madinah Factory
Al-Jabreen Leather Industries
Saudi Files Factory
World Box Factory
Distributors/ Trading Companies:
Al Futtaim
Al Malki Group
Chaloub Group
Al Shamasy
Ali Zaid Al Quarishi & Brothers
Al Sawani Group
Al Sannat for Luggage
Al Tayer
Rubaiyat
Grand Stores LLC
Etoile Group
Fawaz Alhokair Group
Al Athar Group
Apparel Group
Saudi Jawahir
Sun & Sand LLC
Bags and Luggage Brands
LVMH
Samsonite Group (Samsonite, Kamiliant, High Sierra, American Tourister)
Kering
Capri Holding
Prada
Delsey
Burberry
Tommy
Nike
Adidas
TUMI
Aldo Group
Christian Dior
Key Target Audience
Luggage Manufacturers
Bags Manufacturer
Retailers and Distributors
Time Period Captured in the Report:
Historical Period: 2015-2020
Forecast Period: 2020–2025
Key Topics Covered in the Report:-
Saudi Arabia Luggage and Bags Market Introduction
Saudi Arabia Luggage and Bags Market Size, 2015-2020
Saudi Arabia Luggage and Bags Market Segmentation, 2015-2020
Growth Drivers for KSA Luggage and Bags Market
Understanding the Target Market for Bags & Luggage Industry
Recommended Store Layout & Proposed Business Framework
The landscape of Local Manufacturers, Distributors & Retailers in KSA Bags and Luggage Market
Potential B2B Partnership Strategy (Partnership with Corporate, Schools, CSD and Local Retailers)
Competition Scenario of Bags and Luggage Market in KSA
4Ps and Pricing Analysis in KSA Luggage and Bags Market
Global Practices and Global Case Scenarios that can be adopted in KSA
Technological Innovations in Bags and Luggage Market
Consumer’s Decision Making Parameters and Buying Behavior in KSA Luggage and Bags Market
Issues and Challenges in KSA Luggage and Bags Market
KSA Luggage and Bags Market Future Outlook and Projections, 2020-2025F
GTM and Market Opportunities for KSA Luggage and Bags Market
For More Information on the research report, refer to below link:-
Saudi Arabia Bags and Luggage Market
Related Reports by Ken Research: –
Global Luggage & Bags Market 2019 By Manufacturers, Regions, Type And Application, Forecast To 2024
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Ken Research
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Ankur@kenresearch.com
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