Irving, Texas (PRWEB) March 21, 2013
In recent years, the demand for luggage and leather goods industry has grown. Industry revenue is forecast to reach $91.2 billion by 2018, with good growth over the next five years. The competitive rivalry seems to be high due to the large number of players competing with each other to gain market share. Consumer demand has been shifting toward the new design and innovative leather products with changing fashion trend and lifestyle.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the luggage and leather goods market and presents its findings in “Global Luggage and Leather Goods Industry 2013-2018: Trend, Profit, and Forecast Analysis.”
This study provides an overview of the global luggage and leather goods industry, tracking two market segments of that industry in four geographic regions. The report studies manufacturers of luggage and leather accessories product such as briefcases, suitcases, business cases, travel bags, leather jackets, handbags, wallets, purses, and belts. The study provides a five-year annual trend analysis that highlights market size, profit and cost structure for North America, Europe, APAC, and ROW.
The report studies the prevailing challenges facing the industry. The rising input cost of raw materials such as leather and plastic have severely impaired profit margins, which in turn have reduced the industry’s gross profit margin. High research and development activities in developing countries geared toward market expansion, as well as growth and capital expenditures for business expansion increased the overall debt present in the industry.
Lucintel gives an overview of the key drivers of the industry. Upgraded designs, global economic growth, and the purchasing power of consumers are important key drivers for the industry. Emerging economies and availability of required resources enhanced the manufacturing facilities of the existing players.
This industry research report is intended to provide industry leaders with a competitive benchmarking of the world’s top five global retail drug companies. The study provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit http://www.lucintel.com.