Luggage Manufacturing in China Industry Research Report - Now Available from IBISWorld

Over the past five years, demand for luggage and leather bags has been driven by developing fashion trends, increases in household disposable income, and high export demand as government standards improved the quality of the industry's products, says IBISWorld. Although several problems remain, such as high volumes of low and medium-end unbranded and low-valued products, low international prices, and increased export competition from other countries, the Luggage Manufacturing industry in China has strong growth potential for the future. The concentration level within the industry is very low and small enterprises still have great opportunities to expand and develop new markets, both geographically and by product.

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IBISWorld Market Research

IBISWorld Market Research

To develop world-class branded luggage and bag products, Chinese firms will focus on innovative design.

San Francisco, CA (PRWEB) September 30, 2012

China has become a major luggage and bag manufacturing country in the past decade. Over the past five years, demand for luggage and leather bags has been driven by developing fashion trends, increases in household disposable income, and high export demand as government standards improved the quality of the industry's products, says IBISWorld.

The scale of the Luggage Manufacturing industry in China has expanded over several years of continuous and steady development. Revenue has been growing at an annualized rate of 20.6% since 2007 to $68.6 billion. However, several problems remain, such as high volumes of low and medium-end unbranded and low-valued products, low international prices, and increased export competition from other countries. Competing imports are usually high-end, designer products, which are a growing niche market in China as wealth levels continue to rise.

There is strong growth potential for the Luggage Manufacturing industry in China. The concentration level within the industry is very low and small enterprises still have great opportunities to expand and develop new markets, both geographically and by product. In comparison, this industry has already reached relative maturity in developed countries. For low and medium-end products, the industry will continue to be price competitive, says IBISWorld. To develop world-class branded luggage and bag products, major industry players like Maydiang Group, Panyu Shimen Handbag, Huzhou Top Leisure Products, and Xiamen Datum Leather Product, will focus on developing innovative designs.

For more information, visit IBISWorld’s Luggage Manufacturing in China industry report page.

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IBISWorld industry Report Key Topics

The Luggage Manufacturing industry in China is engaged in the manufacturing of luggage and bags, usually made of leather, leatheroid (artificial leather), vinyl, plastic or textile fabric.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

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