New York, NY -- (SBWIRE) -- 08/22/2017 -- Increased deployment of an online version of luggage stores, integrating payment gateways, and efficient logistics is fueling the online sales around the globe. Such progressive technology has touched high-spending consumers for luggages. APAC (Asia-Pacific) region is expected to see huge urban and technological development in its luggage industry in the near future. As per the China Development Research & Foundation, urban population in China is going to increase about 18% by 2030. Asia-Pacific region, thus, is expected to witness vigorous growth in terms of sales of luggage products through 2020.

According to a report, two-thirds of the global population will be living in urban areas by the end of 2050. With increased urbanization, people will shift towards urban lifestyles, which will considerably impact the growth of global luggage market. Consumers, today, are able to find inspirational products owing to technological advancements in luggage-making industry. One's luggage can be observed as one's lifestyle choice, or even as a fashion statement. In developing countries, people have been preferring all-purpose luggage, owing to their proactive lifestyles.

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Luggage is an integral part of travel and tourism activities. Increased frequency of tours with ever rising global business activities requests durable luggage amenities. In addition, increased tourism across multiple destinations over the globe is driving the global luggage market. Growing preference to abroad education, which is promoting student migration has vastly influenced this market, and will continue to do so. Reduced duration for receiving visa applications by most of the countries is expected to raise the frequency of international travels, and indirectly affect the global sales of luggage.

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Changing recreational patterns of consumers is a key factor affecting the growth of tours & travel industry. Europe has been the largest tourism destination during 2010 – 2013, and is followed by Asia-Pacific. People across countries such as the U.S., Finland, and Sweden are frequent international & domestic travelers.

Luggage is sold through various means such as malls, supermarkets, hypermarkets, factory outlets and online sales. Out of all distribution channels, sales associated with cloud-based systems & e-commerce platforms are expected to generate vigorous revenue growth in the global market through 2020.

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Increased inclination towards adventure travelling is expected to boost the global luggage market. Formation of various clubs and association that perform weekly, monthly, or yearly adventurous activities fuels the traveling & tourism industry. Satisfying the baggage needs of huge number of adventure travelers is expected to increase the global luggage sales.

Major key players in the global luggage market include MCM Worldwide, ACE Co, Louis Vuitton Malletier S.A., Goyard, Samsonite International S.A., Tumi Holdings, Inc., VIP Industries, VF Corporation, Briggs & Riley Travelware, and Rimowa GmbH Ltd.