Luggage and Leather Goods Retailing in China - Market to Grow at a CAGR of 14.43% over the Forecast Period

"The Report Luggage and Leather Goods Retailing in China - Market Summary & Forecasts: Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. -"


Albany, NY -- (SBWIRE) -- 06/06/2016 -- The Chinese Luggage and Leather Goods Market holds huge growth potential in the forecast period. The market is positively influenced by increasing household disposable income, a rising affluent middle class, rapid urbanization, a rising demand for luxury in lower tier cities, and a surge in the number of those travelling. Most luggage and leather goods retailers have a very strong footprint on tier I and tier II cities in China, but very soon tier III and IV cities will join hands with larger cities to drive the market.

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Key Findings

The luggage and leather goods retail sector is expected to generate CNY243.3 billion of sales in 2020, representing a CAGR of 14.43% over the forecast period

A rising middle class with increased disposable income and altering lifestyles are driving retail demand and retailers expansion plans in tier lll and tier lV cities will drive further growth

Per capita spending on luggage and leather goods will continue to soar, with a CAGR of 13.8% over the next five years.

The growing interest for the online purchase of luggage and leather goods will drive online spending, at a rate of 25.4% over the next five years

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Luggage and Leather Goods Retailing in China Market Summary & Forecasts is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020.

What else does this report offer?

A thorough analysis of consumer trends changing economic and population factors

Both qualitative and quantitative insights and analysis of the shifting luggage and leather goods retail dynamics from 2010 to 2020

Sales of luggage and leather goods through the following channels from 2010 to 2020: Department stores; other specialist retailers; online; hypermarkets, supermarkets and hard-discounters; value, variety stores and general merchandise retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; duty free retailers; clothing, footwear, accessories and luxury goods specialists

An overview of key luggage and leather goods retailers operating across China and their presence across distribution channels

Reasons to Buy

Gain a comprehensive knowledge on luggage and leather goods sector in the China retail market and develop a competitive advantage from the start of your supply chain

Investigate current and forecast behaviour trends in luggage and leather goods category to identify the best opportunities to exploit

Analyse the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behaviour

Understand the fastest growing categories including luggage and leather goods, with insights on performance across key channels from 2010, with forecasts until 2020

Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analysing the vital economic and population trends, key consumer and technology trends influencing the luggage and leather goods market

Analysis of key international and domestic players operating in the luggage and leather goods market including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share

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