Lewes, DE -- (SBWIRE) -- 07/31/2015 -- The travel and business bags market in India is expected to post a rapid growth during the forecast period. The growth is driven by an increase in travel and tourism activities, and rising number of business travelers, leading to a surge in demand and subsequent sales of travel and business bags in the country.

The travel and business bags market in India has five segments: Backpacks, business bags, duffel bags, suitcases, and trolley bags. The trolley bags segment dominated the travel and business bags market in India, in terms of volume; while duffle bags led the market in terms of revenue in 2014.

Travel and business bags market in India will grow at a CAGR of 15.49% and 13.31%, in terms of revenue and volume respectively, during 2014-2019.

This report provides an overview of the travel and business bags market in India and an in-depth analysis of the product usage in the market. The report considers 2014 as the base year.

The report also presents the vendor landscape and a corresponding detailed analysis of the seven major vendors in the market.

According to the report, urban consumers contribute to a large part of the sales of travel bags in India as they are brand-conscious and prone to impulse buying because they have high disposable income. As incomes rise, consumption patterns also shift in favor of organized retail formats that offer lifestyle and entertainment enhancements. These consumers also have access to many channels of advertising and communication, and often search multiple retail channels before making purchase decisions. Many of them have little time at their disposal and prefer shopping through the Internet.

Key players in the Travel and Business Bags Market in India: Delsey, Louis Vuitton, Safari Industries, Samsonite International, VIP Industries and Wildcraft India

Other Prominent Vendors in the market are: Adidas, Amazonlife, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Caribee, Donna Karan International (DKNY), Ferrari, Gianni Versace, IT Luggage, Lulu Guinness, Mandarina Duck, Pierre Cardin, Prada, Puma, Ralph Lauren, River Island, Russell & Bromley, TOD's and Wenger

Market Driver
- Increased urbanization and rise in disposable income
- For a full, detailed list, view our report

Market Challenge
- Popularity of mom-and-pop stores
- For a full, detailed list, view our report

Market Trend
- Increased use of social media by retailers
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 94 pages "Travel and Business Bags Market in India 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Macroeconomic Scenario, Market Landscape, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Five Forces Analysis, Market Segmentation by Product, Buying Criteria, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/travel-and-business-bags-market-india-2015-2019

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