An analysis of the drivers explains the factors for growth of the industry including increase in disposable income, increase in traveling boosting the market, expansion in retailing and specialty stores and luggage as a lifestyle product. The key challenges identified encompass stiff competition from unorganized sector and increasing costs of raw material. Key trends in the market have also been analyzed including shift in preference to soft luggage, luggage manufacturers adding new product categories, assistance provided by manufacturers to franchisee.
The competition section provides complete profiles of the major domestic and foreign players in the market including corporate information, financials, their brands and products, and business highlights.
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