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. China has become a major luggage and bag manufacturing country in the past decade, with domestic demand increasing from $9.2 billion in 2005 to an estimated $47.0 billion in 2015.
The scale of the Luggage Manufacturing industry in China has expanded through several years of continuous and steady development. Over the past five years, revenue has been growing at an annualized rate of 8.9% to $74.0 billion.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.