As travel undertaken by Australians increases, the Luggage Stores industry is forecast to grow by 2.1% annualised over the five years through 2015-16 to reach $169.0 million. Trends across the tourism and travel sectors have largely supported industry revenue growth. The strength of the Australian dollar in the beginning of the five-year period renewed interest in international travel, while the expansion of budget airlines supported growth in domestic travel. These trends boosted demand for suitcases, backpacks and other travel goods. However, strong competition from department stores and online-only retailers has curtailed industry growth.
Companies in this industry retail carry-on and rolling luggage, suitcases, briefcases and trunks. The industry excludes luggage sales made by department stores and online-only retailers.
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.