Overview

In the bag: Rising domestic and international travel has supported revenue growth

IBISWorld’s Luggage Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Increasing international and domestic travel by Australians has supported revenue growth
  • Lower airfares have encouraged domestic travel and luggage purchases over the past five years
  • The number of Australians travelling overseas is forecast to increase over the next five years

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    Industry Analysis & Industry Trends

    The Luggage Stores industry has performed well over the past five years. Retail demand for luggage has benefited from increasing competition within the domestic and international airline market, which has placed downward pressure on airfare prices and enticed more consumers to travel. Demand for luggage also benefited from increasing household discretionary incomes, which have provided consumers with more money to spend on industry products. Despite increasing demand, intensifying industry competition has placed downward pressure on product prices and constrained industry revenue growth. Despite this, industry revenue is expected to rise at an annualised 3.0% over the five years through 2017-18, to reach $187.0 million. This includes expected growth of 3.0%...

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    What is the Luggage Stores industry?

    The term luggage encompasses a range of products, which can be segmented according to their function and size. However, for the purposes of this report, luggage only refers to those items used in accordance with travel. For instance, while duffel bags and backpacks are used for a range of activities, only those purchased for travel are included in the industry.

    Carry-on luggage

    The industry's largest and fastest growing product segment is carry-on luggage. Over the past five years, consumers have increasingly opted for carry-on pieces due to the rise in checked luggage costs. The budget airlines sector has expanded, with more travellers opting to fly with lower cost carriers such as Tiger Air and Jetstar. Alt...

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    Additional Insights for the Luggage Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Luggage Stores Industry are

  • Attractive product presentation
  • Production of goods currently favoured by the market
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Domestic tourist visitor nights and International travel by Australians in the Luggage Stores industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Suitcases
    Duffel bags and backpacks
    Other travel goods and accessories
    Carry-on luggage
    Examples of brands in this Industry
    Victoria Station

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic tourist visitor nights
  • International travel by Australians
  • Real household discretionary income
  • Business confidence index

  • Current Performance
  • Travel by Australians
  • The influence of airlines
  • Rising competition
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Travel by Australians
  • Rising competition
  • Product innovation
  • Table: Luggage Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Luggage Stores Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services
  • Consumers

  • Key Selling Industries
  • Leather and Leather Substitute Product Manufacturing
  • Retail Property Operators
  • Telecommunications Services

  • Products & Services
  • Carry-on luggage
  • Suitcases
  • Duffel bags and backpacks
  • Other travel goods and accessories
  • Chart: Luggage Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Luggage Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Luggage Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Luggage Stores Industry

  • Industry Globalization
    Major Companies
    Strandbags Group Pty LimitedVictoria Station Corporation Pty Ltd
  • Table: Strandbags Group Pty Limited - financial performance
  • Table: Victoria Station Corporation Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Luggage Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Luggage Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Backpack
  • Loosely shaped luggage that allows the person to wear it on their back.
  • Carry-On Luggage
  • Luggage that can be taken onboard with a passenger as opposed to being deposited in the cargo hold.
  • Duffel Bag
  • A large cylinder shaped bag that is often used to store large amounts of belongings.
  • Suitcase
  • A flat, rectangular shaped piece of luggage that is made to store large amounts of belongings.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Luggage Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Luggage Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Luggage Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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