Industry Analysis & Industry Trends
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, with government standards improving 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 $2.06 billion in 2001, to a forecast $34.84 billion in 2011 (constant 2011 dollars).
The scale of the Luggage and Bag Manufacturing industry in China has expanded through several years of continuous and steady development.... purchase to read more
Industry Report - Industry Analysis Chapter
The scale of the Luggage and Bag Manufacturing industry in China has expanded through several years of continuous and steady development. In recent years, developing fashion trends, high export demand, increased income levels, and improved government standards and quality have driven demand for luggage and leather bags, and China has become a major luggage and bag manufacturing country.
Industry revenue and profitability
Industry revenue is expected to increase at an annualized rate of 23.4% to $57.48 billion in the five years to 2011 (constant 2011 dollars). Industry profits are estimated to account for just 3.4% of industry revenue in 2010, mainly due to the large number of enterprises that manufacture low-priced, low-end products with lower profitability levels... purchase to read more