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 $12.1 billion in 2006 to an estimated $62.5 billion in 2017.The scale of the Luggage Manufacturing industry in China has expanded through several years of continuous and steady development. Over the five years to 2017, revenue has been growing at an annualized rate of 7.6% to $87.2 billion. There are 4,716 enterprises operating in the industry, employing more than one million people, with a payroll of $6.8...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Report - Industry Locations Chapter

Guangdong province is the largest manufacturing base for this industry in China, accounting for an estimated 27.5% of industry revenue in 2017, with 27.0% of enterprises and 40.8% of employees. This province is also the world's largest luggage and bag export base. Many enterprises in this province are export-oriented and are therefore heavily influenced by global economic conditions.Industry activity is also highly concentrated in the coastal East China region. In this region, Fujian, Shandong, Jiangsu and Zhejiang provinces are jointly forecast to account for about 50.2% of industry revenue in 2017. This region is well developed in China and supports a wide range of manufacturing industries. Domestic demand for the industry's products is also highest in these provinces. Lar...purchase to read more.

Additional Insights for the Luggage Manufacturing Industry

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

  • Ability to control stock on hand
  • Attractive product presentation
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Manufacturing Exports - Manufacturing and Retailing Fashion Trends - Fabric and Other Soft Goods in the Luggage Manufacturing industry impact industry performance..

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    What's in this report

    What is the Luggage Manufacturing Industry?

    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.

    Industry Products
  • Other products, including leather suitcases and miscellaneous goods
  • Leather handbags, briefcases and wallets
  • Non-leather luggage (including plastic and textile)
  • Non-leather handbags and wallets
  • Industry Activities
  • Bag
  • Suitcase
  • Wallet
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Manufacturing Exports - Manufacturing
  • Retailing Fashion Trends - Fabric and Other Soft Goods
  • The Tourism Market - Total
  • Household Income

  • Current Performance
    Industry revenue and profitabilityInternational tradeEnterprises and wagesCurrent issues
  • Chart: Revenue Growth

  • Industry Outlook
    International tradeEnterprises and wagesDevelopment trends
  • Table: Luggage Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Online Shopping

  • Key Selling Industries
  • Basic Plastics and Synthetic Resin Manufacturing
  • Cotton Fabric and Yarn Manufacturing

  • Products & Services
  • Leather handbags, briefcases and wallets
  • Non-leather luggage (including plastic and textile)
  • Non-leather handbags and wallets
  • Other products, including leather suitcases and miscellaneous goods
  • Chart: Luggage Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Fashion trends
  • Travel and tourism
  • Branding

  • Major Markets
  • Exports
  • Wholesalers
  • Retailers
  • Direct sales
  • Chart: Major Market Segmentation for the Luggage Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Luggage Manufacturing

  • Basis of Competition
  • Price
  • Fashion trends
  • Product quality
  • Sales distribution channels

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Luggage Manufacturing Industry

  • Industry Globalization
    Maydiang Group Co., Ltd., Panyu Shimen Handbag Co., Ltd., Huzhou Top Leisure Products Co., Ltd., Guangdong Wanlima Industrial Co. Ltd, Yamani China,
  • Table: Maydiang Group Co., Ltd. - financial performance
  • Table: Panyu Shimen Handbag Co., Ltd. - financial performance
  • Table: Huzhou Top Leisure Products Co., Ltd. - financial performance
  • Table: Guangdong Wanlima Industrial Co. Ltd - financial performance
  • Table: Yamani China - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Luggage Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Gb/T Regulations
  • Developed and implemented by the Chinese government to regulate the quality of a wide range of products made in China.
  • Leatheroid
  • Trademarked artificial leather product.
  • Tannery
  • Place where rawhide is processed into leather.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Luggage Manufacturing 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.

    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 Manufacturing:
    • 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 Manufacturing 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 Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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