The Aluminum Suitcases Market size to grow by USD 252.5 million from 2022 to 2027

NEW YORK, Aug. 31, 2023 /PRNewswire/ -- The aluminum suitcases market is estimated to grow at a CAGR of 6.74% between 2022 and 2027. The market size is forecast to increase by USD 252.5 million, according to Technavio. The growing global travel and tourism industry is a key factor driving market growth. This tourism industry helps to promote business, commerce, employment, and infrastructure development and stimulates the social development of different communities. China, South Korea, the US, Brazil, Spain, the Netherlands, Germany, and the UK are among the important countries with a huge amount of foreign tourism. In addition, several suppliers in the luggage industry are offering a variety of new products to meet the diverse needs of customers, including business travel, leisure travel, or sports. Hence, these factors are expected to drive market growth during the forecast period - Download a Sample Report

Aluminum Suitcases Market Insights -

Companies: 15+, Including ACE Co. Ltd., ALEON, Arlo Skye Inc., Baulificio Italiano Sorelle Roncato S.r.l., FABBRICA PELLETTERIE MILANO SPA, Faisst GmbH, Fujian Shun xin Import and Export Trading Co. Ltd., Gabbiano Luggage, Hideo Wakamatsu, LEVEL8 Group Corp., LVMH Moet Hennessy Louis Vuitton SE, Monos Travel Ltd., MVST Select, Paxshell Pvt. Ltd., Samsara Luggage, Samsonite International SA, Sterling Pacific, Travelpro Products Inc., Victorinox AG, and VICTORLITE, among others

Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies

Segments: type (large and small), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa)

To understand more about the aluminum suitcases market, request a sample report

Aluminum Suitcases Market - Company Insights

The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies including - ACE Co. Ltd., ALEON, Arlo Skye Inc., Baulificio Italiano Sorelle Roncato S.r.l., FABBRICA PELLETTERIE MILANO SPA, Faisst GmbH, Fujian Shun xin Import and Export Trading Co. Ltd., Gabbiano Luggage, Hideo Wakamatsu, LEVEL8 Group Corp., LVMH Moet Hennessy Louis Vuitton SE, Monos Travel Ltd., MVST Select, Paxshell Pvt. Ltd., Samsara Luggage, Samsonite International SA, Sterling Pacific, Travelpro Products Inc., Victorinox AG, and VICTORLITE

Aluminum Suitcases Market – Market Dynamics

Significant Challenge - The threat of intense competition from local brands is a significant challenge restricting market growth. The presence of a few local enterprises in the market leads to problems such as a lack of standardization in prices, unequal competition, and market share erosion. To gain a competitive edge in the market and increase market share, suppliers try to price their products competitively with those of local brands, despite their diminished profit margins. Furthermore, lower-middle-class consumers are increasingly favoring these counterfeit products because they look almost identical to the original product and are also cheaper. Hence, these factors are expected to restrict market growth during the forecast period.

Key Driver - The growing global travel and tourism industry is a key factor driving market growth.

Major Trend - The growing incorporation of smart features and connectivity in suitcases is a major trend in the market.

Drivers, Trends, and challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The aluminum suitcases market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

What are the key data covered in this Aluminum Suitcases Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the aluminum suitcases market between 2023 and 2027

Precise estimation of the size of the aluminum suitcases market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the aluminum suitcases market across APAC, North America, Europe, South America, and the Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about companies

Comprehensive analysis of factors that will challenge the growth of aluminum suitcase market companies

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports

The aluminum composite panels market size is estimated to grow at a CAGR of 6.87% between 2022 and 2027 with the market size forecast to increase by USD 2,449.52 million. This aluminum composite panels market report extensively covers market segmentation by type (fire-resistant, antibacterial, and antistatic), end-user (building and construction, transportation, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). Increasing use of lightweight materials in various end-user industries is the key driver for the growth of the market.

The aluminum market size is estimated to grow at a CAGR of 3.05% between 2022 and 2027 with the market size forecast to increase by USD 28,014.19 million. This aluminum market report extensively covers market segmentation by end-user (transportation, construction, packaging, electrical engineering, and others), type (primary aluminum and secondary aluminum), and geography (APAC, Europe, North America, Middle East and Africa, and South America). One of the key factors driving the global aluminum market growth is the growing demand for aluminum in EVs.

Aluminum Suitcases Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.74%

Market growth 2023-2027

USD 252.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.26

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ACE Co. Ltd., ALEON, Arlo Skye Inc., Baulificio Italiano Sorelle Roncato S.r.l., FABBRICA PELLETTERIE MILANO SPA, Faisst GmbH, Fujian Shun xin Import and Export Trading Co. Ltd., Gabbiano Luggage, Hideo Wakamatsu, LEVEL8 Group Corp., LVMH Moet Hennessy Louis Vuitton SE, Monos Travel Ltd., MVST Select, Paxshell Pvt. Ltd., Samsara Luggage, Samsonite International SA, Sterling Pacific, Travelpro Products Inc., Victorinox AG, and VICTORLITE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End User

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-aluminum-suitcases-market-size-to-grow-by-usd-252-5-million-from-2022-to-2027--the-growing-travel-and-tourism-industry-will-drive-growth--technavio-301914799.html

SOURCE Technavio