Suit Bags Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Suit Bags Market covers analysis By Type (Canvas, Leather, Nylon, Plastic, Polyester, Others); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00028230
  • Category : Consumer Goods
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION
A suit bag is a cloth storage container, which usually stores a suit or jacket in hanging style. Suit bags also act as protective gear for expensive clothes, as it allows to protect from dust and damage. Suit bags have a transparent front that allows the consumer a quick look inside.

MARKET DYNAMICS
Growth in the demand for suits due to its adoption globally has surged the demand for suit bags market. Consumers in developing economies have seen a demand surge in suit bags, as suits are worn for professional and private gatherings. The availability of tutorials about suit grooming in the digital space has further increased the demand for suit bags.

MARKET SCOPE
The "Global Suit Bags Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the suit bags market with detailed market segmentation by type, distribution channel, and geography. The global suit bags market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading suit bags market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global suit bags market is segmented based on type and distribution channel. Based on type, the market is segmented into canvas, leather, nylon, plastic, polyester, and others. Based on distribution channels, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global suit bags market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The suit bags market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the suit bags market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the suit bags market in these regions.

World Geography

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global suit bags market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The suit bags market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the suit bags market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the suit bags market in these regions.

MARKET PLAYERS
The reports cover key developments in the suit bags market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from suit bags market are anticipated to lucrative growth opportunities in the future with the rising demand for suit bags in the global market. Below mentioned is the list of few companies engaged in the suit bags market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the suit bags market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Ace Co. Ltd.
  •   Delsey
  •   DG Piramal Group
  •   Fox Luggage Inc.
  •   Gucci
  •   Montblanc
  •   Piel Leather
  •   Travelpro Products, Inc
  •   Victorinox
  •   Whitmor, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Suit Bags Market - By Type
1.3.2 Suit Bags Market - By Distribution Channel
1.3.3 Suit Bags Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SUIT BAGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. SUIT BAGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. SUIT BAGS MARKET - GLOBAL MARKET ANALYSIS
6.1. SUIT BAGS - GLOBAL MARKET OVERVIEW
6.2. SUIT BAGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. SUIT BAGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CANVAS
7.3.1. Overview
7.3.2. Canvas Market Forecast and Analysis
7.4. LEATHER
7.4.1. Overview
7.4.2. Leather Market Forecast and Analysis
7.5. NYLON
7.5.1. Overview
7.5.2. Nylon Market Forecast and Analysis
7.6. PLASTIC
7.6.1. Overview
7.6.2. Plastic Market Forecast and Analysis
7.7. POLYESTER
7.7.1. Overview
7.7.2. Polyester Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. SUIT BAGS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. SUIT BAGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Suit Bags Market Overview
9.1.2 North America Suit Bags Market Forecasts and Analysis
9.1.3 North America Suit Bags Market Forecasts and Analysis - By Type
9.1.4 North America Suit Bags Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Suit Bags Market Forecasts and Analysis - By Countries
9.1.5.1 United States Suit Bags Market
9.1.5.1.1 United States Suit Bags Market by Type
9.1.5.1.2 United States Suit Bags Market by Distribution Channel
9.1.5.2 Canada Suit Bags Market
9.1.5.2.1 Canada Suit Bags Market by Type
9.1.5.2.2 Canada Suit Bags Market by Distribution Channel
9.1.5.3 Mexico Suit Bags Market
9.1.5.3.1 Mexico Suit Bags Market by Type
9.1.5.3.2 Mexico Suit Bags Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Suit Bags Market Overview
9.2.2 Europe Suit Bags Market Forecasts and Analysis
9.2.3 Europe Suit Bags Market Forecasts and Analysis - By Type
9.2.4 Europe Suit Bags Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Suit Bags Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Suit Bags Market
9.2.5.1.1 Germany Suit Bags Market by Type
9.2.5.1.2 Germany Suit Bags Market by Distribution Channel
9.2.5.2 France Suit Bags Market
9.2.5.2.1 France Suit Bags Market by Type
9.2.5.2.2 France Suit Bags Market by Distribution Channel
9.2.5.3 Italy Suit Bags Market
9.2.5.3.1 Italy Suit Bags Market by Type
9.2.5.3.2 Italy Suit Bags Market by Distribution Channel
9.2.5.4 United Kingdom Suit Bags Market
9.2.5.4.1 United Kingdom Suit Bags Market by Type
9.2.5.4.2 United Kingdom Suit Bags Market by Distribution Channel
9.2.5.5 Russia Suit Bags Market
9.2.5.5.1 Russia Suit Bags Market by Type
9.2.5.5.2 Russia Suit Bags Market by Distribution Channel
9.2.5.6 Rest of Europe Suit Bags Market
9.2.5.6.1 Rest of Europe Suit Bags Market by Type
9.2.5.6.2 Rest of Europe Suit Bags Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Suit Bags Market Overview
9.3.2 Asia-Pacific Suit Bags Market Forecasts and Analysis
9.3.3 Asia-Pacific Suit Bags Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Suit Bags Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Suit Bags Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Suit Bags Market
9.3.5.1.1 Australia Suit Bags Market by Type
9.3.5.1.2 Australia Suit Bags Market by Distribution Channel
9.3.5.2 China Suit Bags Market
9.3.5.2.1 China Suit Bags Market by Type
9.3.5.2.2 China Suit Bags Market by Distribution Channel
9.3.5.3 India Suit Bags Market
9.3.5.3.1 India Suit Bags Market by Type
9.3.5.3.2 India Suit Bags Market by Distribution Channel
9.3.5.4 Japan Suit Bags Market
9.3.5.4.1 Japan Suit Bags Market by Type
9.3.5.4.2 Japan Suit Bags Market by Distribution Channel
9.3.5.5 South Korea Suit Bags Market
9.3.5.5.1 South Korea Suit Bags Market by Type
9.3.5.5.2 South Korea Suit Bags Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Suit Bags Market
9.3.5.6.1 Rest of Asia-Pacific Suit Bags Market by Type
9.3.5.6.2 Rest of Asia-Pacific Suit Bags Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Suit Bags Market Overview
9.4.2 Middle East and Africa Suit Bags Market Forecasts and Analysis
9.4.3 Middle East and Africa Suit Bags Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Suit Bags Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Suit Bags Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Suit Bags Market
9.4.5.1.1 South Africa Suit Bags Market by Type
9.4.5.1.2 South Africa Suit Bags Market by Distribution Channel
9.4.5.2 Saudi Arabia Suit Bags Market
9.4.5.2.1 Saudi Arabia Suit Bags Market by Type
9.4.5.2.2 Saudi Arabia Suit Bags Market by Distribution Channel
9.4.5.3 U.A.E Suit Bags Market
9.4.5.3.1 U.A.E Suit Bags Market by Type
9.4.5.3.2 U.A.E Suit Bags Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Suit Bags Market
9.4.5.4.1 Rest of Middle East and Africa Suit Bags Market by Type
9.4.5.4.2 Rest of Middle East and Africa Suit Bags Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Suit Bags Market Overview
9.5.2 South and Central America Suit Bags Market Forecasts and Analysis
9.5.3 South and Central America Suit Bags Market Forecasts and Analysis - By Type
9.5.4 South and Central America Suit Bags Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Suit Bags Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Suit Bags Market
9.5.5.1.1 Brazil Suit Bags Market by Type
9.5.5.1.2 Brazil Suit Bags Market by Distribution Channel
9.5.5.2 Argentina Suit Bags Market
9.5.5.2.1 Argentina Suit Bags Market by Type
9.5.5.2.2 Argentina Suit Bags Market by Distribution Channel
9.5.5.3 Rest of South and Central America Suit Bags Market
9.5.5.3.1 Rest of South and Central America Suit Bags Market by Type
9.5.5.3.2 Rest of South and Central America Suit Bags Market by Distribution Channel

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. SUIT BAGS MARKET, KEY COMPANY PROFILES
11.1. ACE CO. LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DELSEY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DG PIRAMAL GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FOX LUGGAGE INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GUCCI
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MONTBLANC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PIEL LEATHER
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TRAVELPRO PRODUCTS, INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VICTORINOX
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WHITMOR, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.Ace Co. Ltd.
2.Delsey
3.DG Piramal Group
4.Fox Luggage Inc.
5.Gucci
6.Montblanc
7.Piel Leather
8.Travelpro Products, Inc
9.Victorinox
10.Whitmor, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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