Saudi Arabia Bags and Luggage Market Future Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is The Bags And Luggage Market Positioned In Saudi Arabia? What Are The Major Market Trends Driving The Industry? The retail sector in Saudi Arabia has been growing at a CAGR higher than ~% in the last few years. It was estimated at a value of around USD ~billion in 2018. The brick-and-mortar retailers are expected to gradually adopt the omnichannel business model to establish and maintain constant touch with their customers by adapting to changes in consumer buying patterns. However, the customers in Saudi Arabia prefer to buy the bags and luggage through an offline channel rather than an online channel. The Saudi Arabia bags and luggage market consist of luxury bags, nonluxury bags, and luggage sold in Saudi Arabia through the online as well as the offline channel. Most of the bags and luggage sold in Saudi Arabia are imported from European and Asian countries. There are some manufacturers of luxury bags in Egypt and Turkey but they represent a very small share of the overall market. The number of brands operating in the market has grown over the years. Many fashion brands foresee Saudi Arabia as one of the most lucrative markets in the world due to the very high purchasing power of the customers. Interested to Know More about this Report- Request for a sample report Most of the bag manufacturers operate in Saudi Arabia through a franchise model as it help them to reduce their financial and operational risk substantially. Some of the major retailers in the market are Splash, Lifestyle, Rubaiyat, Harvey Nicholas and others. The share of the population belonging to 25-54 years of age is ~% of the total population. This age group is the target customer for most of the bags and luggage products. High per capita income which leads to high buying power is another major factor for high potential market. The favorable socioeconomic condition of Saudi Arabia leads to the growth of bags and luggage market. There has been an increase in the supply of bags imported from neighboring countries such as Egypt and Turkey. The increased supply can be linked to growth of Egyptian and Turkish fashion designers. Egyptian brand Okhtein is an example, which sells luxury bags in Saudi Arabian market. What Are The Major Types Of Bags Selling In The Saudi Market? Handbags dominated the Saudi Arabian bags market generating nearly two-third of the revenue in 2018. Bags have an extensive product reach which include backpacks, cross body bags, handbags, wallets and coin pouches and most of these bag types are used on a daily basis and are considered a necessity and hence have a comparable share in the overall market. The demand for bag packs has grown in the last few years especially due to the rising number of laptop users and the current trend. Major Brands have been continuously innovating their product to match the fast-changing need of the customers. It has been observed that the number of people engaging in sports activities has been increasing in last few years. Gym bags are also getting very popular among the young generation who loves to own specific accessories for a specific purpose. The rise of the athleisure trend has created an entirely new range of consumers. What Are The Major Types Of Handbags Trending In The Market? The Saudi Arabia handbag market is divided into three categories luxury, premium, and economy. The premium category leads the market and is followed by the luxury and economy category. Business bags have become a necessity for the people of Saudi Arabia, it has been observed that many customers have started to foresee business bags as a lifestyle statement which has prompted them to spend more. This shift in consumer behavior has resulted in increasing demand for luxury business bags in the country. Crossbody bags are not currently in fashion there is demand for these types of bags in the last five years. Some of the luxury brands have traditionally focused their marketing communication on ladies. However, a trend was noticed where some of the brands are targeting men, especially through media advertising. The luxury segment is expected to register the fastest growth rate of ~% from 2018 to 2023. The economy segment will grow at the slowest rate of ~% in the above-mentioned period. Visit this Link :- Request for custom report Key Segments Covered: – Market Segmentation of Bags Market Types of Bags Backpacks Business Bags Cross body Bags Duffel Bags Handbags Wallet Other Bags Type of Handbag Luxury Premium Economy By Distribution Channel Multi Brand Outlets (MBOs) Exclusive Brand Outlets (EBOs) Local Retailers Online Sales By Material Leather (inc faux and Suede leather) Non Leather By Region Central West South East North Market Segmentation of Luggage Market By Price Segment High (SAR 500<) Medium (SAR 250- SAR 500) Low (SAR 250>) By Case Type Hard Case Soft Case By Region Central West South East North By Sales Channel Online MBOs EBOs Local Retailers Time Period Captured in the Report: Historical Period: 2013-2018 Forecast Period: 2019-2023E Companies Covered: Louis Vuitton (LVMH) Avon Products Inc. VF Corporation Samsonite international SA Adidas AG Nike Incorporated Herschel Supply Co. Hermes’s Marithé et François Girbaud Key Topics Covered in the Report Value Chain Analysis Market Size,2013-2018 Market Segmentation Trends and Developments Issues and Challenges Trade Scenario Porter’s Five Forces Analysis Competitive Scenario Company Profile of Major Players Future Market Size. 2018-2023 Future Market Segmentation, 2023E Analyst Recommendation Wallet Industry Saudi Arabia Backpack Market Saudi Arabia Business Bag Sales Saudi Arabia Luggage Turnover KSA Hard Case Luggage Sales KSA Imported Bag Sales Saudi Arabia Luxury Handbag Market KSA Saudi Arabia Bags and Luggage Market Saudi Arabia Bags and Luggage Industry Bags and Luggage Businesses Saudi Arabia Saudi Arabia Bags and Luggage Market Revenue Major Companies Bags Saudi Arabia Major Companies Luggage Saudi Arabia Saudi Arabia Bags Sales Saudi Arabia Luggage Revenue Handbag Market KSA Bags Luggage Distribution Channels Saudi Arabia Bags Sales in Riyadh Luggage Market in Saudi Arabia Bags Market Trends KSA Luggage and Bags Future Saudi Arabia Luggage and Bags Recent Developments Samsonite Saudi Arabia Market Avon Saudi Arabia Market Louis Vuitton Saudi Arabia Market Adidas Saudi Arabia Market Nike Saudi Arabia Inc. Market Capri Holding Company Bags Luggage and Bags Target Consumers Saudi Arabia Bags demand Saudi Arabia Luggage retailers Saudi Arabia Online Bags sales Saudi Arabia Bags importers Saudi Arabia For More Information on the research report, refer to the below link:- Saudi Arabia Bags and Luggage Market Related Reports by Ken Research: – India Luggage and Bags Market Outlook to 2025- Growth in Outbound & Domestic Tourists Coupled with Inclination Towards Branded Luggage Supporting Market Growth) Philippines Luggage and Bags Market Outlook to 2023 – By Bags (Handbags, Backpacks, Cross body Bags, Duffel Bags, Wallet Coin Pouches, Business Bags, Other Small Bags), By Luggage (Hard and Soft Case), By Distribution Channel Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Adidas AG Saudi Arabia Bags and Luggage Market, Adidas Saudi Arabia Market, Avon Products Inc Saudi Arabia Bags and Luggage Market, Avon Saudi Arabia Market, Backpack Market Saudi Arabia Business Bag Market Sales Saudi Arabia, Bags and Luggage Businesses Saudi Arabia, Bags demand Saudi Arabia, Bags importers Market Saudi Arabia, Bags Luggage Distribution Channels Saudi Arabia, Bags Market Sales in Riyadh, Bags Market Trends KSA, Capri Holding Company Bags Market, Central Saudi Arabia Bags and Luggage Market, Competition Scenario in Saudi Arabia Bags and Luggage Market, East Saudi Arabia Bags and Luggage Market, Future Projections for Saudi Arabia Bags and Luggage Market, Growth Drivers in Saudi Arabia Luggage and Luxury Goods Market, Handbag Market KSA, Hard Case Luggage Market Sales KSA, Hermes’s Saudi Arabia Bags and Luggage Market, Herschel Supply Co. 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