Future Outlook of Saudi Arabia Bags and Luggage Market: 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 1. Growth of E-commerce, and FDI is allowing KSA to shift its focus towards non-Oil sectors and promote other sectors such as Tourism Start-ups such as Mine Bags with innovative concepts for Bags are entering the Bags and Luggage Industry in KSA. Moreover, the construction of new malls like Mall of Saudi, City Center Ishbiliyah, and Mall at Yanbu and avenues by investors such as Nesma & Partners, Al Futtaim, and Lulu Hypermarket for retail outlet are promoting the bags and luggage market in the country. 55% of the population in Saudi Arabia belongs to the young age group (20-50 years) who are becoming fashion-conscious & foreseeing bags as a style statement than its functional aspect. Furthermore, the growing customer inclination towards bags with fingerprint locking, built-in GPS, Bluetooth speakers, and self-weighing scales is gaining traction in the country. 2. KSA Bags and Luggage Market generated $300 Mn in Revenue in 2020 due to Changes in Demographics, Consumer Preferences, and the Influx of new Brands into the market The Saudi Arabia bags market consists of luxury and nonluxury bags sold online as well as offline channels fueled by changing demographics, surging the young and women population along with a high tourist influx into the Kingdom. It is an import-driven market where products are contract manufactured in countries such as China, Vietnam, Brazil, and Bangladesh and are directly imported into the Kingdom. KSA luggage and bags market saw a dramatic decline in the historical period 2015-2020 owing to the global pandemic which led to a reduction in footfall to shopping malls and retail stores along with leisure and business travels decreasing significantly as consumers had to stay at home. This had a particularly detrimental impact on bags as many of these sales are either dependent on the tourist population or carried out on impulse. However, Companies are focusing on building an omnichannel strategy since the conventional brick-and-mortar retail business will follow a downward trend over the years with e-retailing exponentially growing to post the corona pandemic. 3. People of KSA are being aware of the fashion trends by Influencers and Bloggers trend, Online Marketing Techniques in KSA To Know More about this report, download a Free Sample Report With the closure of malls due to COVID, online shopping has been a mental satisfaction or emotional release during house quarantine or self-isolation for unnecessary items, such as clothes & bags. Amazon even hired extra staff to keep up with worldwide demand. Moreover, young Saudi men are turning against traditional looks & following the latest fashion trends in clothes, accessories, and untraditional bags. Even fashion and style are also influenced by studying abroad for youngsters especially teenagers between 16 and 18 to have the courage to try out new things. Also, cultural change from being Islamic orthodox to rational changes have been brought by the new King of the Kingdom, Mr. Salman Abdul-Aziz. Changes include lifting the ban on driving by women and accessing basic rights, like education and healthcare, without permission from a male guardian. The independence has led to a positive impact on the bags & luggage market in KSA. 4. Marketing Cost such as Promotional Events with Celebrities, Social Media Campaigns and more have put an upward pressure on cost of the Product, lowering the margins Visit this Link Request for a custom report Dubai is the shopping capital of luxury items in the MENA Region and experienced 5.0 Mn tourists in 2020, majorly from India and KSA. Due to yearly shopping festivals, super big malls by big investors such as Emaar promote tourism to provide a 30% Contribution to GDP in 2019. Moreover, for bags, there is intense competition with almost all global brands that have a presence in KSA. Additionally, marketing costs are there such as promotional events with celebrities, and social media campaigns which increase the overall cost. Furthermore, luggage and bags involve minute detailing, quality of the material, checking for any wear and tear, and ensuring the authenticity of the product. Hence, Online purchasing through E-commerce websites is less reliable and not much preferred by people in KSA. 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