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
Published on
September 2019
Total pages
72
About the Report
About the Report
The report titled "Philippines Luggage and Bags Market Outlook to 2023 - By Bags (Handbags, Backpacks, Crossbody Bags, Duffel Bags, Wallet Coin Pouches, Business Bags, Other Small Bags), By Luggage (Hard and Soft Case), By Distribution Channel" provides a comprehensive analysis on the Bags and Luggage Industry of Philippines. The report covers various aspects including market size, market segmentation, trends and developments, challenges, trade scenario, Porter’s five force analysis, competitive landscape. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
Market Overview and Size
Philippines bags and Luggage Market is at the growing stage. All major international players have their presence in the market and are competing aggressively to dominate. Bags are in very high demand as compared to luggage and the global leader LVMH dominated the market. There is no major domestic designer brand in the luxury segment.
The market has grown in terms of revenue due to the growth of domestic and outbound tourism, an increase in the young and working population and an increasing presence of bags and luggage retailers in the Philippines.
Bags and Luggage Market Segmentation
By Type of Pack (Bags and Luggage): Bags dominated the market in the Philippines majorly due to an extensive product reach which includes 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 dominant share in the overall market.
By Demand in Region: Luzon is the largest and the most populous island in the Philippines and has the highest demand for bags and luggage in the country. Davos and Visayas regions also majorly contribute to the demand for bags and luggage in the Philippines.
By Market Structure: The bags and luggage market in the Philippines in 2018 was dominated by Unorganized Sector that accounted for more than half of total revenue in the bags and luggage market.
By Type of Bags and Luggage (Handbags, Cross body bags, Duffel bags, Luggage, Business Bags, Wallets, and Other Coin Pouches): Handbags is the most demanded product followed by Backpacks. The Basic type of Handbag is affordable and appeals to the masses and has a relatively higher demand in the Philippines Market. The population between the Age group 10 years to 34 years Increased from 44 Million to 47 Million during the period 2013-2018, thereby driving the demand for backpacks in the industry.
By Distribution Channel (Department Stores, Bags and Luggage Specialist Retailers, Apparel, Footwear Specialist Retailers, stationers/office supply stores, Direct Selling, Hypermarkets, Internet Retail and others): Department Stores have dominated the bags and luggage sale in the Philippines followed by Bags and Luggage Specialist Retailers during 2018 in terms of revenue. Internet Retail is on the rise in the Philippines and the sales through online retail centers are expected to increase in the future.
Competitive Landscape
The Philippines Bags and Luggage market is highly fragmented. LVMH Moët Hennessy Louis Vuitton is the market leader and has the highest market share in the Bags and Luggage market in the Philippines on the basis of revenue in 2018. The other major players in the market are AVON Philippines Inc., VF Corp., Samsonite International, Adidas, and others. The major parameters on which the companies compete in the market are price, quality, utility and retail presence.
Philippines Bags and Luggage Market Future Outlook
In the future, it is anticipated that Philippines Luggage and Bags market in terms of revenue will increase at a positive CAGR during the period 2018–2023E. In the Philippines, it is expected that the demand for both bags and luggage will be further augmented largely due to increasing domestic tourism and innovation in luggage and bags.
Key Segments Covered
By Demand in Region, 2018
- Luzon
- Visayas
- Davao
By Application/Use, 2018
- Leisure
- Business
By Market Structure, 2018
- Unorganized
- Organized
By Bags, 2013-2018
- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
- Handbags (basic, mid, luxury)
- Wallet and coin pouches
- Other small bags
By Luggage Type
- Hard Case
- Soft Case
By Luggage Category
- Wheel
- Non-Wheel
By Distribution Channel, 2013-2018
- Hypermarkets
- Apparel and footwear specialists retailers
- Bags and luggage specialists retailer
- stationers/office supply stores
- Other leisure and personal goods specialist retailers
- Department stores
- Variety stores
- Warehouse clubs
- Other non-grocery specialist
- Direct Selling
- Internet Retailing
Key Target Audience
- Luggage Manufacturers
- Bags Manufacturer
- Distributors
Time Period Captured in the Report:
- Historical Period: 2013-2018
- Forecast Period: 2019-2023
Companies Covered:
- Louis Vuitton (LVMH)
- Avon Products Inc.
- VF Corporation
- Samsonite International SA
- Adidas AG
- Nike Incorporated
- Herschel Supply Co.
- Herme’s
- Marithé et François Girbaud
Key Topics Covered in the Report
- Value Chain Analysis
- Market Size,2013-2018
- Market Segmentation
- Trends and Developments
- Challenges
- Trade Scenario
- Porter’s Five Forces Analysis
- Competitive Scenario
- Company Profile of Major Players
- Future Market Size. 2018-2023E
- Future Market Segmentation. 2023E
- Analyst Recommendation
Products
Products
By Demand in Region, 2018
- Luzon
- Visayas
- Davao
By Application/Use, 2018
- Leisure
- Business
By Market Structure, 2018
- Unorganized
- Organized
By Bags, 2013-2018
- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
- Handbags (basic, mid, luxury)
- Wallet and coin pouches
- Other small bags
By Luggage Type
- Hard Case
- Soft Case
By Luggage Category
- Wheel
- Non-Wheel
By Distribution Channel, 2013-2018
- Hypermarkets
- Apparel and footwear specialists retailers
- Bags and luggage specialists retailer
- stationers/office supply stores
- Other leisure and personal goods specialist retailers
- Department stores
- Variety stores
- Warehouse clubs
- Other non-grocery specialist
- Direct Selling
- Internet Retailing
Companies
Companies Covered:
- Louis Vuitton (LVMH)
- Avon Products Inc.
- VF Corporation
- Samsonite international SA
- Adidas AG
- Nike Incorporated
- Herschel Supply Co.
- Herme’s
- Marithé et François Girbaud
Table of Contents
Table of Contents
1. Executive Summary
2. Research Methodology
2.1 Market Definitions
2.2 Abbreviations
2.3 Hypothesis
2.4 Defining Variables
2.5 Correlation Matrix
2.6 Regression Matrix
2.7 Limitations and Final Conclusion
3. Value Chain Analysis
4. Market Size, 2013-2018 (By Revenue and By Volume)
2.1 Market Definitions
2.2 Abbreviations
2.3 Hypothesis
2.4 Defining Variables
2.5 Correlation Matrix
2.6 Regression Matrix
2.7 Limitations and Final Conclusion
3. Value Chain Analysis
4. Market Size, 2013-2018 (By Revenue and By Volume)
5. Market Segmentation
5.1 By Type of Pack (Bags and Luggage), 2013- 2018 (By Value and Volume)
5.2 By Use (Leisure and Business) and Organized and Unorganized, 2018 (By Revenue)
5.3 By Region (Luzon, Visayas and Davao) and Area (Urban and Rural), 2018 (By
Revenue)
5.4 By Distribution Channel (Hypermarkets, Apparel and footwear specialists retailers, Bags and luggage specialists retailer, stationers/office supply
stores, Other leisure and personal goods specialist retailers, Department stores, Variety stores, Warehouse clubs, Other non-grocery specialist, Direct Selling
and Online), 2013-2018 (Retail Value, Products Sold, Target Audience)
5.5 By Bags, 2018 (Handbags, Backpacks, Cross body Bags, Duffel Bags, Wallet Coin Pouches, Business Bags, Other Small Bags) – By Retail Value and Volume
(Type of Bags, Major Brands, Average Price and Target Audience)
5.5.1 By Type of Handbag (Basic, Mid, Luxury), 2018
5.5.2 Segmentation of Luggage by Wheel/Non-wheel, 2018 and By Case (Hard and Soft), 2013-2018
5.6 By Luggage and Bags Price (Premium, Mass and Economy), 2018
6. Trends and Developments
(Increase in Tourism, Increase in Internet Retail, Healthy Lifestyle and Innovation)
7. Issues and Challenges
(Changing Consumer Preference, Creating Brand Value, Counterfeit Bags and Luggage and Fewer Repeat Purchases)
8. Trade Scenario
8.1 Imports, 2013-2017
8.1.1 Major Filipino Importers
8.2 Exports, 2013-2017
8.2.1 Major Filipino Exporters
9. Porter’s Five Force Analysis
10. Competitive Scenario
10.1 Nature of Competition
10.2 Competition Parameters (Utility, Price, Quality and Presence)
10.3 Market Share of Major Companies (LVMH, VKC Inc, Avon Philippines Inc, VF Corp and Others), 2018
10.4 Market Share of Major Brands (AVON, Hawk, Louis Vuitton, Samsonite and Others), 2018
10.5 Competitive Analysis (Strengths and Weakness of Major Players), 2018
11. Company Profile of Major Players (Overview, Regional Presence, Recent Developments, Strategies, Brands Offered and Revenue)
11.1 Louis Vuitton (LVMH)
11.2 Avon Products Inc.
11.3 VF Corporation
11.4 Samsonite international SA
11.5 Adidas AG
11.6 Nike Incorporated
11.7 Herschel Supply Co.
11.8 Others (Hermes and MFG Manila Inc.)
12. Future Outlook and Projections
12.1 Market Size 2018-2023 (By Revenue)
12.2 By Type of Pack, 2018 and 2023E
12.3 By Demand in Application, 2018 and 2023E
12.4 By Type of Bags and Luggage, 2018 and 2023E
13. Analyst Recommendations – For New Entrant
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