Saudi Arabia Bags and Luggage Market Outlook to 2023
By Type (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallet and Other Bags); By Handbag Price Segment (Luxury, Premium, Economy)
July 2019
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About the Report
About the Report
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The report titled "Saudi Arabia Bags and Luggage Market Outlook to 2023 - By Type (Backpacks, Business Bags, Crossbody Bags, Duffel Bags, Handbags, Wallet and Other Bags); By Handbag Price Segment (Luxury, Premium, Economy)" provides a comprehensive analysis on the Bags and Luggage Industry of Saudi Arabia. The report covers various aspects including market size, market segmentation of Bags Market by Types of Bags (Backpacks, Business Bags, Crossbody Bags, Duffel Bags, Handbags, Wallet and Other Bags), by Type of Handbag (Luxury, Premium, and Economy), By Retail Format (Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs) and Local Retailers), By Sales Channel (Online Channel and Offline Channel), By Material (Leather (inc faux and Suede leather) and Non-Leather), By Region (Central, West, South, East, and North). Market Segmentation of Luggage Market By Price Segment (High (SAR 500<), Medium (SAR 250- SAR 500), and Low (SAR 250>), By Case Type (Hard Case and Soft Case), By Region (Central, West, South, East, and North), By Sales Channel (Offline and Online), By Retail Format (MBOs, EBOs, and Local Retailers). Industry factors including trends and developments, challenges, trade scenario, Porter’s five force analysis, competitive landscape. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.
Market Overview and Size
The bags and luggage market in Saudi Arabia is in its late growth stage. This is evident from the fact that all major international players have shown 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 dominates the Saudi bags market. There is no major domestic designer brand in the luxury segment. The majority of the domestic bag companies are in the low price segment and lack total presence in the hard case luggage market. EBOs and MBOs are a biggest retail channel for sale of bags and luggage in Saudi Arabia.
Bags Market Segmentation
By Type of Bags: Handbags dominated the Saudi Arabian market generating more than a third of total revenue. Other bags have an extensive product reach which includes backpacks, cross body bags, handbags, wallets, coin pouches and similar. Most of these bag types are used on a daily basis and are considered a necessity and hence have a small share as they are generally purchased under the low and premium category.
HandBags by Price Range: The premium category is the leading category in this segment followed by the luxury and economy category. Luxury brands include global majors such as LVMH, Prada, Coco Chanel, Gucci, and similar. Premium categories are in the highest demand due to their value for money considering that women like to replace their bags at regular intervals.
By Region: Central region is the biggest market for bags in Saudi Arabia. Riyadh the capital city of KSA is home to the largest potential population base is in the central region. The western part of the country is the second-largest bag market and is followed by the South, East, and Northern region having a minority share in the bags market.
By Sales Channel: The bags market in Saudi Arabia was dominated by an offline channel which comprise of Multi Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs), and Local Retailers. The online sales account for minority share and is still under development stage.
Luggage Market Segmentation
By Price Segment: Majority of the products sold are in the medium price range. This is mainly due to the fact that all major brands selling to the mass have their presence in this price range. Standard size luggage is most popular and is in high demand. During 2018, the high price segment and low price segment have an equal share in the luggage market of Saudi Arabia.
By Case Type: Sales of hard case luggage generated the majority of the revenue. Aluminum, Polycarbonate, Polypropylene, Leather and ABS are some commonly used materials which makes them sturdy and long-lasting. These also offer protection against external pressure and deformation of stored items. Soft case types are considered less durable as compared to hard case types and are in low demand. Samsonite and American Tourister are two of the major brands which operate in this segment.
Competitive Landscape
The Saudi Arabia Bags and Luggage market is moderately concentrated. LVMH Moet Hennessy Louis Vuitton is the market leader and has the highest market share in the Bags and Luggage market in Saudi Arabia during 2018. Nike, Kering, Prada, Samsonite, Capri Holding, Delsey, and Burberry are some of the other major players in the market. They compete on the basis of Price, Quality, Utility and Retail Presence.
Saudi Arabia Bags and Luggage Market Future Outlook
It is anticipated that Saudi Arabia Luggage and Bags market will register a positive CAGR during the period 2018–2023E. The shift in cultural orientation towards West in accessorizing, recovering economic scenario, easy availability of international brands in the domestic market, rising area of retail space in the mall is are expected to remain the major drivers for demand of bags and luggage in Saudi Arabia.
Key Segments Covered
Market Segmentation of Bags Market
Types of Bags
Backpacks
Business Bags
Crossbody 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
Products
Products
Companies
Louis Vuitton (LVMH),Avon Products Inc. ,VF Corporation ,Samsonite international SA ,Adidas AG ,Nike Incorporated ,Herschel Supply Co. ,Hermes’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. Market Sizing and Modeling
Research Methodology
Approach- Market Sizing
Variables Dependent And Independent
Multifactor Based Sensitivity Model
Limitations
Final Conclusion
3. Value Chain Analysis
4. Overview of Saudi Arabia Fashion Industry
5. Saudi Arabia Bags and Luggage Market
5.1. Saudi Arabia Bags and Luggage Market Overview
6. Saudi Arabia Bags and Luggage Market Size by Revenue, 2013-18
7. Saudi Arabia Bags and Luggage Market Segmentation, 2018
7.1. By Region (Central, West North, South and East), 2018
7.2. By Type of Bags (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallets and Other Types of Bags), 2018
7.3. By Type of Handbag (Luxury, Premium, and Economy), 2018
7.4. By Sales Channel (EBO, MBO and Local Retailer and Online Retailer), 2018
8. Saudi Arabia Luggage Market Segmentation, 2018
8.1. By Region (Central, West, North, South and East), 2018
8.2. By Price Segment (High, Medium and Low), 2018
8.3. By Case Type (Hard and Soft), 2018
8.4. By Sales Channel (EBO, MBO, Local Retailer and Online Retailers), 2018
9. Growth Drivers in Saudi Arabia Luggage and Luxury Goods Market
9.1. Government Push Towards Conducive Business Environment
9.2. Growth of Tourism Sector
9.3. Surging Young Population
9.4. Infrastruture and Retail Projects in Pipeline
9.5. High Consumer Spending
10. Issues and Challenges in Saudi Arabia Bags and Luggage Market, 2018
10.1. Bags and Luggage are High Involvement Products
10.2. Rapid Transformation in Customer Preferance
10.3. Orthodox Culture
10.4. Cannibalization by the Dubai Market
10.5. High Competetion
11. Trends in Saudi Arabia Bags and Luggage Market
11.1. Customers becoming Fashion Conscious
11.2. Liberalisation of Societal Norms for Women
11.3. Restrictions on Procurement of Leather
12. Competition Scenario in Saudi Arabia Bags and Luggage Market, 2018
12.1. Revenue of Major Players, 2018
Case Study on Splash
12.2. Company Profile of Major Players
12.2.1. Louis Vuitton Moet Hennessey
12.2.2. Samsonite International S.A
12.2.3. Nike
12.2.4. Capri Holdings
13. Snapshot of Saudi Arabia Bags and Luggage Online Retailing Market
14. Porter Five Forces Analysis of Saudi Arabia Bags and Luggage Market
15. SWOT Analysis of Saudi Arabia Bags and Luggage Market
16. Future Projections for Saudi Arabia Bags and Luggage Market, 2018-23
16.1. Saudi Arabia Bags and Luggage Market Segmentation, 2018-23
16.1.1. By Bags and Luggage, 2018-2023
16.1.2. Saudi Arabia Bags Market Segmentation, 2018-2023
Luxury Handbag to Regain its Lost Momentum
By Sales Channel (Online and Offline), 2018-2023
Offline Bag Market by Retail Format
By Region (Central, West, South, East, And North), 2018-2023
By Type of Material (Leather and Non Leather), 2018-2023
16.1.3. Saudi Arabia Luggage Market Segmentation, 2018-23
By Price Segment (High, Medium and Low), 2018-2023
By Case Type (Hard and Soft), 2018-2023
By Region (Central, North, South, East, and West), 2018-2023
By Sales Channel (Offline and Online), 2018-2023
Offline Sales by Retail Format, 2018-2023
17. Analyst Recommendation
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List of Figure
Figure 1-1: Saudi Arabia Bags and Luggage Market Structure, 2018
Figure 3-1: Value Chain of Saudi Arabia Bags and Luggage Market
Figure 6-1: Saudi Arabia Bags and Luggage Market Size by Revenue in USD Million and Growth Rate in Percentage, 2013-18
Figure 7-1: Saudi Arabia Bags Market Segmentation by Region (Central, West North, South and East) on the Basis of Revenue in Percentage, 2018
Figure 7-2: Saudi Arabia Bags Market Segmentation by Type of Bag (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallets, Other Types of Bags) on the Basis of Revenue in Percentage, 2018
Figure 7-3: Share of Sports Practitioner and Non-Practitioner in Saudi Arabia by Population, 2018
Figure 7-4: Saudi Arabia Handbag Market Segmentation by Type of Handbag (Luxury, Premium, and Economy) by Revenue in Percentage, 2018
Figure 7-5: Saudi Arabia Bags Market Segmentation by Retail Format (EBO, MBO, Local Retailer and Online) by Revenue in Percentage, 2018
Figure 8-1: Saudi Arabia Luggage Market Segmentation by Region (Central, North, South, West and East) by Revenue in Percentage, 2018
Figure 8-2: Population in Percentage of Saudi Arabia by Governorate, 2016
Figure 8-3: Saudi Arabia Luggage Market Segmentation by Price Segment (High, Medium and Low) on the Basis of Revenue in Percentage, 2018
Figure 8-4: Saudi Arabia Luggage Market Segmentation by Case Type (Hard and Soft) by Revenue in Percentage, 2018
Figure 8-5: Saudi Arabia Luggage Market Segmentation by Sales Channel (EBO, MBO, Local Retailer and Online Retailers) by Revenue (in USD Million), 2018
Figure 10-1: Number of Tourist Arrival in Saudi Arabia, 2013-18
Figure 10-2: Distribution of Saudi Population by Age Group, 2018
Figure 10-3: Major Under Construction Infrastructure Projects in Saudi Arabia with Region, Budget, Type of Projects and Expected Year of Completion
Figure 14-1: Preference for Payment Options in the Saudi Arabia E-Commerce Market, 2018
Figure 9-1: Future Projections for Saudi Arabia Bags and Luggage Market Size by Revenue in USD Million with Growth Rate in Percentage, 2018-23
Figure 9-2: Future Projections for Saudi Arabia Bags and Luggage Market Segmentation by Bags and Luggage on the Basis of Revenue in Percentage, 2018-23
Figure 9-3: Saudi Arabia Handbag Market Size by Revenue in USD Million, 2018-23E
Figure 9-4: Saudi Arabia Handbag Market Segmentation by Price Segment (Luxury, Premium and Economy) on the Basis of Revenue in Percentage, 2018-2023
Figure 9-5: Saudi Arabia Bags Market Segmentation by Sales Channel (Online Retail and Offline Retail) by Revenue in Percentage, 2018-23
Figure 9-6: Saudi Arabia Offline Bags Market Segmentation by Retail Format (EBO, MBO and Local Retail) by Revenue in Percentage, 2018-23
Figure 9-7: Saudi Arabia Bags Market Segmentation by Region (Central, North, South, East and West) on the Basis of Revenue in Percentage, 2018-23
Figure 9-8: Future Projections to Saudi Arabia Bags Market Segmentation by Type of Material (Leather and Non Leather) on the Basis of Revenue in Percentage, 2018-23
Figure 9-9: Future Projection for Saudi Arabia Luggage Market Segmentation by Price Segment (High, Medium and Low) on the Basis of Revenue in Percentage, 2018-23
Figure 9-10: Saudi Arabia Luggage Market Segmentation by Case Type (Hard and Soft) on the Basis of Revenue in Percentage, 2018-23
Figure 9-11: Future Projections to Saudi Arabia Luggage Market Segmentation by Region (Central, North, South, East and West) on the Basis of Revenue in Percentage, 2018-23
Figure 9 12: Future projections for Saudi Arabia Luggage Market Segmentation by Sales Channel (Online and offline) on the Basis Revenue in Percentage, 2018-23
Figure 9 13: Future Projections for Saudi Arabia Offline Luggage Market Segmentation by Retail Format (EBO, MBO and Local Retailer) on the Basis of Revenue in Percentage, 2018-23
List of Table
Table 2-1: List of Abbreviations
Table 2-2: Correlation Matrix for Saudi Arabia Bags and Luggage Market
Table 2-3: Regression Coefficients Output for Saudi Arabia Bags and Luggage Market
Table 3-1: Description for Value Chain of Saudi Arabia Bags and Luggage Market
Table 4-1: Overview of Saudi Arabia Fashion Industry
Table 5-1: Major Brands, Types of Bags and Material of Bags in Saudi Arabia Bags and Luggage Market
Table 5-2: Country of Origin for Top 100 Luxury Brands on the Basis of Revenue, 2017
Table 6-1: Rationale and Description of Saudi Arabia Bags and Luggage Market Size on the Basis of Revenue, 2013-18
Table 6-2: Saudi Arabia Bags and Luggage Market Size by Revenue in USD Million, 2018
Table 7-1: Saudi Arabia Bags Market Segmentation by Region (Central, West North, South and East) by Revenue, 2018
Table 7-2: Saudi Arabia Bags Market Segmentation by Region (Central, West North, South and East) by Revenue in USD Million, 2018
Table 7-3: Major Shopping Malls in Saudi Arabia by Regions
Table 7-5: Major Shopping Malls in Riyadh with Major Brands and Type of Brands
Table 7-4: Number of Sport Practitioner (in Thousands) in Saudi Arabia by Region, Nationality and Sex, 2018
Table 7-6: Saudi Arabia Bags Market Segmentation by Type of Bags (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallets, Other Types of Bags) with Rationale and Description, 2018
Table 7-7: Saudi Arabia Bags Market Segmentation by Type of Bags (Backpacks, Business Bags, Cross body Bags, Duffel Bags, Handbags, Wallets, Other Types of Bags) on the basis of Revenue in USD Million, 2018
Table 7-8: Rational and Description for Saudi Arabia Bags Market Segmentation by Type of Handbags (Luxury, Premium, and Economy) on the basis of Revenue, 2018
Table 7-9: Saudi Arabia Handbag Market by Type of Handbag (Luxury, Premium, and Economy) by Revenue (in USD Million), 2018
Table 7-10: Saudi Arabia Bags Market by Retail Format (EBO, MBO, Local Retailer and Online) by Revenue along with Rationale and Description, 2018
Table 7-11: Saudi Arabia Bags Market by Retail Format (EBO, MBO and Local Retailer) by Revenue in USD Million, 2018
Table 8-1: Rationale and Description for Saudi Arabia Luggage Market Segmentation by Region (Central, North, South, West and East) on the basis of Revenue, 2018
Table 8-2: Saudi Arabia Luggage Market Segmentation by Region (Central, North, South, West and East) by Revenue in USD Million, 2018
Table 8-3: Rationale and Description Saudi Arabia Luggage Market Segmentation by Price Segment (High, Medium and Low) on the Basis of Revenue, 2018
Table 8-4: Saudi Arabia Luggage Market Segmentation by Price Range (High, Medium and Low) on the Basis of Revenue in USD Million, 2018
Table 8-5: Rationale and Description for Saudi Arabia Luggage Market Segmentation by Case Type (Hard and Soft) on the Basis of Revenue, 2018
Table 8-6: Saudi Arabia Luggage Market Segmentation by Case Type (Hard and Soft) by Revenue in USD Million, 2018
Table 8-7: Major Type of Case Used in Luggage in Saudi Arabia with Characteristics such as Material Type, Durability, Weight, Price and Colors
Table 8-8: Rationale and Description for Saudi Arabia Luggage Market Segmentation by Sales Channel (EBO, MBO, Local Retailer and Online Retailers) on the Basis of Revenue, 2018
Table 8-9: Saudi Arabia Luggage Market Segmentation by Type of Sales Channel (EBO, MBO, Local Retailer and Online Retailers) by Revenue (in USD Million), 2018
Table 12-1: Major Fashion Bloggers in Saudi Arabia and Number of Instagram Followers in Thousands as on 30th May 2019
Table 13-1: Revenue of Major Players in Luggage and Bags Market (in USD Million), 2018
Table 13-2: Major Bag and Luggage Manufacturers and their Brands
Table 13-3: Cross Comparison of Major Luggage Brands in Saudi Arabia
Table 13-4: Parameters of Profitability of Splash
Table 13-5: List of Splash Retail Stores in Saudi Arabia (As of 10th July 2019)
Table 13-6: Company Profile of LVMH Including Company Overview, USP, Business Strategy, Strength, Weakness, Brands and Saudi Retail Strategy
Table 13-7: Company Profile of Samsonite International S.A including Company Overview, USP, Business Strategy, Strength, Weakness, Brands, Saudi Retail Strategy, Marketing Strategy and Recent Developments
Table 13-8: Company Profile of Nike including Company Overview, USP, Business Strategy, Strength, Weakness, Brands, Saudi Retail Strategy and Marketing Strategy
Table 13-9: Company Profile of Capri Holding including Company Overview, Product Portfolio, USP, Business Strategy, Strength, Weakness, Saudi Retailing Strategy, Operations and Recent Development
Table 14-1: Overview of Saudi Arabia E-Commerce Market
Table 14-2: Cross Comparison of major E-Commerce Websites in Saudi Arabia Bags and Luggage Market
Table 14-3: Saudi Arabia Online Bags and Luggage Market by Revenue in USD Million, 2018
Table 15-1: Porter Five Forces Analysis of Saudi Arabia Bags and Luggage Market
Table 16-1: Strength, Weakness, Opportunities and Threat in Saudi Arabia Bags and Luggage Market
Table 9-1: Rationale and Description for Future Projections to Saudi Arabia Bags and Luggage Market Size by Revenue, 2018-23
Table 9-2: Saudi Arabia Bags and Luggage Market Segmentation by Bags and Luggage by Revenue in USD Million, 2018-2023
Table 9-3: Saudi Arabia Handbag Market Segmentation by Price Segment (Luxury, Premium and Economy) by Revenue in USD Million, 2018-2023
Table 9-4: Saudi Arabia Bags Market Segmentation by Sales Channel (Online Retail and Offline Retail) by Revenue in USD Million, 2018-23
Table 9-5: Saudi Arabia Offline Bags Market Segmentation by Retail Format (EBO, MBO and Local Retail) by Revenue in USD Million, 2018-23
Table 9-6: Saudi Arabia Bags Market Segmentation by Region (Central, North, South, East and West) by Revenue in USD Million, 2018-23
Table 9-7: Key Takeaways for Saudi Arabia Bags Market Segmentation by Type of Material (Leather and Non Leather) on the Basis of Revenue in USD Million, 2018-23
Table 9-8: Saudi Arabia Luggage Market Segmentation by Price Segment (High, Medium and Low) on the Basis of Revenue in USD Million, 2018-23
Table 9-9: Saudi Arabia Luggage Market Segmentation by Case Type (Hard and Soft) on the Basis of Revenue in USD Million, 2018-23
Table 9-10: Future Projections to Saudi Arabia Luggage Market Segmentation by Region (Central, North, South East, and West) on the Basis of Revenue in USD Million, 2018-23
Table 9-11: Future Projections for Saudi Arabia Luggage Market Segmentation by Sales Channel (Offline and Online) on the Basis of Revenue in USD Million, 2018-23
Table 9-12: Key Takeaways for Future Projections for Saudi Arabia Offline Luggage Market Segmentation by Retail Format (EBO, MBO and Local Retailer) on the Basis of Revenue in USD Million, 2018-23
Table 17-1: Analyst Recommendations for Saudi Arabia Bags and Luggage Market
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