Press Release

India Luggage and Bags Market to Surge at a CAGR of Around 14.4% During the Forecast Period

The India luggage and Bags Market is anticipated to grow at a CAGR of about 14.4% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The growing middle class and increasing disposable incomes are fueling the ongoing growth in leisure tourism and further creating demand for luggage products. Furthermore, shifting consumer preferences, urbanization patterns, and the growing e-commerce industry all support market expansion by giving customers more access to a wider selection of goods.

In addition, the market is driven by innovation and diversity due to India's growing fashion consciousness and the country's need for fashionable yet useful bags and baggage. Customers look for goods that express their preferences and style in addition to providing functionality and durability. Many designs, materials, and features have emerged as a result of this trend, appealing to different demographics such as luxury-seekers and budget-conscious visitors.

The India luggage and Bags Market is anticipated to grow at a CAGR of about 14.4% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The growing middle class and increasing disposable incomes are fueling the ongoing growth in leisure tourism and further creating demand for luggage products. Furthermore, shifting consumer preferences, urbanization patterns, and the growing e-commerce industry all support market expansion by giving customers more access to a wider selection of goods.

In addition, the market is driven by innovation and diversity due to India's growing fashion consciousness and the country's need for fashionable yet useful bags and baggage. Customers look for goods that express their preferences and style in addition to providing functionality and durability. Many designs, materials, and features have emerged as a result of this trend, appealing to different demographics such as luxury-seekers and budget-conscious visitors.