The Asia Pacific Suitcase And Briefcase Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).
In the corporate world, briefcases are very common because they are necessary for transporting valuables, cash, and critical documents. The increased demand for briefcases is a result of businesspeople's growing demand for them as a chic and practical method of transporting computers and necessary documents. The rise of the sports industry and athletes' increasing use of bags are both contributing to the suitcase business.
The design and functionality of briefcases have evolved to accommodate the needs of modern business travelers, including features like TSA-approved locks, organization compartments, and laptop sleeves. Changes in travel regulations and security measures at airports and other transportation hubs can influence luggage design. For example, rules regarding carry-on size and weight restrictions have led to the development of compact and lightweight suitcase designs.
APAC countries offer many tourist destinations, including historical sites, cultural attractions, and natural beauty. The tourism industry has boomed, with tourists from around the world and within the region traveling by air to explore these destinations. The International Air Transport Association reports that Asia-Pacific airlines saw a 283.1% rise in traffic in March 2023 compared to March 2022, continuing the region's strong momentum following the removal of travel restrictions. The capacity climbed by 161.5%, while the second-highest load factor among the regions—84.5%—rose by 26.8 percentage points. As the Asia Pacific region continues to evolve and grow, so does the market for suitcases and briefcases to meet the diverse needs of consumers and professionals.
The China market dominated the Asia Pacific Suitcase And Briefcase Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,345.7 Million by 2030. The Japan market is registering a CAGR of 6.2% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.6% during (2023 - 2030).
Based on Product Type, the market is segmented into Travel Cases, and Business Cases. Based on Distribution Channel, the market is segmented into Offline Trading, and Online Trading.Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Suitcase And Briefcase Market is Predict to reach $50.7 Billion by 2030, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include VF Corporation, Samsonite International S.A., Hermes International S.A., Kering S.A, Ace Co. Ltd., Bric’s Industria Valigeria Fine SPA, Nike, Inc., LVMH SE, Valigeria Roncato S.p.A., and VIP Industries Limited.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Travel Cases
- Business Cases
By Distribution Channel
- Offline Trading
- Online Trading
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- VF Corporation
- Samsonite International S.A.
- Hermes International S.A.
- Kering S.A
- Ace Co. Ltd.
- Bric’s Industria Valigeria Fine SPA
- Nike, Inc.
- LVMH SE
- Valigeria Roncato S.p.A.
- VIP Industries Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Suitcase And Briefcase Market, by Product Type
1.4.2 Asia Pacific Suitcase And Briefcase Market, by Distribution Channel
1.4.3 Asia Pacific Suitcase And Briefcase Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. Asia Pacific Suitcase And Briefcase Market by Product Type
4.1 Asia Pacific Travel Cases Market by Country
4.2 Asia Pacific Business Cases Market by Country
Chapter 5. Asia Pacific Suitcase And Briefcase Market by Distribution Channel
5.1 Asia Pacific Offline Trading Market by Country
5.2 Asia Pacific Online Trading Market by Country
Chapter 6. Asia Pacific Suitcase And Briefcase Market by Country
6.1 China Suitcase And Briefcase Market
6.1.1 China Suitcase And Briefcase Market by Product Type
6.1.2 China Suitcase And Briefcase Market by Distribution Channel
6.2 Japan Suitcase And Briefcase Market
6.2.1 Japan Suitcase And Briefcase Market by Product Type
6.2.2 Japan Suitcase And Briefcase Market by Distribution Channel
6.3 India Suitcase And Briefcase Market
6.3.1 India Suitcase And Briefcase Market by Product Type
6.3.2 India Suitcase And Briefcase Market by Distribution Channel
6.4 South Korea Suitcase And Briefcase Market
6.4.1 South Korea Suitcase And Briefcase Market by Product Type
6.4.2 South Korea Suitcase And Briefcase Market by Distribution Channel
6.5 Singapore Suitcase And Briefcase Market
6.5.1 Singapore Suitcase And Briefcase Market by Product Type
6.5.2 Singapore Suitcase And Briefcase Market by Distribution Channel
6.6 Malaysia Suitcase And Briefcase Market
6.6.1 Malaysia Suitcase And Briefcase Market by Product Type
6.6.2 Malaysia Suitcase And Briefcase Market by Distribution Channel
6.7 Rest of Asia Pacific Suitcase And Briefcase Market
6.7.1 Rest of Asia Pacific Suitcase And Briefcase Market by Product Type
6.7.2 Rest of Asia Pacific Suitcase And Briefcase Market by Distribution Channel
Chapter 7. Company Profiles
7.1 VF Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 SWOT Analysis
7.2 Samsonite International S.A.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Hermes International S.A.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 SWOT Analysis
7.4 Kering S.A
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 SWOT Analysis
7.5 Ace Co. Ltd.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Bric’s Industria Valigeria Fine SPA
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.3 SWOT Analysis
7.7 Nike, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 SWOT Analysis
7.8 LVMH SE
7.8.1 Company Overview
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Product launches and Product Expansions:
7.8.5 SWOT Analysis
7.9 Valigeria Roncato S.p.A.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. VIP Industries Limited
7.10.1 Company Overview
7.10.2 SWOT Analysis
TABLE 1 Asia Pacific Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Travel Cases Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Travel Cases Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Business Cases Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Business Cases Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Offline Trading Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Offline Trading Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Online Trading Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Online Trading Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Suitcase And Briefcase Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Suitcase And Briefcase Market by Country, 2023 - 2030, USD Million
TABLE 17 China Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 18 China Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 19 China Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 20 China Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 21 China Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 22 China Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 23 Japan Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 24 Japan Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 25 Japan Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 26 Japan Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 27 Japan Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 28 Japan Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 29 India Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 30 India Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 31 India Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 32 India Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 33 India Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 34 India Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 35 South Korea Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 36 South Korea Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 37 South Korea Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 38 South Korea Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 39 South Korea Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 40 South Korea Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 41 Singapore Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 42 Singapore Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 43 Singapore Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 44 Singapore Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 45 Singapore Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 46 Singapore Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 47 Malaysia Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 48 Malaysia Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 49 Malaysia Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 50 Malaysia Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 51 Malaysia Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 52 Malaysia Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 53 Rest of Asia Pacific Suitcase And Briefcase Market, 2019 - 2022, USD Million
TABLE 54 Rest of Asia Pacific Suitcase And Briefcase Market, 2023 - 2030, USD Million
TABLE 55 Rest of Asia Pacific Suitcase And Briefcase Market by Product Type, 2019 - 2022, USD Million
TABLE 56 Rest of Asia Pacific Suitcase And Briefcase Market by Product Type, 2023 - 2030, USD Million
TABLE 57 Rest of Asia Pacific Suitcase And Briefcase Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 58 Rest of Asia Pacific Suitcase And Briefcase Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 59 Key Information – VF Corporation
TABLE 60 Key Information – Samsonite International S.A.
TABLE 61 key information – Hermes International S.A
TABLE 62 Key Information – Kering S.A
TABLE 63 Key Information – Ace Co. Ltd.
TABLE 64 Key Information – Bric’s Industria Valigeria Fine SPA
TABLE 65 Key Information – Nike, Inc.
TABLE 66 key Information – LVMH SE
TABLE 67 Key Information – Valigeria Roncato S.p.A.
TABLE 68 Key Information – VIP Industries Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Suitcase And Briefcase Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Suitcase And Briefcase Market
FIG 4 Porter’s Five Force Analysis: Suitcase And Briefcase Market
FIG 5 Asia Pacific Suitcase And Briefcase Market Share by Product Type, 2022
FIG 6 Asia Pacific Suitcase And Briefcase Market Share by Product Type, 2030
FIG 7 Asia Pacific Suitcase And Briefcase Market by Product Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Suitcase And Briefcase Market Share by Distribution Channel, 2022
FIG 9 Asia Pacific Suitcase And Briefcase Market Share by Distribution Channel, 2030
FIG 10 Asia Pacific Suitcase And Briefcase Market by Distribution Channel, 2019 - 2030, USD Million
FIG 11 Asia Pacific Suitcase And Briefcase Market Share by Country, 2022
FIG 12 Asia Pacific Suitcase And Briefcase Market Share by Country, 2030
FIG 13 Asia Pacific Suitcase And Briefcase Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: VF Corporation
FIG 15 Recent strategies and developments: Samsonite International S.A.
FIG 16 SWOT Analysis: Samsonite International S.A.
FIG 17 SWOT Analysis: Hermes International S.A.
FIG 18 SWOT Analysis: Kering S.A
FIG 19 SWOT Analysis: Ace Co. Ltd.
FIG 20 SWOT Analysis: Bric’s Industria Valigeria Fine SPA
FIG 21 SWOT Analysis: Nike, Inc.
FIG 22 SWOT Analysis: LVMH SE
FIG 23 SWOT Analysis: Valigeria Roncato S.p.A.
FIG 24 SWOT Analysis: VIP Industries Limited