Travel and business bags are considered as one of the convenient goods as it accommodates all the necessary items such as clothes, daily use articles, important documents, electronic gadgets and other essentials while travelling from one place to another. Travel and business bags are manufactured from various types of materials such as jute, textile, coated fabrics and leather. However leather travel and business bags has wider acceptance among the population across the globe.
Leather travel and business bags have superior strength, aesthetic look and up man ship among the high income and middle income group people. The costs of leather travel and business bags depend upon space, style and the type of leather used. Travel and business bags manufacturers, over the years engage upon continuous research and development in order to develop new products of travel and business bags with unique design and quality.
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Richardo Beverly Hills introduced a new product in their travel and business bags portfolio which has a tough and durable exterior and provides superior stain protection and abrasion. Superior compartment of travel and business bags accommodates laptops, important documents, pens, travel documents and other small electronic gadgets.
In order to provide an in-depth analysis of the global travel and business bag market, the travel and business bag market has been classified to provide detailed overview. The global travel and business bags market has been segmented into different product types and by distribution channel. By different product types, the global travel and business bags has been categorized into back packs, duffel bags, business bags, trolley bags and suit cases.
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Trolley bags and duffle bags have occupied a significant position in the travel and business bags market over the years as they are light in weight, well placed with special handles, easy accessible pockets, appropriate for the elderly population and have spinner wheels for easy movement.
The global travel and business bags are further segmented into by distribution channel namely online distribution channel and offline distribution channel. Online distribution channel are experiencing a steady growth rate in travel and business bags market due to rising penetration of smart phones with improved internet facilities over the years and easy convenience among the population.
The global travel and business bags are mainly driven by rise in industrialization, rise in economic standards of the people over the years and increased consciousness towards tourism and fashion among the population across the globe. Rise in income among the consumers coupled with inclination towards proper life style and entertainment enhancements are resulting to the shift in consumer preference towards different brands of travel and business bags. However rise in the number of counterfeit products coupled with rising unorganized sectors over the years are restraining the global travel and business bags market.