Business Travel Backpack Market:
Executive Summary
The global market for business backpack is growing due to the changing nature of occupations. Globalization and booming economy have helped in the expansion of several sectors worldwide. It has opened new areas for development. It has increased purchase power for people living in country side or rural areas, thus encouraging new business expansion possibilities. These factors have influenced organizations to structure themselves to include travel as part of their job role. Since setting up base at remote areas are not possible, travel have become an integral part of the corporate or government jobs.
Travelling has become a part of the job profile for sales, marketing, project or service coordinators. Hence, the rise in business backpack industry. People are looking for a backpack that can provide space for business needs and accommodate travelling accessories as well. Business travel backpacks are coming with separate compartments to fulfill the needs. Ergonomic design for keeping business cards, laptops and travel accessories are well appreciated by business travelers across the world. Materials used like leathers, PU leathers, canvas and others are dominating the market. New designs for Business traveler backpacks are also fashionable, helping in to set new trends for the market.
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The Business Travel backpack market is growing, however, products compromising in design and comfort to make it cheaper is affecting the market growth. It is posing some serious health effects to the travelers sometimes. Awareness regarding designs and comfort through different marketing strategy is helping the customers to choose the products more wisely.
Market key player:
Matein, Samsonite, Wenger (Swissgear), Timbuk2, Osprey, Sierra, JanSport, VF Corporation, ADIDAS, OGIO, Eastpak, F Gear, Targus, Kensington, Belkin International, Xiangxing Group, Elecom, DICOTA, Crumpler, United States Luggage, Sumdex, Golla, Brenthaven, Sanwa, Chrome Industries, FILSON CO, Booq LLC, Cosmus, OIWAS, Ferragamo, Louis Vuitton, Gucci, Prada, Armani, Goldlion, Dunhill, Montblanc, COACH, BottegaVeneta, Septwolves, Winpard, Wanlima, Hermes, Burberry, Tumi, Hugoboss
Segments:
The growth in the global business travel backpack market is promising. However, the market needs a careful study as it involves comfort as one of the main influencing factors. Understanding the segmenting the market by its type and application is very important in developing fruitful strategies. Genuine leather bags, PU leather bags, canvas bags and nylon bags are covered under type segments. Men and women products are covered under the application segments. This segmentation analysis is carefully studied before developing any strategies or making an important decision. Business models are designed accordingly to help in predicting demands and setting up supply chains.
Regional Analysis:
Regional analysis for the market for business travel backpack is crucial. It helps in understanding the job market of a location and business model surrounding the study. Infrastructural setup and industrial growth are backing up the business travel backup market in North America. The European market is also finding growth. Fashionable designs of the backpacks are also contributing to the market growth. Asia Pacific (APAC) market is growing rapidly due to the rising figures for business travel. APAC market is expanded due to the economic growth, which has opened opportunities for the business travel backpack market.
Industry News:
Bellroy has developed a business travel backpack that is water-resistant and expandable. It also provides a side access to the backpack that helps in unloading stuff without going through all the contents in the bag.
Continuous…
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