11 months ago
India's Luggage Market Projected to Reach ₹267 Billion by 2028
Imagine a report saying the market for suitcases and bags in India is going to get much bigger!
The market is expected to grow a lot, reaching a large value by 2028.
People are buying more luggage because they are traveling more, both by air and train.
Also, more people are buying better-quality, branded luggage.
Weddings are also a big reason, because people buy luggage as gifts or for destination weddings.
Brands like VIP, Samsonite, and Safari are popular, especially the branded products.
The Indian luggage market is projected to reach ₹267 billion by 2028.
The market experienced a 37% CAGR between CY20 and CY23.
Increasing travel and passenger traffic correlate with rising luggage sales.
Consumers are shifting toward branded and durable luggage.
Weddings significantly increase luggage demand in India.
- Who
- Motilal Oswal Financial Services
- What
- Report projects growth in India's luggage market
- Where
- India
- When
- By Calendar Year (CY) 2028
- Why
- Due to increased travel, rising incomes, and the growth of the branded luggage segment.
Consumer Trends
Market Dynamics
Branded vs. Unbranded
Consumer Trends
Shift towards branded products is accelerating.
Market Dynamics
The shift is supported by innovation and e-commerce expansion.
Key facts
- Projected Market Value (2028)
- ₹267 billion
- Market Value (CY24)
- ₹170 billion
- Estimated Growth Rate (CY20-CY23)
- 37%
- Current Branded Market Share
- 52%
- Key Brands
- VIP, Samsonite, Safari
