2018 bags industry development present situation analysis Bags per capita expenditure, market concen

China as the world's second largest bags market, boot the fastest growth in the domestic market


Forward-looking industry institute released "2018-2023 China bags manufacturing industry production and marketing demand and investment forecast analysis report shows that global luggage industry demand in emerging markets, the overall scale is gradually increasing, break through $141.3 billion in 2017. Long dominated the first global luggage industry scale, proportion of 21.5% in 2017. China's share of global luggage scale ratio by 13.7% in 2008 to 20.5% in 2017, the second, but the gap is narrowing in the United States; Then to Japan, South Korea, France, Britain, 2017 accounted for 7.1%, 4.6%, 3.3% and 4.6% respectively.


Chart 1:17 years global luggage industry market pattern (unit: %)


From the category structure, bags in 2012-2017 class share is relatively stable, inclined shoulder bag than down more. 2017 business bag, inclined shoulder bag, backpack, market accounted for 23%, 19.8% and 23.6% respectively; Thanks to the travel, business travel increase, luggage as the fastest-growing category, accounted for from 22.1% in 2008 to 22.1% in 2008.


Graph 2: the luggage industry category structure (unit: %)


China's rapidly expanding bags per capita spending, bags spending less than developed countries


Benefit from the residents' income increase, tourism, outdoor and business travel frequency increases, the bags per capita expenditure in the stage of rapid growth in China. According to industry scale (excluding handbag/wallet) and population estimates, China's per capita bags expenditure by 2008 RMB 34.7 yuan rose to 87.8 in 2017, CAGR of 10.9%.


Chart 08-2017 bags per capita spending his (unit: RMB)


Bags spending per capita in China, however, obvious gap compared with foreign, in 2017 the average American bags of 377.9 yuan, Japan up to 22.49 billion yuan, per capita spending is only 23% of that in the United States, 39% in Japan.


Comparison chart 4:20 17 years at home and abroad bags per capita spending (unit: RMB)


From the perspective of the luggage category of the fastest growing in recent years, in 2017 was 23.6 yuan per capita trunk, a is only 6.3% of that in the United States, 19% in Japan, and a far cry from abroad, and the gap is bigger than the gap bags overall, means that the trunk penetration is still in a low level in our country. But from the point of growth, China's per capita suitcase spending compound growth rate of 18.4%, the permeability will be in the stage of rapid ascension.


Luggage per capita spending at home and abroad contrast chart "for 17 years (unit: RMB)


Luggage industry concentration slowly rising in our country, still less developed countries


In recent years, China's luggage industry CR5 and CR10 slowly rising, CR5 in 2017, at a rate of 12.1%, CR10 is up to 16.2%. Such as case products compared with leisure garments have more functional, with the research and design of a certain threshold, stack


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