Market Size Matters: you can't plan a strategy, start a business, or make an investment without understanding key facts about the Luggage Manufacturing industry. Find the information you need to help make the right decisions.
The Report on Luggage Manufacturing contains key information used by Marketing Departments in many of the Fortune 1,000 companies and beyond. The report helps identify industry changes, trends, key players, and growth opportunities.
|Standard Report||Premium Report|
|Current State of the Industry|
|Market Size (historical trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2016 Market Research Report on Luggage Manufacturing Industry
Current Research on the Luggage Manufacturing IndustryNo longer simply hard-sided gray suitcases, the luggage industry must maintain a focus on innovation and design while competing against lower cost foreign manufacturers and a fickle tourism industry.
The luggage manufacturing industry is highly diversified, encompassing products from computer bags and business carry-ons to backpacks and golfbags. The U.S. market is dominated by foreign imports, and U.S. manufacturers must compete with these lower cost competitors. Much of the market’s performance is driven by consumer segments that have experienced significant slumps in the last several years.
This section provides answers to fundamental and critical questions about the industry:
- What is the total market size ($ millions)?
- What is the Luggage Manufacturing industry outlook?
- Has the market grown or declined?
- What is the market growth rate?
- Are long term forecasts positive or negative?
- What is the industry size and average company size?
- How many companies are in the industry?
Market Size StatisticsThe total U.S. market size for the Luggage Manufacturing industry: statistics cover all companies, both public and private. In addition to total revenue, the industry research provides details on employees, companies, and average firm size in the sector. Use this market information to research and analyze growth rates and the Luggage Manufacturing industry trends and market outlook based on quantitative research and economic data.
|Statistics||2010 2011 2012 2013 2014 2015|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
Market Forecast - Luggage Manufacturing[PREMIUM]Market forecasts show the long term industry outlook & Luggage Manufacturing future growth trends. The following five-year forecast utilizes advanced econometric techniques that project both short-term and long-term market growth outlook. The industry outlook can be used to set a strategy applicable to economic realities.
|Forecast / Industry Outlook||2016||2017||2018||2019||2020|
|Market Forecast ($ millions)|
Suitcases/briefcases/garment bags, leather/textile/vinyl/plastic
Travel bags, excluding suitcases
Garment bags (suit bags)
Sports bags, inc. for a particular sport/general purpose gym bag.
Business cases (including attaches, briefcases, and portfolios)
Luggage, all other types
Luggage, nsk, total
Luggage, nsk, for nonadministrative-record establishments
Luggage, nsk, for administrative-record establishments
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of an "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio Analysis - Luggage ManufacturingFinancial ratio information can be used to compare how a company in the industry is performing relative to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios - Luggage Manufacturing||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Luggage Manufacturing industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Luggage Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios - Luggage Manufacturing||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||2%|
|Office and Administrative Support Occupations||13%|
|Textile, Apparel, and Furnishings Workers||44%|
|Sewing Machine Operators||24%|
|Sewing Machine Operators||24%|
|Shoe and Leather Workers||18%|
|Shoe and Leather Workers and Repairers||17%|
|Other Production Occupations||12%|
|Miscellaneous Production Workers||6%|
|Transportation and Material Moving Occupations||6%|
|Material Moving Workers||5%|
Companies in Luggage Manufacturing and Similar Industries[PREMIUM]Luggage Manufacturing market research identifies top companies with the largest estimated market share. Information includes corporate earnings and public company ticker symbols where available.
Public Luggage Manufacturing Company NewsWeb scan for recent news about public companies. Luggage Manufacturing market research on key company news, and Luggage Manufacturing statistics.
The market size analysis identifies the overall sales data within the industry. Statistics break down facts about companies within the market.
Government Contracts Related to Luggage ManufacturingIn 2014, the federal government spent a total of $305,235 on Luggage Manufacturing. It has awarded 4 contracts to 3 companies, with an average value of $101,745 per company.
Top government vendors:
|Company||Federal Contracts||Total Award Amount|
Segments classified within this market research reportThis market research report includes companies whose primary business is any of the following:
Shanks, shoe, leather, manufacturing, Corners, luggage, Boxes, Pegs, leather shoe, Heels, boot and shoe, Boot and shoe cut stock and findings, Personal leather goods (e.g., coin purses, eyeglass cases, key cases), small, Safety belts, Bows, Top lifts, Cases, jewelry (except metal), Trunks (i.e., luggage), all materials, Lifts, heel, Cigar cases (except metal) manufacturing, Toilet kits and cases (except metal) manufacturing, Comb cases (except metal) manufacturing, Sewing cases (except metal) manufacturing, Jackets, welder's, Rands (i.e., shoe cut stock), Watch bands (except metal) manufacturing, Counters (i.e., Findings, Handles (e.g., whip), Uppers (i.e., Crops, riding, Purses (except precious metal), men's, Box toes (i.e., Textile leathers (e.g., apron picker leather, mill strapping) manufacturing, Vamps, Cosmetic bags (except metal) manufacturing, Inner soles, Taps, Laces (e.g., shoe), Compacts, solid leather, Musical instrument cases, Welders' jackets, leggings, and sleeves, Leggings, Riding crops manufacturing, Belt laces, Desk sets, Shoe soles, Briefcases, Stays, Whips, horse, Suitcases, Welders' aprons, Novelties, leather (e.g., cigarette lighter covers, key fobs), Tobacco pouches (except metal) manufacturing, Belts, leather safety, Harnesses, dog, Luggage, Horse boots and muzzles manufacturing, Blacksmith's aprons, Transmission belting, Harnesses and harness parts, Clasps, shoe (leather), Tips, Heel lifts, Aprons, blacksmith's, welder's), Trimmings, Caps, heel and toe, Feed bags for horses manufacturing, Camera carrying bags, Leather goods, small personal (e.g., Lashes (i.e., whips) manufacturing, Sleeves, Seatbelts, Handbags (except metal), Spats, Saddles and parts, Bags (i.e., Cut stock for boots and shoes manufacturing, Bags, athletic, Collars and collar pads (i.e., harness) manufacturing, Sample cases, Toe caps, Belting for machinery, Binocular cases manufacturing, Shoe kits (i.e., cases), Mill strapping for textile mills, Tongues, Leather belting manufacturing, Wallets (except metal) manufacturing, Heel caps, leather or metal, Dog furnishings (e.g., collars, harnesses, leashes, muzzles), Eyeglass cases, Traveling bags, Linings, Cigarette cases (except metal) manufacturing, Coin purses (except metal) manufacturing, Leather welting manufacturing, Valises, Attache cases, Collars, Aprons for textile machinery, Soles, Straps, watch (except metal), Leashes, Wardrobe bags (i.e., luggage) manufacturing, Whipstocks manufacturing, Leather luggage manufacturing, Satchels, Vanity cases, musical instrument, Card cases (except metal) manufacturing, Holsters, Leather cut stock for shoe and boot manufacturing, Key cases (except metal) manufacturing, hat (except paper or paperboard), Billfolds, Checkbook covers, (except metal), Razor strops manufacturing, Quarters (i.e., etc.