Kids Travel Bags Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192841
  • Format: Electronic (PDF)
  • Number of Pages: 207
  • Author(s): Joshi, Madhavi

Report Overview

The Kids Travel Bags Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.00% during the forecast period (2024-2030).

Kids Travel Bags Market

(Market Size)
$1.2 billion
$2.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.00%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.8 billion
Key Players Samsonite, American Tourister, Trunki, Delsey, Skybags

Market Summary

The kids travel bags market is a specialized segment within the consumer goods industry, focusing on luggage and carry-on solutions specifically designed for children. This market caters to the growing demand for durable, functional, and visually appealing bags that meet the unique needs of young travelers. Products range from small backpacks and duffel bags to wheeled luggage, often featuring popular licensed characters, bright colors, and interactive elements to appeal to both children and their parents. The market is driven by increasing family travel, rising disposable incomes, and a greater emphasis on products that encourage child independence and organization. Manufacturers are continuously innovating in terms of materials, incorporating lightweight yet robust fabrics, enhanced safety features like reflective strips, and ergonomic designs to ensure comfort for children. The competitive landscape is characterized by the presence of both established luggage brands extending their product lines into children's offerings and niche players focusing exclusively on the kids' segment. E-commerce has become a dominant sales channel, providing a wide array of choices and convenience for parents shopping for these products.

Key Highlights

The kids travel bags market is distinguished by several key factors that underscore its dynamic nature. A primary highlight is the significant influence of child preferences on purchasing decisions, driving the integration of licensed characters from major entertainment franchises and customizable options. Sustainability has emerged as a critical trend, with leading brands increasingly utilizing recycled materials and promoting eco-friendly production processes to appeal to environmentally conscious consumers. Another notable aspect is the focus on multifunctionality; many products are designed to serve dual purposes, such as a backpack that can also be used as a carry-on for flights or includes compartments for tech devices. Safety and durability are paramount, leading to innovations in manufacturing that ensure products can withstand rigorous use while incorporating features like GPS tracking in premium models. The market also benefits from robust marketing strategies that leverage social media and influencer partnerships to directly engage with parents. Furthermore, the expansion of product lines to include matching sets for families and accessories represents a strategic move to increase average transaction values and brand loyalty.

Drivers, Opportunities & Restraints

The growth of the kids travel bags market is propelled by several key drivers. A fundamental driver is the consistent rise in global family travel and tourism, which creates a recurring demand for child-specific luggage. Increased parental spending on children's products, supported by higher disposable incomes, allows for investment in premium, feature-rich bags. The desire to foster independence and organizational skills in children from a young age also significantly contributes to market expansion. Opportunities within this market are abundant, particularly in the realm of technological integration. Incorporating smart features such as built-in location trackers, USB charging ports, and interactive elements presents a substantial growth avenue. There is also significant potential in emerging economies where growing middle-class populations are beginning to travel more frequently. The trend towards personalization and customization offers another opportunity for brands to create unique products and command higher price points. However, the market faces notable restraints. Intense competition often leads to price wars, squeezing profit margins for manufacturers. Fluctuations in raw material costs, particularly for specialized plastics and fabrics, can impact production expenses and final pricing. Furthermore, the market is susceptible to changing fashion trends and character licensing agreements, which can quickly make inventory obsolete if not managed adeptly.

Concentration Insights

The concentration of the kids travel bags market reveals a landscape with a mix of global players and specialized regional manufacturers. The market is moderately concentrated, with a handful of well-established luggage brands holding significant market share due to their extensive distribution networks, brand recognition, and diverse product portfolios. Companies like Samsonite, Trunki, and Skip Hop are prominent names that have successfully extended their expertise into the children's segment. Alongside these giants, there is a vibrant ecosystem of smaller, niche companies and direct-to-consumer brands that compete effectively by focusing on innovation, unique designs, superior quality, and strong community engagement through digital marketing. Geographically, manufacturing and key player presence are concentrated in regions with strong supply chain capabilities for textiles and plastics, particularly in Asia Pacific. However, design and branding operations are often centered in North America and Europe, where major marketing decisions and trend forecasting occur. This structure creates a competitive environment where scale provides advantages in cost and distribution, but agility and direct consumer connection allow smaller brands to capture specific market segments and build loyal customer bases.

Type Insights

The kids travel bags market is segmented by type, primarily into backpacks, duffel bags, wheeled luggage, and messenger bags. Backpacks represent a highly popular category due to their versatility for short trips, school outings, and daily use. They are favored for their hands-free convenience and often feature multiple compartments, water bottle holders, and ergonomic straps designed for a child's frame. Duffel bags are another significant segment, appreciated for their spaciousness and ease of packing, making them ideal for sports activities and weekend getaways. Wheeled luggage has seen substantial growth, as it allows children to transport their belongings independently during longer journeys; these products often feature extendable handles and durable inline skate wheels. Designs within this category frequently include ride-on options for younger children, blending functionality with play. Messenger bags, while a smaller segment, cater to older children and teens seeking a more mature style. Across all types, material choice is critical, with polyester and nylon dominating for their durability and water-resistant properties, while premium lines may use ABS hard-shell materials for wheeled luggage to provide maximum protection for contents.

Application Insights

The application of kids travel bags spans several key areas, primarily daily use, travel, and sports activities. For daily use, smaller backpacks and messenger bags are predominant, used for carrying books, snacks, and electronics to school or on outings. These products emphasize organizational features like pencil cases, tablet sleeves, and key clips. The travel application segment is the largest and most dynamic, encompassing everything from carry-on wheeled suitcases for air travel to larger duffel bags for road trips and vacations. Bags designed for travel prioritize durability, storage capacity, and compliance with airline size regulations. Features often include TSA-approved locks, identification tags, and compression straps. The sports application segment is specialized, focusing on bags that can carry equipment like uniforms, cleats, water bottles, and balls. Gym bags and larger duffels with ventilated compartments for wet clothes or shoes are common in this category. Additionally, a growing application is themed or event-specific travel, such as bags designed for sleepovers or camping trips, which often include sleeping bag carriers and other specialized compartments.

Regional Insights

The demand for kids travel bags exhibits distinct characteristics across different global regions. North America represents a mature and highly competitive market, driven by high family travel frequency, strong consumer purchasing power, and a culture that emphasizes branded products. Innovation and character licensing play a significant role in this region. Europe follows a similar pattern, with a strong emphasis on design aesthetics, sustainability, and high-quality materials. Countries like the UK, Germany, and France are key contributors to regional demand. The Asia Pacific region is identified as the fastest-growing market, fueled by a rapidly expanding middle class, increasing urbanization, and a growing propensity for domestic and international travel among families. China and India are particularly significant markets due to their large population bases. Latin America and the Middle East and Africa are emerging regions where market growth is linked to economic development and increasing exposure to global travel trends. However, in these regions, price sensitivity can be higher, and local manufacturers often compete effectively by offering cost-effective solutions.

Company Insights

The competitive landscape of the kids travel bags market features a diverse array of companies ranging from multinational luggage corporations to specialized niche brands. Leading global players such as Samsonite International S.A. leverage their extensive brand equity and distribution networks to offer a wide range of children's luggage under sub-brands like Samsonite Kids. Trunki Ltd. is renowned for its innovative ride-on suitcases that have become iconic in the segment. American brands like Skip Hop (a subsidiary of Carter's, Inc.) and Pottery Barn Kids focus on design, safety, and integration with nursery and child lifestyle products. JetKids by Stokke AS is another innovator, known for its multifunctional travel solutions. Furthermore, companies specializing in licensed merchandise, such as those producing bags featuring characters from Disney, Marvel, or Warner Bros., hold a significant market position. The strategies employed by these companies include continuous product innovation, strategic character licensing agreements, aggressive digital marketing targeting parents, and expansion into untapped geographical markets through both online and brick-and-mortar retail partnerships.

Recent Developments

The kids travel bags market has witnessed several noteworthy developments reflecting evolving consumer demands and technological advancement. A prominent trend is the industry's shift towards sustainability, with major brands launching new product lines made from recycled PET bottles and other eco-friendly materials, responding to growing environmental consciousness among parents. There has been a significant uptick in the incorporation of smart technology; recent product launches include luggage with Bluetooth tracking tiles pre-installed and bags equipped with USB ports for charging devices on the go. The direct-to-consumer sales model has been further solidified, with brands enhancing their e-commerce platforms and utilizing social media channels for targeted advertising and customer engagement. Collaborations and licensing deals with major film studios and entertainment franchises for new character-themed collections continue to be a key strategy to drive sales and remain relevant. Furthermore, companies are investing in enhancing product durability and safety features, such as using antimicrobial fabrics and improving the structural integrity of wheels and handles, based on consumer feedback and quality testing.

Report Segmentation

This comprehensive market research report on the kids travel bags market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation is primarily based on type, categorizing the market into backpacks, duffel bags, wheeled luggage, and other product varieties such as messenger bags. Each type is analyzed for its market dynamics, growth potential, and key consumer preferences. The report further segments the market by application, examining usage across daily use, travel, and sports activities, highlighting the specific features and demand drivers for each application area. A crucial component of the segmentation is the regional analysis, which breaks down the market into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, providing insights into regional trends, growth rates, and competitive landscapes. Additionally, the report includes a segmentation by distribution channel, covering offline retail (specialty stores, department stores) and online retail (e-commerce platforms, company-owned websites). This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand consumer behavior patterns, and formulate targeted strategies.

FAQs

What are the most popular types of kids travel bags?

The most popular types are children's backpacks, duffel bags, and wheeled luggage. Backpacks are favored for daily use and short trips, while wheeled suitcases are preferred for longer travel due to their ease of use for children.

What materials are commonly used in kids luggage?

Common materials include durable polyester and nylon fabrics for soft-sided bags, known for their resistance to wear and tear. For hard-sided wheeled luggage, materials like ABS and polycarbonate are widely used for their impact resistance and lightweight properties.

Which features are most important when choosing a travel bag for a child?

Key features include durability, appropriate size and weight for the child, comfortable straps or handles, functional compartments for organization, and designs that appeal to the child's interests, such as licensed characters or bright colors.

How can I ensure the quality of a kids travel bag?

Look for reinforced stitching, strong zippers from quality manufacturers like YKK, robust material, and positive customer reviews regarding longevity. Warranties offered by reputable brands also serve as an indicator of quality.

Are there kids travel bags designed for specific activities?

Yes, the market offers specialized bags for sports, with compartments for equipment; wheeled bags for air travel that meet cabin size requirements; and smaller backpacks designed specifically for school day trips or sleepovers.

What is the price range for kids travel bags?

The price range is broad, influenced by brand, size, materials, and features. It spans from affordable basic models to premium products with advanced features like smart technology, designer collaborations, or high-end durable materials.

Citius Research has developed a research report titled “Kids Travel Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Kids Travel Bags Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Kids Travel Bags Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Kids Travel Bags Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Kids Travel Bags Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Kids Travel Bags Market
• Research Methodology
• Executive Summary
• Market Dynamics of Kids Travel Bags Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Kids Travel Bags Market
• Cost and Gross Margin Analysis of Kids Travel Bags Market
• Kids Travel Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Kids Travel Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Kids Travel Bags Market Key Stakeholders

Below are the key stakeholders for the Kids Travel Bags Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Kids Travel Bags Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Kids Travel Bags Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Kids Travel Bags Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Kids Travel Bags Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Kids Travel Bags Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Kids Travel Bags Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Kids Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Kids Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Kids Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Kids Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Kids Travel Bags Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Kids Travel Bags Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Kids Travel Bags Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Kids Travel Bags Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Kids Travel Bags Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Kids Travel Bags Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Kids Travel Bags Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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