SIC 3161 - Luggage
Establishments primarily engaged in manufacturing luggage of leather or other materials.
Industry trends:
The luggage industry, categorized under NAICS 3161, has been experiencing several qualitative trends reflecting wider societal and economic changes. One significant trend is the increasing consumer preference for smart and tech-integrated luggage. As travelers demand more convenience and connectivity, luggage products featuring GPS tracking, built-in charging ports, and remote control capabilities are gaining popularity.
Another notable trend is the shift towards sustainable materials and eco-friendly manufacturing processes. Consumers are becoming more environmentally conscious, prompting companies to produce luggage made from recycled plastics, biodegradable materials, and other sustainable resources. This aligns with broader global sustainability goals and resonates particularly well with younger demographics.
Customization and personalization have also become critical trends. As consumers look for unique products that reflect their personal style, companies are offering more options for custom colors, patterns, and monogramming services. This trend taps into the growing demand for individuality and exclusivity in consumer goods.
Looking ahead, the luggage industry is expected to see continuous growth driven by the resurgence of global travel post-pandemic. However, challenges such as supply chain disruptions and changing regulatory standards may impact this growth trajectory. Companies must remain agile and responsive to these dynamics by investing in robust supply chains and staying ahead of regulatory changes.
This industry is comprised of:
Attache cases, regardless of material
Bags (luggage), regardless of material
Binocular cases
Boxes, hat: except paper or paperboard
Briefcases, regardless of material
Camera carrying bags, regardless of material
Cases, luggage
Luggage, regardless of material
Musical instrument cases
Sample cases, regardless of material
Satchels, regardless of material
Shoe kits, regardless of material
Suitcases, regardless of material
Traveling bags, regardless of material
Trunks, regardless of material
Valises, regardless of material
Wardrobe bags (luggage)
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