Current Development Status of China's Trolley Box Industry Market in 2023

What is the market situation in the trolley box industry? The Chinese luggage industry has experienced rapid development in the past 20 years. Currently, China's luggage production accounts for over 50% of the world's total production, and its exports account for over 33% of the world's exports. It is the world's largest producer and exporter of luggage. In recent years, with the rapid development of the national economy and the increasing prosperity of people's lives, official travel and outings have become increasingly frequent, and luggage has become an indispensable consumer goods in people's daily lives.

The entire luggage industry is located in the textile and clothing industry. As a pillar industry of the national economy, China's textile and clothing industry is facing a favorable policy environment, which further promotes the upgrading of the luggage industry and the further expansion of market space.

E-commerce has revolutionized the business model and business model of luggage enterprises. The luggage industry platform provides services such as wholesale, online store sales, and individual customization, promoting the rapid growth of luggage online sales. In addition, B2C platforms such as Taobao enable enterprises to better connect with the C-end, improve sales and profit margins.

China is the world's largest producer and consumer of luggage, accounting for about one-third of the global production of luggage. With the recovery of the international economy, the export value of luggage is expected to further increase.

With the growth of domestic travel volume, it still maintains a growth trend. Compared to the mature suitcase markets in Japan, the United States, and Europe, the Chinese suitcase industry is still developing continuously, with certain differences. The population growth in Japan, the United States, and Europe is slow, and the economic level is high. The market for luggage has become saturated, entering the stock market. Consumption is mainly replaced by product updates, with small consumption scale, high quality requirements, and high brand concentration. The size of China's travel box market is relatively large, and the demand becomes more diversified with different levels of regional economic development.

According to the statistical analysis of the "2022-2027 China Trolley Case Industry Market Panoramic Survey and Investment Value Evaluation Research Report" published by China Research Puhua Industry Research Institute:

Deep Analysis of the Trolley Box Industry Market

Luggage compartments can also be divided into hard shell and soft shell compartments based on their outer shell. Hard shell luggage is more resistant to falling and is suitable for luggage that requires more protection. Soft shell suitcases are usually lighter in weight than hard shell suitcases and have more elastic capacity. However, the zipper position of a soft shell suitcase is more likely to explode due to too many objects inside.

The size of luggage on the market is generally based on the size regulations of the carrier (hand luggage) and check-in box (cabin luggage) of the airline (International Air Transport Association). For example, Cathay Pacific stipulates that the maximum size of each piece of cabin luggage must be less than 158 centimeters, while the maximum size of each piece of hand luggage must be less than 56x36x23 centimeters.

The consumption of suitcases is most significantly driven by the domestic tourism craze, and consumers generally determine the size of their suitcases based on the season and length of their itinerary. Due to the improvement of manufacturing technology and the unique design, the value of high-quality, stylish, and uniquely designed suitcases has also fallen behind that of ordinary suitcases.

As is well known, in terms of product design and brand building, Chinese trolley box companies are well-known among European and American powers