Industry News

By the mid-to-late 1990s, the world's luggage manufacturing industry had formed a stable pattern with China as the processing center. According to statistics, as of 2022, my country's luggage production will be 9.92 billion pieces and the demand will be 3.383 billion pieces. For Chinese consumers, luggage companies must pay full attention to differentiated marketing and sweep away the inherent concepts of domestic and foreign consumers. According to statistics, my country's luggage exports are far greater than imports. As of 2022, my country's luggage exports will be 6.591 billion pieces, and the export value will be 239.251 billion yuan. There are many luggage companies in my country, but there are no strong independent brands, which is also a major obstacle for my country's luggage brands to go international. In terms of market share, my country's independent luggage brands have not reached 10%, which has directly led to low profits in the industry. In addition, some processing plants in my country are also doing OEM for foreign luggage brands, which invisibly allows foreign brands to take away most of the profits. With the improvement of consumers' pursuit of quality of life, the luggage industry has a broader development space, and customized, personalized, and functional luggage will be the mainstream trend in the future.