help finding market size of luggage sales

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ellenb

posts: 4

Aug 26, 2008 7:33 PM ET Quote Report Abuse

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Trying to determine market size before diving in financially. How can I get recent public data on the size of the luggage industry? Specifically how much luggage is sold in a year.

EngineersCanSell

posts: 163

Aug 27, 2008 7:52 AM ET Quote Report Abuse

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Search Google on "size of luggage business market" lots of reports out there.

ellenb

posts: 4

Aug 27, 2008 10:09 AM ET Quote Report Abuse

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Thanks Eric,

The problem is that Google search turns up info on reports that are thousands of dollars. I am not able to find just this aggregate number without spending a lot of money up front. Any other specific places for this market size data that are free? (that`s what I meant when I said public).

thanks, Ellen

Nancy11

posts: 1

Aug 27, 2008 11:22 AM ET Quote Report Abuse

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Ellen, Try the Travel Good Assn, at www.travel-goods.org. On the home page they have a link to their (free) 2007 study of the size of the luggage/bag industry. - Nancy

ellenb

posts: 4

Aug 27, 2008 11:50 AM ET Quote Report Abuse

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Thanks SO much, Nancy!!

Rowallan

posts: 2

Aug 27, 2008 1:19 PM ET Quote Report Abuse

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Hi,

The Travel Goods Association is a good source of info. The sale of Travel Goods is about 22 billion a year...but that number includes a number of categories.

What are you interested in doing. I am in the same industry and would love to share info.

ellenb

posts: 4

Aug 27, 2008 1:56 PM ET Quote Report Abuse

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Rowallan,

Thanks for the exchange. I did look at that Travel Goods Association report and was shocked to see it list that the average retail price for luggage (not backpacks or totes, etc.) was around $20. It made me wonder if I am misinterpreting all the data in that report.

I am evaluating a business idea which I believe would be a subset of the number of pieces of luggage sold in a year. I am not yet at liberty to say what the product is. If you have any other advice or understanding of why that retail luggage price seems so off I would love to hear. - Ellen

infinique1

posts: 178

Jul 19, 2010 12:09 AM ET Quote Report Abuse

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You should use Adwords to find out the demand and the number of searches worldwide.

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help finding market size of luggage sales

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