diwali personal favourite pic 4: vip ind my thesis is In BHARAT, THE tourism HAS TO to pick pace and this a proxy play in the same segment
healthy time and price correction seemingly completes .
India’s organized luggage market reached an estimated ₹4,450 crore in retail value during CY 2024–25, expanding at a robust 9.6% CAGR
over the past five years and accounting for roughly 12 million units sold annually.
Modern retail outlets and branded stores command around 65% of sales, while e-commerce contributes 20% and traditional/unorganized channels .
the remaining 15%. Hard-shell suitcases lead the category with a 52% share, followed by soft-side trolleys at 28%, backpacks and duffels at 15%, and travel accessories at 5%.
At the forefront of the market, VIP Industries holds a 32% revenue share, underpinned by its extensive distribution network,
while Safari Industries occupies the second spot with an 18% share by focusing on the value segment. American Tourister, part of the Samsonite Group, captures 15% of the market, and Samsonite itself secures 10% by positioning in the premium segment.
Youth-oriented Skybags accounts for 7%, and a diverse set of domestic players—including Wildcraft and Carlton—make up the remaining 18%. In terms of pricing, 45% of units are sold in the economy segment (under ₹2,000), 40% in the mid-range (₹2,000–5,000), and 15% in the premium bracket (above ₹5,000). Looking ahead,
the market is projected to reach nearly ₹6,300 crore by CY 2028 at a faster 10.5% CAGR, driven largely by premium and “smart” luggage innovations such as ABS-PC blends and RFID-enabled locks, as well as the continued growth of e-commerce and omnichannel retail strategies.
