School Bag Trends and Forecast
The future of the global school bag market looks promising with opportunities in the offline and online markets. The global school bag market is expected to grow with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing student enrollment rate and ongoing global governmental initiatives to promote universal education for all children.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
School Bag by Segment
The study includes a forecast for the global school bag by fabric, distribution channel, and region.
School Bag Market by Fabric [Shipment Analysis by Value from 2018 to 2030]:
• Canvas
• Polyesters
• Nylon
• Leather
• Others
School Bag Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Offline
• Online
School Bag Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of School Bag Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies school bag companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the school bag companies profiled in this report include-
• Nike
• Puma
• Delsey
• Targus
• VIP Industries
• Belmil
• Herschel Supply
School Bag Market Insights
Lucintel forecasts that polyesters is expected to witness the highest growth over the forecast period due to greater material strength in comparison to other fabrics.
Within this market, online is expected to witness the higher growth due to increasing penetration of e-commerce along with the growing impact of social media on consumer buying choices.
APAC will remain the largest region over the forecast period due to rising number of school going children in the region.
Features of the Global School Bag Market
Market Size Estimates: School bag market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: School bag market size by fabric, distribution channel, and region in terms of value ($B).
Regional Analysis: School bag market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different fabrics, distribution channels, and regions for the school bag market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the school bag market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for school bag market?
Answer: The global school bag market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the school bag market?
Answer: The major drivers for this market are increasing student enrollment rate and ongoing global governmental initiatives to promote universal education for all children.
Q3. What are the major segments for school bag market?
Answer: The future of the school bag market looks promising with opportunities in the offline and online markets.
Q4. Who are the key school bag market companies?
Answer: Some of the key school bag companies are as follows:
• Nike
• Puma
• Delsey
• Targus
• VIP Industries
• Belmil
• Herschel Supply
Q5. Which school bag market segment will be the largest in future?
Answer: Lucintel forecasts that polyesters is expected to witness the highest growth over the forecast period due to greater material strength in comparison to other fabrics.
Q6. In school bag market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising number of school going children in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the school bag market by fabric (canvas, polyesters, nylon, leather, and others), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to School Bag Market, School Bag Market Size, School Bag Market Growth, School Bag Market Analysis, School Bag Market Report, School Bag Market Share, School Bag Market Trends, School Bag Market Forecast, School Bag Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.