The luggage industry is an important part of the travel business. It provides products for a variety of needs, from traveling by car to airplane, and even taking a vacation in a hotel.
In the late 1990s, the luggage industry was experiencing a decline due to a number of factors. Leather luggage was in particular trouble. The Census Bureau reported 230 establishments devoted to leather luggage manufacturing in 2002, down from 278 in 1997.
Another factor was the cost of raw materials. Prices for basic commodities had risen during that period, which created problems for many manufacturers.
As a result, companies in the luggage industry were looking for ways to cut costs. In some cases, they began using cheaper materials or importing components from other countries.
Alternatively, they used more durable materials such as polycarbonate. Some companies also use plastic handles and wheels manufactured from polyurethane.
The luggage industry is very competitive and there are several big players in the market. These include Samsonite, Lark, Lacoste, American Tourister and Trunk & Co.
There are also a number of smaller niche-market players in the luggage industry. These companies may be able to provide a specific service that a large company can’t, but they may not have the distribution networks of a big name.
The luggage industry is a major source of employment in many countries and has been a boon to the economy. As with other industries, a strong economy drives the industry’s growth. Nevertheless, the industry is in danger of losing jobs as consumers look for better quality and lower prices.
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