According to the authoritative data released, with the end of the epidemic era, the expansion of tourism, changing consumer preferences and increasing disposable income in emerging economies, the size of the luggage market is expected to increase from $174.4 billion in 2024 to $265.6 billion in 2030. The compound annual growth rate (CAGR) for the period from 2024 to 2030 is 7.3%. The business of Jiangxi Qingfeng Luggage Co., Ltd. is also expanding to Central Asia, Europe, North America, the Middle East and other countries with strong development of outbound tourism areas.
In terms of design, in order to cater to the younger consumer market, Jiangxi Qingfeng Luggage Co., Ltd. has created a design team to attract more discerning and younger people with more fashionable and diversified personalized styles, and constantly innovate. In terms of product materials, the company focuses on environmental protection products, sustainability, technical support and changes in the look and feel of products and other factors, and launches bags that are more in line with environmental standards to meet the needs of more regions.
In terms of product features, the face of changing travel preferences, such as consumer demand for a variety of luggage features, including GPS trackers, high security lock, USB connectivity, robust wheels and scalable capacity. Jiangxi Qingfeng Luggage Co., Ltd. brings innovative features of luggage design and technology, such as lightweight materials, built-in charging port and front hidden hook, water cup holder, front opening, TAS customs lock, expansion layer, explosion-proof zipper and other features for travelers to improve convenience, meet the needs of professional and leisure travel needs of multi-functional luggage selection. In terms of quality, Jiangxi Qingfeng Luggage Co., Ltd. provides ABS, PP, PC different materials both lightweight and durable trolley box, can withstand the frequent use of consumers, more inexpensive. Qingfeng Luggage Company's new design changes for luggage have expanded Qingfeng luggage market share.
In the future, Qingfeng luggage will continue to adapt to changes in market demand, continue to innovate, strengthen the brand, expand the market, effectively respond to competition, and meet more global markets
