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Headline : How has Safari stolen the market share from VIP in the last 3 years

Read more from the original article on here at tradebrains.in.





Tags : #safari #stolen #market #share #vip #last #3 #years


No. of Paragraph 38

by Trade Brains | Jul 27, 2024 | Case Study, Financials, Stocks | 3 comments

“Bags packed, dreams soaring high, India’s luggage market takes to the sky”.

Over the last decade travel has seen a boom. Especially, after COVID the travel sector has seen a massive surge that has inherently contributed to the rise in demand for Luggage and Trolley bags. Today we will be discussing one such company which stood out in the race and took over the market share of the behemoth of Luggage and Accessories market, VIP Industries. Going ahead we will be discussing Safari Industries.

The Luggage & Bags market in India is on an upward trajectory, with revenue set to hit US$15.04 billion in 2024 and a projected CAGR of 5.21% through 2028. This surge is fueled by India’s burgeoning middle class and their growing wanderlust, driving demand for premium travel gear. While non-luxury items are expected to dominate in 2024, the industry is ripe for expansion across all segments.

Read more from the original article on here at tradebrains.in.


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