Domestic technical textiles Industry Segment-wise consumption of ...

The size of the soft luggage industry in India today is estimated as Rs 1080 crore. The soft luggage
industry in India is expected to grow at a rate of around 25% to reach a size of over Rs 3300 crore by
2012-13. Higher growth is expected from the unorganised sector as compared to the organised in the
initial 2-3 years due to the high price differential. Later, the quality conscious customers will switch
from the unorganised to the organised segment.
Key manufacturers
Market size for soft luggage 2007-08 2012-13
Value Rs 1,080 crore Rs 3,300 crore
Quantity of Technical Textile 12.5 million sq m 38 million sq m
Value of Technical Textile Rs 160 crore Rs 500 crore
Source: Industry survey, IMaCS Analysis
Manufacturer Year Quantity Value*
Price
Installed
(million pieces) (Rs crore) (Rs per unit) capacity
VIP industries 2007-08 NA 552 NA NA
Universal Luggage 2006-07 NA 77.40 NA NA
Safari Industries 2007-08 NA 62.45 NA NA
Source: Capitaline, Company Annual Reports, Company websites, Industry Survey
*These are Net Sales figures which includes hard luggage and other goods as well.
Universal luggage (Aristocrat) has now been amalgamated with VIP
Soft goods market is highly unorganised. In the organised segment, the leading players are VIP,
Samsonite and Safari. VIP’s portfolio of brands includes V.I.P., Aristocrat, Alfa, Skybags and Delsey.
During the fiscal year ended March 31, 2008, Aristocrat Luggage Limited and Quality Plastics
Limited were amalgamated with the company. In the organised sector, VIP is the market leader with
almost 60% of the market share whereas Samsonite leads in the premium segment. Samsonite’s global
revenues in the year 2006-2007 were US$ 1,070 million, out of which 7% were from India. More than
the competition amongst each other like VIP, Samsonite, Safari face bigger competition from
unorganised players due to cost advantage.
Imports & Exports of soft luggage
The estimated import figures for soft luggage are as given below:-