After 26 years of rapid development, China's luggage and bag industry has accounted for more than 70% of the global market share so far. Dominating the global market, China's luggage and bag industry is not only a global manufacturing center but also a large consumer market, with annual sales of Chinese luggage products reaching 500 billion yuan. An analysis of the current situation of China's luggage and bag industry shows that it is facing challenges. Under the impact of factors such as labor shortage, rising raw material prices, RMB appreciation and accelerated industrial transfer, it has not only brought many unstable factors to the domestic and foreign sales of the luggage industry but also put the survival and development of the luggage exhibition industry in an awkward position, indicating that the era of major reshuffling of China's luggage exhibition industry has arrived.
With the development of the luggage manufacturing industry, exhibitions of China's luggage industry have sprung up. In addition to the mainstream exhibitions in major cities such as Hong Kong, Guangzhou, Shanghai and Beijing, luggage industry exhibitions in major industrial bases emerge one after another. The relatively large-scale and mature ones are held in Jinjiang, Wenzhou, Dongguan, Chengdu and other places.
Since the 21st century, an increasing number of Chinese enterprises have participated in and visited luggage exhibitions at home and abroad, with a large number of Chinese enterprises attending almost every exhibition every quarter. The appearance of numerous enterprises at domestic and foreign exhibitions has played a very important role in promoting the production and trade of China's luggage and bag industry.
With the arrival of the era of industrial readjustment and major reshuffling of China's luggage and bag industry. According to the 2020-2025 China Luggage Industry Market Research Report released by China Report Hall, a new industrial pattern is taking shape in China's luggage and bag industry. The factors affecting the transfer of these traditional labor-intensive industries mainly depend on the costs of land, labor, market logistics and the supporting facilities of the upstream, midstream and downstream industries, among which land and labor are direct factors. Faced with the incoming major industry reshuffling, whether to shrink back, close down, or cultivate internal strength, explore and innovate, rise to the challenge, seize the development opportunities of industrial adjustment, and carry out a new round of great development are the two paths lying ahead of businesses.
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