Market research and development prospects of China’s luggage industry from 2023 to 2028The overall market size of the global luggage industry shows a slow upward trend in single digits. The data in the chart below shows that the global luggage industry’s compound annual growth rate from 2006 to 2019 was 4.24%, reaching its highest global scale of US$153.576 billion in 2019. After 2020, the downward pressure on the economy has increased, and travel consumption scenarios have been severely restricted, resulting in a decline in the market size of the luggage industry. In 2020, the market size fell by 20.02% year-on-year. As the global political and economic environment stabilizes and the international tourism market gradually recovers, the global luggage market is expected to continue to recover. China is the world's largest luggage manufacturing country, and its leading concentration is low, far from the era of stock competition. From the perspective of business model, the luggage industry is mainly divided into three categories: processing manufacturers OEM, professional manufacturers ODM, and brand operators. The Chinese market is mainly dominated by ODM/OEM, with production capacity distributed in Guangdong, Zhejiang, Baigou Town in Hebei Province, and Nantai Town in Liaoning Province. China's luggage manufacturing output has accounted for more than 70% of the world's share. Luggage OEM manufacturing companies are generally small in scale and large in number. Market competition is fierce, independent research and development technology is weak, and differentiated competition has not yet formed. The market size of China's luggage industry ranks first in the world in terms of market growth. Data shows that China's luggage market has a compound annual growth rate of 11.06% from 2006 to 2019, which is nearly three times the global growth rate. In 2019, the domestic market reached its maximum size of US$34.701 billion. In 2020, it fell by 9.88% year-on-year due to the impact of the world economy. China is the world's largest luggage consumer market. According to statistics, the total retail sales of China's luggage industry reached 220 billion yuan in 2019, with the United States ranking second at 209.5 billion yuan. From the perspective of luggage consumer categories, according to the GMV data statistics of China's Tmall and Taobao luggage products in 2020, the transaction volume of women's bags is significantly prominent, followed by backpacks and suitcases. According to statistics, the global sales forecast of various categories from 2021 to 2025 found that the luggage category has the fastest growth rate. The retail sales of luggage in the domestic market have maintained nearly double-digit rapid growth in recent years, with a compound annual growth rate of 11.28% from 2015 to 2019. One of the factors related to the luggage market is travel. The growth rate of China’s luggage market is basically consistent with the growth rate of domestic travelers. With the long-term steady growth of per capita disposable income, people's consumption awareness has undergone great changes. Basic consumption demand has declined, while conscious consumption demand has increased rapidly. The new consumption era has promoted the rapid development of the tourism industry. The number of domestic tourists has continued to maintain double-digit rapid growth since 2007. In 2020, affected by global public health events, the number of tourists showed a cliff-like decline, down 52.05% year-on-year. The performance of luggage sales data precedes the tourism market sentiment data. It is expected that as the domestic and foreign economic environment improves, the release of tourism consumption demand will bring a certain recovery to the luggage market. Consumption consciousness has changed, scene demands have increased, and subdivided categories have developed. As consumers' pursuit of quality of life improves, the luggage industry has broader development space, and customized, personalized and functional luggage will be the mainstream trend in the future. Scenario-based demand has promoted the development of subdivided categories in the luggage industry. The consumption scenarios of the luggage industry include not only travel, but also home luggage, computer luggage, and even the world-wide public health events in 2020 gave birth to the subdivision of medical kits. By category, the luggage market will gradually subdivide and change with the needs of the scene, and will become a consumer product with rigid growth. Young consumers pay more attention to the tonality and fashion of brands. Their pursuit of international brands has declined, and their acceptance of national fashion products has increased significantly. This change in consumption trends has brought development opportunities for domestic luggage products. It is expected that The local luggage market has large room for development, and it will also promote the development of the apparel accessories industry market.

Thank you to all YESHINE friends and customers for visiting and consulting our Canton Fair! YESHINE exhibition has been successfully completed form1st to 5th May. Thanks for all meeting yesterday，it is so busy.   Our booth no is hall17.2J10On May 5, the 135th Canton Fair came to an end. According to data from the Canton Fair Organizing Committee, as of May 4, a total of 246,000 overseas purchasers from 215 countries and regions had participated in the fair offline, an increase of 24.5% over the previous session. The number of overseas purchasers attending the fair reached a record high; online The offline export transaction amounted to US$24.7 billion, an increase of 10.7% over the previous session; the online platform transactions became increasingly active, with the export transaction amounting to US$3.03 billion, an increase of 33.1% over the previous session.According to reports, at this year's Canton Fair, new products, new technologies, new materials, new processes, and new ideas emerged in an endless stream. High-end, intelligent, green, and low-carbon products emerged, which were popular and favored by the international market, demonstrating the "Intelligent Made in China" The hard power has injected new vitality into the development of foreign trade.Based on innovation and qualityOn May 1, the third phase of the 135th Canton Fair opened. With the theme of "Better Life", this phase showcased toys, textiles and other categories of products to help improve people's quality of life and better life experience.From OEM production to the creation of its own brands, China's footwear industry is like a "trendsetter" in the new era as China's light industry accelerates its transformation and upgrading. In the third phase of this Canton Fair, Chinese shoe companies brought many new products and conveyed their new thinking on shoe art."Currently, consumers have higher and higher requirements for the comfort of shoes. The new product series launched by the company takes 'equal emphasis on comfort and fashion' as the core concept, cleverly combines ergonomics and fashion trends, and uses environmentally friendly materials to make casual shoes New shoe products and business shoe series incorporating the latest technological elements are welcomed by buyers," the relevant person in charge of Guangzhou Lornali Trading Co., Ltd. told a reporter from Securities Daily."Innovation and quality are the foundation of enterprise development. In the future, we will continue to adhere to the innovation drive and continuously launch new products in line with market trends. At the same time, we will strengthen cooperation with business partners from various countries and further expand global business." The person in charge said.At this Canton Fair, many exhibiting companies came with "green" to show global buyers the "green secrets" of Chinese products. The application of "green" elements in new products and new technologies has won more praise and recognition for exhibiting companies. Order.

YESHINE Attand Exchange Meeting Between China Supplier and India Buyer in shanghai on 4.26.2024！Shanghai Meeting , China supplier with India Buyer!!! The 2024 Shanghai China-India Plastics Industry Capacity Cooperation Entrepreneurs Matchmaking Meeting was held in Shanghai on April 26. YESHINE is honored to participate in this entrepreneur matching meeting and have more in-depth communication with more Indian plastic entrepreneurs and understand their country's industry needs. The event is jointly sponsored by the All-India Plastics Manufacturing Industry Association, the China Plastics Machinery Industry Association, and Simex International Exhibition Co., Ltd., and is exclusively hosted by Simex International Exhibition Co., Ltd., aiming to provide a two-way platform for bilateral plastics industry traders from China and India. A high-quality, efficient platform for interaction and choice. The scale of this event will reach a record high. The organizers of the conference strongly invite the Indian Plastics Industry Foundation to organize enterprises to join. More than 300 plastic industry entrepreneurs, purchasers and service providers from China, India and the two countries will gather. Chinese entrepreneurs will Seize business opportunities without leaving home and deeply tap the market potential of India and Turkey.This matchmaking conference will continue to use the B2B negotiation and procurement model. The five major industries of injection molding machinery, extrusion machinery, mold processing equipment, plastic machine accessories, chemicals and raw materials will be segmented on-site for "one-to-one" precise matching to promote a win-win situation between supply and demand. The meeting will also introduce in detail the situation of the 2017 Mumbai Plastics Exhibition in India, the Indian plastics market, analyze product demand trends, etc., and arrange more value-added experience service projects for enterprises in the three countries: such as the introduction of the CMEC India Yihui Industrial Park project in Chennai. , foreign trade comprehensive service platform project introduction, organized visits to Ningbo Haitian Industrial Park project and other rich contents.The promulgation and implementation of the national “Belt and Road” strategy and the “Guiding Opinions on Promoting International Cooperation in Production Capacity and Equipment Manufacturing” have provided new opportunities for Chinese companies that want to take advantage of the “Belt and Road” initiative to further make a difference in overseas markets. In order to further accelerate the pace of enterprises' "going global" and promote the implementation of international cooperation projects in production capacity, CMEC Exhibition Company actively promotes a series of activities of "Strengthening International Production Capacity Cooperation" in multiple industry fields, and focuses on new areas such as industrial parks and industrial parks to "strengthen international production capacity cooperation". "Please come in" and "go out" are organically integrated, closely focusing on the new situation of "One Belt and One Road", to achieve in-depth development, innovation-driven and transformation and upgrading, and to build the "China-India Plastics Industry Capacity Cooperation Entrepreneur Matchmaking Meeting" into my country's plastic machine industry The best "springboard" for small and medium-sized enterprises to transform, upgrade and "go global".

Decoding the "new content" of the luggage industry and recreating new productivity through digital intelligenceAt the 135th China Import and Export Fair (hereinafter referred to as the "Canton Fair"), which opened on April 15, one or two overseas buyers could be seen riding "suitcases" through the exhibition hall from time to time. This kind of "suitcase" that can be ridden attracted many overseas buyers to come to the booth to try out the riding experience, which became a wonderful scene of this Canton Fair.At the 4th China International Consumer Goods Expo (hereinafter referred to as the "Consumer Expo"), which opened on April 13, China Luggage brought a smart trolley case that can automatically avoid obstacles and ride in remote control directions; equipped with solar cells , a backpack that can charge digital devices at any time; innovative products that use audio fabrics for backpacks and have dual functions of document bags and backpacks have become the "popular kings" of the exhibition.Whether it is the China International Import Expo or the Consumer Expo, at the two top exhibitions, while "black technology" luggage products attract the attention of buyers, the "invisible" new productivity hidden behind the products plays a huge role, making traditional Luggage companies are brimming with new vitality.Where is the new productivity in the luggage industry? On the journey of high-quality development, how do luggage companies move from "new" to "quality"? Recently, reporters visited a luggage company in China to find out.At the Luggage Cultural and Creative Center, reporters were shown two pieces of luggage fabric. One piece was dark black and had a smooth surface, while the other was dark gray and elastic. He used a utility knife to make several hard cuts on the two pieces of fabric. He saw that the black fabric had been "disemboweled", while the gray fabric had only suffered some "skin trauma" and only a few strips could be seen on the surface. Light scratches."The black one is an ordinary luggage cloth sold on the market, while the gray one is a special super-strong fiber cloth developed by us together with the China Textile and Apparel Industry Federation Product R&D Center. The difference between the two can be seen once you try it." Chinese luggage entrepreneur We are proud to say that today, this special super-strong fiber cloth has been successfully used in some children's schoolbags and adult backpacks launched by the company's luggage. These bags have the functions of being anti-cut, scratch-proof, and flame-retardant, and are like a piece of "protective material." Shield" provides users with a security guarantee.It’s not just a knife-proof school bag. At this year’s Consumer Expo, a new backpack brought by Chinese Enterprise Luggage innovatively uses audio fabrics for backpack production. It is not only breathable, oil-proof, and anti-fouling, It also has the dual properties of a document bag and a backpack. According to reports, “This product has been at the forefront of the luggage field in terms of both materials and functions. It is also an innovative design that has never been seen in the industry. On this product, we can see that luggage has laid out new quality productivity in brand building. , you can also see the vivid display of new productivity in products.”There are many "black technologies" used in Chinese luggage, and these technological innovations are attributed to China Industrial's years of hard work in the field of luggage fabrics."China's luggage industry insists on taking the lead in the manufacturing industry, pays close attention to innovation, reform and incremental breakthroughs, constantly improves the gold content, new content, and intellectual content of products, promotes industrial technological innovation, develops new-quality productivity, and accelerates the construction of excellent products, outstanding brands, and A first-class brand enterprise with leading innovation and modern governance," said the Chinese entrepreneur.Solve the problem of "not resistant to falling" in travel luggageTransformation and upgrading to empower traditional industriesChina's Central Economic Work Conference held at the end of last year singled out the keyword "trendy products" for domestic products among "new consumption growth points" for the first time. Domestic “trendy products” carry people’s yearning for a better life and also demonstrate their confidence in Chinese brands. However, one problem we have to face is that in the luggage industry, especially in the field of travel luggage, there are very few domestic products with excellent quality.In March this year, the Qingdao Municipal Administration for Market Regulation announced the results of quality supervision and sampling inspections of travel luggage products. A total of 20 batches of travel luggage products were randomly inspected, including 3 batches of unqualified products, all of which failed in the oscillation and impact performance items.In October last year, the Fujian Provincial Administration for Market Regulation organized a provincial-level supervision and spot inspection on the quality of travel luggage products. A total of 5 batches of products from 5 e-commerce companies were randomly inspected, of which 2 batches were unqualified, and the unqualified discovery rate was 40%.For domestic consumers, with the increase in travel frequency and family travel, a reliable and high-quality trolley suitcase is a must-have. At this time, can they only choose a foreign brand suitcase that costs nearly 10,000 yuan? Witnessing the absence of domestic high-end suitcase products in the market, Shen Jianxin became more determined in his original intention of making "high-end" and "anti-fall" suitcases."This bag is 9 times as hard as steel, 1/2 the weight of a lithium battery, and has a burning point of 3600 degrees Celsius. It is made of carbon fiber fabric, which is a material for aerospace." Shen Jianxin picked up a carbon fiber suitcase proudly Said, "This is our latest product, which is waterproof, anti-fall and lightweight. I call it the 'Rolls-Royce of China'."The reporter walked into the product testing center of the company's luggage. The staff was testing the luggage using equipment such as luggage walking wear testing machine, tie rod smoothness testing machine, and programmable constant temperature and humidity testing machine. According to reports, before each new product of luggage is launched, the sample must first pass a series of tests, such as not aging, deforming, or cracking in extreme environments of 90 degrees Celsius high temperature and minus 40 degrees Celsius, and being towed at a speed of 5 kilometers per hour. The tires can be driven for 1,000 kilometers without damage, and the tie rod can be pulled up and down 5,000 times without bursting, etc. to ensure the stability of product quality."Product innovation is like mountain climbing, you need to keep climbing to the top." Chinese entrepreneurs said that luggage plans to invest a lot of money in 2024 to introduce the world's leading intelligent production line for aluminum-magnesium alloy trolley cases to China.Extending to the higher end of the value chainFrom creating a famous brand to creating a world brandThe reporter saw at the China Enterprise Luggage Cultural and Creative Center that hundreds of luggage products were neatly placed in an exhibition hall of thousands of square meters. They were divided into men, women and students in terms of applicable groups; business and tourism in terms of performance. , casual; in terms of fabrics, it is divided into aluminum-magnesium alloy, carbon fiber, cowhide, PC, Oxford cloth; in terms of functions, it is divided into anti-knife, electronic weighing, alarm, solar energy, etc., covering almost all the most popular bags on the market today. Types and varieties can meet the needs of different consumer groups.Reporter's NotesChinese brands go global and national confidence leads the futureDuring the reporter’s research on luggage in China, what impressed me most was the company’s chairman’s new confidence in national brands. He told reporters, "Standing at the forefront of building a national brand for luggage, yesterday, we developed and woven luggage fabrics with extremely high visibility and credibility, becoming a large-scale R&D and production base for luggage fabrics in China; today, we are equally confident in creating Develop famous independent brands and national brands in China’s luggage industry and let Chinese brands go global.”As a national brand of luggage in China, its confidence comes from the technological core of independent innovation. A smart trolley case developed and designed by Kailing Luggage has the functions of traveling and riding. It not only frees the user's hands, but also can use the case as an "electric vehicle". A trolley case can carry 150 kilograms, and it can carry people 10 kilometers with just a mobile phone APP remote control, making the journey easier. At the same time, the trolley case also has a discharge function and can be used as a large-capacity power bank through the USB port. The product is interesting and practical, but to realize these functions, for Kailing luggage and even the domestic luggage industry, it is an evolution from 0 to 1. In the research and development of this smart trolley case, Kailing Luggage spent one year and 20 million yuan in order to integrate many electronic and mechanical components into four wheels. In terms of design, Kailing luggage has spared no expense to hire designers from Milan, Italy all year round to integrate world-class fashion concepts and fashion trends into luggage design, laying the foundation for future luggage to go abroad and go global. With an investment of 160 million yuan in 6 years, Kailing luggage relies on fashion, new materials, functionality and smart technology to step into the forefront of the industry.If independent core technology is the cornerstone of a national brand, then what lies behind the technology is the spirit of the Chinese people. With the ambition and passion of national confidence and brand confidence, we will strive to create a national luggage brand that truly belongs to the Chinese people.This is the confidence of Chinese brands and the confidence of Chinese people.