The global luggage market is booming more than any other year. With the pandemic over and people trying to travel as much as they can, this is a great opportunity to tap into the market as a reseller.
More than occasional travelers, the market is driven by rising international travel, shifting consumer preferences, and innovation in product design and technology. This includes all types of clients and travelers worldwide.
- People who travel for business.
- Some trying to enjoy the culture and go for holidays or well-deserved vacations.
- Occasional travelers trying to explore a few places.
- Or people who need to travel because of responsibilities and recurring appointments in more than one location.
The reason or exact buyer for the luggage items does not matter. What you care about is how they are there and bring great options to make and maximize profits.
Liquidation pallets featuring premium brands like Samsonite, Travelpro, and assorted travel surplus offer resellers and retailers a lucrative opportunity. You can work on categorizing and determining benefits to capitalize on this growing market. All thanks to acquiring high-quality luggage inventory at discounted prices.
What you need to consider whatsoever is that the reason behind this working lies in bulk purchases. You profit thanks to the liquidation design, how bulk purchasing works, and the way you can access more for less investment.
Market Overview and Growth Drivers
Is it important to know trends and growth drivers?
While it isn’t mandatory, they give you a great perspective on how your business is also growing. As long as you have these drivers or more add to the market, you can invest in surplus confidently.
This is why at Coastal Surplus Solutions, we make certain emphasis in them. some of the most important are:
- Increasing Travel and Tourism. As international and domestic travel rebounds post-pandemic, demand grows for luggage items. This is particularly true for brand pieces and suitcases.
- Consumer Preference Shift. There is growing interest in versatile travel bags. This includes backpacks, duffels, and lightweight carry-ons, alongside traditional suitcases.
- Technological Innovation. Smart luggage featuring GPS tracking, anti-theft features, and USB charging ports is gaining popularity. This boosts another side of the market and offers more profit options.
- Sustainability Trends. Eco-friendly materials and sustainable manufacturing processes are everywhere. They are increasingly influencing buying decisions, and the way luggage equipment or options are acquired is not an exception.
Resale Strategies for Luggage Liquidation Inventory
With items from suitcases to handbags and accessories, the question you think about is: how do I sell them?
This is more of a target audience or customer base, so you want to pay attention to the options and build a strategy from there.
In our experience, sticking to these steps always helps maximize profits:
- Target Diverse Customer Segments.
- Leverage Multi-Channel Sales.
- Emphasize Product Features and Brand Value.
- Bundle and Upsell.
- Address Sustainability and Consumer Trends.
According to the Small Business Bureau, there is an increase in eco-conscious buyers. This means that by being a surplus seller, you have a great advantage in connecting with consumers.
Take this opportunity and boost your profits thanks to the recurring trend around the circular economy.
Feel free to contact us if you need help to approach it and accessing luggage liquidation pallets. All of them with top options like Samsonite or even Travelpro.
