According to Euromonitor survey data, the scale of China’s luggage market developed rapidly from 2003 to 2011, with a compound growth rate of 20.34%. Starting in 2018, China’s luggage market has once again entered a period of accelerated growth. In 2019, the market size reached 253 billion yuan, a year-on-year increase of 22.64%. In 2020, affected by the new crown epidemic, residents' willingness to travel will decrease, offline economy is sluggish, and the industry growth rate will be greatly affected. However, we believe that the long-term market space of the luggage industry is vast. With the orderly vaccination of the world, it will gradually come out of the shadow of the epidemic. The industry will continue to maintain steady growth.