The global luggage & travel bags market is anticipated to grow at a substantial CAGR of 6.4% during the forecast period. The market is set to display impressive growth owing to the increasing urbanization along with development of airport infrastructure and tourist destinations globally, and rising income level of the population in major economies along with lifestyle changes. The significant growth in travel and tourism sector is another factor for the market growth. The major players operating in luggage & travel bags industry are now focusing on designing of smart bags with multiple features such as internet connectivity, RFID pockets, and USB connection among others. to attract customers, this factor is further supporting the growth of the market. Consumers in major economies are investing more on luxury and premium quality products which is motivating the manufacturers to focus on better design and development of innovative products made up of environmentally friendly materials. For instance, Horizn Studios launched Circle One, a sustainable piece of luggage, realized with 100.0% plant-based materials and designed to be repaired.
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The global luggage & travel bags market is segmented based on product type and material type. Based on product type, the market is sub-segmented into duffle, trolleys, and backpacks. Bagpacks held major market share based on product type. On the basis of material type, the market is sub-segmented into polyester, fabric, leather, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Luggage & Travel Bags Market, By Product Type
- Duffle
- Trolley
- Backpacks
Global Luggage & Travel Bags Market, By Material Type
- Polyester
- Fabric
- Leather
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Ace Co. Ltd.
- Adidas AG
- Delsey SA.
- Deuter Sport GmbH
- Fenix Outdoor International AG
- Lowe Alpine Co.
- London Luggage Co.
- LVMH Group
- Nike Inc.
- Osprey Europe Ltd.
- Rimowa GmbH
- Samsonite International S.A.
- Travelpro Products, Inc.,
- United States Luggage Co, LLC
- Victorinox Co.
- VIP Industries Ltd.
The Report Covers
- Comprehensive research methodology of the global luggage & travel bags market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global Luggage & travel bags market.
- Insights about market determinants that are stimulating the global luggage & travel bags market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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