The latest report by IMARC Group, titled “Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global travel bags market reached a value of US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2027, exhibiting a CAGR of 6.32% during 2022-2027.
Industry Overview:
Travel bags refer to a type of travel gear that is utilized by explorers, trekkers, tourists, travelers, etc., to carry their clothes and other belongings. Some of the commonly used travel bags are duffel bags, weekenders, wheeled backpacks, rolling luggage, totes, travel packs, etc. The hard-side variants are made using materials, including polypropylene, polycarbonate, acrylonitrile-butadiene-styrene (ABS), etc., and are suitable to carry electronic gadgets and fragile products.
On the other hand, the durable and lightweight soft-side variants are produced by utilizing nylon, polyester, cotton, leather, vinyl, etc. These travel bags are widely available in numerous sizes, patterns, colors., and can be customized according to consumer demand.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Trends:
The expanding tourism sector and the rising urbanization levels across the globe are primarily augmenting the travel bags market. Moreover, the increasing popularity of premium and luxury travel bags is positively influencing the global market. Apart from this, several product innovations, such as the introduction of visually appealing, creative designs, and eco-friendly variants, are acting as significant growth-inducing factors. Furthermore, the widespread adoption of luggage and travel bags by consumers, which are manufactured by using natural and organic fabric dyes, recycled leather, organic canvas, and other eco-friendly materials, is also bolstering the market growth.
Besides this, the growing promotional activities by brands and the development of the online retailing market that provides a hassle-free shopping experience to the customers while displaying a wide range of options to choose from are expected to fuel the travel bags market in the coming years.
Competitive Landscape with Key Players:
- Delsey SA
- Deuter Sport
- Fenix Outdoor
- Hermès
- Kering
- Louis Vuitton
- Lowe Alpine
- LVMH
- Osprey
- Rimowa
- Samsonite
- Timbuk2
- Victorinox
- VIP Industries
Market Segmentation:
Breakup by Material Type:
- Polyester
- Fabric
- Leather
- Others
Breakup by Luggage Type:
- Duffle
- Trolley
- Backpacks
Breakup by Price Range:
- Premium Price
- Medium Price
- Low Price
Breakup by Demography:
- Male
- Female
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Factory Outlets
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Frequently Asked Questions (FAQs):
1. What are the key factors driving the global travel bags market?
Answer: The growing travel and tourism industry, along with the rising demand for visually appealing designs andeco-friendly variants of travel bags, is primarily driving the global travel bags market.
2. What is the breakup of the global travel bags market based on the material type?
Answer: Based on the material type, the global travel bags market can be segmented into polyester, fabric,leather, and others.
3. What is the breakup of the global travel bags market based on the luggage type?
Answer: Based on the luggage type, the global travel bags market has been divided into duffle, trolley, andbackpacks. Among these, duffle bags currently exhibit a clear dominance in the market.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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