The global travel bags market is currently witnessing a healthy growth. Travel bags are a type of travel gear that is used by explorers, trekkers, tourists and travelers to carry their clothes and other belongings. Duffel bags, wheeled backpacks, rolling luggage, weekenders, totes, and travel packs are the most common types of travel bags available in the market. The hard-side variants are manufactured using materials such as polypropylene, polycarbonate and acrylonitrile-butadiene-styrene (ABS) and are suitable for carrying electronic gadgets and fragile products. On the other hand, the durable and light-weight soft-side variants are manufactured using nylon, polyester, cotton, leather and vinyl. These travel bags are available in a variety of sizes, patterns and colors and can be customized according to the consumers’ demands.
The growing tourism industry, along with rapid urbanization across the globe, currently represents as one of the key factors driving the growth of the market. Furthermore, consumers are now more inclined to spend on premium and luxury travel bags to keep up with the ever-changing trends. Various product innovations, such as the launch of visually appealing and creative designs, along with eco-friendly variants, are also creating a positive outlook for the market. Consumers are increasingly adopting luggage and travel bags, which are made using natural and organic fabric dyes, organic canvas, recycled leather and other eco-friendly materials. Other factors, including aggressive 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 projected to drive the market further. Looking forward, IMARC Group expects the market to register a CAGR of around 6% during 2020-2025.
IMARC Group provides an analysis of the key trends in each sub-segment of the global travel bags market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, material, luggage type, price range, demography, and distribution channel.
Breakup by Material:
Breakup by Luggage Type:
Breakup by Price Range:
Breakup by Demography:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Delsey SA, Deuter Sport, Fenix Outdoor, Hermès, Kering, Louis Vuitton, Lowe Alpine, LVMH, Osprey, Rimowa, Samsonite, Timbuk2, Victorinox, VIP Industries, etc.
Key Questions Answered in This Report:
The market is experiencing negative growth on account of the surging cases of the coronavirus disease (COVID-19) and travel restrictions imposed by governments of several countries.
The global travel bags market was worth around US$ 17.2 Billion in 2019.
According to the estimates by IMARC Group, the global travel bags market will exhibit moderate growth during the next five years.
In recent years, considerable growth in the travel and tourism industry, along with aggressive promotional activities undertaken by leading players and the increasing popularity of e-commerce websites, represents one of the key factors impelling the market growth.
The introduction of eco-friendly product variants made using natural fabric dyes, organic canvas and recycled leather with innovative designs are acting as a major trend in the market.
Based on the material type, the market has been divided into polyester, fabric, leather and others.
On the basis of the luggage type, the market has been segregated into duffle, trolley and backpacks.
The market has been analyzed on the basis of the price range into the premium, medium and low prices.
Based on the demography, the market has been bifurcated into male and female.
On the basis of the distribution channel, the market has been classified into supermarkets and hypermarkets, specialty stores, factory outlets, online stores, and others.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru and others); and Middle East and Africa (the United Arab Emirates, Turkey, Saudi Arabia, Iran and others).
Leading industry players are Delsey SA, Deuter Sport GmbH, FENIX ??OUTDOOR INTERNATIONAL AG, HERMÈS OF PARIS, Inc., Kering, Louis Vuitton Malletier SAS, Equip Outdoor Technologies UK LTD, Osprey Packs, Inc., RIMOWA GmbH, Samsonite IP Holdings S.AR.L, TIMBUK2, VIP Industries Ltd. and Victorinox AG.
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