The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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 reached a value of US$ 19.7 Billion in 2020.
According to the estimates by IMARC Group, the global travel bags market is expected to 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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