The global travel bag market was valued at $15,045 million in 2016, and is projected to reach $24,027 million in 2023, growing at a CAGR of 7.1%. The substantial boom in the travel and tourism sector (including medical tourism) fosters the demand for various types of travel bags. The robust movement of business travelers, further fuels the requirement of travel bags especially backpacks and trolleys.
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Rise in travel and tourism has intensified the demand for travel bags. Besides, increase in urbanization, changes in lifestyle, and demand for innovative products such as polycarbonated luggage is further expected to impel the global travel bags market between 2017 and 2023.
Increase in purchasing power of middle class households especially in the developing regions is anticipated to create more demand for premium and fashionable travel bags in the region. The advancement in technology such as development of smart luggage with GPS system tracker is also projected to expand the growth of overall market during the forecast period (2017-2023).
Based on material, the global travel bags market is bifurcated into hard side and soft side. The market is also divided by luggage type into duffle, trolley, and backpacks.
The market is further sub-divided by different price range, which includes premium, medium range, and low range and by distribution channel into supermarket/hypermarket, specialty stores, factory outlets, online stores, and others. Based on region, the market is categorized across North America, Europe, Asia-Pacific, and LAMEA.
- DELSEY SA.
- VIP INDUSTRIES
- TGHI, INC.
- ACE CO. LTD.
- U.S. LUGGAGE COMPANY
- JIAXING BIANCA LUGGAGE INDUSTRIAL CO. LTD.
- TRAVELPRO PRODUCTS, INC.
- RIMOWA GMBH
- KERING SA.
KEY MARKET BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the travel bags market with current and future trends to elucidate the imminent investment pockets in the market.
- The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
- Porters Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers.
- Market player positioning in the report provides a clear understanding of the position of leading companies.
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KEY MARKET SEGMENTS
By Material Type
By Luggage Type
By Price Range
- Medium Range
- Low Range
By Distribution Channel
- Specialty Stores
- Factory Outlets
- Online Stores
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- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
OTHER KEY PLAYERS*
- Michael Kors Holdings Limited.
- Lvmh Moët Hennessy Louis Vuitton
- Grupo Piagui
- Fenix Outdoor AB.
- Herschel Supply Co.
- V.F. Corporation
Table Of Content
- CHAPTER 1 INTRODUCTION
- CHAPTER 2 EXECUTIVE SUMMARY
- CHAPTER 3 MARKET OVERVIEW
- CHAPTER 4 TRAVEL BAG MARKET, BY MATERIAL TYPE
- CHAPTER 5 TRAVEL BAG MARKET, BY LUGGAGE TYPE
- CHAPTER 6 TRAVEL BAG MARKET, BY PRICE RANGE
- CHAPTER 7 TRAVEL BAG MARKET, BY DISTRIBUTION CHANNEL
- CHAPTER 8 TRAVEL BAG MARKET, BY GEOGRAPHY
- CHAPTER 9 COMPANY PROFILES
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