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Explore Global travel bag market to reach USD 53.16 billion by 2024

Consumer Market Research

The global travel bag market valued USD 33.10 billion in 2016 and is estimated to reach over USD 53.16 billion in 2024


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According to Goldstein Research, global travel bag market is expected to reach USD 53.16 billion by the end of 2024 from USD 33.10 billion in 2016, growing at a CAGR of 6.1%. Rising trend of fashionable bags and the growth in travel and tourism industry are driving the growth in sales of travel bags across the globe.

Global travel bag market segmentation has been done on the basis of the price range, types of travel bags, distribution channel and geography. Light weight carry-on travel bags are most commonly preferred by the travellers.


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Also, the smart travel bags embedded with GPS trackers, charging ports and other technology-based bags have swelled up to the demand of travel bags.

Global travel bag market Make an Inquiry about this news is majorly driven by North America and closely followed by Europe in terms of travel bags manufacturing. Asia-Pacific accounts for largest travellers, thus it is growing at the fastest pace. 

Further, with the growth in Latin America travel and tourism industry, it is expected to be an opportunistic market in future.

Market Segmentation

On the basis of our in-depth analysis, Global Travel Bag Market can be segmented as follows:

  • Based on Price-Range

o   High-Price Range

o   Medium-Price Range

o   Low-Price Range

  • Based on Types of Travel Bags

o   Trolley Bags

o   Backpacks

o   Duffle Bags

  • Based on the Distribution channel

o    Online Distribution Channel

o    Offline Distribution Channel

  • On the basis of region
  • o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Download Exclusive Sample Report @ www.goldsteinresearch.com/request-…orecast-2016-2024 Make an Inquiry about this news

 

 “Global Travel Bag Market Outlook 2024contains a detailed overview of the global travel bag market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by price range, types of travel bags and distribution channel.

Further, for the in-depth analysis, Global Travel Bag Market trends Make an Inquiry about this news Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Samsonite International, VIP Industries Ltd., United States Luggage Company (LLC), Shanghai Fochier International, Louis Vuitton, Rimova, VF Corporation, Ace Co.

Ltd., Nike, Puma, Everest, Safari industries, Richardo Beverly Hills, Targus Group International Inc., Travelpro International Inc., New Travel Sports Co. Ltd., Delsey SA,. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global travel bag market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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