Consumer & Luxury Goods Market Research News

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

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.