Global Travel Bag Market by material type (Hard Side, Soft Side, and Hybrid), by luggage type (Duffle, Trolley, and Backpacks), by price range (Premium, Medium Range, and Low Range),by distribution channel (Hypermarkets and Supermarkets, Conventional Store, Online, and Others), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Travel Bag Market was valued at US$ 37.1 Bn in 2017 and is expected to reach US$ 65.7 Bn by 2026, at a CAGR of 7.4% during a forecast period.
Growing number of passengers coupled with the growing popularity of e-commerce websites across the globe, which is also expected to boost the global travel bag market growth during the forecast period. The rise in urbanization around globally is expected to fuel the global travel bag market growth in the forecast period.
Availability of travel bags in various shapes and colors are driving the global travel bag market growth across the globe. In addition, growing living standards of consumers and increasing purchasing power of middle-class population in developing countries is expected to boom the market growth in the forecast period.
The soft-sided segment is leading the Travel Bag Market.
The soft-sided travel bag is anticipated to hold the largest share in the global travel bag market during the forecast period. Hard-sided travel bag segment is projected to drive the global travel bag market growth during the forecast period due to light in weight.
The backpack segment is leading the Travel Bag Market.
The backpack segment is anticipated to hold the largest share in the global travel bag market during the forecast period due to the fact that they are relatively easier to carry.
The online segment is leading the Travel Bag Market.
The online segment is expected to hold the largest share in the forecast period owing to the growing popularity of e-commerce websites among consumers. Increasing consumer preference to purchase travel bags online, which is also expected to boost the global travel bag market during the forecast period.
The Asia Pacific is the leading regional market for Travel Bag Market.
The Asia Pacific is estimated to fuel the global travel bag market growth in the forecast period owing to growing urbanization and population in developing countries of this region such as India and China. In addition, increasing the spending power of the middle-class population and changing living standards of the consumers in these countries are also expected to surge the global travel bag market growth in a positive way. North America is expected to generate the highest CAGR in the market during the forecast period owing to the large consumer base and developed economy in this region. The US is projected to drive the travel bag market growth in this region during the forecast period as a rising in innovation in designs of travel bags. High-end designer bags are trending in this country.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Delsey, Antler, Hermes, Crown, Samsonite, Osprey, VF Corporation, Victorinox, Traveler’s Choice, Lowe Alpine, Deuter, Standard Luggage Co, Timbuk2, Herschel Supply, Rimowa, Louis Vuitton, HIDEO WAKAMATSU, ACE, VIP Industries, TGHI, Inc., Samsonite, Luggage Company, LVMH Group, Travelpro Products, Inc., Rimowa GmbH, and Kering SA.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Travel Bag Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Travel Bag Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Travel Bag Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Global Travel Bag Market”.
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