Travel Bag Market: Global Industry Analysis and Forecast (2022-2029)

Travel Bag Market size was valued at US$ 22.2 Bn. in 2021. Backpack, one of the segments reviewed in our report dominated the Travel Bag Market.

Travel Bag Market Overview:

Travel bags mainly consist of bags, cases, or containers which are used to carry travelers belonging while traveling. These are a type of travel gear that is used by explorers, trekkers, tourists, and travelers to carry their clothes and other belongings. Global Travel Bag Market To know about the Research Methodology :- Request Free Sample Report

Travel Bag Market Dynamics:

The Rise of travel and tourism is driving the growth and demand for travel bags in the market. Europe, Asia have become the largest tourist destination which is attracting consumers to travel frequently. Baggage is an important part of traveling. These factors are driving the market growth of travel bags. Changing recreational patterns and rising disposable incomes in the world around the globe are also driving the demand for travel bags in the market. Increasing air travel numbers, and product design evolution are other key factors driving the growth of the travel bag market. Increasing urbanization, lifestyle changes, and demand for innovative products such as polycarbonate luggage with high quality are expected to drive the travel bag market. Also, demand for fashionable travel bags is expected to increase. Technological advances, such as the development of intelligent luggage with GPS trackers. These factors are expected to drive the travel bag market through the forecast period. Consumers are now investing in premium and luxury travel bags to keep up with ever-changing trends. Various product innovations, such as the introduction of visually appealing and creative designs, and eco-friendly variants guarantee a positive market outlook. These factors are driving the demand for travel bags. Consumers are increasingly choosing luggage and travel bags made of natural and organic fabric paints, organic canvas, recycled leather, and other eco-friendly materials. Factors such as aggressive brand promotion and the development of an online retail market that offers customers a hassle-free shopping experience while offering a wide range of choices. These factors are expected to drive the growth of the travel bag market through the forecast period. The growth of domestic brands and the availability of products sold by local and regional suppliers, primarily in developing countries as these products are available at very low prices compared to branded travel bags. These factors are restraining the growth of the travel bags market. Market trends and challenges are analyzed and compiled in the report. The data of 2021 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2017 to 2021 with market forecast until 2029.

Market Trend:

Photographers and YouTubers Willem Verbeeck and Allison Simon have partnered with Moment to launch a set of travel bags called “Long Weekend. “The Line includes the Sedona Sacoche Crossbody Bag, the Santa Fe Shoulder Bag, the Adjustable Camera Neck Strap, the Camera Wrist Strap, the Film Pouch, and the Jet Key Tag. Away launched its holiday collection with the launch of its brand new core travel collection. The new product offering includes three new backpack styles in a range of colors, a nylon-and-leather zip tote bag, a laptop bag, and a messenger bag. The growing demand for ultra-lightweight luggage is one of the most important trends in the Travel Bag market. Lightweight luggage is easy to carry and handle, which is convenient for consumers. Travel Bag companies use raw materials such as polycarbonate resin to reduce the weight of their baggage. Polycarbonate and other high-tech plastics are strong and light, which makes them a hard surface for luggage and also helps reduce the cost of overweight flights.

Travel Bag Market Segment Analysis:

By Product, Backpack dominated the market with a 46.62 % share in 2021. The backpacks are easier to carry, can be used multi-purpose, are lightweight, and are less space-consuming. These factors are driving the growth of the segment in the market. The trolley segment is expected to grow at a CAGR of 7 % through the forecast period. High consumer preference, owing to its ease of mobility, comfortable to transport on various surfaces across terminals, subways, and escalators, and navigating busy and crowded terminals. These factors are expected to drive the growth of the market through the forecast period. Global Travel Bag Market By Distribution Channel, the Offline segment dominated the market with a 66.49 % share in 2021. High preference among consumers due to extensive depth in the product portfolio by price range, material, luggage type, and design. Also, high service quality and expert guidance enhance the shopping experience of consumers. These factors are expected to drive the growth of the segment through the forecast period. The online segment is expected to grow at a CAGR of 9 % through the forecast period. The growing popularity of e-commerce websites among consumers and increasing consumer preference to purchase travel bags online due to ease of payment, eye-catching discounts, and home delivery. These factors are expected to drive the growth of the segment in the travel bag market through the forecast period. Global Travel Bag Market By Price Range, the Premium segment dominated the market with a 40.47 % share in 2021. This segment gives a high-quality product, exclusive designs, and advanced features such as intelligent luggage with GPS trackers. These factors are driving the growth of the segment in the market. The medium segment is expected to grow at a CAGR of 6.5 % through the forecast period. Availability of high-quality products, wide range with designs, colors, etc. at the cost-efficient range is attracting consumers towards the medium range. These factors are expected to drive the market growth of the segment through the forecast period. Global Travel Bag Market

Travel Bag Market Regional Insights:

North America region dominated the market with a 41.44% share in 2021. High disposable income, increased tourism, presence of key players are the factors driving the growth of the market in the region. Rising innovation in designs and the growing popularity of high-end designer bags are the factors driving the demand for the product in this region. Asia Pacific is expected to grow at a CAGR of 12 % through the forecast period. A rise in travel and tourism activities and an increasing number of business travelers etc. are expected to drive the demand for the product in the region. The presence of established brands like VIP and others and increasingly engaged in the production of travel backpacks, duffel bags, laptop bags, etc. are expected to drive the growth of the market through the forecast period. Travel Bag MarketThe objective of the report is to present a comprehensive analysis of the Travel Bag market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Travel Bag market dynamics, structure by analyzing the market segments and project the Travel Bag market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Travel Bag market make the report investor’s guide.

Travel Bag Market Scope: Inquire before buying

 Travel Bag Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 22.2 Bn.
Forecast Period 2022 to 2029 CAGR: 11 % Market Size in 2029: US $ 51.16 Bn.
Segments Covered: by Product • Duffle • Trolley • Backpacks
by Distribution Channel • Online • Offline
by Price Range • Low • Medium • Premium

Travel Bag Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Travel Bag Market Key Players

• 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 • Kering SA

FAQ:

1] What segments are covered in the Travel Bag Market report? Ans. The segments covered in the Travel Bag Market report are based on Product, Distribution Channel, and Price Range. 2] Which region is expected to hold the highest share in the Travel Bag Market? Ans. Asia Pacific Region is expected to hold the highest share in the Travel Bag Market. 3] What is the market size of the Travel Bag Market by 2029? Ans. The market size of the Travel Bag Market by 2029 is US $ 51.16 Bn. 4] Who are the top key players in the Travel Bag Market? Ans. 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, Kering SA. 5] What was the market size of the Travel Bag Market in 2021? Ans. The market size of Travel Bag Market in 2021 was US $ 22.2 Bn.
1. Global Travel Bag Market: Research Methodology 2. Global Travel Bag Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Travel Bag Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Travel Bag Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Travel Bag Market Segmentation 4.1. Global Travel Bag Market, by Product (2021-2029) • Duffle • Trolley • Backpacks 4.2. Global Travel Bag Market, by Distribution Channel (2021-2029) • Online • Offline 4.3. Global Travel Bag Market, by Price Range (2021-2029) • Low • Medium • Premium 5. North America Travel Bag Market(2021-2029) 5.1. Global Travel Bag Market, by Product (2021-2029) • Duffle • Trolley • Backpacks 5.2. Global Travel Bag Market, by Distribution Channel (2021-2029) • Offline • Online 5.3. Global Travel Bag Market, by Price Range (2021-2029) • Low • Medium • Premium 5.4. North America Travel Bag Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Travel Bag Market (2021-2029) 6.1. European Travel Bag Market, by Product (2021-2029) 6.2. European Travel Bag Market, by Distribution Channel (2021-2029) 6.3. European Travel Bag Market, by Price Range (2021-2029) 6.4. European Travel Bag Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Travel Bag Market (2021-2029) 7.1. Asia Pacific Travel Bag Market, by Product (2021-2029) 7.2. Asia Pacific Travel Bag Market, by Distribution Channel (2021-2029) 7.3. Asia Pacific Travel Bag Market, by Price Range (2021-2029) 7.4. Asia Pacific Travel Bag Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Travel Bag Market (2021-2029) 8.1. Middle East and Africa Travel Bag Market, by Product (2021-2029) 8.2. Middle East and Africa Travel Bag Market, by Distribution Channel (2021-2029) 8.3. Middle East and Africa Travel Bag Market, by Price Range (2021-2029) 8.4. Middle East and Africa Travel Bag Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Travel Bag Market (2021-2029) 9.1. Latin America Travel Bag Market, by Product (2021-2029) 9.2. Latin America Travel Bag Market, by Distribution Channel (2021-2029) 9.3. Latin America Travel Bag Market, by Price Range (2021-2029) 9.4. Latin America Travel Bag Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Delsey 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Antler 10.3. Hermes 10.4. Crown 10.5. Samsonite 10.6. Osprey 10.7. VF Corporation 10.8. Victorinox 10.9. Traveler's Choice 10.10. Lowe Alpine 10.11. Deuter 10.12. Standard Luggage Co 10.13. Timbuk2 10.14. Herschel Supply 10.15. Rimowa 10.16. Louis Vuitton 10.17. HIDEO WAKAMATSU 10.18. ACE 10.19. VIP Industries 10.20. TGHI, Inc. 10.21. Samsonite 10.22. Luggage Company 10.23. LVMH Group 10.24. Travelpro Products, Inc. 10.25. Rimowa GmbH 10.26. Kering SA

About This Report

Report ID 26844
Category Consumer Goods & Services
Published Date Sept 2022
Updated Date
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