Luggage & Travel Bags Market
Global Luggage & Travel Bags Market Size, Share & Trends Analysis Report, By Product Type (Duffle, Trolley, and Backpacks) By Material Type (Polyester, Fabric, Leather, and Others) Forecast 2021-2027 Update Available - Forecast 2024-2030
The global luggage & travel bags market is anticipated to grow at a substantial CAGR of 6.4% during the forecast period. The market is set to display impressive growth owing to the increasing urbanization along with development of airport infrastructure and tourist destinations globally, and rising income level of the population in major economies along with lifestyle changes. The significant growth in travel and tourism sector is another factor for the market growth. The major players operating in luggage & travel bags industry are now focusing on designing of smart bags with multiple features such as internet connectivity, RFID pockets, and USB connection among others. to attract customers, this factor is further supporting the growth of the market. Consumers in major economies are investing more on luxury and premium quality products which is motivating the manufacturers to focus on better design and development of innovative products made up of environmentally friendly materials. For instance, Horizn Studios launched Circle One, a sustainable piece of luggage, realized with 100.0% plant-based materials and designed to be repaired.
The global luggage & travel bags market is segmented based on product type and material type. Based on product type, the market is sub-segmented into duffle, trolleys, and backpacks. Bagpacks held major market share based on product type. On the basis of material type, the market is sub-segmented into polyester, fabric, leather, and others.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is the fastest-growing region in the global luggage & travel bags market. China, India, Japan are the major contributors to the market growth. The presence of huge population base especially millennial and increasing demand for fashion accessories among them is the significant factor for the market growth. North America region is contributing high share to the market growth. The advancement and adoption of technology such as IoT in fashion accessories is attracting the customer base in the major economies such as the US and Canada.
The key players in the luggage & travel bags market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Adidas AG, Nike Inc., Samsonite International S.A., LVMH Group, and VIP Industries Ltd. among others. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others.
Research Methodology
The market study of the global luggage & travel bags market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, researchpapers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Luggage & Travel Bags Market Research and Analysis by Product Type
- Global Luggage & Travel Bags Market Research and Analysis by Material Type
The Report Covers
- Comprehensive research methodology of the global luggage & travel bags market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global Luggage & travel bags market.
- Insights about market determinants that are stimulating the global luggage & travel bags market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Luggage & Travel Bags Industry
• Recovery Scenario of Global Luggage & Travel Bags Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Porter’s Analysis
2.2.4. Recommendations
2.2.5. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Luggage & Travel Bags Market, By Product Type
5.1.1. Duffle
5.1.2. Trolley
5.1.3. Backpacks
5.2. Global Luggage & Travel Bags Market, By Material Type
5.2.1. Polyester
5.2.2. Fabric
5.2.3. Leather
5.2.4. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. Ace Co. Ltd.
7.2. Adidas AG
7.3. Delsey SA.
7.4. Deuter Sport GmbH
7.5. Fenix Outdoor International AG
7.6. Lowe Alpine Co.
7.7. London Luggage Co.
7.8. LVMH Group
7.9. Nike Inc.
7.10. Osprey Europe Ltd.
7.11. Rimowa GmbH
7.12. Samsonite International S.A.
7.13. Travelpro Products, Inc.,
7.14. United States Luggage Co, LLC
7.15. Victorinox Co.
7.16. VIP Industries Ltd.
1. GLOBAL LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL DUFFLE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL TROLLEY BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL BACKPACKS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2020-2027 ($ MILLION)
6. GLOBAL POLYESTER BASED LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL FABRIC BASED LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL LEATHER BASED LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL OTHER MATERIAL TYPE BASED LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. NORTH AMERICALUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
11. NORTH AMERICA LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
12. NORTH AMERICA LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2020-2027 ($ MILLION)
13. EUROPE LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
14. EUROPELUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
15. EUROPELUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2020-2027 ($ MILLION)
16. ASIA-PACIFIC LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. ASIA-PACIFIC LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2020-2027 ($ MILLION)
19. REST OF THE WORLD LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. REST OF THE WORLD LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
21. REST OF THE WORLD LUGGAGE & TRAVEL BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL LUGGAGE & TRAVEL BAGS MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL LUGGAGE & TRAVEL BAGS MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL LUGGAGE & TRAVEL BAGS MARKET, 2020-2027 (%)
4. GLOBAL LUGGAGE & TRAVEL BAGS MARKET SHARE BY PRODUCT TYPE,2020 VS 2027 (%)
5. GLOBAL LUGGAGE & TRAVEL BAGS MARKET SHARE BY MATERIAL TYPE, 2020 VS 2027 (%)
6. GLOBAL LUGGAGE & TRAVEL BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL DUFFLE BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL TROLLEY BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL BACKPACKS BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL POLYESTER BASED LUGGAGE & TRAVEL BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL FABRIC BASED LUGGAGE & TRAVEL BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL LEATHER BASED LUGGAGE & TRAVEL BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL OTHER MATERIAL TYPE BASED LUGGAGE & TRAVEL BAGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. US LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
15. CANADA LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
16. UK LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
17. FRANCE LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
18. GERMANY LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
19. ITALY LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
20. SPAIN LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
21. REST OF EUROPE LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
22. INDIA LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
23. CHINA LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
24. JAPAN LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
25. SOUTH KOREA LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF ASIA-PACIFIC LUGGAGE & TRAVEL BAGS MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF THE WORLD LUGGAGE & TRAVEL BAGS MARKET SIZE, 2021-2027($ MILLION
