According to the latest report by IMARC Group, titled "Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a detailed analysis of the market size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How Big is the Travel Bags Market?
The global travel bags market size reached US$ 18.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
What is Travel Bags?
Travel bags refer to a type of travel gear that is used by explorers, trekkers, tourists, and travelers to carry their clothes and other belongings. Duffel bags, wheeled backpacks, rolling luggage, weekenders, totes, and travel packs are the most common types of travel bags available in the market. The hard-side variants are manufactured using materials, including polypropylene, polycarbonate, and acrylonitrile-butadiene-styrene (ABS) and are suitable for carrying electronic gadgets and fragile products. On the other hand, the durable and lightweight soft-side variants are manufactured using nylon, polyester, cotton, leather, and vinyl. These travel bags are available in a variety of sizes, patterns, and colors and can be customized according to the consumers demands.
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What are the growth prospects and trends in the travel bags industry?
The expanding tourism sector and the inflating urbanization levels across the globe are among the key factors stimulating the travel bags market. Moreover, the increasing inclination to spend on premium and luxury travel bags to keep up with the ever-changing trends by consumers is acting as another significant growth-inducing factor. Besides this, numerous product innovations, such as the launch of visually appealing and creative designs and eco-friendly variants are positively influencing the global market.
Furthermore, the widespread adoption of luggage and travel bags by consumers, which are made using natural and organic fabric dyes, organic canvas, recycled leather, and other eco-friendly materials is also propelling the market growth. Apart from this, the rising promotional activities by brands and the development of the online retailing market that provides a hassle-free shopping experience to customers, while displaying a wide range of options to choose from are anticipated to fuel the travel bags market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- Delsey SA
- Deuter Sport
- Fenix Outdoor
- Hermès
- Kering
- Louis Vuitton
- Lowe Alpine
- LVMH
- Osprey
- Rimowa
- Samsonite
- Timbuk2
- Victorinox
- VIP Industries
Travel Bags Market Report Segmentation:
Breakup by Material Type:
- Polyester
- Fabric
- Leather
- Others
Breakup by Luggage Type:
- Duffle
- Trolley
- Backpacks
Breakup by Price Range:
- Premium Price
- Medium Price
- Low Price
Breakup by Demography:
- Male
- Female
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Factory Outlets
- Online Stores
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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