The North America travel bags market size is expected to reach USD 11.79 billion by 2030, registering a CAGR of 6.3% CAGR from 2024 to 2030. The increasing air passenger traffic domestically and growing trend of family trips over weekends, driven by rising disposable incomes, in the region.
In recent years, economic stability and the resultant rise in disposable incomes of the population have led to growth of the travel & tourism industry in the region, with significantly growing trends of domestic travel and family vacations over weekends. The reasonable air fares for domestic travel have also led to increasing traffic of business personnel in air transport, most notably in the U.S.
The short duration of such trips has led to the demand for smaller and convenient travel goods, including bags, such as duffle bags, trolleys, and backpacks. The further growth of the travel industry in the region is expected to have significant impacts on the growth of the travel bags market during the forecast period.
Duffle bag is the largest travel bag segment in 2016 and is anticipated to register a lucrative growth rate over the analysis period. However, prepared trolley bags are anticipated to witness fastest CAGR of 7.1%, from 2017 to 2025.
The growth of duffle bag segment can be attributed to the growing traveler preferences towards this type of bags, most notably for travels of short durations, wherein the bag offers major advantages such as convenience, large packing space, and lightweight.
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In recent years, economic stability and the resultant rise in disposable incomes of the population have led to growth of the travel & tourism industry in the region, with significantly growing trends of domestic travel and family vacations over weekends. The reasonable air fares for domestic travel have also led to increasing traffic of business personnel in air transport, most notably in the U.S.
The short duration of such trips has led to the demand for smaller and convenient travel goods, including bags, such as duffle bags, trolleys, and backpacks. The further growth of the travel industry in the region is expected to have significant impacts on the growth of the travel bags market during the forecast period.
Duffle bag is the largest travel bag segment in 2016 and is anticipated to register a lucrative growth rate over the analysis period. However, prepared trolley bags are anticipated to witness fastest CAGR of 7.1%, from 2017 to 2025.
The growth of duffle bag segment can be attributed to the growing traveler preferences towards this type of bags, most notably for travels of short durations, wherein the bag offers major advantages such as convenience, large packing space, and lightweight.
North America Travel Bags Market Report Highlights
- The North America travel bags market size was valued at USD 7.72 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2030.
- Duffle bag generates the highest revenue in the market while trolley bag is anticipated to register fastest growth rate over the forecast period
- By distribution channel, supermarkets held the largest market share of 35.3% in the overall market. However, the online sales channels are anticipated to witness the fastest CAGR over the forecast period
- The U.S. dominated the North American travel bags market, with a market share of 71.7% in 2023
The leading players in the North America Travel Bags market include:
- Samsonite IP Holdings S.à r.l.
- Antler USA
- Bric's industria valigeria fine spa
- DELSEY KSA
- OLYMPIA USA SHOPPING
- LVMH Moët Hennessy Louis Vuitton
- Nike, Inc.
- V.F. Corporation
- Valigeria Roncato
- VIP Industries Ltd.
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Travel Bags Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. North America Travel Bags Market: Type Estimates & Trend Analysis
Chapter 6. North America Travel Bags Market: Product Estimates & Trend Analysis
Chapter 7. North America Travel Bags Market: Price Range Estimates & Trend Analysis
Chapter 8. North America Travel Bags Market: Material Estimates & Trend Analysis
Chapter 9. North America Travel Bags Market: Distribution Channel Estimates & Trend Analysis
Chapter 10. North America Travel Bags Market: Country Estimates & Trend Analysis
Chapter 11. Competitive Landscape
Companies Mentioned
The leading players in the North America Travel Bags market include:- Samsonite IP Holdings S.à r.l.
- Antler USA
- Bric's industria valigeria fine spa
- DELSEY KSA
- OLYMPIA USA SHOPPING
- LVMH Moët Hennessy Louis Vuitton
- Nike, Inc.
- V.F. Corporation
- Valigeria Roncato
- VIP Industries Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 7.72 Billion |
| Forecasted Market Value ( USD | $ 11.79 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | North America |
| No. of Companies Mentioned | 11 |
