Luggage - Global Strategic Business Report

Luggage Market Recovers from Economic Recession in Sync with Revival in Travel & Leisure Activity

The global market for Luggage is estimated at US$38.6 Billion in 2023 and is projected to reach US$61.7 Billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the luggage market is driven by several factors. Firstly, the increasing frequency of both leisure and business travel fuels demand for diverse types of luggage to suit different travel needs. As more people travel internationally, the need for durable, secure, and functional luggage becomes paramount. Technological advancements, such as smart luggage features, cater to the tech-savvy consumer looking for convenience and security. The trend towards sustainable products has also opened new market opportunities, with eco-conscious travelers seeking environmentally friendly options.

Additionally, the rise of experiential travel, where consumers prioritize unique and memorable travel experiences, drives demand for specialized luggage that can accommodate specific activities, such as hiking, skiing, or adventure travel. The influence of social media and the desire for personalized products further propel market growth, as consumers look for luggage that reflects their personal style and meets their specific needs. The luggage market, therefore, is expanding in response to these diverse and evolving consumer demands.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Suitcases / Travelling Bags segment, which is expected to reach US$31.4 Billion by 2030 with a CAGR of a 7.4%. The Casual / Regular Use Bags segment is also set to grow at 6.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $10.4 Billion in 2023, and China, forecasted to grow at an impressive 11.2% CAGR to reach $14.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Luggage Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Luggage Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Luggage Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Ace Co. Ltd., Antler Ltd., Bric's Industria Valigeria Fine SPA, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 283 Featured):

• Ace Co. Ltd.
• Antler Ltd.
• Bric's Industria Valigeria Fine SPA
• Delsey S.A
• Eagle Creek Inc.
• Etienne Aigner AG
• JanSport Inc.
• Kipling North America
• LVMH Moët Hennessy Louis Vuitton
• Nike Inc.
• Samsonite International S.A.
• Targus
• Travelpro Products Inc.
• Valigeria Roncato
• VF Corp.
• VIP Industries Ltd.