The ride-on luggage market was valued at $182.3 million in 2021 and is estimated to reach $304.1 million by 2031, registering a CAGR of 5.4% from 2022 to 2031. In 2021, the conventional ride-on luggage segment accounted for the majority of the total ride-on luggage market. Ride-on luggage is a type of luggage that allows users to sit or stand on it and ride it. It is designed to make travel easier and to eliminate the need to carry heavy suitcases and bags. The majority of ride-on luggage is conventional and must be driven manually, whereas some have motors & batteries and can be driven using accelerators and brakes.
Luggage is one of the most important aspects of traveling as it is the primary means of transporting clothes, toiletries, electronics, and other belongings. Luggage units such as suitcases, duffel bags, and briefcases can be very heavy depending on the amount of clothing and other essentials stored in the luggage based on the length of travel or the purpose of the travel. Customers prefer luggage units that are easy to move and carry around due to the weight of the luggage, which primarily Include wheeled suitcases and bags. Customers can easily ride the suitcases in the form of scooters or with the help of acceleration through a motor in motorized ride-on luggage, making it the most convenient way to transport luggage and also helping to provide additional comfort. These factors have Increased the popularity of ride-on luggage, which is driving market growth.
Customers find ride-on luggage to be a very convenient mode of luggage transportation. The raw materials used to make ride-on luggage, on the other hand, are slightly more expensive than those used to make regular luggage. When compared to standard types of luggage, the Incorporation of electronic components such as lithium-ion batteries, accelerators, and brakes into motorized ride-on luggage significantly raises the price. Similarly, the addition of scooters and seating areas to traditional ride-on luggage raises the price of the luggage. Consumers are discouraged from purchasing ride-on luggage as the average cost of the cheapest ride-on luggage is almost always equal to the cost of premium regular luggage. Many customers do not require luggage such as suitcases or carry bags on a regular basis because they are not frequent travelers. The high price of ride-on luggage may discourage consumers from purchasing it, creating market growth barriers.
Ride-on luggage market manufacturers are well-represented in developed regions around the world due to Increased demand for such products in these regions. Owing to Increased demand in developing regions such as Asia-Pacific and LAMEA, proper quality ride-on luggage must be imported into the regions, raising product costs and discouraging consumers from purchasing ride-on luggage. However, as demand grows, a growing number of smaller players, particularly in China and India, are entering the ride-on luggage market in developing countries. This makes ride-on luggage more accessible to consumers in the region while also lowering the cost of the ride-on luggage, attracting customers to such products. In order to attract a larger consumer base, they design the products with the needs of the local consumer base in mind. Consumers will have more opportunities to purchase ride-on luggage as the number of players in developing regions grows, assisting the market's growth.
The ride-on luggage market is segmented on the basis of type, end user, distribution channel, and region. By type, the ride-on luggage market is classified into conventional and motorized. Depending on end user, the market is categorized into adults and children. By distribution channel, the market is bifurcated into offline and online channels of sale. By region, the market is divided across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Some of the major players analyzed in this report are Airwheel Holding Limited, Elan Travel System LLC, Hebei Faye Co., Ltd., Kiddietotes, Kids Luggage Store, Micro Mobility Systems AG, Modobag, Ningbo zhongdi Stereo luggage manufacturing co. LTD, Olaf scooter, Pretty Coast Plastic Toys Co., Ltd., Rydebot LLC, Stokke AS, Trunki, Tucci Disegno, and Younglingz.
Luggage is one of the most important aspects of traveling as it is the primary means of transporting clothes, toiletries, electronics, and other belongings. Luggage units such as suitcases, duffel bags, and briefcases can be very heavy depending on the amount of clothing and other essentials stored in the luggage based on the length of travel or the purpose of the travel. Customers prefer luggage units that are easy to move and carry around due to the weight of the luggage, which primarily Include wheeled suitcases and bags. Customers can easily ride the suitcases in the form of scooters or with the help of acceleration through a motor in motorized ride-on luggage, making it the most convenient way to transport luggage and also helping to provide additional comfort. These factors have Increased the popularity of ride-on luggage, which is driving market growth.
Customers find ride-on luggage to be a very convenient mode of luggage transportation. The raw materials used to make ride-on luggage, on the other hand, are slightly more expensive than those used to make regular luggage. When compared to standard types of luggage, the Incorporation of electronic components such as lithium-ion batteries, accelerators, and brakes into motorized ride-on luggage significantly raises the price. Similarly, the addition of scooters and seating areas to traditional ride-on luggage raises the price of the luggage. Consumers are discouraged from purchasing ride-on luggage as the average cost of the cheapest ride-on luggage is almost always equal to the cost of premium regular luggage. Many customers do not require luggage such as suitcases or carry bags on a regular basis because they are not frequent travelers. The high price of ride-on luggage may discourage consumers from purchasing it, creating market growth barriers.
Ride-on luggage market manufacturers are well-represented in developed regions around the world due to Increased demand for such products in these regions. Owing to Increased demand in developing regions such as Asia-Pacific and LAMEA, proper quality ride-on luggage must be imported into the regions, raising product costs and discouraging consumers from purchasing ride-on luggage. However, as demand grows, a growing number of smaller players, particularly in China and India, are entering the ride-on luggage market in developing countries. This makes ride-on luggage more accessible to consumers in the region while also lowering the cost of the ride-on luggage, attracting customers to such products. In order to attract a larger consumer base, they design the products with the needs of the local consumer base in mind. Consumers will have more opportunities to purchase ride-on luggage as the number of players in developing regions grows, assisting the market's growth.
The ride-on luggage market is segmented on the basis of type, end user, distribution channel, and region. By type, the ride-on luggage market is classified into conventional and motorized. Depending on end user, the market is categorized into adults and children. By distribution channel, the market is bifurcated into offline and online channels of sale. By region, the market is divided across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Some of the major players analyzed in this report are Airwheel Holding Limited, Elan Travel System LLC, Hebei Faye Co., Ltd., Kiddietotes, Kids Luggage Store, Micro Mobility Systems AG, Modobag, Ningbo zhongdi Stereo luggage manufacturing co. LTD, Olaf scooter, Pretty Coast Plastic Toys Co., Ltd., Rydebot LLC, Stokke AS, Trunki, Tucci Disegno, and Younglingz.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ride-on luggage market analysis from 2021 to 2031 to identify the prevailing ride-on luggage market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ride-on luggage market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global ride-on luggage market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Conventional
- Sub Type
- Scooter Luggage
- Sit On Luggage
- Motorised
By End User
- Adults
- Children
By Distribution Channel
- Offline Channels
- Online Channels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Olaf Scooter
- Micro Mobility Systems AG
- Rydebot
- Hebei Faye Co., Ltd.
- Stokke AS
- Modobag
- Kiddietotes
- Younglingz LLC
- Airwheel Holding Limited
- Trunki
- Elan Travel System
- Kids Luggage Store
- Pretty Coast Plastic Toys Co., Ltd.
- TUCCI DISEGNO
- Ningbo Zhongdi Three-Dimensional Luggage Manufacturing Co., LTD.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: RIDE-ON LUGGAGE MARKET, BY TYPE
CHAPTER 5: RIDE-ON LUGGAGE MARKET, BY END USER
CHAPTER 6: RIDE-ON LUGGAGE MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: RIDE-ON LUGGAGE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Ride-on Luggage Market,' The ride-on luggage market was valued at $182.30 million in 2021, and is estimated to reach $304.2 million by 2031, growing at a CAGR of 5.4% from 2022 to 2031.Users of ride-on luggage can ride while sitting or standing on it. Its purpose is to make travel easier by eliminating the need to carry heavy suitcases and bags. The majority of ride-on luggage is manual and must be driven by hand, whereas others are powered by motors and batteries and can be driven using accelerators and brakes.
Key factors driving the growth of the ride-on luggage market include a rise in disposable income, development of the global travel & tourism industry , and convenience of carrying luggage . In the past, people have said that they would like to buy a pair of shoes and then they have been able to buy a pair of shoes. Following the European and Chinese economic crises in 2009, the global economy came to a halt. The rapid recovery from the crisis, on the other hand, resulted in significant economic growth, particularly in developing economies, as well as an increase in disposable income among middle-income groups. Furthermore, disposable income in North America and Asia-Pacific increased rapidly, serving as a major driver of market growth as middle- and high-income consumers in urban areas shifted their purchasing habits from essential to premium goods and services. This is increasing the demand for high-quality, high-priced products like rideable suitcases and luggage attached to scooters. Furthermore, Travel and tourism encompasses leisure and ride-on luggage, business and leisure tourism, medical tourism, and other types of tourism. Changes in lifestyle, increased tourism promotion, and improved transportation facilities are all factors that contribute to the growth of the travel and tourism industry. Furthermore, continuous development in the travel and tourism industry, as well as the integration of various segments such as hospitality and infrastructure with government initiatives, accelerates the growth of the global travel and tourism industry.
There are some barriers to growth for the ride-on luggage market. Customers find ride-on luggage to be a convenient mode of luggage transportation. However, the raw materials used to make ride-on luggage are slightly more expensive than those used to make regular luggage. When compared to standard luggage, the incorporation of electronic components such as lithium-ion batteries, accelerators, and brakes into motorised ride-on luggage significantly raises the price. Similarly, in the case of traditional ride-on luggage, the addition of scooters as well as seating area raises the price of the luggage. Consumers are discouraged from purchasing ride-on luggage because the average cost of the cheapest ride or luggage is nearly equal to the cost of premium regular luggage. The high price of ride-on luggage may discourage consumers from purchasing it, creating market growth barriers.
The market also offers growth opportunities to the key players in the market. Due to increased demand for such products in developing regions such as Asia-Pacific and LAMEA, proper quality ride-on luggage must be imported into the regions, increasing product costs and discouraging consumers from purchasing ride-on luggage. However, as demand grows, a growing number of smaller players are entering the developing-country ride-on luggage market, particularly in China and India. Thus, an increase in the accessibility of ride-on luggage to consumers in the region, combined with a decrease in the cost of ride-on luggage, is attracting consumers to ride-on luggage.
The ride-on luggage market is segmented on the basis of type, end user, distribution channel, and region. By type, the ride-on luggage market is classified into conventional and motorized. Depending on end user, the market is categorized into adults and children. By distribution channel, the market is bifurcated into offline and online channels of sale. By region, the market is divided across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study include Ride-on luggage Market Share, gain profitability, and remain competitive in the market. The key players operating in the Ride-on luggage Market Analysis include- Airwheel Holding Limited, Elan Travel System LLC, Hebei Faye Co., Ltd., Kiddietotes, Kids Luggage Store, Micro Mobility Systems AG, Modobag, Ningbo zhongdi Stereo luggage manufacturing co. LTD, Olaf scooter, Pretty Coast Plastic Toys Co., Ltd., Rydebot LLC, Stokke AS, Trunki, Tucci Disegno, and Younglingz.
Key Market Insights
The conventional ride-on luggage segment dominated the market in 2021, while the motorized ride-on luggage segment is expected to grow the most during the forecast period.- By end-user, children ride-on luggage held the largest market share in 2021, while adult ride-on luggage is expected to grow the most during the forecast period.
- By distribution channel, offline channel sales of ride-on luggage was the largest in 2021, with online channel sales of ride-on luggage expected to grow significantly.
Companies Mentioned
- Olaf Scooter
- Micro Mobility Systems AG
- Rydebot
- Hebei Faye Co., Ltd.
- Stokke AS
- Modobag
- Kiddietotes
- Younglingz LLC
- Airwheel Holding Limited
- Trunki
- Elan Travel System
- Kids Luggage Store
- Pretty Coast Plastic Toys Co., Ltd.
- TUCCI DISEGNO
- Ningbo Zhongdi Three-Dimensional Luggage Manufacturing Co., LTD.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 370 |
| Published | May 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 182.3 million |
| Forecasted Market Value ( USD | $ 304.1 million |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
