The Global Travel Bag Market size is expected to reach $28.1 billion by 2030, rising at a market growth of 5.7% CAGR during the forecast period.
Travel bags placed in prominent locations within supermarkets/hypermarkets gain increased visibility. Consequently, the Supermarkets/hypermarkets segment captured $4,780.6 million revenue in the market in 2022. Supermarkets/hypermarkets are known for attracting a high volume of foot traffic. By placing travel bags in these retail settings, manufacturers and retailers tap into the potential for impulse purchases. This visibility increases the chances of consumers noticing and considering the purchase of a travel bag during their shopping trips.
Air travel regulations often impose restrictions on the size and weight of luggage. The manufacturers design products that adhere to these regulations, offering consumers bags that maximize packing capacity while staying within airline-mandated limits. The bags with 360-degree spinner wheels, telescopic handles, and ergonomic designs enhance the ease of movement, reducing the stress of carrying luggage through airports. Hence, ease of air travel and security considerations has been a pivotal factor in driving the growth of the market.
Urbanization often leads to a faster-paced lifestyle, where individuals are more likely to travel frequently. according to the report by the World Bank updated in 2023, 56% of the world's population, or 4.4 billion people, live in cities. By 2050, nearly 7 out of 10 individuals are projected to reside in cities, representing a more than doubling of the current urban population. Therefore, the market is expanding significantly due to the urbanization and changing lifestyles.
However, economic downturns often result in a decline in individuals’ disposable income. With less money available for discretionary spending, consumers prioritize essential goods over non-essential items like travel bags. The decline in business travel, where individuals may require specific travel bags, can reduce demand within this market segment. Thus, economic downturns and consumer spending can slow down the growth of the market.
Travel bags placed in prominent locations within supermarkets/hypermarkets gain increased visibility. Consequently, the Supermarkets/hypermarkets segment captured $4,780.6 million revenue in the market in 2022. Supermarkets/hypermarkets are known for attracting a high volume of foot traffic. By placing travel bags in these retail settings, manufacturers and retailers tap into the potential for impulse purchases. This visibility increases the chances of consumers noticing and considering the purchase of a travel bag during their shopping trips.
Air travel regulations often impose restrictions on the size and weight of luggage. The manufacturers design products that adhere to these regulations, offering consumers bags that maximize packing capacity while staying within airline-mandated limits. The bags with 360-degree spinner wheels, telescopic handles, and ergonomic designs enhance the ease of movement, reducing the stress of carrying luggage through airports. Hence, ease of air travel and security considerations has been a pivotal factor in driving the growth of the market.
Urbanization often leads to a faster-paced lifestyle, where individuals are more likely to travel frequently. according to the report by the World Bank updated in 2023, 56% of the world's population, or 4.4 billion people, live in cities. By 2050, nearly 7 out of 10 individuals are projected to reside in cities, representing a more than doubling of the current urban population. Therefore, the market is expanding significantly due to the urbanization and changing lifestyles.
However, economic downturns often result in a decline in individuals’ disposable income. With less money available for discretionary spending, consumers prioritize essential goods over non-essential items like travel bags. The decline in business travel, where individuals may require specific travel bags, can reduce demand within this market segment. Thus, economic downturns and consumer spending can slow down the growth of the market.
By Material Analysis
By material, the market is categorized into hard-side and soft-side. The hard-side segment covered a 28.49% revenue share in the market in 2022. Hard-side luggage often has integrated security features, such as built-in TSA-approved locks. A traveler’s peace of mind regarding the safety of their possessions while in transit is assured by the additional layer of protection that these locks afford the bag’s contents. The security features contribute to the appeal of hard-side luggage for those prioritizing protection.By Luggage Type Analysis
Based on luggage type, the market is classified into duffle, trolley, and backpacks.In 2022, the duffle segment witnessed 49.20% revenue share in the market. Duffle bags are known for their versatility and adaptability to different travel situations. They are suitable for various purposes, including weekend getaways, gym sessions, business trips, and sports activities. The ability of duffle bags to accommodate different packing needs makes them versatile companions for a diverse range of travelers.By Distribution Channel Analysis
By distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, factory outlets, online stores, and others. The factory outlets segment captured 8.1% revenue share in the market in 2022. Factory outlets provide opportunities for consumers to make bulk purchases at discounted rates. Travelers planning group trips, families needing multiple bags, or individuals looking to buy luggage for different purposes can take advantage of bulk purchase discounts offered at factory outlets.
By Price Range Analysis
On the basis of price range, the market is divided into premium, medium range, and low range. In 2022, the medium range segment dominated the market with 51.3% revenue share. Medium-range travel bags often incorporate functional features in premium options but at a more affordable price. Features like multiple compartments, durable materials, and ergonomic designs are attractive to consumers who want practical and well-designed luggage without the premium price tag.By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a 29.2% revenue share in the market. The urbanization of North American societies has led to lifestyle and consumer preferences changes. North America encompasses diverse travel environments, including city getaways, beach vacations, mountain retreats, and business trips.Recent Strategies Deployed in the Market
- Nov-2023: Kering S.A. plans to geographically expand its stores across China to bolster its growth and diversify its brand portfolio. This expansion will expand the business aspect in China and establish a meaningful connection with Chinese consumers.
- Nov-2023: Delsey Paris plans to geographically expand its manufacturing hub in India to shift half its production to Southeast Asia and India. The products will be made available to customers via the brand's websites. Through this expansion, the company is planning to expand its geographical presence and brand portfolio.
- Nov-2023: RIMOWA GmbH has expanded its presence in India. The new store is located at the newly opened biggest luxury mall in India, Jio World Plaza, in Mumbai. Through this decision, the company will expand its global presence in a growing market with increasing demand for premium luggage brands.
- Sep-2023: Delsey Paris unveiled its new collection, REMPART, for fashionable travelers who seek to travel in style and also look for reliable and spacious luggage. Through this launch, the company will continue to inspire and create for the modern traveler.
- Apr-2023: Samsonite South Asia, a part of Samsonite International S.A., plans for geographical expansion at its Nashik plant to meet the demand for travel luggage. The company plans to invest ₹160 crore in this expenditure. Through this expansion, Samsonite aimed to increase the number of company-owned stores to 65 from 40, while the overall presence will increase to 600 from 460 retail stores by the end of this year.
List of Key Companies Profiled
- LVMH SE (RIMOWA GmbH)
- Samsonite International S.A.
- Kering S.A
- Ace Co. Ltd.
- VIP Industries Limited
- DELSEY PARIS
- United States Luggage Company, LLC.
- Travelpro Products, Inc. (MidOcean US Advisor, LP)
- JRSK, Inc.
- Targus
Market Report Segmentation
By Material- Soft-Side
- Hard-Side
- Duffle
- Backpacks
- Trolley
- Specialty Stores
- Supermarkets/Hypermarkets
- Online Stores
- Factory Outlets
- Others
- Medium Range
- Low Range
- Premium
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Travel Bag Market by Material
Chapter 6. Global Travel Bag Market by Luggage Type
Chapter 7. Global Travel Bag Market by Distribution Channel
Chapter 8. Global Travel Bag Market by Price Range
Chapter 9. Global Travel Bag Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- LVMH SE (RIMOWA GmbH)
- Samsonite International S.A.
- Kering S.A
- Ace Co. Ltd.
- VIP Industries Limited
- DELSEY PARIS
- United States Luggage Company, LLC.
- Travelpro Products, Inc. (MidOcean US Advisor, LP)
- JRSK, Inc.
- Targus
Methodology
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