Travel Bags Global Market Report 2024

The travel bags market size has grown strongly in recent years. It will grow from $18.31 billion in 2023 to $19.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth observed during the historical period can be attributed to several factors, including advancements in transportation, evolving fashion and design trends, shifts in consumer preferences and lifestyle choices, effective marketing and advertising strategies, colonial expansion leading to increased travel, as well as cultural shifts and changes in social norms influencing travel behaviors.

The travel bags market size is expected to see strong growth in the next few years. It will grow to $27.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated growth in the forecast period can be attributed to various factors, including the continued urbanization and emphasis on mobility, global travel trends driven by increasing connectivity, the rise of luxury travel experiences, evolving travel regulations and security measures, and the expansion of e-commerce facilitating easier access to travel products.

The burgeoning tourism sector is poised to propel the expansion of the travel bags market. Tourism, characterized by the act of traveling to diverse destinations for leisure, recreation, or cultural exploration, is witnessing an upsurge driven by various factors including heightened social media and digital influence, increased mobility, and the proliferation of sporting events and music festivals. Travel bags serve as indispensable tools for tourists, ensuring convenience, storage, organization, and protection of belongings amidst the challenges of travel. For instance, in June 2022, reports from the US Department of Commerce revealed a rise in international arrivals for travel and tourism in US states, escalating from 19.2 million in 2020 to 22.1 million in 2021, underscoring the impetus behind the travel bags market's growth trajectory.

Key players in the travel bags market are directing their efforts towards developing innovative products, such as transit travel series bags, to remain competitive, meet evolving consumer expectations, and sustain market leadership. Transit travel series bags encompass a collection of travel bags tailored for seamless transit usage, particularly in airports, train stations, or other transportation hubs. For example, in February 2024, WANDRD unveiled a new line of transit travel series bags specifically catering to photographers. These versatile companions boast sleek designs with functional pockets and compartments for easy organization and accessibility. Crafted from durable, weather-resistant materials with reinforced zippers, these bags offer added protection for travelers' essentials, catering to diverse travel needs from daily commuting to photography escapades, thus blending style with functionality.

In January 2024, ILUS International Inc. completed the acquisition of a majority stake in Samsara Luggage Inc., marking a strategic move to establish a new public company structure tailored for emergency response operations. This acquisition is poised to drive ILUS' subsidiary growth and potentially facilitate listing on a major stock exchange. Samsara Luggage Inc., renowned for manufacturing and selling luggage products including travel bags, aligns well with ILUS' strategic objectives, bolstering its presence in the travel bags market and expanding its product portfolio.

Major companies operating in the travel bags market are Louis Vuitton Moët Hennessy, Kering S.A, Eagle Creek Inc., Hermes international, VF corporation, callaway golf company, Samsonite International S.A., Marel Inc., Fenix outdoor, Tumi Holdings Inc., Pelican Products Inc., Black Diamond Equipment Ltd., Delsey SA, Patagonia Inc., Longchamp SAS, Travelpro International Inc., Thule Group, Kipling Retail LLC, High Sierra Sport Company, Timbuk2 Designs Inc., Briggs & Riley Travelware LLC, Swissgear, Rimowa GmbH, Deuter Sport GmbH, Everest Bag.

North America was the largest region in the travel bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the travel bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the travel bags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Travel bags are specialized luggage items crafted for securely and conveniently transporting belongings during travel. These bags come in diverse shapes, sizes, and designs, tailored to be durable and functional, ensuring travelers have a reliable and organized method for carrying clothing, accessories, and other essentials while on the move.

The primary types of products in travel bags include duffels, trolleys, and backpacks. A duffel is characterized by its large cylindrical shape and is usually made of canvas or similar fabric, often featuring a top closure. These bags are crafted from a variety of materials, including polyester, fabric, leather, and others, and are available in various price ranges such as premium, medium, and low. They are distributed through both online and offline channels for consumer convenience.

The travel bags market research report is one of a series of new reports that provides travel bags market statistics, including travel bags industry global market size, regional shares, competitors with a travel bags market share, detailed travel bags market segments, market trends and opportunities, and any further data you may need to thrive in the travel bags industry. This travel bags market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The travel bags market consists of sales of suitcases, backpacks, duffel bags, garment bags, tote bags, rolling luggage, and carry-on bags. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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