Travel Accessories Market Report 2024

This Travel Accessories market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The travel accessories market size has grown strongly in recent years. It will grow from $49.38 billion in 2023 to $53.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth during the historic period can be attributed to the influence of fashion trends on travel accessories, rapid urbanization, social media impact, an increasing focus on health and wellness, and a growing youth population.

The travel accessories market size is expected to see strong growth in the next few years. It will grow to $71.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising disposable income, the expansion of the travel industry, increasing international tourism, lifestyle changes, and more frequent business travel. Major trends during this period include a shift towards personalized and customizable travel accessories, innovations in accessory design, a demand for sustainable and eco-friendly products, the adoption of multipurpose and convertible accessories, and a growing interest in smart luggage.

The growing interest in travel and tourism for leisure purposes is projected to boost the travel accessories market. Travel and tourism cover a wide range of services and experiences, including transportation, accommodation, entertainment, and exploration, aimed at providing relaxation, adventure, and cultural enrichment to travelers. The rise in these activities is driven by factors such as increasing disposable incomes, enhanced transportation infrastructure, globalization, and a heightened desire for unique and varied experiences. Travel accessories play a crucial role by enhancing convenience, comfort, and organization, leading to a smoother and more enjoyable travel experience. For example, a report from the United Nations World Tourism Organization in May 2023 revealed that international tourist arrivals in the first quarter of 2023 reached 80% of pre-pandemic levels, with around 235 million travelers - a more than twofold increase compared to the same period in 2022. The tourism sector demonstrated strong resilience, with revised data showing that over 960 million international tourists traveled abroad in 2022, recovering about two-thirds (66%) of pre-pandemic levels, indicating the industry's robust recovery and renewed momentum. Consequently, the increasing travel and tourism activities for leisure are driving the growth of the travel accessories market.

Key players in the travel accessories market are creating innovative products, such as those made from upcycled aircraft interiors, to repurpose materials that would otherwise be discarded. These accessories are crafted from repurposed materials from decommissioned or retired aircraft. For example, in November 2023, Emirates, a UAE-based airline, introduced a capsule collection of luggage, bags, and accessories. This collection is notable for being made from upcycled materials from retrofitted aircraft, including the Emirates A380 and 777 models. The limited-edition collection, designed and handmade by Emirates tailors in Dubai's Emirates Engineering facility, features suitcases, backpacks, handbags, cardholders, toiletry bags, belts, and shoes. The accessories include materials such as aluminum headrests, leather from A380 lounge couches, seatbelts, and even fur from the captain’s seat, offering a unique combination of style and aviation history.

In January 2024, AllGear Digital, a US-based provider of print and publishing services, acquired Pack Hacker for an undisclosed amount. This acquisition aligns with AllGear Digital’s strategy of acquiring leading brands that provide valuable information to audiences eager to enhance their adventures. The partnership allows Pack Hacker to work with a team of experts and leverage advanced infrastructure, facilitating its growth and influence. Pack Hacker is a US-based manufacturer of travel accessories.

Major companies operating in the travel accessories market are Delsey, LVMH Group, Nike Inc., Adidas AG, Decathlon SA, VF Corporation, Samsonite, Rimowa GmbH, Victorinox AG, Tumi Holdings Inc., CE Luggage Co. Ltd., United States Luggage Company LLC, Magellan's, MCM Worldwide Ltd., VIP Industries Ltd., Osprey Packs, Travelpro Products Inc., Timbuk2, Eagle Creek Inc., Briggs & Riley, Gregory Inc., TravelSmith Outfitters, American Tourister Inc., Travel Blue Ltd., Sinox Company Ltd.

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

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

Travel accessories are designed to improve the convenience, comfort, and safety of travelers. These items address various travel needs, including organization, security, comfort, and health, helping to overcome common travel challenges and making journeys more efficient and enjoyable.

Key travel accessories include travel bags, travel outfits, business cases, electronic accessories, personal leather goods, toiletries, food containers, travel pillows and blankets, locks, and more. Travel bags, for example, are large, durable bags intended for carrying personal belongings during travel. They are available in different price ranges, including premium, mid-range, and budget options, and are distributed through various channels such as supermarkets, specialty stores, factory outlets, online platforms, and multi-brand retailers.

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

The travel accessories market consists of sales of packing cubes, travel umbrella, universal travel adapter, luggage tags and travel routers. 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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