Travel Accessories Market Overview, 2024-29

The global travel accessories market is experiencing significant growth, driven by the increasing popularity of international tourism, rising disposable incomes, and the proliferation of budget airlines and accommodation options. Additionally, the shift towards eco-consciousness is encouraging travelers to seek sustainable and durable materials, with manufacturers responding by introducing eco-friendly luggage options, reusable toiletry containers, and ethically sourced accessories. Moreover, the expansion of online retail has opened up global markets for travel accessory brands, enabling customers to access a wide range of products from anywhere in the world.

Online platforms have made it easier for companies to market products, launch new items, and reach a broader customer base with customizable and stylish options. Travel accessories are no longer solely about practicality; aesthetics and personalization play a crucial role in purchasing decisions, as travelers look for products that reflect their style and enhance their travel experience. The availability of smart travel accessories, such as GPS-tracked luggage and app-integrated locks, is also on the rise, appealing to travelers who prioritize safety and convenience.

Innovative products that provide additional functionality, such as luggage with built-in chargers or compression packing cubes, are particularly appealing to consumers who seek to optimize space and keep their belongings organized on the go. The post-pandemic era has also influenced the market as travelers now prioritize health and hygiene-related travel accessories.

Products like sanitizers, antibacterial wipes, personal cutlery sets, and touch-free keychains are gaining traction, reflecting a heightened awareness of personal safety and cleanliness. Additionally, the demand for ergonomic products like neck pillows and sleep masks is increasing as travelers seek comfort during long-haul flights and journeys. The demand for compact, travel-sized personal care products has also spiked as travelers opt for lightweight and space-saving items.

According to the research report "Global Travel Accessories Market Overview, 2024-29,", the Global Travel Accessories market was expected to reach a market size of more than USD 78.26 Billion by 2029 with the CAGR of 6.71% from 2024-2029. Consumers are looking for durable, lightweight, and versatile accessories that enhance comfort, organization, and security while traveling. Key product segments include travel bags, neck pillows, travel-sized personal care products, power banks, luggage locks, and organizers. Travel accessories are increasingly being designed with sustainability in mind, with demand for eco-friendly materials and multifunctional designs growing rapidly.

Technological integration is another crucial trend, with products like GPS-enabled luggage, RFID-protected wallets, and smart locks gaining popularity. The Asia-Pacific region is a major market due to a booming middle class, rising disposable incomes, and an increase in international travelers, particularly in countries like China and India. North America and Europe continue to be robust markets, supported by extensive corporate travel and leisure tourism. Major players in the travel accessories market include Samsonite, VIP Industries, American Tourister, Travel Blue, and Tumi Holdings, which dominate through a mix of premium and affordable products catering to varied consumer demands.

E-commerce and online travel agencies have also amplified the accessibility and variety of travel accessories, making it easier for consumers to explore and purchase products globally. Furthermore, personalized and travel-friendly solutions, such as compact toiletries, noise-canceling headphones, and water-resistant bags, are witnessing increasing demand as travelers seek convenience and safety in a post-pandemic landscape.

Market Drivers

• Rising Disposable Income and Tourism Growth: As economies grow, particularly in emerging regions like Asia-Pacific, Middle East, and Latin America, disposable incomes are increasing. This growth allows more people to travel, both domestically and internationally, creating a demand for a variety of travel accessories to enhance the travel experience. The post-pandemic recovery in tourism has also fueled this demand, as people prioritize leisure and explore new destinations.
• Growing Preference for Convenience: Modern travelers look for accessories that provide convenience, organization, and multifunctional use. For instance, products like neck pillows with built-in hoods, travel bags with separate compartments for electronics, or RFID-blocking wallets cater to these needs. The preference for items that save space, are lightweight, and fulfill multiple functions is especially high among younger travelers and business professionals. As remote work becomes more prevalent, there is also a rise in “workation” travelers who need functional accessories to blend work with travel.

Market Challenges

• Intense Competition: The travel accessories market is highly competitive, with numerous brands, from luxury to budget, vying for consumer attention. Major brands like Samsonite and Tumi face competition from newer, smaller brands that offer lower prices or unique, specialized products. Price sensitivity among consumers is particularly strong in emerging markets, where budget-friendly products dominate. To stay competitive, companies must balance quality with affordability, which can strain profit margins.
• Sustainable Production: As environmental awareness grows, consumers increasingly demand eco-friendly products and sustainable materials. This demand challenges manufacturers to adopt sustainable practices, such as using recycled materials or ensuring ethical labor practices. Transitioning to sustainable production can be costly and may reduce profit margins if the brand is unable to justify higher prices for eco-friendly items. Moreover, ensuring that products are lightweight, durable, and sustainable without compromising on functionality requires significant research and development investment.

Market Trends

• Technological Integration in Accessories: The integration of technology into travel accessories is an emerging trend that appeals to tech-savvy travelers. Smart luggage with GPS tracking and built-in power banks is becoming more popular as it provides added convenience and security. Other accessories, such as RFID-protected wallets, help prevent digital theft, while Bluetooth-enabled trackers allow travelers to monitor their belongings. The trend is especially strong in North America, Europe, and Asia-Pacific, where consumers are willing to pay for high-tech solutions.
• Sustainability and Eco-Friendly Travel Products: Eco-conscious consumers are pushing for more sustainable travel accessories made from recyclable or biodegradable materials. Brands are increasingly launching products made from organic cotton, recycled plastics, and other sustainable materials. For example, companies are creating bags and travel kits from ocean-recycled plastics or sustainably sourced fabrics, aiming to reduce the environmental footprint. Packaging is also a focus, with more companies using recyclable or minimal packaging.

The growing reliance on electronic devices for navigation, communication, and entertainment during travel is driving the demand for portable chargers in the global travel accessories industry.

In today's fast-paced, technology-driven world, the reliance on electronic devices such as smartphones, tablets, and laptops has significantly increased, especially among travelers. Portable chargers have emerged as an essential travel accessory, providing a practical solution to the common problem of battery depletion when on the go. This trend is fueled by several interrelated factors, including the growing need for connectivity, the rise of mobile applications for travel, and the expanding variety of devices that consumers carry. As the digital landscape evolves, travelers are using their devices for various purposes, including navigation, booking accommodations, accessing travel itineraries, and staying connected with family and friends.

Travel apps have become indispensable, offering functionalities that range from real-time translation to local recommendations. For instance, apps like Google Maps or Uber rely heavily on battery life to function efficiently. With travelers increasingly depending on these services, a dead battery can lead to inconvenience and even significant challenges, particularly in unfamiliar places.

The portable charger market has also benefited from significant advancements in technology. Modern chargers are more efficient, compact, and lightweight than their predecessors, making them highly convenient for travelers. Innovations such as fast charging, solar-powered chargers, and multi-device compatibility have expanded the appeal of portable chargers.

With the advent of high-capacity power banks that can charge multiple devices simultaneously, travelers can carry fewer accessories and have the confidence to keep all their devices charged, whether they are on a long flight, hiking in remote areas, or simply exploring a city. The convenience offered by portable chargers fits perfectly into the fast-paced lifestyle of today's travelers, who prioritize efficiency and functionality in their travel gear.

Retailers and e-commerce platforms are responding to this growing demand by expanding their offerings of portable chargers, providing consumers with a wider selection of products to meet their specific needs. Brands are competing to create more innovative designs, such as stylish, durable, and eco-friendly models that align with the values of environmentally-conscious consumers.

The convenience and accessibility of online shopping, combined with the growing trend of e-commerce, are driving the rapid growth of online channels in the global travel accessories industry.

The global travel accessories industry is experiencing a significant shift toward online channels, primarily fueled by the convenience and accessibility that e-commerce platforms offer to consumers. As more individuals adopt online shopping habits, travel accessories are increasingly being purchased through digital platforms rather than traditional brick-and-mortar stores. This transition is largely driven by several factors, including the evolving preferences of consumers, advancements in technology, and the unique benefits that online shopping provides. One of the primary reasons for the growth of online channels in the travel accessories market is the increasing demand for convenience.

Consumers today lead busy lives, and the ability to shop from the comfort of their homes or on the go has become a significant advantage. Online shopping eliminates the need to travel to physical stores, search for parking, and navigates crowded retail environments. Instead, shoppers can browse a wide array of products from various brands with just a few clicks. This convenience is particularly appealing for travel accessories, which are often purchased in advance of trips. Consumers can easily compare prices, read reviews, and select items that best suit their needs without feeling rushed or pressured by sales staff. Additionally, the rise of mobile shopping has further bolstered online sales.

With smartphones becoming ubiquitous, consumers can now shop for travel accessories anytime and anywhere. The development of mobile-friendly websites and dedicated shopping apps has made the online purchasing process more streamlined and user-friendly. Shoppers can quickly access their favorite travel brands, track orders, and receive personalized recommendations based on their previous purchases. This accessibility allows brands to engage with consumers more effectively and cater to their preferences, ultimately driving sales through online channels.

The rapid growth of the Asia-Pacific (APAC) region's middle class, coupled with increasing travel and tourism activities, is driving the expansion of the global travel accessories industry in this area.

At the forefront is the rapid expansion of the middle class across various countries, particularly in China, India, and Southeast Asia. As disposable incomes rise and urbanization accelerates, an increasing number of people are gaining the financial capability and inclination to travel. This burgeoning middle class not only seeks leisure travel but also engages in business travel, contributing to a robust demand for travel accessories that enhance the overall travel experience. Improved infrastructure and connectivity within the region have made travel more accessible than ever before.

Governments in APAC countries have invested heavily in transportation networks, including airports, rail systems, and roadways, facilitating easier movement for both domestic and international travelers. Additionally, the expansion of low-cost airlines has made air travel affordable, encouraging more people to explore new destinations. As travel becomes more accessible, consumers are increasingly interested in purchasing travel accessories that can enhance convenience, comfort, and efficiency during their journeys. Another critical factor driving the growth of the travel accessories market in APAC is the rise of digital technology and e-commerce.

As internet penetration and smartphone usage increase in the region, consumers are increasingly turning to online platforms to research and purchase travel accessories. E-commerce provides travelers with a wider selection of products than traditional retail channels, allowing them to compare prices, read reviews, and find specialized items that meet their unique needs. This trend is particularly pronounced among younger consumers, who value the convenience of online shopping and are more likely to seek out innovative and functional travel accessories that enhance their travel experience.

Brands are responding to this demand by enhancing their online presence, optimizing websites for mobile shopping, and leveraging social media marketing to reach tech-savvy consumers. Furthermore, cultural shifts in travel preferences also contribute to the growth of the travel accessories market in APAC. With an increasing focus on experiential travel, consumers are more interested in personalized and unique travel experiences.

Considered in this report

• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report

• Travel Accessories market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type

• Travel Bags
• Travel Pillow And Blanket
• Portable charger
• Pet Travel Accessories
• Travel Toiletry
• Travel Safety kit
• Others

By Distribution Channel

• Supermarkets and Hypermarkets
• Speciality Stores
• Factory Outlets
• Online Stores
• Others

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases.

After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Travel Accessories industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.