Kids Travel Bags Market Worth $509.2 Million By 2025 | CAGR: 15.5%


Posted July 22, 2020 by sitakant

The global kids travel bags market size is expected to reach USD 509.2 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.5% over the forecast period.

 
The global kids travel bags market size is expected to reach USD 509.2 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.5% over the forecast period. The market growth is attributed to growing trend of family trips, educational tours of kids, and inclination towards outbound travels. Shifting preference towards leisure travels with families also acts as a driving factor for increasing penetration of kids traveling bags on account of providing a sense of responsibility as well as fun to carry own luggage.
Rising awareness of kid’s luggage such as trolley bags, backpacks, and duffle bag has increased the importance of carrying a kid’s travel luggage. The product is gaining traction due to children getting engaged in taking care of their own luggage, which increases their engagement and helps them keep more involved as the activity requires concentration. Moreover, high engagement of kids towards their luggage helps in easing out the burden on parents and also helps carve the feeling of responsibility in children. Moreover, introduction of ride-on-suitcase for children by various companies such as Trunki and SkootCases, which can be ridden by children and at the same time act as a trolley suitcase.
Backpack is expected to witness the highest CAGR of 15.9% from 2019 to 2025. Introduction of rolling backpacks by producers is expected to significantly boost the growth of this segment owing to the option of rolling down as well as carrying it on shoulders by kids. For instance, in 2018, Kreative Kids, Inc. has introduced Plush Rollers as rolling backpacks for children, which are available in different animal characters.
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Furthermore, manufacturers are constantly introducing newer innovative products in order to catch hold of child’s attention towards the product. Thus, there are a wide range of cartoon character travel bags available for children such as collection of Marvel, Disney Princess, Pokemon, Car Racing, and other attractive collection in the form of trolley suitcase as well as backpacks.
Europe led the market and held 33.3% share of the global revenue in 2018. According to studies, in 2017, 26% of the European population is bound to indulge in outbound tourism, once every year. Thus, growing trend of travel and hospitality results in increased sales of travel bags and therefore, increase the demand for kids travel bags.
Further key findings from the report suggest:
• Europe held the maximum share in the global kids travel bags market owing to increasing preference for travel and tourism as well as large concentration of players
• By product type, trolley accounted for a revenue share of 74.5% in 2018.Backpack is expected to expand at a CAGR of 15.9% due to rising inclination towards smaller and slimmer bags
• The industry is highly competitive in nature with the main players including Samsonite; Trunki; Carter’s Inc.; Smiggle; Elodie Details AB; Mattel, Inc.; SANRIO CO., LTD.; TOMY; Babymel; and IQ Toy.
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Grand View Research has segmented the global kids travel bags market on the basis of product type, distribution channel, and region:
Kids Travel Bags Product Type Outlook (Revenue, USD Million, 2015 - 2025)
• Trolley
• Backpack
• Others
Kids Travel Bags Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
• Hypermarket/Supermarket
• Specialty Stores
• Online
• Others
Kids Travel Bags Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
o U.S.
• Europe
o Germany
o U.K.
• Asia Pacific
o India
o China
• Central & South America
o Brazil
• Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Industry , Manufacturing
Tags Kids Travel Bags Market
Last Updated July 22, 2020