According to Goldstein Research, global travel bag market is expected to reach USD 53.16 billion by the end of 2024 from USD 33.10 billion in 2016, growing at a CAGR of 6.1%. Leading industry players are investing in marketing and R&D to manufacture innovative, lighter, stronger and cost effective products are further driving the growth of global travel bags market. Global travel bag market segmentation has been done on the basis of price range, types of travel bags, distribution channel and geography. Increasing demand for travelling and adventurous sports are expected to boost the market for light weighted, strong and designer travel bags. For the leading manufacturers, making travelling altogether a different experience is their main focus.

Global travel bag market share is majorly acquired by North America and followed by Europe in terms of travel bags manufacturing. Europe has a top-line growth in fashionable travel bags across the globe. With the growth in Latin America travel and tourism industry, it is expected to be opportunistic market in future. Whereas, Asia Pacific and Middle East are estimated show a prospective market growth during the forecast period owing to rising number of international and domestic travels in these regions.

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Market Segmentation

On the basis of our in-depth analysis, Global Travel Bag Market can be segmented as follows:

Based on Price-Range

o High-Price Range
o Medium-Price Range
o Low-Price Range

Based on Types of Travel Bags

o Trolley Bags
o Backpacks
o Duffle Bags

Based on Distribution channel

o Online Distribution Channel
o Offline Distribution Channel
On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Travel Bag Market Outlook 2024” contains detailed overview of the global travel bag market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by price range, types of travel bags and distribution channel.

Further, for the in-depth analysis, Global Travel Bag Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Samsonite International, VIP Industries Ltd., United States Luggage Company (LLC), Shanghai Fochier International, Louis Vuitton, Rimova, VF Corporation, Ace Co. Ltd., Nike, Puma, Everest, Safari industries, Richardo Beverly Hills, Targus Group International Inc., Travelpro International Inc., New Travel Sports Co. Ltd., Delsey SA, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global travel bag market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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