Luggage & Travel Bags Market by Type, Product, Distribution Channel

Description

List of Tables

[185 Pages Report] The Luggage & Travel Bags Market size was estimated at USD 27.41 billion in 2023 and expected to reach USD 29.19 billion in 2024, at a CAGR 6.60% to reach USD 42.90 billion by 2030.

Luggage and travel bags refer to containers or carriers designed for storing and transporting personal belongings and items while traveling. These bags are essential for travelers, helping them organize and carry their clothing, accessories, and other necessities conveniently and securely. Increase in international travel driven by globalization, growing disposable income in emerging economies, expanding tourism industry, and rising demand for smart luggage with features such as GPS tracking devices fueling access to a broader range of products and increasing adoption of lightweight bags made from eco-friendly materials. Intense competition among key players leads to price competitiveness impacting profitability margins, counterfeit products flooding the markets affecting consumer trust in established brands. Government regulations on baggage dimensions and weight restrictions cause inconvenience to passengers leading them to opt for alternative packaging solutions, significantly hampering the market demand. Furthermore, collaborations with fashion brands to create stylish luggage options catering to trend-conscious consumers; product innovations that cater to specific needs, such as space-saving designs or versatile functionality suitable for multi-purpose uses, create a market opportunity in the forecasted period.

KEY MARKET STATISTICS
Base Year [2023]	USD 27.41 billion
Estimated Year [2024]	USD 29.19 billion
Forecast Year [2030]	USD 42.90 billion
CAGR (%)	6.60%

Type: Growing popularity of carry-ons luggage for saving time and effort during the travel

Carry-ons luggage, or carry-on bags or cabin luggage, refers to a type of luggage that passengers can bring onboard an airplane and store in the overhead compartments or under the seat in front of them. Garment bags are specialized luggage designed to transport clothing, formal attire, and garments while minimizing wrinkles and maintaining their original condition. Kids' luggage is a specialized category explicitly designed for children and tailored to meet young travelers' needs and preferences, making travel experiences more enjoyable and exciting for kids and their parents. Luggage sets include multiple bags in varying sizes designed to accommodate the diverse packing needs of families or individuals on extended trips. Suitcases come in various sizes and materials suitable for short-term and long-term travel. They cater to individuals seeking durability, security features, maneuverability, and ample storage capacity.

Distribution Channel: significant demand for purchasing luggage & travel bags from specialist retailers for quality assurance over low prices or convenience

Factory outlets are physical retail stores operated by manufacturers or brands that sell their products directly to consumers and offer a range of luggage and travel bags produced by the brand. Factory outlets often offer products at discounted prices compared to regular retail stores, making them attractive to budget-conscious shoppers. Internet sales have become an increasingly popular distribution channel for luggage and travel bags as they offer convenience, a wide variety of choices, easy comparison of products and prices, and exclusive online discounts. Specialist retailers focus exclusively on luggage and travel bags while providing personalized services such as expert guidance on choosing the right products based on individual needs. These stores also ensure customers can physically examine various sizes or shapes of bags before making a purchase decision, appealing to those who prioritize quality assurance over low prices or convenience.

Product: Rising usage travel bag due to its high durability, capacity-weight ratio adaptability, and security features

Business bags cater to working professionals and emphasize style, functionality, and organization. Popular forms include briefcases, laptop bags, messenger bags, and backpacks. Casual bags comprise various everyday options, such as totes, crossbodies, backpacks, and duffel bags. Consumers usually choose these based on versatility, attractiveness, and convenience for shopping or short trips. Material quality is also a significant consideration when selecting casual bags. Travel luggage caters to various travel needs, from long vacations to weekend getaways, and varies in size from small carry-ons to large suitcases. Key factors consumers prioritize when selecting travel luggage include durability, capacity-weight ratio adaptability, and security features. Business bags cater to professional requirements focusing on organization and style; casual bags offer versatility and convenience for daily use, while travel bags address consumers' luggage needs during trips.

Regional Insights

Americas has a significant landscape in the luggage & travel bags market owing to strict regulations regarding product safety standards and environmental protection. Increasing disposable incomes, changing lifestyles, a growing tourism industry, and improvements in distribution channels have also contributed to the demand for the region's luggage and travel bags market. Strategic collaborations to develop smart luggage solutions are another factor manufacturers have adopted to enhance their regional presence. The EMEA region has witnessed rapid growth in eCommerce penetration in recent years as internet usage continues to proliferate across these regions; online sales of luggage and travel bags have also seen an upswing, which presents an immense opportunity for market players to establish their presence on various eCommerce platforms and capitalize on this trend. APAC has a developing market presence due to massive manufacturing capabilities and increasing consumer demand. Key manufacturers in this region have excelled in innovation by offering high-quality products with advanced features such as lightweight materials or smart tracking systems.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Luggage & Travel Bags Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Luggage & Travel Bags Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Luggage & Travel Bags Market, highlighting leading vendors and their innovative profiles. These include ACE Co., Ltd., Adidas AG, American Tourister, BRIC'S, Briggs & Riley, California Pak International, Inc., Delsey S.A., Deuter Sport GmbH, Emblem Luggage, Globe-Trotter Group Limited, Hartmann Luggage, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Nappa Dori Private Limited, Nasher Miles, Nike, Inc., Safari, Inc., Samsonite International S.A., Timbuk2 Designs, Inc., Tommy Hilfiger B.V., Totto, Travelpro Products, Inc., VIP Industries Limited, and Wildcraft India Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Luggage & Travel Bags Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Carry-Ons
- Garment Bags
- Kids' Luggage
- Luggage Sets
- Suitcases

Product
- Business Bags
- Casual Bags
- Travel Bags

Distribution Channel
- Factory Outlets
- Internet Sales
- Specialist Retailers

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Luggage & Travel Bags Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Luggage & Travel Bags Market?

3. What are the technology trends and regulatory frameworks in the Luggage & Travel Bags Market?

4. What is the market share of the leading vendors in the Luggage & Travel Bags Market?

5. Which modes and strategic moves are suitable for entering the Luggage & Travel Bags Market?

Product Code: MRR-434CCDA04567

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Booming Travel and Tourism Industry Globally
  - 5.1.1.2. Effects of Globalization and Growing Disposable Income among Middle-Class Population
  - 5.1.1.3. Rising Demand for Innovative Luggage Products
- 5.1.2. Restraints
  - 5.1.2.1. Availability of Cheaper Substitutes
- 5.1.3. Opportunities
  - 5.1.3.1. Technological Advancements Such as Smart Luggage with GPS Tracker
  - 5.1.3.2. Introduction of Sustainable Luggage & Travel Bags for Eco-Friendly Traveling
- 5.1.4. Challenges
  - 5.1.4.1. Highly Unorganized Distribution Network and Loosely Defined Regulatory Norms
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing popularity of carry-ons luggage for saving time and effort during the travel
- 5.2.2. Distribution Channel: significant demand for purchasing luggage & travel bags from specialist retailers for quality assurance over low prices or convenience
- 5.2.3. Product: Rising usage travel bag due to its high durability, capacity-weight ratio adaptability, and security features
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
- 5.9.1. Pricing Analysis & Trend
- 5.9.2. Consumer Analysis & Trend

6. Luggage & Travel Bags Market, by Type

6.1. Introduction
6.2. Carry-Ons
6.3. Garment Bags
6.4. Kids' Luggage
6.5. Luggage Sets
6.6. Suitcases

7. Luggage & Travel Bags Market, by Product

7.1. Introduction
7.2. Business Bags
7.3. Casual Bags
7.4. Travel Bags

8. Luggage & Travel Bags Market, by Distribution Channel

8.1. Introduction
8.2. Factory Outlets
8.3. Internet Sales
8.4. Specialist Retailers

9. Americas Luggage & Travel Bags Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Luggage & Travel Bags Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Luggage & Travel Bags Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Bioworld Adds to Their Luggage Category with the Recent Acquisitions of Hello Kitty, Weatherproof, and Rachel Roy
- 12.3.2. Luggage Companies Briggs & Riley and Solo partnered with JetBlue Travel Products to Launch First Retail Offering on Paisly
- 12.3.3. Blue Point-Backed Weaver Leather Zips Up Local Partnership with Ohio Travel Bag Acquisition

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio