According to IMARC Group’s new research report, titled “Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global travel bags market travel bags market reached a value of US$ 19.7 Billion in 2020. Looking forward, IMARC Group expects the market to register a CAGR of 6% by 2026.
The expanding tourism sector, along with the growing number of travel and tourism activities, is propelling the market for travel bags. The elevating consumer living standards supported by their rising disposable income levels have augmented the demand for premium and luxury travel bags. Additionally, the increasing consumer inclination towards customized product variants is also driving the global market. Apart from this, the emergence of sustainable and eco-friendly travel bags that use natural and organic fabric dyes, organic canvas, recycled leather, etc., will continue to catalyze the market growth in the coming years.
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Travel bags are widely used by tourists, travelers, explorers, and trekkers, to carry their clothes and other belongings. Some of the common product variants include duffel bags, rolling luggage, wheeled backpacks, weekenders, totes, etc. These travel bags are mostly available in a variety of sizes, patterns, and colors and can be customized according to consumer preferences and needs.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global travel bags market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, material, luggage type, price range, demography, and distribution channel.
Breakup by Material:
Breakup by Luggage Type:
Breakup by Price Range:
Breakup by Demography:
Breakup by Distribution Channel:
Breakup by Region:
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The competitive landscape of the industry has also been examined with some of the key players being Delsey SA, Deuter Sport, Fenix Outdoor, Hermès, Kering, Louis Vuitton, Lowe Alpine, LVMH, Osprey, Rimowa, Samsonite, Timbuk2, Victorinox, VIP Industries, etc.
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