According to the latest report by IMARC Group, titled “Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global travel bags market size reached US$ 19.7 Billion in 2020. Travel bags refer to flexible and lightweight containers that are utilized to carry an individual’s personal belongings while traveling. Widely used by tourists, trekkers and explorers, they can be manufactured using a vast array of materials, including nylon, polyester, cotton, leather, polypropylene, polycarbonate and acrylonitrile-butadiene-styrene (ABS). They are generally waterproof, exceptionally durable in nature and available in the market in a vast array of sizes, designs and colors. Some of the commonly preferred travel bags include totes, duffel bags, travels packs and wheeled luggage.
Request for a PDF sample of this report: https://www.imarcgroup.com/travel-bags-market/requestsample
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Travel Bags Market Trends:
The global market is primarily driven by significant growth in the tourism sector. Coupled with rapid urbanization and the inflating disposable income levels of the masses, this has impelled travelers to invest in good-quality travel bags. There has also been an increase in the number of air travelers across the globe due to the reducing flight fares. This has contributed to an increase in the demand for lightweight and ultra-lightweight wheeled luggage with hard side material that is preferable for traveling on flights. The market is further driven by easy product availability through online retail channels. These online portals offer a vast array of travel bags with diverse designs at relatively affordable prices while providing enhanced convenience to the users in the form of flexible payment options and easy return/exchange policies. Moreover, premium and luxury travel bags with creative and visually appealing designs are also gaining widespread popularity among the urban population, which is creating a positive outlook for the market growth. Also, an enhanced focus on sustainable development has impelled travelers to opt for eco-friendly variants that are manufactured using natural and organic fabric and dyes. Some of the other factors contributing to the market growth include the rising popularity of trekking and related adventure sports activities among the masses and the aggressive promotional activities by several key players. On account of the aforementioned factors, the market is expected to witness moderate growth during 2021-2026.
Competitive Landscape with Key Players:
Breakup by Material Type:
Breakup by Luggage Type:
Breakup by Price Range:
Breakup by Demography:
Breakup by Distribution Channel:
Breakup by Region:
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/travel-bags-market
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
Pet Bottle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Vietnam Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Automotive Connectors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Cosmetic Implants Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Awning Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.