0
2019
Kids Trolley Bags Market

Kids Trolley Bags Market

by Type (Hard Luggage and Soft Luggage), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Report Code: A05787
Pages: 198
Oct 2019 | 6013 Views
Author(s) : Sumesh K , Roshan D
Tables: 89
Charts: 46
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Kids Trolley Bags Market Outlook - 2026

The kids trolley bags market was valued at $347.3 million in 2018 and is estimated to reach $662.8 million by 2026, registering a CAGR of 8.6% from 2019 to 2026. In 2018, the Europe regional segment accounted for more than one-fourth of the share in the total kids trolley bags market and is expected to grow at a CAGR of 7.8% throughout the forecast period. 

Kids trolley bags are wheeled containers or bags or cases for kids, which holds traveling material like clothing, toiletries, trip necessities, and the souvenirs on the return trip. There are two types of kid’s trollies. These include hard luggage and soft luggage. These bags are made from wool, wood, leather, metal, plastic, fiber composite, and even recycled materials. These bags are comfortable and easy to carry for kids because of their wheeled mechanism. These trollies are getting popular among kids because of their cartoon printed outlook. In the past decade, consumers started accepting the trolley and luggage product as a lifestyle product.

Kids trolley bags market have been gaining traction in the emerging regions, owing to rise in affluent population. Furthermore, increase in demand for ultra-lightweight trolley bags drives the growth of the global kids trolley bags market. Moreover, rise in the growth of the tourism industry due to surge in interest of consumers in tourism and changes in lifestyle due to urbanization in the emerging countries also drives the growth of the global kids trolley market. However, easy availability of counterfeit products act as the major restraint for this market. On the contrary, growth in demand for trendy and fashionable kids trolley bags and increase in popularity of trolley bags among children in the emerging regions are anticipated to provide opportunities for the kids trolley bags market growth.

Kids Trolley Bags Market

The kids trolley bags market is segmented on the basis of type, distribution channel, and region. On the basis of type, the market is bifurcated into hard luggage and soft luggage. Based on distribution channel, it is divided into supermarket/hypermarket, specialty stores, online stores, and others. On the basis of region, the kids trolley bags market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Kids Trolley Bags Market
By Type

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The hard luggage segment would witness the fastest growth, registering a CAGR of 8.8% during the forecast.

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Based on the kids trolley bags market analysis by type, the hard luggage segment generated the maximum revenue in 2018 and is expected to continue this trend throughout the forecast. This can be attributed to higher durability of the hard luggage trolley bags. However, the soft luggage segment is expected to grow at the highest CAGR throughout the forecast period, owing to light weight and flexibility. 

Kids Trolley Bags Market
By Distribution Channel

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Online segment would witness the fastest growth, registering a CAGR of 10.0% during the forecast period.

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Based on the kids trolley bags market forecast, the specialty store was the most prominent segment accounting for the highest share in the kids trolley bags market. This is attributed to options such as discounts and trial before purchase as well as the benefit of immediate gratification. However, the online store segment is expected to witness the highest growth, owing to increase in penetration of internet and increased use of smartphones for online shopping as it allows the consumer to compare products in real time and make informed decisions.

Kids Trolley Bags Market
By Region

2026
Europe 
Notrth America
Asia-Pacific
LAMEA

Europe is the largest market growing at a CAGR of 7.8% from 2019-2026.

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By region, Europe is the most prominent regional market. This can be attributed to the highly evolved retail structure and higher adoption of kids trolley bags due to aggressive advertising and celebrity brand endorsement. Moreover, higher expenditure of the consumers on kids merchandise also adds to the popularity of kids trolley bags in this region. However, Asia-Pacific is expected to grow with the highest CAGR throughout the forecast period, owing to rapidly improving retail infrastructure and increase in disposable income of consumers in this region.

The players in the kids trolley bags industry have adopted product launch as their key development strategy to increase profitability, and to improve stance in the kids trolley bags market share. Some of the major players analyzed in this report are Cabin Max, DC Comics (the Araca Group), Disney, Micro Mobility Systems AG, Samsonite, Trunki, TRUNKI, VIP, and Wildkin.

Key Benefits for Kids Trolley Bags Market :

  • The report provides a quantitative analysis of the current kids trolley bags market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the kids trolley bags market size and segmentation assists in determining the prevailing market kids trolley bags market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the global kids trolley bags market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. 

Kids Trolley Bags Market Report Highlights

Aspects Details
By Type
  • Hard Luggage
  • Soft Luggage
By Distribution Channel
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, UAE, Rest of LAMEA)
Key Market Players CABIN MAX, CARTER’S, INC., MICRO MOBILITY SYSTEMS, SAMSONITE INTERNATIONAL S.A., STEPHEN JOSEPH INC., THE DISNEY STORE, TRAVELER’S CHOICE TRAVELWARE, TRUNKI, V.I.P. INDUSTRIES LIMITED, WILDKIN
 

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The kids trolley bags market holds a substantial scope for growth during the forecast period. Currently, the market is in its growth phase and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. 

The factors that drive the growth of the kids trolley bags market include increase in disposable income, rise in tourism promotion, and surge in accessibility of transport facilities. The developing countries in the Asia-Pacific region is expected to exhibit rapid growth in the future. In countries such as China and India, consumers are actively spending on travel and tourism and are promoting growth in the kids trolley bags market. There has been a growth in the affluent population in the emerging regions and as a result kids merchandise, and bags market has benefitted as these affluent consumers are prime target market.

The market players are formulating different strategies to remain competitive in the market. Product launch has been the key strategy used by the players in this industry to remain competitive and gain market share as well as to enhance the company’s product portfolios. Emerging economies are expected to provide lucrative opportunities for the growth and expansion of the market.
 

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FREQUENTLY ASKED QUESTIONS?

A. The forecast period of Kids Trolley Bags market report is from 2019 to 2026.

A. The global Kids Trolley Bags market was valued at $ 371.6 million in 2019

A. The report covers detailed profiling of key companies operating in the market including Cabin Max, DC Comics (the Araca Group), Disney, Micro Mobility Systems AG, Samsonite International SA, Trunki, TRUNKI, VIP Industries Ltd., and Wildkin

A. Top companies holding significant market share are Cabin Max, DC Comics (the Araca Group), Disney, Micro Mobility Systems AG, and Samsonite International SA.

A. The hard luggage segment of the report is expected to growth at a healthy CAGR during the forecast period

A. Growth in travel and tourism and rise in disposable income are significant factors that propel the growth of Kids Trolley Bags market.

A. Hard luggages for kids are currently trending in Kids Trolley Bags market.

A. Hard luggages segment of the report hold maximum market share in 2019.

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