Ride-on Luggage Market Research, 2031
The global ride-on luggage market was valued at $182.3 million in 2021, and is projected to reach $304.2 million by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
Ride-on luggage is a special type of luggage that enables the users to sit or stand on the luggage and ride it. It is made to make travel easier as well as eliminate the need to carry around heavy suitcases and bags. Most of the ride-on luggage are conventional and need to be manually driven, while some of the ride-on luggage have motors & batteries and can be driven with the help of accelerators and brakes.
An improvement in economic conditions and an increase in disposable income are the major factors driving the growth of the ride-on luggage market. Following the European and Chinese economic crises in 2009, the global economy came to a halt. The strong recovery from the crisis, on the other hand, resulted in significant economic growth, particularly in developing economies, as well as an increase in disposable income among middle-income groups. Furthermore, disposable income in North America and Asia-Pacific has increased rapidly, acting as a major driver of the Ride-on Luggage industry growth as middle- and high-income urban consumers have shifted their purchasing habits from essential to premium goods and services. This fuelled the growth of the ride-on luggage market by increasing the purchase of high-quality and high-priced products such as rideable suitcases and luggage attached to scooters.
Travel and tourism encompass leisure & ride-on luggage, business & leisure tourism, medical tourism, and other types of tourism. Changes in lifestyle, increased tourism promotion, and improved transportation accessibility are all factors that contribute to the growth of the travel and tourism industry. Furthermore, continuous development in the travel and tourism industry, as well as integration of various segments such as hospitality and infrastructure with government initiatives accelerates the growth of the global travel and tourism industry. As a result, consumers are traveling more frequently and investing heavily in their luggage as it is the primary means of transporting and protecting all their essential goods. All airports, railway stations, and other modes of transportation allow the use of ride-on luggage, particularly traditional ride-on luggage in the form of sit-on luggage and scooter luggage, making it easier for consumers to travel and increasing ride-on luggage sales.
Rechargeable lithium-ion batteries are used in motorized ride-on luggage. Lithium-ion batteries can explode in low-pressure environments, making them dangerous on flights. Although the TSA (Transportation Security Administration) of the U.S. allows certain recognized brands of motorized luggage on airlines, many airports and flight regulatory authorities around the world continue to prohibit the transport of battery-powered luggage. This is especially common in developing countries around the world, where authorities must deal with consumer inadequacy in the handling of electronic equipment while traveling. Electronic luggage restrictions in various parts of the world discourage consumers from purchasing motorized ride-on luggage, which has a negative impact on the ride-on luggage market.
With increased internet penetration around the world, there has been a massive increase in the number of users of various social media platforms and other informative & general browsing websites. This rapidly growing user base includes children as young as 13 years old. Taking these trends into account, most of the market's key players develop strategies for promoting their products on these digital and social media platforms. Social media and digital marketing are two major strategies used by market participants to raise awareness of their product offerings among target customers via social media channels. Furthermore, the growth in popularity of ride-on luggage among travel influencers is increasing consumer interest in the product, which is expected to help increase the Ride-on Luggage Market Size in the future.
The availability of ride-on luggage in developed nations is one of the major factors responsible for the growth of the market. In addition, the presence of manufacturers in China and the surge in the number of ride-on luggage manufacturers in India, especially for ride-on luggage for kids, are anticipated to lead to further growth of the market in the future. Furthermore, the rise in interest in ride-on luggage among the younger generation of consumers in Asia-Pacific is projected to help increase the Ride-on Luggage Market Demand in the future.
The ride-on luggage market is segmented into Type, End User, Distribution Channel, and Region. By type, the ride-on luggage market is classified into conventional and motorized. Depending on end users, the market is categorized into adults and children. By distribution channel, the market is bifurcated into offline and online channels of sale. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Traditional ride-on luggage is designed primarily for children, however, there are many types of such luggage designed for adults as well. Owing to the lower prices of this type of luggage and the lack of restrictions on the use of such type of luggage at airports and other modes of transportation, this is the most common type of ride-on luggage in demand and holds the major Ride-on Luggage Market Share. Traditional ride-on luggage for children is intended for children to sit on and be pulled or pushed to move. They are smaller and intended to hold clothes and toys for children who use the luggage. Adult luggage is typically two-wheeled scooters attached to the back of suitcases or bags. Adults are also the primary target market for motorized ride-on luggage. It has an electric motor and handles, and it can be ridden using accelerators and brakes. These are typically used for packing smaller amounts of luggage and are designed to travel at slower speeds to provide greater safety and control over the luggage. Consumers are gradually becoming more interested in motorized ride-on luggage. These bags have built-in or replaceable batteries that power a small motor connected to the bags' wheels, allowing the bags to move when acceleration is applied via the handlebar. Smart motorized ride-on luggage bags are often equipped with features such as inbuilt battery packs that allow charging of devices such as smartphones and tablets.
Adults are the most likely to purchase ride-on luggage. They are more knowledgeable about the product specifications and are the primary decision makers when it comes to purchasing ride-on luggage. However, the use of ride-on luggage is less common among adults, particularly those over the age of 35. Adult ride-on luggage is mostly found in the scooter and motorized categories. These suitcases have sophisticated designs with subdued color schemes to make them less noticeable and to give the luggage a sense of grandeur and elegance. Furthermore, they are designed to be larger in order to accommodate larger quantities of clothing and utilities. Ride-on luggage is most commonly used by children. Children are more likely to become tired easily while traveling, making ride-on luggage more useful for them. Children are usually not involved in the decision-making process when it comes to purchasing ride-on luggage, and they are mostly concerned with the appearance of the luggage. Children's ride-on luggage consists primarily of suitcases with comfortable saddle-like fittings on top of the suitcases, as well as straps and handles for pulling the suitcases. Children's scooter suitcases are also available, with hard suitcases attached to the front of the scooters. The designs on ride-on luggage for children are mostly bright colored and they frequently feature different cartoons and characters from various franchises.
In order to fully cater to customers, supermarkets and hypermarkets offer a wide variety of products under one roof. Specialty stores sell only one type of product or service and all related items. To maximize their resources and profits, many popular brand stores around the world sell their own equipment. The ability to buy and return products quickly, as well as in-person inspection of the apparatus and its components are all advantages of offline sales channels for ride-on luggage. Customers can also visit the stores to browse a large selection of refurbished equipment and knowledgeable sales representatives are available to assist them in selecting the best equipment for their needs and budget. Online marketplaces are popular places to buy ride-on luggage. One of the reasons for the increase in sales through online channels is the large selection of ride-on luggage available to customers without having to spend a lot of time going to and looking through different stores.
The presence of a large number of players in the region's ride-on luggage and suitcase markets, particularly in the U.S., is a major factor driving the region's ride-on luggage market growth. A rise in travel and increased spending on sophisticated luggage while traveling is a major driver of market growth in the region. Traveling activities to relieve work-related stress and improve mental health & wellbeing are becoming increasingly popular in Europe, fueling market growth in the region. The rise demand for technological advancements in luggage bags and traveling gear is also boosting the Ride-on Luggage Market Forecast.
Some of the major players analyzed in this report are Airwheel Holding Limited, Elan Travel System LLC, Hebei Faye Co., Ltd., Kiddietotes, Kids Luggage Store, Micro Mobility Systems AG, Modobag, Ningbo zhongdi Stereo luggage manufacturing co. LTD, Olaf scooter, Pretty Coast Plastic Toys Co., Ltd., Rydebot LLC, Stokke AS, Trunki , Tucci Disegno, and Younglingz.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ride-on luggage market analysis from 2021 to 2031 to identify the prevailing ride-on luggage market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ride-on luggage market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ride-on luggage market trends, key players, market segments, application areas, and market growth strategies.
Ride-on Luggage Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 304.2 million |
 Growth Rate | CAGR of 5.4% |
 Forecast period | 2021 - 2031 |
 Report Pages | 370 |
 By Type |
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 By End User |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Micro Mobility Systems AG, Stokke AS, Elan Travel System, Modobag, Pretty Coast Plastic Toys Co., Ltd., TUCCI DISEGNO, Kids Luggage Store, Rydebot, Hebei Faye Co., Ltd., Kiddietotes, Olaf Scooter, Trunki, Ningbo Zhongdi Three-Dimensional Luggage Manufacturing Co., LTD., Younglingz LLC, Airwheel Holding Limited |
Analyst Review
According to the CXOs of various leading companies, the ride-on luggage market is expected to have decent growth in the future. The ability to ride a suitcase at an airport or railway station helps in eliminating the need to carry heavy luggage bags on their backs or shoulders or in hand, which makes them attractive to the consumers, thus increasing their sales. These types of products are primarily made for consumers with higher spending power, however, improvements in the manufacturing process as well as reduction in the production costs can help the market in the future.
Ride-on luggage is primarily made for kids as they are more susceptible to becoming tired while traveling. Furthermore, the ability of the parents to fully control the ride-on luggage as well as the ability in most ride-on suitcases for children to be able to transform into a portable bed can further help their children to rest. Motorized ride-on luggage can be useful for older consumers or consumers with medical conditions as it helps to move through the airports and railway stations easier. As the speed of the suitcases are not very fast, it allows for safer travels, which further enables the purchase of such types of luggage.
The price of ride-on luggage is high, which can deter many consumers from purchasing such types of luggage. However, with increasing incomes across the world as well as the increase in the spending power of consumers across the world, it provides greater growth opportunities to the ride-on luggage market across the world. Increasing interest in tourism and traveling with style similar to celebrities is leading consumers to spend more on traveling, leading to greater growth opportunities for the market.
The ride-on luggage market was valued at $182.3 million in 2021 and is estimated to reach $304.1 million by 2031, registering a CAGR of 5.4% from 2022 to 2031.
The global ride-on luggage market registered a CAGR of 5.4% from 2022 to 2031.
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The forecast period in the ride-on luggage market report is from 2022 to 2031.
The top companies that hold the market share in the ride-on luggage market include Airwheel Holding Limited, Elan Travel System LLC, Micro Mobility Systems AG, and Modobag.
The ride-on luggage market report has 3 segments. The segments are type, end user, and distribution channel.
The emerging countries in the ride-on luggage market are likely to grow at a CAGR of more than 8.0% from 2022 to 2031.
Following COVID-19, increased expenditure on travel and leisure, as well as the increasing availability of ride-on luggages through online channels and availability of ride-on luggage through online channels led to increased led to an increase in ride-on luggage sales.
Europe will dominate the ride-on luggage market by the end of 2031.
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