Travel and tourism is one of the worlds significant and largest foreign exchange earner among various industries. The substantial boom in the travel and tourism sector (including medical tourism) fosters the demand for various types of travel bags. The robust movement of business travelers, further fuels the requirement of travel bags especially backpacks and trolleys.
Rise in travel and tourism has intensified the demand for travel bags. Besides, increase in urbanization, changes in lifestyle, and demand for innovative products such as polycarbonated luggage is further expected to impel the global travel bags market between 2017 and 2023. Increase in purchasing power of middle class households especially in the developing regions is anticipated to create more demand for premium and fashionable travel bags in the region. The advancement in technology such as development of smart luggage with GPS system tracker is also projected to expand the growth of overall market during the forecast period (2017-2023).
The global travel bags market is segmented based on material into hard side, soft side, and others. The market is also divided by type of luggage into duffle, trolley, and backpacks. The market is further sub-divided by different price range, which includes premium, mid, and low and by distribution channel into supermarket/hypermarket, specialty stores, factory outlets, online stores, and others. Geographically, the market is categorized across North America, Europe, Asia-Pacific, and LAMEA.
Key players identified across the value chain of this report include Delsey SA, VIP Industries, Targus Group, Samsonite Company, Ace Co. Ltd., U.S. Luggage Company, Shanghai Fochier International, Travelpro International, Rimova, and others.
- The study provides an in-depth analysis of the travel bags market with current and future trends to elucidate the imminent investment pockets in the market.
- The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
- Porters Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers.
- Market player positioning in the report provides a clear understanding of the position of leading companies.
Travel Bags Market Key Segmentation
By Material Type
By Type Of Luggage
By Price Range
By Distribution Channel
- Specialty Stores
- Factory Outlets
- Online Stores
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Delsey SA
- VIP Industries
- Targus Group
- Samsonite Company
- Ace Co. Ltd.
- U.S. Luggage Company
- Shanghai Fochier International
- Travelpro International