The global travel bag market has reached US$16.2 billion in 2021. Looking ahead, the publisher expects the market to reach US$23.2 billion by 2027, with a compound annual growth rate of 6.17% over the period 2021-2027.
Keeping in mind the uncertainties related to COVID-19, we are constantly tracking and evaluating the direct and indirect impact of the pandemic. These insights are included in the report as a major contributor to the market.
Travel bags are a type of travel gear used by explorers, hikers, tourists, and travelers to carry their clothes and other belongings. Duffel bags, wheeled backpacks, spinners, weekenders, handbags and travel packs are some of the most popular types of travel bags available in the market. The rigid side variants are manufactured using materials such as polypropylene, polycarbonate and acrylonitrile butadiene styrene (ABS) and are suitable for holding electronic gadgets and fragile products.
The durable, lightweight shapes with soft sides, on the other hand, are manufactured using nylon, polyester, cotton, leather and vinyl. These travel bags are available in a variety of sizes, styles and colors and can be customized according to consumers’ requirements.
The growing tourism industry, along with rapid urbanization across the globe, is currently one of the major factors driving market growth. Moreover, consumers now tend to spend on luxury and luxury travel bags to keep up with the ever-changing trends.
Several product innovations, such as launching visually appealing and creative designs, along with eco-friendly variants also create a positive market outlook. Consumers are increasingly relying on travel bags and suitcases, which are made using natural and organic textile dyes, organic canvas, recycled leather and other environmentally friendly materials.
Other factors, including strong promotional activities by brands and the development of an online retail market that provides a hassle-free shopping experience to customers while offering a wide range of options to choose from, are expected to drive the market further.
Key questions answered in this report
1. How big is the global travel luggage market in 2021?
2. What is the expected growth rate of the global travel bags market during 2022-2027?
3. What are the key factors driving the global Travel Bags market?
4. What is the impact of COVID-19 on the global Travel Bags market?
5. What is the segmentation of the global Travel Bags market on the basis of material type?
6. What is the segmentation of the global Travel Bags market on the basis of luggage type?
7. What is the global travel luggage market segmentation based on price range?
8. What is the segmentation of the global Travel Bags market on the basis of demographics?
9. What is the breakdown of the global Travel Bags market on the basis of distribution channel?
10. What are the key regions of the global Travel Bags market?
11. Who are the major players/companies in the global Travel Bags market?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key industry trends
5 Global Travel Bags Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Outlook
6 Segmentation of the market by type of material
7 Market Segmentation by Luggage Type
8 Market breakdown by price range
9 Market Breakdown by Demographics
10 Market Breakdown by Distribution Channel
11 Market segmentation by region
12 SWOT Analysis
13 Value Chain Analysis
14 Porter’s Five Forces Analysis
15 Price Indicators
16 Competitive Scene
16.1 Market Structure
16.2 The main players
16.3 Features of the main players
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