How Has the Travel bags Market Size Evolved in Recent Years?
The travel bags market has seen considerable growth due to a variety of factors.
• In the past few years, the market size of travel bags has shown robust growth. It is projected to increase from $19.74 billion in 2024 to $21.42 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
The growth during the historical period can be attributed to a variety of factors, including advances in transportation, changes in fashion and design trends, alterations in consumer preferences and lifestyle, marketing and advertising strategies, the expansion of the colonial era, cultural transformations, and societal norms.
What are the Market Size and Expected Growth Rates for the Travel bags Market?
The travel bags market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the travel bags market to experience robust growth in the coming years, with predictions indicating it will increase to $29.38 billion by 2029. This growth represents a compound annual growth rate (CAGR) of 8.2%.
Aspects such as urbanization and mobility, worldwide travel patterns, luxury travel, travel protocols and security precautions, and the growth of e-commerce can be credited for this anticipated rise. The forecast period also foresees the escalating demand for environment-friendly materials, innovative additions like in-built chargers and GPS tracking, tailored customization possibilities, adaptive designs, and convenience tailored to modern travellers.
Which Key Drivers Are Propelling The Travel bags Market's Growth?
The burgeoning tourism industry is anticipated to drive the growth of the travel bags market. Tourism involves journeying to various places, usually for pleasure, relaxation, or cultural exploration. Several elements, such as the growing influence of social media and digital platforms, augmented mobility, the rise in sports events and music festivals, and others, contribute to the surge in tourism. Travel bags serve as crucial elements for tourists, providing convenience, storage, organization, and safeguarding of possessions while overcoming travel obstacles. For example, as per UN Tourism, a specialized agency of the United Nations based in Spain, international arrivals in the first quarter of 2023 achieved 80% of the levels seen prior to the pandemic. Roughly 235 million tourists undertook international travel during the initial three months, a figure more than twice that of the same period in 2022. Hence, the burgeoning tourism industry is fueling the growth of the travel bags market.
What Are The Key Segments Within The Global Travel bags Market?
The travel bags market covered in this report is segmented –
1) By Product: Duffle, Trolley, Backpacks
2) By Material Type: Polyester, Fabric, Leather, Other Material Types
3) By Price Range: Premium Price, Medium Price, Low Price
4) By Distribution Channel: Online, Offline
Subsegments:
1) By Duffle: Soft-Sided Duffle Bags, Hard-Sided Duffle Bags, Rolling Duffle Bags
2) By Trolley: Hard-Shell Trolley Bags, Soft-Shell Trolley Bags, Carry-On Trolley Bags, Checked Luggage Trolley Bags
3) By Backpacks: Hiking Or Outdoor Backpacks, Laptop Backpacks, Travel Backpacks, Anti-Theft Backpacks
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What Trends Are Reshaping The Future Of The Travel bags Market?
The prominent players in the travel bags market are concentrating on introducing innovative products such as transit travel series bags to meet changing consumer needs and stay competitive. Transit travel series bags are a specific type of travel bags created for easier use while in transit, for example, at airports or train stations. To illustrate, a US-based company called WANDRD, specializing in travel and photography gear, kicked off a new range of transit travel series bags in February 2024. These bags, built specifically for photographers, impress with their versatility and are designed for superior user experience. Their design includes helpful pockets and compartments to keep everything tidy and within reach. Crafted from sturdy and weather-resistant materials, they also feature reinforced zippers for added safety. Moreover, these bags accommodate a range of travel requirements, from everyday commuting to photography trips, assuring that travelers don't have to choose between style and function.
Who Are the Key Players In The Travel bags Market?
Major companies operating in the travel bags market are:
• Louis Vuitton Moët Hennessy
• Kering S.A
• Eagle Creek Inc.
• Hermes international
• VF corporation
• callaway golf company
• Samsonite International S.A.
• Marel Inc.
• Fenix outdoor
• Tumi Holdings Inc.
• Pelican Products Inc.
• Black Diamond Equipment Ltd.
• Delsey SA
• Patagonia Inc.
• Longchamp SAS
• Travelpro International Inc.
• Thule Group
• Kipling Retail LLC
• High Sierra Sport Company
• Timbuk2 Designs Inc.
• Briggs & Riley Travelware LLC
• Swissgear
• Rimowa GmbH
• Deuter Sport GmbH
• Everest Bag
What Are The Regional Insights Into The Travel bags Market?
North America was the largest region in the travel bags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the travel bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
