Global Travel Bags Market

Global Travel Bags Market by Material Types (Hard Side and Soft Side), Luggage Types (Trolley, Duffle, and Backpacks), Distribution Channels (E-commerce Stores, Supermarkets/Hypermarket, Factory Outlets, Specialty Stores, and Others), and Price Ranges (Premium, Medium, and Low), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: CG-3449
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 191
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The global travel bags market is anticipated to expand at a significant CAGR during the forecast period, between 2021 and 2028. Travel bags refer to travel gear that provides storage for people travelling long distances, such as trekkers, mountain climbers, travelers, and explorers. These bags provide an enormous packing space for the users to carry their gear and utilities while going on long journeys. They also have locks and protective material inside to keep delicate and fragile items such as electronic gadgets and valuables safe. There are various kinds of travel bags such as duffels, wheeled backpacks, rolling luggage, weekenders, totes, trolleys, and backpacks, each well suited according to the specific requirements of the user. Additionally, these bags have a sidechain or a pocket to keep immediate essentials in them.

Global Travel Bags Market summary

Market Trends, Drivers, Restraints, and Opportunities

  • Growing travel and tourism industry has increased the demand for travel bags, which primarily drives the market.
  • Increasing urbanization and employment resulted in the increased purchasing power of the people which propels the market.
  • Social media influencers have encouraged the younger generation to purchase premium and branded travel bags to add a fashion statement.
  • Rising demand for innovative products and fashionable travel bags has subsequently increased the market growth in the recent years.
  • Technological advancement has positively impacted the market owing to the introduction of GPS tags and trackers installed in travel bags which is projected to provide lucrative opportunities for key players.

Scope of the Report

The report on the global travel bags market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Travel Bags Market - Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Material Types (Hard Side and Soft Side), Luggage Types (Trolley, Duffle, and Backpacks), Distribution Channels (E-commerce Stores, Supermarkets/Hypermarket, Factory Outlets, Specialty Stores, and Others), and Price Ranges (Premium, Medium, and Low)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market Scope, Analysis, Share, Competitive Analysis, Growth Facts, Restraints, Opportunities, and Revenue Forecast

Key Players Covered in the Report

Delsey SA; LVMH; Osprey; Lowe Alpine; Hermes; Deuter Sport; Fenix Outdoor; Timbuk2; Victorinox; Kering; Samsonite; Louis Vuitton; and VIP Industries.

Global Travel Bags Market Segment Insights

The hard side segment is projected to register substantial CAGR during the forecast period

On the basis of material types, the market is bifurcated into hard side and soft side. The hard side luggage and travel bags segment is projected to register substantial CAGR during the forecast period. Hard side travel bags are those bags which have a hard surfaced exterior with a hard shell that protects the items stored inside the travel bags. Hard side travel bags are easier to carry at airports and regular travels which increases the demand for hard side travel bags. Weather resistance and waterproof features are two other factors that positively impact the growth of this segment. The hard-shell exterior is impossible to break and thus keeps the fragile and delicate items safe during the travel. 

Global Travel Bags Market material types

The trolley segment held the major market share in 2019

Based on luggage types, the travel bags market is segmented into trolley, duffle, and backpacks. The trolley segment accounted for a significant market share in 2019 owing to high consumer preference and rise in tourism and travel. Trolley bags are easier to carry and have wheels at the bottom which allows the user to drag the bag using a handle. These bags can be used to travel long distances and have easy mobility. They are carried through airports or any hard surface using the trolley wheels. Various brands have launched stylish and fashionable trolley bags to adhere to the dynamic fashion trends and provide excess luggage space and storage to the consumers. Duffels are bulky bags made of synthetic or natural fibres that are extremely rigid and are used to carry heavy gear such as sports gear or military gear.

The specialty stores segment is estimated to hold a significant share in the market during the forecast period

On the basis of distribution channels, the market is categorized as e-commerce stores, supermarkets/hypermarkets, factory outlets, specialty stores, and others. The specialty stores segment is projected to expand at a robust rate during the forecast period. The availability of a variety of options, brands, material types, and price ranges in specialty stores has increased the preference of this distribution channel. Festive offers, incentives, and discounts offered by specialty stores aided with excellent customer services has driven the segment.

Global Travel Bags Market distribution channel

The premium segment is expected to grow at a rapid pace

Based on price ranges, the market is classified as premium, medium, and low. The premium segment is expected to grow at a significant CAGR during the forecast period owing to shifting preference of users towards high prices, luxury travel bags. The increasing prevalence of the internet and smartphones has resulted in extensive brand promotion by key players which increases the sales of premium travel bags. These bags provide a sense of fashion, style, and efficiency to the users. The increasing brand consciousness among consumers and extensive marketing strategies by luxury brands to promote travel bags has substantially driven the segment.

Asia Pacific is anticipated to dominate the market

In terms of regions, the global travel bags market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to dominate the market during the forecast period owing to high penetration of the internet in developing countries such as India, China, and Japan, aided with the increasing travels and tourism in the region. Heavy marketing strategies undertaken by key players to increase the sales of travel bags among the middle class has boosted the market. Brand consciousness and extensive branding has resulted in the growth of the high-priced travel bags.

Global Travel Bags Market region

Segments

Segments Covered in the Report
By Material Types

  • Hard Side
  • Soft Side

By Luggage Types

  • Trolley
  • Duffle
  • Backpacks

By Distribution Channels

  • E-commerce Stores
  • Supermarkets/Hypermarket
  • Factory Outlets
  • Specialty Stores
  • Others

By Price Ranges

  • Premium
  • Medium
  • Low

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Delsey SA
  • LVMH
  • Osprey
  • Lowe Alpine
  • Hermes
  • Deuter Sport
  • Fenix Outdoor
  • Timbuk2
  • Victorinox
  • Kering
  • Samsonite
  • Louis Vuitton
  • VIP Industries

 

Competitive Landscape

Key players in the global travel bags market include Delsey SA; LVMH; Osprey; Lowe Alpine; Hermes; Deuter Sport; Fenix Outdoor; Timbuk2; Victorinox; Kering; Samsonite; Louis Vuitton; and VIP Industries. These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

Global Travel Bags Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Travel Bags Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Travel Bags Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Travel Bags Market - Supply Chain
  4.5. Global Travel Bags Market Forecast
     4.5.1. Travel Bags Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Travel Bags Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Travel Bags Market Absolute $ Opportunity
5. Global Travel Bags Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Travel Bags Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Travel Bags Demand Share Forecast, 2019-2026
6. North America Travel Bags Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Travel Bags Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Travel Bags Demand Share Forecast, 2019-2026
7. Latin America Travel Bags Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Travel Bags Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Travel Bags Demand Share Forecast, 2019-2026
8. Europe Travel Bags Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Travel Bags Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Travel Bags Demand Share Forecast, 2019-2026
9. Asia Pacific Travel Bags Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Travel Bags Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Travel Bags Demand Share Forecast, 2019-2026
10. Middle East & Africa Travel Bags Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Travel Bags Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Travel Bags Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Travel Bags Market: Market Share Analysis
  11.2. Travel Bags Distributors and Customers
  11.3. Travel Bags Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Delsey SA
     11.4.2. LVMH
     11.4.3. Osprey
     11.4.4. Lowe Alpine
     11.4.5. Hermes
     11.4.6. Deuter Sport
     11.4.7. Fenix Outdoor
     11.4.8. Timbuk2
     11.4.9.

Segments Covered in the Report
By Material Types

  • Hard Side
  • Soft Side

By Luggage Types

  • Trolley
  • Duffle
  • Backpacks

By Distribution Channels

  • E-commerce Stores
  • Supermarkets/Hypermarket
  • Factory Outlets
  • Specialty Stores
  • Others

By Price Ranges

  • Premium
  • Medium
  • Low

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Delsey SA
  • LVMH
  • Osprey
  • Lowe Alpine
  • Hermes
  • Deuter Sport
  • Fenix Outdoor
  • Timbuk2
  • Victorinox
  • Kering
  • Samsonite
  • Louis Vuitton
  • VIP Industries

 

Key players in the global travel bags market include Delsey SA; LVMH; Osprey; Lowe Alpine; Hermes; Deuter Sport; Fenix Outdoor; Timbuk2; Victorinox; Kering; Samsonite; Louis Vuitton; and VIP Industries. These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

Global Travel Bags Market keyplayers

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