According to the latest report by IMARC Group, titled “Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global market reached a value of US$ 19.7 Billion in 2020. A travel bag is a travel accessory used by tourists, explorers and trekkers to carry clothes and other items. The bags are commonly available in backpacks, travel packs, rolling luggage, duffel bags, wheeled backpacks and totes. The hard-sided travel bag variants are manufactured using materials, such as acrylonitrile-butadiene-styrene (ABS), polypropylene and polycarbonate. In comparison to this, lightweight soft side variants are produced using cotton, vinyl, nylon, leather and polyester. Travel bags are widely available in various colors, shapes and sizes that can be customized to meet the requirements of the user.
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The global travel bag market is primarily being driven by significant growth in the travel and tourism industry. There is a rising consumer preference for polycarbonate material luggage bags produced in trendy colors and aesthetically appealing designs. Moreover, various product innovations, such as the launch of smart-electric bags that contain batteries to charge smart devices, are favoring the market growth. Other factors, including the development of lightweight global positioning system (GPS)-enabled bags with luggage tracking capabilities, along with increasing expenditure capacities of the consumers, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.8% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Delsey SA
- Deuter Sport
- Fenix Outdoor
- Louis Vuitton
- Lowe Alpine
- VIP Industries
Breakup by Material Type:
Breakup by Luggage Type:
Breakup by Price Range:
- Premium Price
- Medium Price
- Low Price
Breakup by Demography:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Factory Outlets
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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