Travel Bags Market

Travel Bags Market Size:

The global travel bags market size reached US$ 18.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032. The market is experiencing robust growth driven by the increasing popularity of travel and tourism, rapid advancements in product design and materials, a surge in online retailing, rising influence of social media and celebrity endorsements, and the growing consumer preference for sustainable and eco-friendly products.

Travel Bags Market Analysis:

• Market Growth and Size: The market is witnessing stable growth, driven by the increasing disposable incomes, changing consumer lifestyles, resurgence of global travel, and growing influence of social media and celebrity endorsements.
• Major Market Drivers: Key drivers influencing the market growth include the increasing global travel and tourism, advancements in product design and materials, growing preference for sustainable and eco-friendly products, and the significant growth of e-commerce industry.
• Key Market Trends: The key market trends involve the technological integration in travel bags, such as smart features and durable materials. Additionally, the sudden shift towards personalized and fashionable travel bags, catering to the evolving preferences of consumers, is bolstering the market growth.
• Geographical Trends: Asia Pacific leads the market attributed to its large population, economic growth, and increasing travel activities. Other regions are also showing significant growth, fueled by the increasing focus on premium and innovative travel bag products.
• Competitive Landscape: The market is characterized by the active involvement of key players who are engaging in strategies like product innovation, mergers, and strategic partnerships. Furthermore, the rising emphasis on sustainability and digital marketing among the top brands to capture a broader consumer base, is favoring the market growth.
• Challenges and Opportunities: The market faces various challenges, such as intense competition, rapidly changing consumer preferences, and the need for continuous innovation. However, the increasing adoption of sustainable practices and leveraging e-commerce and digital platforms for expanded reach, is creating new opportunities for the market growth.

Travel Bags Market Trends:

Increasing popularity of travel and tourism across the globe

The resurgence of travel and tourism across the globe, driving the demand for travel bags, is stimulating the market growth. Moreover, the increasing accessibility of international and domestic travel, prompting the need for durable and convenient travel bags, is boosting the market growth. In line with this, the heightened ease of travel restrictions, rising middle-class incomes, and the growing interest in exploring new destinations are major factors providing a thrust to the market growth. Additionally, the surge in low-cost carriers that make air travel more affordable, leading to a rise in short trips and weekend getaways, is anticipated to drive the market growth.

Rapid advancements in product design and materials

The rapid technological advancements in materials and design, leading to the development of bags that offer style, comfort, and functionality, are providing an impetus to the market growth. In line with this, the rising innovations in lightweight and durable materials, like polycarbonate and high-strength fabrics, facilitating the production of bags that are resilient and easy to handle, are acting as a growth-inducing factor. Additionally, the widespread integration of features like built-in global positioning system (GPS) trackers, universal serial bus (USB) charging ports, and enhanced security locks is offering remunerative growth opportunities for the market. In addition to this, the heightened adoption of ergonomic designs, such as adjustable handles and padded straps to improve user comfort, is anticipated to drive the market growth.

Growing e-commerce and online retailing

The rising utilization of e-commerce platforms and online retailing as it offers consumers a wide range of products at competitive prices, is providing a considerable boost to the market growth. In addition to this, the increasing convenience of home delivery, easy return policies, and the ability to compare products and prices online, enhancing the shopping experience of consumers is contributing to the market growth. Furthermore, the widespread availability of detailed product information, reviews, and ratings in online retailing that assists consumers in making informed decisions is providing an impetus to the market growth. Moreover, the rising utilization of online retailing as retailers and manufacturers use data analytics to understand consumer preferences and shopping patterns, enabling companies to tailor product offerings and marketing campaigns more effectively, is strengthening the market growth. 

Rising influence of social media and celebrity endorsements

The burgeoning influence of social media and celebrity endorsements in shaping consumer preferences is one of the major factors propelling the market growth. Influencers and celebrities set trends in travel accessories, impacting consumer choices, especially among younger demographics. Moreover, the growing utilization of social media platforms as a showcase to display the latest styles and innovations in travel bags is providing a considerable boost to the market growth. In addition to this, the increasing collaboration between brands, celebrities, and influencers for product promotions is driving the market growth. Along with this, the interactive nature of social media, enabling direct engagement between brands and consumers, is favoring the market growth.

Increasing demand for sustainability and eco-friendly products

The increasing consumer awareness regarding environmental sustainability and the growing demand for eco-friendly travel bags made from sustainable or recycled materials, are fueling the market growth. Moreover, the rising consciousness among consumers about the environmental impact of their purchases, encouraging a shift towards products that align with their values, is enhancing the market growth. In line with this, the heightened focus by manufacturers on utilizing sustainable materials, such as organic cotton, recycled plastics, and biodegradable fabrics in travel bag manufacturing is creating a positive outlook for the market growth. Apart from this, the widespread utilization of eco-friendly travel bags that offer longer lifespans, with features that allow for easy repair and recycling, is acting as a growth-inducing factor.

Travel Bags Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on material type, luggage type, price range, demography, and distribution channel.

Breakup by Material Type:

• Polyester
• Fabric
• Leather
• Others
   

The report has provided a detailed breakup and analysis of the market based on the material type. This includes polyester, fabric, leather, and others.

Polyester is highly favored due to its durability, resistance to stretching and shrinking, and its quick-drying properties. It is popular among budget-conscious travelers owing to its affordability. Additionally, polyester travel bags are lightweight, making them ideal for air travel where weight limits are a concern. Moreover, the versatility of the material allowing for the incorporation of various designs and colors that cater to diverse consumer preferences, is boosting the market growth.

Fabric travel bags are made from substances like nylon, canvas, and other woven materials. They provide a blend of durability and style. Moreover, fabric bags are preferred for their aesthetic appeal and the ability to withstand wear and tear. They are versatile and suitable for various travel types, such as business trips and casual vacations.

Leather stands out as a premium segment in the market, renowned for its durability, strength, and classic aesthetic. They are popular among business travelers and those seeking high-end, quality products. Moreover, leather bags age well, acquiring a unique patina over time, and are more expensive than polyester and fabric options. Furthermore, they are known for their craftsmanship, elegance, and longevity. 

Breakup by Luggage Type:

• Duffle
• Trolley
• Backpacks
   

Duffle holds the largest share in the industry

A detailed breakup and analysis of the market based on the luggage type have also been provided in the report. This includes duffle, trolley, and backpacks. According to the report, duffle accounted for the largest market share.

Duffle bags represent the largest segment in the market, prized for their versatility and ease of use. They are preferred for their spacious interiors and flexibility, making them ideal for a variety of travel types, such as short business trips and longer vacations. Moreover, the widespread popularity of duffle bags, due to their lightweight design, durable materials, and the convenience of carrying options, such as shoulder straps and handles, is strengthening the market growth.

Trolley bags are characterized by their wheeled design and are manufactured especially for air travel and business trips. They offer ease of mobility, making them suitable for travelers navigating through airports and urban settings. Trolley bags are available in various sizes, such as compact carry-ons and larger check-in sizes.

Backpacks are known for their practicality and ease of carrying while catering to a wide range of travel needs, such as daily commuting and adventurous travel. They are favored for their ergonomic design, which distributes weight evenly across the shoulders, making them comfortable for extended wear. Moreover, they incorporate advanced features like laptop compartments, waterproof materials, and security locks, aligning with the needs of technologically advanced travelers. 

Breakup by Price Range:

• Premium Price
• Medium Price
• Low Price
   

Medium price represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the price range. This includes premium price, medium price, and low price. According to the report, medium price represented the largest segment.

The medium-priced segment holds the largest share of the market, appealing to a wide demographic of consumers who seek quality and affordability. It caters to the needs of casual and regular travelers who demand durability, functionality, and style without the high costs associated with premium brands. Moreover, medium-priced travel bags often incorporate features such as robust materials, multiple compartments, and ergonomic designs at more accessible price points. Additionally, the versatility and broad appeal of medium-priced travel bags make them ideal for a variety of travel needs, such as business trips and leisure vacations.

The premium-priced segment targets consumers who prioritize luxury, high-quality materials, and brand value. They are made from top-tier materials, such as high-grade leather or advanced synthetic fabrics, offering superior durability and style. Moreover, premium bags are also known for their exclusive designs, innovative features, and exceptional craftsmanship. They cater to a niche market that values brand prestige and are willing to invest in higher-priced products for their perceived quality and status symbol. 

The low-priced segment is designed for cost-conscious consumers who prioritize affordability. They are typically made from less expensive materials and may need more advanced features and durability than their higher-priced counterparts. However, they serve the purpose of infrequent travelers or those with minimal requirements.

Breakup by Demography:

• Male
• Female
   

Male exhibits a clear dominance in the market 

A detailed breakup and analysis of the market based on the demography have also been provided in the report. This includes male and female. According to the report, male accounted for the largest market share.

The male demographic forms the largest segment in the market, driven by multiple factors, including increased business travel, leisure travel, and a growing interest in outdoor activities among men. Moreover, travel bags are designed with a focus on functionality, durability, and a more subdued style, featuring robust materials and streamlined designs that are tailored to suit business travel needs, with compartments for laptops and documents. Additionally, the growing popularity of integrating technology into men's travel bags, such as universal serial bus (USB) charging ports and radio-frequency identification (RFID) protection, is favoring the market growth.

The female segment is characterized by a diverse range of products that blend functionality with fashion. Women's travel bags are often designed with a focus on style, color variety, and versatility, catering to the multifaceted needs of female travelers. It includes stylish luggage sets, handbags for leisure travel, practical backpacks, and totes for business trips or daily use.  

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Factory Outlets
• Online Stores
• Others
   

Specialty stores dominates the market

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes supermarkets and hypermarkets, specialty stores, factory outlets, online stores, and others. According to the report, specialty stores represented the largest segment.

Specialty stores represent the largest segment in the distribution of travel bags as these stores are preferred for their curated selection of products, catering to specific consumer needs and preferences. Moreover, they provide a wide range of high-quality travel bags from various brands, allowing consumers to compare styles, materials, and features in one location. Besides this, the staff in the stores are typically knowledgeable about the products, offering personalized advice and assistance to shoppers. Additionally, the ability of specialty stores to adapt to market trends quickly, offering the latest styles and innovations to discerning customers, is providing a thrust to the market growth.

Supermarkets and hypermarkets offer convenience for consumers seeking to purchase travel bags along with their routine shopping. They feature a selection of travel bags that cater to general needs, focusing on affordability and accessibility. Moreover, supermarkets and hypermarkets attract consumers looking for practical and budget-friendly options.

Factory outlets are a popular choice for consumers seeking branded travel bags at discounted prices. They offer last season's products or overstocked items at reduced costs, making them attractive to bargain hunters and price-conscious consumers. In addition to this, factory outlets provide an opportunity to purchase high-quality travel bags at more affordable prices.

Online stores offer the convenience of shopping for a broad selection of products at often competitive pricing. They are appealing to technologically advanced and busy consumers who prefer the ease of browsing and purchasing products in the comfort of their homes. Moreover, online stores offer detailed product descriptions, customer reviews, and easy return policies that enhance the online shopping experience. 

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
• Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others
     

Asia Pacific leads the market, accounting for the largest travel bags market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates and others). According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region holds the largest segment in the travel bags market, driven by rapid urbanization, increasing disposable incomes, and the growing middle class. Moreover, the region's diverse consumer base, with varying preferences and spending capabilities, leading to a wide range of products, such as affordable and premium travel bags, is boosting the market growth. Additionally, the presence of several major manufacturers in the region, coupled with the burgeoning adoption of online retailing, is boosting the market growth. Additionally, the rising importance of cultural factors, such as the growing preference for international travel and a focus on quality and branded products, is contributing to the market growth.

Europe is a significant player in the travel bags market, characterized by high demand for premium and luxury travel bags. Moreover, the region's rich fashion industry and the presence of several luxury brands that influence consumer preferences towards high-quality, stylish travel bags are providing a thrust to the market growth. Furthermore, the heightened focus on sustainability and eco-friendly products, driving innovation in the travel bags sector, is enhancing the market growth.

North America is a key market for travel bags, with a high demand for business and leisure travel products. In addition to this, the market in the region is characterized by a preference for innovative and durable travel bags with features like security locks, universal serial bus (USB) charging ports, and advanced materials. Moreover, the presence of major global brands and the widespread adoption of e-commerce platforms is favoring the market growth.

In Latin America, the travel bag market is growing steadily, influenced by increasing urbanization and economic development in various countries. Moreover, the region shows potential for growth in the mid-range and premium segments as consumers gradually shift towards quality and branded products. Besides this, rapid growth in the tourism sector is also positively impacting the market growth.

The Middle East and Africa (MEA) region represents an emerging market in the travel bags sector, driven by the increasing disposable incomes among consumers and the heightened interest in travel and luxury goods. Moreover, the affluent consumer base and luxury shopping destinations in the region, showing a strong demand for high-end travel bags, are boosting the market growth. 

Leading Key Players in the Travel Bags Industry:

The key players are actively engaged in various strategies to maintain and enhance their market positions. They are developing technologically advanced products that cater to the evolving needs of modern travelers, including integrating features, such as global positioning system (GPS) trackers, universal serial bus (USB) charging ports, and advanced locking systems, along with using lightweight, durable materials for enhanced portability and longevity. Besides this, many brands are emphasizing eco-friendly and sustainable practices, responding to the growing consumer demand for environmentally responsible products. Additionally, companies are leveraging online platforms and digital marketing to reach a broader audience, such as collaborating with celebrities and influencers for marketing and brand endorsements.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News: 

• In 2021, VIP bags launched a special trolley bag, ‘Zorro Pro’, with features extremely useful for business travelers. The bag has an accessible laptop compartment and a compartment for suits, helping in keeping them safe and accessible when needed.
• In June 2021, Hermès announced a new edition of its 1997 Victoria travel bag made from a leather-style textile from pineapple.
• In December 2023, Rimowa (owned by LVMH) launched its Signature Bag Collection made from Econyl, a recycled nylon material.

Travel Bags Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the travel bags market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global travel bags market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the travel bags industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.