Travel Bag Market to Reach $24,027 Million, Globally, by Top Companies Delsey SA., VIP Industries, TGHI, Inc., Samsonite, Ace Co. Ltd., U.S. Luggage Company, LVMH Group, Travelpro Products, Inc., Rimowa GmbH, and Kering SA.

According to a new report published by Allied Market Research, titled, "Travel Bag Market by Material Type, Luggage Type, Distribution Channel, and Price Range: Global Opportunity Analysis and Industry Forecast, 2017-2023," The global travel bag market was valued at $15,045 million in 2016, and is projected to reach $24,027 million in 2023, registering a CAGR of 7.1% from 2017 to 2023. In 2016, the trolley bag segment is anticipated to grow at the highest rate during the forecast period.

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Major market players have focused on R&D activities to provide light weight & high resistance to wear & tear travel bags to provide utmost convenience while traveling. In addition, the players in the market have focused on expanding their product portfolio through mergers and acquisitions and to increase their customer base.

Travel bags consist of bags or cases, or containers which can hold a traveler's belongings while travelling. The travel bags are generally used to carry clothing, toiletries, small possessions, trip necessities, and souvenirs. In the present era, bags also represent their owner's wealth and fashion statement. The substantial boom in the travel and tourism sector (including medical tourism) fosters the demand for various types of travel bags. The robust movement of business travelers, further fuels the requirement of travel bags especially backpacks and trolleys.

Based on material, the global travel bags market is bifurcated into hard side and soft side. The market is also divided by luggage type into duffle, trolley, and backpacks. The market is further sub-divided by different price range, which includes premium range for travel bags with price above 400$, medium price range for bags within $150 to $400 and low-price range for travel bags below $150; and by distribution channel into supermarket/hypermarket, specialty stores, factory outlets, online stores, and others.

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In 2016, the duffle bag segment was the leading revenue contributor to the global market. However, the trolley bag segment is expected to witness significant growth during the forecast period.

In 2016, Asia-Pacific dominated the global market, owing to robust growth of the business travel & leisure industry. Furthermore, presence of major players is anticipated to boost the market growth in the near future. North America is the second leading revenue contributor to the global market, and is expected to register a CAGR of 5.5% in terms of revenue.

The key players profiled in the report are Delsey SA., VIP Industries, TGHI, Inc., Samsonite, Ace Co. Ltd., U.S. Luggage Company, Jiaxing Bianca Luggage Industrial Co. Ltd., Travelpro Products, Inc., Rimowa GmbH, and Kering SA.

KEY FINDINGS OF TRAVEL BAG MARKET STUDY

• In 2016, Asia-Pacific dominated the global market with more than one-third share in terms of value.
• Asia-Pacific is estimated to witness the highest growth rate during the forecast period.
• In 2016, China was the leading revenue contributor to the Asia-Pacific travel bag market.
• The soft-side by material type segment generated the highest revenue to the global market in 2016, and is expected to grow at a CAGR of 7.4%.
• The trolley bag segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 10.3%.

LIST OF TABLES

TABLE 1. GLOBAL TRAVEL BAG MARKET, BY MATERIAL TYPE, 2016-2023 ($MILLION)
TABLE 2. TRAVEL BAG MARKET FOR HARD- SIDE, BY REGION, 2016-2023 ($MILLION)
TABLE 3. TRAVEL BAG MARKET FOR SOFT-SIDE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL TRAVEL BAG MARKET, BY LUGGAGE TYPE, 2016-2023 ($MILLION)
TABLE 5. DUFFLE BAG MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 6. TROLLEY BAG MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 7. BAGPACKS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 8. GLOBAL TRAVEL BAG MARKET, BY PRICE RANGE, 2016-2023 ($MILLION)
TABLE 9. PREMIUM TRAVEL BAG MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 10. MEDIUM RANGE TRAVEL BAG MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. LOW RANGE TRAVEL BAG MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 12. GLOBAL TRAVEL BAG MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 13. TRAVEL BAG MARKET FOR SUPERMARKETS/HYPERMARKETS, BY REGION, 2016-2023 ($MILLION)
TABLE 14. TRAVEL BAG MARKET FOR SPECIALITY STORES, BY REGION, 2016-2023 ($MILLION)
TABLE 15. TRAVEL BAG MARKET FOR FACTORY OUTLETS, BY REGION, 2016-2023 ($MILLION)
TABLE 16. TRAVEL BAG MARKET FOR ONLINE STORES, BY REGION, 2016-2023 ($MILLION)
TABLE 17. TRAVEL BAG MARKET FOR OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 18. GLOBAL TRAVEL BAG MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA TRAVEL BAG MARKET, BY MATERIAL TYPE, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA TRAVEL BAG MARKET, BY LUGGAGE TYPE, 2016-2023 ($MILLION)
TABLE 21. NORTH AMERICA TRAVEL BAG MARKET, BY PRICE RANGE, 2016-2023 ($MILLION)
TABLE 22. NORTH AMERICA TRAVEL BAG MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 23. NORTH AMERICA TRAVEL BAG MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 24. EUROPE TRAVEL BAG MARKET, BY MATERIAL TYPE, 2016-2023 ($MILLION)
TABLE 25. EUROPE TRAVEL BAG MARKET, BY LUGGAGE TYPE, 2016-2023 ($MILLION)
TABLE 26. EUROPE TRAVEL BAG MARKET, BY PRICE RANGE, 2016-2023 ($MILLION)
TABLE 27. EUROPE TRAVEL BAG MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 28. EUROPE TRAVEL BAG MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 29. ASIA-PACIFIC TRAVEL BAG MARKET, BY MATERIAL TYPE, 2016-2023 ($MILLION)
TABLE 30. ASIA-PACIFIC TRAVEL BAG MARKET, BY LUGGAGE TYPE, 2016-2023 ($MILLION)
TABLE 31. ASIA-PACIFIC TRAVEL BAG MARKET, BY PRICE RANGE, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC TRAVEL BAG MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC TRAVEL BAG MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 34. LAMEA TRAVEL BAG MARKET, BY MATERIAL TYPE, 2016-2023 ($MILLION)
TABLE 35. LAMEA TRAVEL BAG MARKET, BY LUGGAGE TYPE, 2016-2023 ($MILLION)
TABLE 36. LAMEA TRAVEL BAG MARKET, BY PRICE RANGE, 2016-2023 ($MILLION)
TABLE 37. LAMEA TRAVEL BAG MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 38. LAMEA TRAVEL BAG MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 39. ACE CO., LTD.: COMPANY SNAPSHOT
TABLE 40. ACE CO., LTD.: OPERATING SEGMENTS
TABLE 41. ACE CO., LTD.: PRODUCT PORTFOLIO
TABLE 42. DELSEY S.A.: COMPANY SNAPSHOT
TABLE 43. DELSEY S.A.: OPERATING SEGMENTS
TABLE 44. DELSEY S.A.: PRODUCT PORTFOLIO
TABLE 45. LVMH: COMPANY SNAPSHOT
TABLE 46. LOUIS VUITTON: OPERATING SEGMENTS
TABLE 47. LVMH: PRODUCT PORTFOLIO
TABLE 48. KERING: COMPANY SNAPSHOT
TABLE 49. KERING: OPERATING SEGMENTS
TABLE 50. KERING: PRODUCT PORTFOLIO
TABLE 51. SAMSONITE INTERNATIONAL S.A.: COMPANY SNAPSHOT
TABLE 52. SAMSONITE INTERNATIONAL S.A: OPERATING SEGMENTS
TABLE 53. SAMSONITE INTERNATIONAL S.A.: PRODUCT PORTFOLIO
TABLE 54. RIMOWA GMBH: COMPANY SNAPSHOT
TABLE 55. RIMOWA GMBH: OPERATING SEGMENTS
TABLE 56. RIMOWA GMBH: PRODUCT PORTFOLIO
TABLE 57. TARGUS INTERNATIONAL LLC: COMPANY SNAPSHOT
TABLE 58. TARGUS INTERNATIONAL LLC: OPERATING SEGMENTS
TABLE 59. TARGUS INTERNATIONAL LLC: PRODUCT PORTFOLIO
TABLE 60. TRAVELPRO PRODUCTS, INC.: COMPANY SNAPSHOT
TABLE 61. TRAVELPRO PRODUCTS, INC.: OPERATING SEGMENTS
TABLE 62. TRAVELPRO PRODUCTS, INC.: PRODUCT PORTFOLIO
TABLE 63. UNITED STATES LUGGAGE COMPANY, LLC: COMPANY SNAPSHOT
TABLE 64. UNITED STATES LUGGAGE COMPANY, LLC: OPERATING SEGMENTS
TABLE 65. UNITED STATES LUGGAGE COMPANY, LLC: PRODUCT PORTFOLIO
TABLE 66. VIP INDUSTRIES LIMITED: COMPANY SNAPSHOT
TABLE 67. VIP INDUSTRIES LIMITED: OPERATING SEGMENTS
TABLE 68. VIP INDUSTRIES LIMITED: PRODUCT PORTFOLIO

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