Gradual Economic Recovery from COVID-19 Pandemic Will Have Positive Impact on Travel Bag Market Growth

Albany, New York: Travel bags are a latest trend in the luggage bag segment and is a latest version of improved version of quality bags in the market. Being trendy is a style quotient for most individuals and in order to maintain it, manufacturers are producing innovative products with a premium quality and strategic price. Travel bags that are light weight in nature and made of leather or microfibers material that maintains it durability are becoming more popular. These bags are made in such a way that are adjustable in size and can fit in any luggage carriers on the transport.

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The Travel Bag market can be split based on product types, major applications, and important countries as follows:

Key players in the global Travel Bag market covered in Chapter 12:
Osprey
Patagonia, Inc.
Nike, Inc.
Herschel Supply Co
High Sierra
Wenger
Dakine
Timbuk2
Samsonite International S.A.
VF Corporation
Adidas AG
LI-NING
ACE Group (China) Co., Ltd.
Under Armour, Inc.
Newell Brands
Guangdong Winpard Industry Co., Ltd

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The travel bags are in huge demand amongst all young travelers. The tourism industry has always been a trending market globally. These duffle bags are found carrying with style and usually found to match it with their attire. There are certain drivers that push the product in the market. The usage of travel Recently, the travel bags market has experienced a shift from bigger sizes to smaller ones along with the increasing preference for off-price channels driven by demand from brand conscious millennial population. Moreover, the growing affluence in the emerging economies and awareness of better brands has had a significant influence in the market. However, counterfeit products are always a major restraint acting in the handbag industry. Additionally, high import duties and declining store presence coupled with decreasing global GDP growth have been affecting the growth of the satchel and saddle market.

The growing globalisation trend has led most of the emerging economies to witness a sprint in sales of consumer products sector, and sales of travel bags and accessories have also witnessed an uptick. Increase in the number of road and rail travelers, along with increasing frequency of flyers is also positively impacting the global travel bags market. Robust international travel and immigration, advancement in product design, quality, and functionality, and rising affluence of middle class population in developing nations are other key factors driving the growth of the market.

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Impact of COVID-19

However, the outbreak of COVID-19 has had a considerable impact on the overall development of the global travel bags market. With global lockdowns, travel and movement restrictions, the travel and tourism industry has taken a considerable hit. Naturally, this has also affected the sales of new travel bags as people are less inclined to travel to larger distances for vacation or work.

Most of the airlines have luggage weight regulations enforcement, which prompts at the growing demand for lightweight carry-on travel bags. Owing to increasing number of consumers choosing flight over road or rail journey, manufacturers are concentrating more on production of lightweight and ultra-lightweight travel luggage with hard side material.

North America Remains Dominant Market Regional Segment
The travel bags market is a popular product and manufacturers of the premium brands face heavy competition globally and they need to keep up to the demand and consumer preference of the global market. North America, Europe, Asia- Pacific, Latin America, Middle East and Africa manufacture and sell handbags. Owing to its rising demand, manufacturers are spending on preparing better quality travel bags and using improved leather and chains. North America followed Europe are the leading regions globally that are reported to heavily purchase handbags as they are more trendy and have more purchasing power. Other regions like the Asia-Pacific, Latin America, Middle East and Africa are also reported to show a remarkable growth in the consumption of this product due to their adoption of culture from the western countries. The strategic pricing of these products has attracted the customers with unique selling ideas and have contributed massively in the handbag industry.

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In Chapter 4 and 14.1, on the basis of types, the Travel Bag market from 2015 to 2025 is primarily split into:
Finishing Bags and Make-up Bags
Lightweight Carry-Ons
Wheeled Duffel Bags and Rolling Luggage
Backpacks and Wheeled Backpacks

In Chapter 5 and 14.2, on the basis of applications, the Travel Bag market from 2015 to 2025 covers:
Men
Women
Kid

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