Press release
Travel Bags Market to Reach US$ 23.2 Billion by 2027 | CAGR of 6.32%
Travel Bags Market Report 2027
Travel Bags Market Overview:
The global travel bags market reached a value of US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2027, exhibiting a CAGR of 6.32% during 2022-2027. Travel bags are a type of travel accessory used by tourists, hikers, and explorers, to carry clothes and other belongings. Backpacks, trolleys, duffle bags, totes, and weekenders are some commonly used travel bags. Commercially available in numerous sizes, patterns, and colors, they are manufactured using durable materials, such as polycarbonate (PC), polypropylene (PP), acrylonitrile-butadiene-styrene (ABS), nylon, polyester, vinyl, and leather. Travel bags are flexible, spacious, and agile and offer enhanced protection and safety to fragile items, such as electronic gadgets and camera accessories.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global travel bags market is primarily being driven by significant growth in the tourism industry. In line with this, the increasing popularity of adventurous sports, such as trekking and mountaineering, especially among the younger population, is favoring the market growth. Additionally, the introduction of travel bags embedded with global positioning systems (GPS) and camera sensors to offer real-time tracking during transits and hotel stays is providing an impetus to market growth.
Furthermore, the launch of visually appealing travel bags in trendy colors and aesthetically appealing designs, along with the development of eco-friendly product variants, are propelling the market growth. Other factors, including aggressive promotional campaigns by brands, easy product availability across various retail platforms, rising expenditure capacities of consumers, and growing demand for luxury, premium, and lightweight travel bags, are anticipated to drive the market toward growth.
Competitive Landscape with Key Players:
Delsey SA
Deuter Sport
Fenix Outdoor
Hermès
Kering
Louis Vuitton
Lowe Alpine
LVMH
Osprey
Rimowa
Samsonite
Timbuk2
Victorinox
VIP Industries
Market Segmentation:
Based On Material Type:
Polyester
Fabric
Leather
Others
Based On Luggage Type:
Duffle
Trolley
Backpacks
Based On Price Range:
Premium Price
Medium Price
Low Price
Based On Demography:
Male
Female
Based On Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Factory Outlets
Online Stores
Others
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)
Click here to view detailed information with table of content: https://www.imarcgroup.com/travel-bags-market
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
Note: 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.
TOC for the Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/
About Us:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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