Travel Bags Market Size US$ 24.7 Billion, Growth Rate (CAGR) of 6.47%, Top Companies and Forecast Report 2023-2028

According to the latest report by IMARC Group, titled "Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global travel bags market size reached US$ 17.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.47% during 2023-2028.

Travel bags are essential accessories for anyone who travels frequently. These bags are designed to hold clothing, toiletries, electronics, and other essential items required during travel. Travel bags come in a variety of shapes, sizes, and styles, including backpacks, duffel bags, wheeled luggage, and carry-on bags. They are made from various materials, such as nylon, leather, and polyester, offering durability and protection to your belongings. Many travel bags also feature additional features, such as built-in locks, compression straps, and multiple compartments, making them convenient for packing and organization. Whether for business or leisure, a good travel bag is an essential item for a stress-free travel experience.

Request for a Free PDF Sample of this Report: https://www.imarcgroup.com/travel-bags-market/requestsample

Travel Bags Market Trends:

The increasing trend of traveling for leisure and business represents a key factor driving the market growth across the globe. In addition to this, the rising need for quality travel bags that can hold all the essential belongings during trips is acting as another major growth-inducing factor. In line with this, the rising disposable income, coupled with changing consumer preferences, and a rise in the e-commerce industry are contributing to the growth of the market. The market is also driven by the advancements in materials and design technologies that are driving the development of innovative and durable travel bags that offer enhanced functionality, comfort, and convenience.

Travel Bags Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the travel bags market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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

Key Market Segmentation:

The report has segmented the travel bags market on the basis of material type, luggage type, price range, demography, distribution channel and region.

Breakup by Material Type:

Polyester
Fabric
Leather
Others

Breakup by Luggage Type:

Duffle
Trolley
Backpacks

Breakup by Price Range:

Premium Price
Medium Price
Low Price

Breakup by Demography:

Male
Female

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Factory Outlets
Online Stores
Others

Breakup by Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=1867&flag=C

Key Highlights of the Report:                                                    

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
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.

Browse Other Reports:

https://tealfeed.com/rta-furniture-market-size-growth-opportunity-rnvvm

https://ibusinessday.com/rta-furniture-market-2023-2028-size-growth-opportunity-and-forecast/

https://www.exoltech.net/blogs/68393/Dark-Spirits-Market-Share-Size-Growth-Opportunity-and-Forecast-2023

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
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.

This release was published on openPR.