Travel bags Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The new report published by The Business Research Company, titled ""Travel bags Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the travel bags market size has grown strongly in recent years. It will grow from $18.31 billion in 2023 to $19.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The travel bags market size is expected to see strong growth in the next few years. It will grow to $27.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.

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Impact Of Rising Tourism On The Travel Bags Market
The rising tourism sector is expected to propel the growth of the travel bags market going forward. Tourism refers to the activity of traveling to different places, typically for leisure, recreation, or cultural exploration. Tourism is on the rise because of several factors, including rising social media and digital influence, increased mobility, increasing sporting events and music festivals, and more. Travel bags are used as essential tools for tourism to ensure convenience, storage, organization, and protection of their belongings while navigating the challenges of travel. For instance, in June 2022, according to reports shared by the US Department of Commerce, a US-based executive department of the federal government, international arrivals for travel and tourism in US states increased to 22.1 million in 2021 from 19.2 million in 2020. Therefore, the rising tourism sector is driving the growth of the travel bags market.

Innovative Travel Bags For Photographers Enhancing The Travel Experience
Major companies operating in the travel bags market are focused on the development of innovative products, such as transit travel series bags, to stay relevant, meet evolving consumer expectations, and maintain a competitive edge in the market. Transit travel series bags typically refer to a collection or line of travel bags designed specifically for ease of use during transit, such as while traveling through airports, train stations, or other transportation hubs. For instance, in February 2024, WANDRD, a US-based company that provides travel and photography gear products, launched a new line of transit travel series bags designed specifically for photographers. This bag is a versatile companion crafted to exceed expectations, featuring a sleek design with functional pockets and compartments to keep essentials organized and easily accessible. It is made from durable, weather-resistant materials with reinforced zippers for added protection. Additionally, these bags cater to different travel needs, from daily commuting to photography adventures, ensuring travelers can enjoy both style and functionality in their gear.

The travel bags market covered in this report is segmented -

1) By Product: Duffle, Trolley, Backpacks
2) By Material Type: Polyester, Fabric, Leather, Other Material Types
3) By Price Range: Premium Price, Medium Price, Low Price
4) By Distribution Channel: Online, Offline

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Major companies operating in the travel bags market are Louis Vuitton Moët Hennessy, Kering S.A, Eagle Creek Inc., Hermes international, VF corporation, callaway golf company, Samsonite International S.A., Marel Inc., Fenix outdoor, Tumi Holdings Inc., Pelican Products Inc., Black Diamond Equipment Ltd., Delsey SA, Patagonia Inc., Longchamp SAS, Travelpro International Inc., Thule Group, Kipling Retail LLC , High Sierra Sport Company, Timbuk2 Designs Inc., Briggs & Riley Travelware LLC, Swissgear, Rimowa GmbH, Deuter Sport GmbH, Everest Bag

Contents of the report:
1. Executive Summary
2. Travel bags Market Report Structure
3. Travel bags Market Trends And Strategies
4. Travel bags Market - Macro Economic Scenario
5. Travel bags Market Size And Growth
…..
27. Travel bags Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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