Press release
Travel Accessories Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032
Travel accessories, ranging from ergonomic luggage and portable electronics to travel-sized toiletries and comfort items, have become indispensable to the modern traveller. These products not only offer convenience and efficiency but also elevate the overall travel experience, catering to the diverse needs of globetrotters. The market's trajectory is characterised by a compound annual growth rate (CAGR) that mirrors the burgeoning demand for products that blend functionality with style, security, and sustainability.
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In 2023, the travel accessories market growth is a testament to the evolving landscape of travel, where convenience meets innovation. With an estimated value soaring into billions, the market is on a steadfast path to expansion, driven by the wanderlust of an increasingly mobile global population and the rise of digital nomadism. By 2028, projections indicate a market transformation, fuelled by advancements in technology and a heightened awareness of environmental impact, leading to a more sustainable and tech-savvy travel accessories sector.
According to the travel accessories market analysis, the resurgence of travel post-pandemic has ushered in a new era of travel accessories. Today's consumers are more health-conscious, prioritising products that promote hygiene and safety, such as antimicrobial luggage handles and touch-free gadgets. Moreover, the digital revolution has sparked a demand for smart accessories, from GPS-enabled luggage trackers to portable power banks and noise-cancelling headphones, ensuring travellers stay connected and entertained. Sustainability has also emerged as a key driver, with eco-friendly products gaining traction among environmentally conscious travellers. Products made from recycled materials, biodegradable toiletries, and solar-powered devices are increasingly preferred, aligning with the global shift towards green travel.
As per the travel accessories market outlook, as adventure travel and outdoor activities gain popularity, there is a growing demand for rugged and durable travel accessories designed for outdoor adventures. Waterproof phone cases, lightweight camping hammocks, portable solar chargers, and multipurpose survival tools cater to the needs of adventure travellers seeking gear that can withstand rugged terrain and extreme conditions.
With the increasing popularity of minimalist and carry-on-only travel in the travel accessories market, there is a demand for compact and space-saving travel accessories that optimise packing efficiency and maximise luggage space. Products such as compression packing cubes, collapsible water bottles, and foldable travel towels help travellers pack more efficiently and minimise bulk in their luggage.
The market is being influenced by innovation, with smart technology and sustainable materials at the forefront which can also propel the travel accessories market expansion. Smart luggage equipped with location tracking, self-weighing capabilities, and remote locking mechanisms is redefining convenience and security. Meanwhile, the advent of wearable technology, such as smartwatches with travel apps and virtual reality headsets for in-flight entertainment, is enhancing the travel experience in unprecedented ways.
Contactless and hygienic travel accessories that minimise physical contact and reduce the risk of germ transmission are in high demand which boosts the travel accessories market share. Travellers are opting for touchless travel accessories such as contactless payment wristbands, antimicrobial keychain tools, and hands-free door openers to minimise contact with shared surfaces and maintain hygiene while travelling. The push for sustainability is driving manufacturers to innovate, with a focus on developing products that minimise environmental impact without compromising on quality or functionality. From luggage made from ocean plastic to compostable travel cutlery, the market is witnessing a paradigm shift towards eco-friendly travel solutions.
Market Segmentation
The market can be divided based on type, distribution channel, and region.
Market Breakup by Type
Travel Bags
Electronic Accessories
Travel Pillow and Blanket
Toiletries
Locks
Others
Market Breakup by Distribution Channel
Supermarkets and Hypermarkets
Speciality Stores
Factory Outlets
Online Stores
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/travel-accessories-market
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global travel accessories market. Some of the major players explored in the report by Expert Market Research are as follows:
Decathlon SA
Adidas AG
Nike Inc.
VIP Industries Ltd.
ACE Co., Ltd.
Potpourri Group Inc.
MCM Products USA, Inc.
Sinox Company Ltd.
United States Luggage Company, LLC
VF Corporation
Others
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