Global Travel Bags Market to Reach $31.65 Billion by 2030: Valued at $18.23 Billion in 2023, Growing at an 8.2% CAGR

Anticipated Growth in Revenue:

Travel Bags Market size was valued at USD 18.23 Bn. in 2023 and the total Travel Bags revenue is expected to grow by 8.2% from 2024 to 2030, reaching nearly USD 31.65 Bn.

Travel Bags Market Overview:

Travel bags are essential for explorers, trekkers, tourists, and travelers to carry their belongings. The market offers various types of travel bags, including duffel bags, wheeled backpacks, rolling luggage, weekenders, totes, and travel packs. Hard-side bags are suitable for carrying fragile products and electronic gadgets, and they are made of polypropylene, polycarbonate, and acrylonitrile-butadiene-styrene (ABS). Soft-side bags are lightweight and durable, and they are made of nylon, polyester, cotton, leather, and vinyl.



These bags come in various sizes, patterns, and colors, and can be customized as per the consumer's requirements. The travel and tourism industry, including medical tourism, has experienced significant growth, which has led to an increase in demand for travel bags. Business travelers also contribute to the demand for travel bags, especially backpacks, and trolleys. The global travel bag market is expected to grow driven by an increase in urbanization, changes in lifestyle, and demand for innovative products such as polycarbonate luggage. The rise in purchasing power of middle-class households, particularly in developing regions, is expected to create more demand for premium and fashionable travel bags. Technological advancements, such as the development of smart luggage with GPS trackers, are also projected to expand the growth of the overall market during the forecast period.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/Travel-Bags-Market/1370

What are Travel Bags Market Dynamics?

The major players in the Travel industry are expected to introduce new technologies and fashion trends in luggage bags. The market will benefit from the introduction of various sizes and designs of casual, travel, sports, business, anti-theft, foldable, and laptop bags. Smart bags, which include features such as a digital locking system controlled by a smartphone, a USB port for charging devices, a GPS tracking system, an integrated removable battery, smartphone, and Bluetooth connectivity, an LED light system, an alert system, increased compartments for a particular item, 360-degree wheels, water-resistant material, convertible seat bags, convertible kick-style scooter bags, a bags box, and replacement batteries, is gaining popularity and is expected to take bags sales to the next level. Smart bags have set the standard for existing products.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/req_sample/Travel-Bags-Market/1370

What is Travel Bags Market Regional Insight?

The North American region dominated the Travel Bags Market in the year 2023 & is expected to continue its dominance during the forecast period. North America holds the highest backpack market share due to a higher rate of domestic or international travel by individuals for work, education, or casual trips. The higher disposable income of individuals and the presence of top infrastructure facilities for travel & tourism, schools, and universities in the US and Canada make travel convenient, further fueling the market growth. According to the US Department of Education, around 49.5 million students were enrolled in public schools in prekindergarten in 2023 fall, compared to 49.4 million students in 2023, while 19.4 million students attended post-secondary institutes in the fall of 2023. The North American travel & tourism industry contributed USD 1,781 billion in 2021, according to the World Travel & Tourism Council. The Asia Pacific region is expected to grow at a significant CAGR during the forecast period due to the rising popularity of solo trips and road trips in developing countries such as India and China, and increased consumer preferences for smart backpack products.

What is Travel Bags Market Segmentation?

By Product Types

Travel

Hiking/Camping

Others

By Material

Nylon

Polyester

Others

By Distribution Channels

Online Channel

Offline Channel



𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! https://www.stellarmr.com/report/req_sample/Travel-Bags-Market/1370

Some of the current players in the Travel Bags Market are:

ACE CO., LTD,
DELSEY S.A
VIP INDUSTRIES LIMITED
UNITED STATES LUGGAGE COMPANY, LLC,
LVMH GROUP
SAMSONITE INTERNATIONAL S.A,
TRAVELPRO PRODUCTS, INC
TGHI, INC
KERING

Key Offerings:

Past Market Size and Competitive Landscape
Travel Bags Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Travel Bags Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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