Travel Accessories Market Report, Size, Share, Growth, Trends, Industry Outlook to 2033

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The new report published by The Business Research Company, titled Travel Accessories 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 accessories market size has grown strongly in recent years. It will grow from $49.38 billion in 2023 to $53.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The travel accessories market size is expected to see strong growth in the next few years. It will grow to $71.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.

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What Is Driving The Growth Of The Global Travel Accessories Market?

Surge In Leisure Travel Fuels Growth In Travel Accessories Market
The increasing travel and tourism activities for leisure purposes is expected to propel the growth of the travel accessories market going forward. Travel and tourism activities encompass a broad range of experiences and services including transportation, accommodation, entertainment, and exploration, designed to provide leisure, adventure, and cultural enrichment to travelers visiting different destinations. Travel and tourism activities are rising due to increasing disposable incomes, improved transportation infrastructure, globalization, and a growing desire for unique and diverse experiences. Travel accessories are essential for travel and tourism activities as they enhance convenience, comfort, and organization, ensuring a smoother and more enjoyable travel experience. For instance, in May 2023, according to a report published by the United Nations World Tourism Organization, a Spain-based specialized agency, in the first quarter of 2023, international tourist arrivals surged to 80% of pre-pandemic levels, with around 235 million travelers, representing more than a twofold increase compared to the same period in 2022. The tourism sector showed impressive resilience, with revised 2022 data indicating that over 960 million international tourists traveled abroad, recovering two-thirds (66%) of pre-pandemic levels and highlighting the industry's ability to rebound and regain momentum. Therefore, the increasing travel and tourism activities for leisure purposes is driving the growth of the travel accessories market.

What Is The Key Trend In The Global Travel Accessories Market?

Sustainable Innovations In Travel Accessories
Major companies operating in the travel accessories market are developing innovative products, such as accessories made from upcycled aircraft interiors, to provide a second life to materials that would otherwise be discarded. Accessories made from upcycled aircraft interiors are products crafted from repurposed materials sourced from decommissioned or retired aircraft. For instance, in November 2023, Emirates, a UAE-based airline company, launched the capsule collection of luggage, bags, and accessories. The travel accessories stand out for their unique feature of being crafted from upcycled materials sourced from retrofitted aircraft, including the iconic Emirates A380 and 777 models. This limited-edition collection, designed and handmade by Emirates tailors in Dubai's Emirates Engineering facility, includes suitcases, backpacks, handbags, card holders, toiletry bags, belts, and shoes. The accessories incorporate surprising materials such as aluminum headrests, leather from A380 lounge couches, seatbelts, and even fur from the captain's seat, offering a distinctive blend of style and aviation history.

How Is The Global Travel Accessories Market Segmented?
The travel accessories market covered in this report is segmented -

1) By Product Type: Travel Bags, Travel Outfits, Business Cases, Electronic Accessories, Personal Leather Goods, Toiletries, Food Box, Travel Pillow And Blanket, Locks, Other Product Types
2) By Price Range: Premium, Medium Range, Low Range
3) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Factory Outlets, Online Channels, Multi-Brand Outlets

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How Is The Competitive Landscape Of The Global Travel Accessories Market?
Major companies operating in the travel accessories market are Delsey, LVMH Group, Nike Inc., Adidas AG, Decathlon SA , VF Corporation, Samsonite, Rimowa GmbH, Victorinox AG, Tumi Holdings Inc., CE Luggage Co. Ltd., United States Luggage Company LLC, Magellan's, MCM Worldwide Ltd., VIP Industries Ltd., Osprey Packs, Travelpro Products Inc., Timbuk2, Eagle Creek Inc., Briggs & Riley, Gregory Inc., TravelSmith Outfitters, American Tourister Inc., Travel Blue Ltd., Sinox Company Ltd.

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

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