Press release
Travel Bags Market on the Move: Projected to Reach $37.05 Billion by 2032 with an 8.2% CAGR Growth
๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ was valued at USD 19.72 billion in 2024 and is expected to grow at a CAGR of 8.2% during the forecast period, reaching nearly USD 37.05 billion by 2032.๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Travel bags serve as essential accessories for travelers, offering a variety of options like duffel bags, wheeled backpacks, rolling luggage, and smart luggage with advanced features such as GPS tracking and USB ports. Increasing urbanization, changing consumer lifestyles, and the rise in disposable incomes-particularly in developing regions-are driving demand for innovative and premium travel bags. The growing preference for lightweight, durable materials like nylon and polycarbonate and the surge in domestic and international travel have significantly boosted the market. Additionally, the growth of e-commerce platforms has provided consumers with diverse options and convenience in purchasing travel bags.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:https://www.stellarmr.com/report/req_sample/Travel-Bags-Market/1370
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
The expansion of the global travel and tourism industry, coupled with rising disposable incomes, has led to an increase in leisure and business travel, directly boosting the demand for travel bags. The growing popularity of smart luggage with features like digital locks, Bluetooth connectivity, and USB charging ports is shaping consumer preferences. Additionally, the increased focus on sustainable and durable materials in travel bag manufacturing aligns with environmental concerns, driving consumer adoption. The proliferation of organized retail channels and promotional strategies, particularly in emerging economies, also fuels market growth.
๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The market is witnessing a rise in demand for smart travel bags with advanced features, catering to tech-savvy consumers. Manufacturers are focusing on sustainable materials like recycled plastics and eco-friendly alternatives to align with green initiatives. The increasing trend of solo and adventure travel, especially in developing regions, has fueled the demand for lightweight and multifunctional backpacks. Moreover, the integration of anti-theft technologies and customization options in travel bags has gained significant traction, appealing to a wide range of consumers. E-commerce platforms are playing a pivotal role in expanding product reach, offering discounts, and enabling ease of comparison for consumers.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.stellarmr.com/report/enquire_now/Travel-Bags-Market/1370
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Vietnam's travel bags market is thriving, buoyed by the growth of domestic tourism and export-oriented manufacturing. Companies like Samsonite and Targus are capitalizing on Vietnam's competitive manufacturing landscape by expanding their production facilities. The rise in disposable income and changing lifestyle preferences are creating new opportunities for mid-tier and premium travel bags in the country.
๐๐ก๐๐ข๐ฅ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Thailand's travel bags market is experiencing robust growth, driven by its position as a global tourism hub. Major brands such as American Tourister and Delsey are targeting Thailand's bustling retail sector with exclusive product launches. Government initiatives to promote domestic tourism are further bolstering the demand for travel bags.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง'๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Japan remains a leader in high-quality and innovative travel bags. Companies like Yoshida & Co., Ltd., known for their "Porter" brand, are pioneering eco-friendly and lightweight designs. Advanced materials and RFID-enabled security features are prominent trends driving the Japanese travel bags market.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐'๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
South Korea's travel bags market is undergoing consolidation, with leading brands like Kolon Industries acquiring smaller companies to strengthen their market position. The rising popularity of stylish and multifunctional bags among millennials is driving innovation. Collaborations between fashion designers and travel bag manufacturers are setting new trends in the market.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐'๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Singapore's travel bags market is evolving rapidly, leveraging its status as a retail and fashion hub. Companies such as VIP Industries are introducing limited-edition collections tailored for business travelers. Strategic partnerships with international brands and local retailers are enhancing the market's competitiveness.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The United States remains a dominant player in the global travel bags market, supported by the country's large consumer base and high spending on travel accessories. Key players like Briggs & Riley and Eagle Creek are focusing on expanding their product portfolios to include sustainable and tech-enabled travel bags. Recent mergers, such as Samsonite's acquisition of Tumi Holdings, highlight the competitive dynamics in the US market.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Europe's travel bags market is thriving, driven by the region's vibrant tourism industry and strong demand for luxury and designer bags. Countries like Germany, France, and Italy are leading the market, with companies such as Rimowa and Montblanc driving innovation in materials and aesthetics. Collaborative efforts with fashion houses are redefining premium travel bags in Europe.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ:https://www.stellarmr.com/report/req_sample/Travel-Bags-Market/1370
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
By Product Types
Travel
Hiking/Camping
Others
By Material
Nylon
Polyester
Others
By Distribution Channels
Online Channel
Offline Channel
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
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
RIMOWA GMBH
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Travel-Bags-Market/1370
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
LED Lighting Market: The Rise of Smart Home and Building Automation Technologies to Increase the Demand for LED Lighting Products and Boost the Market Growth https://www.stellarmr.com/report/LED-Lighting-Market/2236
FPV Drone Market https://www.stellarmr.com/report/fpv-drone-market/2350
Point Of Care Breathalyzers Market https://www.stellarmr.com/report/point-of-care-breathalyzers-market/2438
Postpartum Depression drug market https://www.stellarmr.com/report/postpartum-depression-drug-market/2462
Cashmere Clothing Market https://www.stellarmr.com/report/cashmere-clothing-market/2474
Milking Robot Market https://www.stellarmr.com/report/milking-robot-market/2477
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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