Press release
Sports Luggage Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
What combination of drivers is leading to accelerated growth in the sports luggage market?The growth of the sports luggage market is predicted to gain momentum from the surge in sports participation. Sports participation reflects the engagement of individuals in physical activities, ranging from recreational games to competitive sports. Such participation helps to boost physical health, mental well-being, and fosters social interaction and community building. Factors stimulating increased participation in sports include growing health consciousness, amplified youth involvement through school and government initiatives, and improved facilities resulting from better community infrastructure. Sports luggage facilitates players by offering convenient, organized, and secure pockets for their tools, easing the transportation of equipment to training spots, competitions, and events. As an example, in September 2023, the National Federation of State High Schools (NFHS), a US-based nonprofit organization, revealed that throughout the 2022-23 academic year, high school sports participation saw an addition of nearly 0.24 million, bringing the total to 7.85 million, a three percent rise from 2021-22 figures. Additionally, in July 2023, the Bureau of Labor Statistics, a US-based government agency, reported that during 2022, practically all individuals aged 15 and older engaged in sports activities on an average day. Among these participants, men dedicated more time, averaging at 5.8 hours, while women spent about 5.1 hours on these activities. Thus, the surge in sports participation contributes to the expansion of the sports luggage market.
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What is the projected compound annual growth rate (CAGR) of the sports luggage market from 2025 to 2034, and what factors influence it?
The market for sports luggage has seen significant expansion in the past few years. Presently valued at $1.96 billion in 2024, it is expected to further increase to $2.09 billion in 2025, progressing at a compound annual growth rate (CAGR) of 6.5%. Several factors have contributed to the growth observed in the historic period, such as heightened fitness consciousness, an increase in adventure tourism, an augmentation in the quantity of fitness clubs, a surge in athletes who are fashion-savvy, and the expanding adoption of smart luggage.
The market size of sports luggage is predicted to significantly expand in the coming years. By 2029, the market is expected to reach $2.68 billion, with a compounded annual growth rate (CAGR) of 6.4%. The anticipated growth during this forecast period can be credited to factors such as an increase in disposable income, popularity of ball sports events, urbanization, the boom in e-commerce, and the widespread use of online platforms. Leading trends during this period are expected to be characterized by features like advanced technology, intelligent luggage, water-proof materials, multi-functional bags, and wheeled duffel bags.
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How are the latest trends influencing the growth of the sports luggage market?
Leading businesses in the sports luggage market are directing their efforts towards the creation of innovative products like racket bags that offer protective and convenient carrying solutions for sport equipment and personal belongings. Racket bags are uniquely designed to securely store sports rackets alongside other sporting essentials such as footwear and accessories. An exemplary instance of this is the launch of a new range of padel bags and backpacks by Adidas AG, a sportswear manufacturer based in Germany, in March 2023. These bags are designed with a balance of usability and aesthetics, offering modern features like advanced moisture absorption technology to maintain dryness of the gear, enforced sections for systematic storage of rackets, shoes, and accessories, as well as robust, yet lightweight material for comfort and durability. The bags' ergonomic straps and cushioned back panels provide superior support for users. Furthermore, the bags' striking contemporary look, complemented by Adidas's iconic branding and vibrant color palettes, ensures they are as stylish as they are functional.
What are the major segments of the sports luggage market and their role in driving growth?
The sports luggage market covered in this report is segmented -
1) By Product: Golf Luggage, Ball Sports Luggage, Racket Sports Luggage, Hockey Luggage, Cricket Luggage, Other Products
2) By Material: Nylon, Polyester, Canvas, Leather
3) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Stores, Other Distribution Channels
Subsegments:
1) By Golf Luggage: Golf Club Bags, Golf Travel Cases, Golf Shoe Bags, Golf Accessory Bags
2) By Ball Sports Luggage: Soccer Bags, Basketball Bags, Baseball Bags, Volleyball Bags
3) By Racket Sports Luggage: Tennis Bags, Badminton Bags, Squash Bags, Table Tennis Cases
4) By Hockey Luggage: Hockey Stick Bags, Hockey Gear Bags, Goalie Equipment Bags, Hockey Puck Bags
5) By Cricket Luggage: Cricket Kit Bags, Cricket Bat Covers, Cricket Helmet Bags, Cricket Ball Bags
6) By Other Products: Ski And Snowboard Bags, Cycling Gear Bags, Fishing Tackle Bags, Gym And Training Bags
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Which regions are key players in the growth of the sports luggage market?
Asia-Pacific was the largest region in the sports luggage market in 2024. The regions covered in the sports luggage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the sports luggage market?
Major companies operating in the sports luggage market are Nike Inc., Adidas AG, Under Armour Inc., The North Face Inc., ASICS Corporation, Columbia Sportswear Company, Mizuno Corporation, Quiksilver Inc., Patagonia Inc., Eastpak Inc., Herschel Supply Co., Osprey Packs Inc., High Sierra Sport Company, BAGGU Inc., Dakine Inc., Roxy Inc., Speedo International Ltd., VINEX Enterprises Pvt. Ltd., Xiamen Sunrise Sports Co. Ltd., Grit Inc.
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What Is Covered In The Sports Luggage Global Market Report?
•Market Size Forecast: Examine the sports luggage market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sports luggage market for a structured understanding.
•Key Players Overview: Analyze major players in the sports luggage market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sports luggage market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sports luggage market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sports luggage market.
•Industry Challenges: Identify potential risks and obstacles affecting the sports luggage market.
•Competitive Landscape: Review strategic developments in the sports luggage market, including expansions, agreements, and new product launches.
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