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Surge In Leisure Travel Fuels Growth In Travel Accessories Market: Key Factor Driving The Growth In The Travel Accessories Market
The Travel Accessories Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Travel Accessories Market Size During the Forecast Period?
The travel accessories market has experienced solid growth in recent years. It will grow from $53.05 billion in 2024 to $57.21 billion in 2025, reflecting a CAGR of 7.8%. The growth is attributed to the influence of fashion trends, rapid urbanization, social media impact, growing focus on health and wellness, and a rising youth population.
The travel accessories market is projected to experience strong growth, reaching $76.29 billion by 2029, with a CAGR of 7.5%. This growth is attributed to higher disposable incomes, the expanding travel industry, increased international tourism, lifestyle changes, and more frequent business travel. Major trends include a shift toward personalized and customizable travel accessories, innovations in travel gear, demand for sustainable and eco-friendly products, the rise of multipurpose and convertible accessories, and the increasing popularity of smart luggage.
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What Are the High-Growth Segments in the Travel Accessories Market?
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
Subsegments:
1) By Travel Bags: Suitcases And Luggage, Backpacks, Duffel Bags, Carry-On Bags, Garment Bags
2) By Travel Outfits: Travel Clothing, Travel Shoes, Outerwear
3) By Business Cases: Briefcases, Laptop Bags, Messenger Bags, Business Travel Organizers
4) By Electronic Accessories: Power Banks, Travel Adapters And Converters, Headphones And Earbuds, Chargers And Cables, Portable Speakers
5) By Personal Leather Goods: Wallets, Passport Holders, Travel Organizers, Luggage Tags, Belts
6) By Toiletries: Toiletry Bags, Travel Bottles, Shaving Kits, Toothbrushes And Toothpaste Sets, Skincare And Personal Care Kits
7) By Food Box: Insulated Lunch Boxes, Bento Boxes, Reusable Food Containers, Thermos Or Flask
8) By Travel Pillow And Blanket: Neck Pillows, Inflatable Pillows, Travel Blankets, Sleep Masks
9) By Locks: Luggage Locks, Combination Locks, Cable Locks, TSA-Approved Locks
10) By Other Product Types: Travel Organizers, Safety Accessories, Travel Games And Entertainment, Travel Neck Straps And ID Holders
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What Key Drivers Are Expected to Influence Future Travel Accessories Market Growth?
The increase in travel and tourism activities for leisure purposes is expected to drive the growth of the travel accessories market. With rising disposable incomes and better travel infrastructure, the demand for leisure travel is growing. Travel accessories help enhance comfort and convenience for travelers. The United Nations World Tourism Organization reported that international tourist arrivals reached 80% of pre-pandemic levels in 2023, further fueling the demand for travel accessories.
Which Companies Hold the Largest Share Across Different Travel Accessories Market Segments?
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.
What Trends Are Driving Growth in The Travel Accessories Market?
Companies in the travel accessories market are innovating by developing products made from upcycled aircraft materials to provide a second life to materials otherwise discarded. These accessories are crafted from repurposed materials from decommissioned aircraft. For instance, in November 2023, Emirates, a UAE-based airline, launched a limited-edition collection of luggage, bags, and accessories made from upcycled materials from retired aircraft. The collection includes items made from aircraft seats, headrests, and even leather from A380 lounge couches, offering a blend of style and aviation history.
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What Are the Emerging Geographies for The Travel Accessories Market Growth?
Asia-Pacific was the largest region in the travel accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the travel accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Travel Accessories Market?
2. What is the CAGR expected in the Travel Accessories Market?
3. What Are the Key Innovations Transforming the Travel Accessories Industry?
4. Which Region Is Leading the Travel Accessories Market?
Why This Report Matters:
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Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
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