Travel Accessories Industry Performance Metrics: CAGR and USD Comparisons for Competitive Analysis 2021-2031

Allied Market Research recently published a report, titled, "Travel Accessories Market by Type (Travel Bags, Electronic Accessories, Travel Pillow and Blanket, Toiletries, Others), by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Factory Outlets, Online Stores, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global travel accessories industry accounted for $48.2 billion in 2021, and is expected to reach $95.7 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

Major determinants of the market growth

Increase in expenditure on luxury lifestyle, growing per capita income, and surge in number of business and leisure trips per person have boosted the growth of the global travel accessories market. However, growing popularity of virtual tourism and adoption of technology in business sector to conduct virtual meeting hinder the market growth. On the contrary, rise in tourism promotion and rise in accessibility of transport facilities are expected to open new opportunities in the future.

Request Sample Report @https://www.alliedmarketresearch.com/request-sample/17215

The supermarkets and hypermarkets segment dominated the market growth

By distribution channel, the supermarkets and hypermarkets segment held the largest share in 2021, accounting for nearly one-third of the global travel accessories market, due to their convenience and easy accessibility to users. However, the online stores segment is expected to manifest the highest CAGR of 8.4% during the forecast period, due to easy accessibility and increased in digital marketing of online platforms.

The electronic accessories segment to manifest the highest CAGR through 2031

By type, the electronic accessories segment is projected to register the highest CAGR of 7.3% during the forecast period, owing to increased penetration of smart phones and increased demand for electronics. However, the travel bags segment held the largest share in 2021, contributing to more than two-fifths of the global travel accessories market, due to increased need for travel bags as travel and tourism increased.

Asia-Pacific held the largest share

By region, the global travel accessories market across Asia-Pacific held the largest share in 2021, accounting for nearly two-fifths of the market. Furthermore, the region is expected to showcase the highest CAGR of 7.7% during the forecast period, owing to rise in travel and tourism industry and surge in expenditure on luxury lifestyle. The report includes analysis of the market across North America, LAMEA, and Europe.

For Purchase Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/17215

Major market players
ACE Co., Ltd.
LVMH Group
Adidas AG
Nike, Inc.
Magellan's
Travel Blue Ltd.
Sungjoo Group
VF Corporation
United States Luggage Company, LLC.
VIP Industries Ltd.

Know More- https://www.prnewswire.com/news-releases/travel-accessories-market-to-garner-48-2-bn-globally-by-2031-at-6-4-cagr-allied-market-research-301588027.html

Similar Reports in Consumer Goods Industry
Kitchen Appliances Market https://www.alliedmarketresearch.com/kitchen-appliances-market
Wet Vacuum Cleaner Market https://www.alliedmarketresearch.com/wet-vacuum-cleaner-market-A06115
Commercial Cooking Equipment Market https://www.alliedmarketresearch.com/commercial-cooking-equipment-market

Contact:
Davin Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.

Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.

This release was published on openPR.