The Luggage Market report segments the industry into Product Type (Travel Luggage, Business Luggage, Sports Luggage, Backpack, Other Product Types), Material (Hard Case, Soft Case), Distribution Channel (Offline Retail Stores, Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). Get five years of historical data alongside five-year market forecasts.

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Luggage Market Size 2025-2029

The luggage market size is forecast to increase by USD 16.64 billion at a CAGR of 8.5% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the travel and tourism industry's expansion. According to the World Tourism Organization, international tourist arrivals reached 1.4 billion in 2018, representing a 6% increase from the previous year. This trend is expected to continue, with the organization forecasting that global tourist arrivals will reach 1.8 billion by 2030. Another key driver in the market is the introduction of convertible and foldable luggage. These innovative products cater to the increasing demand for lightweight and portable luggage, making travel more convenient for consumers. However, the market is not without challenges. Increasingly stringent security measures by airlines, particularly regarding smart luggage, pose a significant hurdle. Many airlines have imposed restrictions on the use of smart luggage with lithium-ion batteries due to safety concerns. Companies in the market must navigate these challenges by developing products that comply with these regulations while still meeting consumer demand for innovative and functional luggage solutions. Overall, the market presents significant opportunities for companies that can effectively address these challenges and meet the evolving needs of consumers in the growing travel and tourism industry.

What will be the Size of the Luggage Market during the forecast period?

Request Free SampleThe market encompasses a diverse range of products catering to various consumer needs and preferences. Key market drivers include the travel & tourism industry's growth, outbound tourists' increasing numbers, and consumer lifestyles evolving towards more frequent traveling. Luggage offerings span from traditional hard material chests and wooden trunks to modern, lightweight suitcases made of durable soft materials. Emerging trends include luggage with sturdy wheels, expandable capacity, high-security locks, and even integrated GPS trackers. Consumer demographics, such as Gen Z and millennials, seek luggage that aligns with their active lifestyles, with offerings in athleisure and professional sports-inspired designs gaining popularity. Startups and emerging economies contribute to the market's dynamic landscape, offering competitive pricing and innovative solutions. Overall, the market is poised for continued growth, driven by consumers' desire for convenient, secure, and technologically advanced travel solutions.

How is this Luggage Industry segmented?

The luggage industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Distribution ChannelSpecialty storesDepartment stores hypermarkets and supermarketsOnline retailWarehouse clubsProductTravel luggageCasual luggageBusiness luggageSports luggageGeographyAPACAustraliaChinaIndiaJapanSouth KoreaNorth AmericaUSCanadaEuropeFranceGermanyUKSouth AmericaMiddle East and Africa

By Distribution Channel Insights

The specialty stores segment is estimated to witness significant growth during the forecast period.The market encompasses manufacturing units of various materials, including Acrylonitrile-butadiene-styrene (ABS) and Polyvinyl chloride (PVC. This market caters to diverse customer segments, from budget-conscious travelers to business executives. Battery-enabled luggage, such as smart trolley bags with digital locking systems, LED light systems, and GPS trackers, are gaining popularity due to their advanced features. Automated technology, such as telescoping handles and 360-degree wheels, enhances the ease of handling. Specialty stores, including those specializing in canvas collections and eco-friendly offerings, dominate the retail landscape. These shops provide a consistent shopping experience, offering a wide range of brands and product portfolios. Brands like DELSEY and Samsonite International operate company-owned independent stores, showcasing their latest innovations and designs. Consumer lifestyles continue to influence new product development, with a focus on lightweight, expandable, and multi-functional luggage bags. Sustainable production practices and eco-friendly variants are increasingly important, as are connectivity features, such as Bluetooth connectivity and USB ports. The travel & tourism industry's growth, along with favorable exchange rates and higher incomes, contribute to the market's expansion. Investment pockets, such as acquisitions and partnerships, enable companies to expand their product offerings and reach new customer segments. Innovative designs, from convertible seat luggage to backpacks with built-in laptop compartments, cater to various travel needs. The market's competiti

Discover the dynamic landscape of India's luggage and bags market, projected to grow at a CAGR of 14.4% from 2024 to 2030. Explore the drivers, opportunities, and challenges shaping the industry, from expanding MICE events to government initiatives and the rise of smart, tech-enabled luggage.

Luggage Market size is estimated to be valued at US$ 20.96 Bn in 2025 and is expected to expand at a with a steady rate of 8.1%, reaching US$ 36.16 Bn by 2032.

Smart Luggage Market Outlook

The global smart luggage market size was valued at USD 1.7 billion in 2023, and it is projected to reach USD 6.1 billion by 2032, growing at a CAGR of 15.5% from 2024 to 2032. This remarkable growth can be attributed to the increasing adoption of advanced technologies and the rising demand for convenience and security among travelers. The integration of Internet of Things (IoT) and various smart features like GPS tracking, USB charging, and remote locking mechanisms are driving the market forward.

One of the primary growth factors of the smart luggage market is the rapid advancement in technology. With the evolution of smart devices and increasing consumer inclination towards tech-savvy solutions, smart luggage offers a blend of convenience, safety, and efficiency. Features like real-time tracking, automatic locking, and portable charging have become essential for modern travelers who seek to enhance their travel experience. Furthermore, the increasing penetration of smartphones and the internet has made it easier to integrate these advanced features into luggage, thereby boosting the market growth.

Another significant growth driver is the rising disposable income and changing lifestyles. As global economies grow and disposable incomes rise, there is an increase in domestic and international travel. This surge in travel activities necessitates the need for more efficient and secure luggage solutions, pushing the demand for smart luggage. Additionally, the growing awareness about the benefits of smart luggage, such as reduced risk of theft and loss, has made it a preferred choice among consumers, further propelling market growth.

The third major factor contributing to the market expansion is the increasing concern for luggage security. Traditional luggage solutions often fall short in providing adequate security, leading to loss or theft of belongings. Smart luggage, equipped with advanced security features like biometric locks, proximity sensors, and GPS tracking, addresses these concerns effectively. The ability to monitor and control luggage remotely provides travelers with peace of mind, thereby increasing the adoption of smart luggage solutions.

From a regional perspective, North America holds a significant share in the smart luggage market due to the early adoption of advanced technologies and a high number of frequent travelers. The presence of major market players and robust infrastructure further supports market growth in this region. However, Asia Pacific is expected to witness the highest growth rate during the forecast period. Rapid urbanization, increasing disposable incomes, and a booming travel industry are key factors driving the market in this region. Europe also shows substantial potential owing to the high travel demand and increasing consumer awareness about smart luggage benefits.

Product Type Analysis

The smart luggage market is segmented by product type into carry-on, checked luggage, duffel bags, backpacks, and others. Carry-on smart luggage is highly preferred due to its convenience and portability. These bags are designed for frequent travelers who need quick access to their belongings and the ability to navigate through airports seamlessly. The integration of features such as USB charging ports and GPS tracking in carry-on luggage makes it a popular choice, contributing significantly to the overall market revenue.

Checked luggage, on the other hand, caters to travelers who require more storage space and are usually on longer trips. These luggage types are equipped with advanced security features, such as remote locking and tracking capabilities, which ensure the safety of belongings throughout the journey. The increasing adoption of checked smart luggage by business and leisure travelers is expected to drive this segment's growth. Moreover, innovations like self-weighing and digital display systems further enhance their appeal.

Duffel bags and backpacks also hold a notable share in the smart luggage market. Duffel bags, known for their flexibility and lightweight nature, are preferred by travelers for short trips or as additional storage options. Smart duffel bags equipped with features like Bluetooth connectivity and portable charging are gaining traction among younger travelers and adventure enthusiasts. Similarly, smart backpacks, which offer functionalities like solar charging and anti-theft mechanisms, are becoming increasingly popular among tech-savvy consumers and daily commuters.

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Luxury Luggage Market Outlook

As of 2023, the global luxury luggage market size is valued at approximately USD 24 billion, and it is projected to reach USD 46.5 billion by 2032, growing at a CAGR of 7.6% over the forecast period. This impressive growth is driven by several factors including the increasing disposable income among consumers, the rise in global travel and tourism, and the continuous innovations in luggage design and materials.

One of the primary growth factors in the luxury luggage market is the increasing disposable income among the middle and upper class populations globally. As people earn more, they are willing to invest in high-quality, durable, and stylish luggage products that not only serve functional purposes but also enhance their status and style. Additionally, there is a growing trend of premiumization across various consumer goods sectors, including luggage, where consumers opt for branded and high-end products over cheaper alternatives.

Another significant growth driver is the robust expansion of the travel and tourism industry. With the world becoming more accessible through affordable flights and the proliferation of travel culture, both for business and leisure, the demand for sophisticated and durable luggage is on the rise. Luxury luggage offers features such as advanced security, ergonomic design, and superior aesthetics, which appeal to frequent travelers who prioritize convenience and style. Moreover, the increase in business travel has also been a substantial contributor to the rising demand for luxury luggage.

Technological advancements and innovations in luggage design and materials have also played a vital role in propelling the luxury luggage market forward. Innovators in the industry are continuously working on developing lightweight, durable, and smart luggage options that offer features like GPS tracking, built-in chargers, and remote locking systems. These sophisticated features cater to the modern traveler's need for convenience and connectivity, further driving the market demand.

An often overlooked yet essential accessory in the luxury luggage market is the Luggage Tag. These tags not only serve a practical purpose by helping travelers identify their bags quickly, but they also offer an opportunity for personalization and style. High-end luggage tags are crafted from premium materials such as leather or metal, and can be customized with initials or unique designs, adding a touch of elegance to any piece of luggage. As the trend for personalized travel accessories grows, luxury brands are increasingly offering bespoke luggage tags as part of their product lines. This not only enhances the travel experience but also strengthens brand identity and customer loyalty. The demand for such personalized items is expected to rise as more consumers seek to express their individuality through their travel gear.

Regionally, North America and Europe have traditionally been significant markets for luxury luggage due to high disposable incomes and a strong culture of travel. However, Asia Pacific is emerging as a critical growth region, driven by economic growth, increasing middle-class populations, and changing consumer lifestyles. Countries like China and India are experiencing a surge in demand for luxury goods, including luggage, with growing urbanization and the influence of Western lifestyles.

Product Type Analysis

The luxury luggage market can be segmented based on product type into suitcases, travel bags, backpacks, duffel bags, and others. Each of these categories caters to different consumer needs and preferences, contributing uniquely to the market's growth. Suitcases, often seen as the staple of luxury luggage, are favored for their durability, spacious interiors, and often come with advanced features such as wheels and telescopic handles. These features provide ease of transportation and are particularly popular among frequent flyers and business travelers.

Travel bags, which include trolley bags and cabin bags, are gaining popularity due to their convenience and style. These bags are designed for short trips and weekend getaways, providing enough space for essentials while being compact and easy to carry. The aesthetic appeal and functional benefits of travel bags make them a favorite among young travelers and professionals alike. Moreover, travel bags have seen significant innovations with features like expandable compartments and multi-directional wh

This statistic shows the luggage market value worldwide from 2017 to 2022, with a forecast until 2025. In 2022, the luggage market was valued at approximately 17.6 billion U.S. dollars worldwide, which was a slight increase from the previous year.

The timeline shows the retail sales value of the global luggage market from 2006 to 2010 and provides a forecast until 2015, by segment. In 2015, the retail sales value of the casual bag segment is expected to be about 12.72 billion U.S. dollars. The total retail sales value of the global luggage market is forecasted to be about 31.62 billion U.S. dollars in 2015.Luggage MarketThe luggage manufacturing industry is highly diversified, encompassing products from computer bags and business carry-ons to backpacks and golfbags. The U.S. market is dominated by foreign imports, and U.S. manufacturers must compete with these lower cost competitors. Much of the market’s performance is driven by consumer segments that have experienced significant slumps in the last several years.No longer simply hard-sided gray suitcases, the luggage industry must maintain a focus on innovation and design while competing against lower cost foreign manufacturers and a fickle tourism industry.

Discover the latest projections for the luggage and handbags market, predicting a steady increase in demand and market value over the next six years. By 2030, the market is estimated to reach 5.6 billion units and $60.9 billion in value.

The United States is leading the ranking by revenue in the 'Luggage & Bags' segment of the accessories market, recording 28.7 billion U.S. dollars. Following closely behind is China with 19.5 billion U.S. dollars, while Turkey is trailing the ranking with 1.7 billion U.S. dollars, resulting in a difference of 27 billion U.S. dollars to the ranking leader, the United States. Find other insights concerning similar markets and segments, such as a ranking by country regarding revenue in the accessories market and a ranking of subsegments in North America regarding revenue in the Accessories market as a whole. The Statista Market Insights cover a broad range of additional markets.

The size of the USA Sports Luggage Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 10.32% during the forecast period. Sports luggage is designed to accommodate and protect sports equipment and gear during travel. These bags are typically made from durable, tear-proof, and water-repellent materials to withstand rough handling and various weather conditions. They come in various forms, including duffel bags, backpacks, and specialized cases for specific sports like golf, tennis, or skiing. Key features often include multiple compartments for organized storage, padded sections to protect delicate items, and ergonomic designs for easy carrying. Some sports luggage also includes wheels and telescopic handles for added convenience. The goal is to ensure that athletes can transport their gear safely and efficiently, whether they're heading to a local game or traveling internationally for a competition. Key drivers for this market are: Surging Demand for Athleisure Footwear, Aggressive Marketing by Brands. Potential restraints include: Extensive Availability of Counterfeit Products. Notable trends are: Growing Influence of Athleisure and Health Wellness Trends.

According to Cognitive Market Research, the global Sports Luggage market size will be USD 2642.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1057.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 792.7 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 607.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 132.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 52.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The Cricket Luggage Sport Type held the highest Sports Luggage market revenue share in 2024.

Market Dynamics of Sports Luggage Market

Key Drivers for Sports Luggage Market

Increasing Popularity of Sports to Increase the Demand Globally

The surge in global participation in sports and fitness activities is driving the demand for specialized sports luggage. The Sports & Fitness Industry Association (SFIA) Topline Participation Report 2024 highlights pickleball as the fastest-growing sport in America, with participation increasing by 51.8% from 2022 to 2023 and an astounding 223.5% over the past three years. In 2020, over half of children aged 6–17 (54.1%) took part in sports in the previous year, with a higher percentage among boys (56.1%) compared to girls (52.0%), and among those aged 12–17 (55.6%) compared to those aged 6–11 (52.5%). As more individuals engage in gym workouts, outdoor sports, and recreational activities, there is an increasing need for durable, functional, and well-organized sports luggage. The growing interest in sports tourism, including travel for events, tournaments, and training camps, further drives the demand for luggage tailored to specific sports equipment and apparel. According to sportsETA, spending by sports travelers, event organizers, and venues reached $39.7 billion in 2021, marking an 82.0% increase from 2020 as the sector rebounded strongly. https://www.sportstravelmagazine.com/wp-content/uploads/2022/05/Sports-ETA-SOTI.pdf https://sfia.org/resources/sfias-topline-participation-report-shows-strong-positive-trends-across-multiple-sports-and-fitness-categories-2/ https://www.cdc.gov/nchs/products/databriefs/db441.htm

Large Number of Sporting Events to Propel Market Growth

The rising interest in outdoor and adventure sports, including hiking, camping, and cycling, is driving the demand for specialized sports luggage designed to endure rugged conditions and carry essential gear. According to the Outdoor Industry Association, the number of outdoor recreation participants reached a record 168.1 million in 2022, representing 55% of the U.S. population aged 6 and older. This participant base has grown annually over the past eight years, adding 14.5 million individuals since January 2020. The expansion of product ranges to include luggage tailored for various outdoor activities meets the diverse needs of adventure enthusiasts. https://americancanoe.org/wp-content/uploads/2023/06/2023_Outdoor_Participation_Trends_Report.pdf

Restraint Factor for the Sports Luggage Market

High Cost of Premium Sports Luggage to Limit the Sales

High-quality sports luggage often uses advanced materials and innovative designs that come at a premium cost. This can limit the accessibility of these products to budget-conscious consumers, affecting overall market growth. Luxury sports luggage brands with high price points may only appeal to a niche market segment, reducing their potential market share. Fluctuations in the cost of raw materials, such as high-quality fabrics and durable components, can impact production costs and retail prices of sports luggage. Disruptions in the supply chain or manufacturing delays, whether due to geopolitical issues, trade restrictions, or natural disasters, can affect product availability and ...

In 2022, the bags and luggage market was valued at approximately 152 billion U.S. dollars worldwide and was forecast to be worth 200 billion dollars in 2026.

The global luggage market

Historically, luggage consisted of trunks or chests, but today they include briefcases, backpacks and suitcases. Consumers have a large variety of different sizes, colors, and styles they can choose from which suits their particular purpose and personal style. Luggage can be segmented into travel, business or casual use. Disposable income amongst consumers and the growing economy are the main factors which fuels leisure travel and thus, luggage purchases. The travel and tourism market revenue was highest in the United States in 2023, folllowed by China and Germany.

Samsonite

The largest player in global travel goods is Samsonite. The company was founded in 1910 in the United States, however has since moved it’s head of operations to Luxembourg. Samsonite operates several popular brand names, including American Tourister, Tumi, Speck and High Sierra, to name a few. As of 2022, a seventy percent share of Samsonite’s net sales was attributed to travel-related products. North America was the leading region of Samsonite sales, followed closely by Asia.

Learn about the projected growth of the luggage and handbags market over the next decade, driven by increasing demand worldwide. Market performance is forecasted to expand with a CAGR of +0.5% in volume terms and +1.8% in value terms from 2024 to 2035, reaching 6.2B units and $61.3B in nominal prices by the end of 2035.

Hard Sided Luggage Market Outlook

The global hard sided luggage market size is anticipated to reach approximately USD 30 billion by 2032, growing from USD 18 billion in 2023, at a compound annual growth rate (CAGR) of 5.5% during the forecast period. This growth can be attributed to increasing travel activities, rising disposable incomes, and a growing preference for durable and secure luggage options among consumers.

Several factors are driving the growth of the hard sided luggage market. The most significant is the increasing frequency of travel worldwide, including both leisure and business travel. With more people traveling for various purposes, the demand for robust and secure luggage has grown. Hard sided luggage offers superior protection for belongings, which is particularly important for travelers carrying valuable or fragile items. Moreover, the trend of experiential travel and adventure tourism has encouraged consumers to invest in sturdy luggage that can withstand rough handling and harsh environments.

Another crucial growth factor is the rising disposable income across emerging economies. As people in these regions gain more financial stability, they are increasingly investing in high-quality products, including travel gear. The growing middle class in countries like China and India is particularly notable for its affinity toward branded and durable luggage. This shift in consumer preference is driving the demand for hard sided luggage, which is perceived as a premium product offering better security and longevity compared to soft-sided alternatives.

Technological advancements and innovations in materials are also contributing significantly to market growth. Manufacturers are continuously exploring new materials like polycarbonate and aluminum that offer enhanced durability while being lightweight. Additionally, features such as built-in locks, GPS tracking, and integrated USB ports for charging electronic devices are becoming increasingly popular, adding to the attractiveness of hard sided luggage. These innovations not only enhance the functionality of the luggage but also cater to the tech-savvy consumers who seek convenience and security.

Regionally, North America and Europe are prominent markets for hard sided luggage due to the high travel frequency and preference for premium products. However, Asia Pacific is expected to witness the highest growth rate during the forecast period. This is driven by increasing travel activities, rapid urbanization, and the rising middle class in countries like China, India, and Japan. The growing tourism industry in Asia Pacific is also a significant factor contributing to the market's expansion in this region.

Product Type Analysis

The hard sided luggage market is segmented by product type into carry-on, checked, and others. The carry-on segment holds a substantial share of the market due to the increasing preference for short-term travel and the convenience of avoiding checked baggage fees. Travelers, particularly business travelers, frequently opt for carry-on luggage to save time and ensure their belongings remain with them throughout their journey. Innovations such as four-wheel spinners and expandable compartments have further boosted the carry-on segment's popularity.

The checked luggage segment, on the other hand, caters to travelers who require more storage space for longer trips. This segment is seeing a steady demand, especially among families and international travelers who need to carry more items. The durability and security features of hard sided checked luggage make it a preferred choice for protecting personal belongings during transit. Enhanced designs with separate compartments and compression straps are making checked luggage more efficient and user-friendly, thus driving its market growth.

Other product types within the hard sided luggage market include specialty luggage such as suitcases designed for specific items like sports equipment or musical instruments. These niche products have a smaller market share but are essential for certain consumer segments. The demand for specialized luggage is growing as travelers look for tailored solutions to meet their unique needs. Moreover, manufacturers are focusing on creating versatile products that can serve multiple purposes, thus appealing to a broader audience.

Across all product types, the emphasis on lightweight yet durable materials is a significant trend. Consumers are increasingly looking for luggage that offers maximum protection without adding ext

The global luggage market, valued at $30.73 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 8.09% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning travel and tourism sector, particularly leisure travel, significantly boosts demand for luggage across all segments. The increasing preference for comfortable and convenient travel experiences, coupled with rising disposable incomes in developing economies, further fuels market growth. Secondly, the shift towards online retail channels provides convenient access to a wider range of luggage options, catering to diverse preferences and budgets. Furthermore, innovation in luggage design, incorporating features like enhanced durability, lightweight materials, and smart technology integration, contributes to increased consumer appeal and premium pricing. Finally, the expanding popularity of adventure tourism and outdoor activities is driving demand for specialized sports and travel luggage. However, certain factors could restrain market growth. Fluctuations in raw material prices, particularly for plastics and metals, can impact manufacturing costs and ultimately, product pricing. Furthermore, the increasing popularity of lightweight carry-on luggage could negatively affect the sales of larger checked luggage. Competition within the luggage market remains intense, with established players and emerging brands vying for market share. Successful strategies will focus on product differentiation, strong branding, and efficient distribution networks. Market segmentation reveals significant opportunities across diverse product categories (travel, casual, business, and sports luggage) and distribution channels (specialty stores, department stores, online retail, and warehouse clubs). Regional variations exist, with APAC (particularly China) and North America anticipated to dominate market share due to higher disposable incomes and robust tourism sectors. Europe and other regions will also contribute substantially to the overall market expansion.

According to Cognitive Market Research, the global Luxury Luggage market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.30% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024ss and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The travel luggage held the highest Luxury Luggage market revenue share in 2024.

Market Dynamics of Luxury Luggage Market

Key Drivers for Luxury Luggage Market

Rising Product Launches to Propel the Market Revenue Growth

Luxury luggage and backpacks are becoming more and more popular among consumers. Many businesses are producing exquisitely made designer travel bags to provide their customers a sense of luxury. For example, in July 2023, VistaJet introduced a trip collection to go along with their Global 7500 aircraft fleet by teaming up with the leather goods company Valextra. The original Avietta travel bag, the Boston travel bag, the small and medium Costa suitcase, and a slimline passport holder are all part of the limited-edition set. Every piece is made from Valextra's renowned Millepuntecalfskin and is distinguished by unique design elements and handmade accents, such as the hand-painted black lacquered Costa edge by Valextra and the winglet that is exclusive to VistaJet.

(Source: https://www.connectingtravel.com/news/vistajet-launches-luxury-luggage-collection.)

Growing Travel and Tourism Industry to Boost Market Growth

The expansion of the travel and tourist sector worldwide is driving up demand for upscale luggage. The need for strong, fashionable, and reliable baggage options is growing as more people travel for work and pleasure. Luxury luggage companies take advantage of this trend by providing goods that appeal to discerning tourists looking for both elegance and functionality. According to the World Travel and Tourism Council, the travel and tourism industry's 9.1% GDP contribution in 2023 was up 23.2% from 2022 and just 4.1% less than in 2019.

(Source: https://wttc.org/research/economic-impact.)

Restraint Factor for the Luxury Luggage Market

Counterfeit Products to Limit the Market Growth

Counterfeit items pose a threat to luxury luggage manufacturers, as they can diminish their brand equity and undermine consumer confidence. The uniqueness and authenticity of luxury brands are compromised by counterfeit items, which also negatively affect their reputation and financial success. Furthermore, excessive publicity and the general public's access to high-end bags via unapproved channels can weaken brand equity. Thus, hampering the market growth.

Impact of Covid-19 on the Luxury Luggage Market

The pandemic negatively impacted the market growth in COVID-19 era. During the early stages of the crisis, travel was almost stopped due to lockdowns, limitations on travel worldwide, and safety concerns. Because fewer people were traveling, more people decided not to go at all, which hurt demand for luxury bags. As a result, upscale travel accessories sold less of them. In addition, consumers revised their priorities for spending as disposable income decreased and economic uncertainty persisted. A lot of them placed a higher value on savings and necessary expenditures than on luxuries like fancy bags. The market for luxury non-essential items shrank as a result of the shift in expenditure toward necessities. Introduction of the Luxury Luggage Market

High-end, frequently designer-branded travel bags and suitcases made of premium materials like leather, canvas, or high-tech textiles are referred to as luxury luggage. Usually, these objects are prized for their innovative designs, fine craftsmanship, and meti...

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Global luggage market is expected to grow at a CAGR of 5.2% and is anticipated to reach around USD 75.3 billion by 2026. Luggage is used during domestic and international traveling by any means of transport to carry personal belongings.