In 2022, the bags and luggage market was valued at approximately *** billion U.S. dollars worldwide and was forecast to be worth *** 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 ************* in 2023, followed by ***** and *******. 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 ** percent share of Samsonite’s net sales was attributed to travel-related products. ************* was the leading region of Samsonite sales, followed closely by ****.

The coronavirus pandemic had a significant impact on luggage sales value in the United States. In 2020, U.S. retail luggage sales declined by 59.7 percent in comparison to the previous year.

COVID-19 impact on luggage sales

The coronavirus (COVID-19) pandemic, commencing at the beginning of spring 2020, changed the way consumers shopped and travelled almost immediately. In an attempt to control the spread of the pandemic, several governments across the globe put in place strict shopping rules, curfews, and travel bans. In the United States, 77 percent of consumers reported that they stayed at home more, and 56 percent states they travelled less. It is due to these reasons why luggage sales during the pandemic dropped. Backpacks and handbags can be used in other more casual situations compared to luggage, which is primarily used during travel. In 2020, the global luggage market was valued at only 16 billion U.S. dollars, a steep decrease from the previous year.

The global luggage market

As more of the population gets vaccinated and adheres to preventative measures, governments worldwide begin opening up non-essential retail stores and their borders. Samsonite, the world’s leading luggage producer, had a steep decrease in revenue during the pandemic. In 2020, their revenue was down by more than 50 percent compared to the previous year. Fortunately, this trend is not expected to continue as consumers are itching to go travelling and shopping again. In fact, the global luggage market is expected to take advantage of this. Celebrities such as Harry Styles and Tyler, the Creator are already showing off luggage as part of their personal style in this post-pandemic era. By 2024, the global luggage market is expected to fully recover, and to exceed pre-pandemic values.

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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. Growth of travel and tourism industry will drive the luggage market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 37% growth during the forecast period.
By Distribution Channel - Specialty stores segment was valued at USD 11.03 billion in 2023
By Product - Travel luggage segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 106.98 billion
Market Future Opportunities: USD USD 16.64 billion 
CAGR : 8.5%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and evolving industry that caters to the travel needs of consumers worldwide. With the continuous growth of the travel and tourism sector, the demand for luggage solutions has seen a significant surge. One of the most notable trends in the market is the introduction of core technologies such as convertible and foldable luggage, which offer enhanced convenience and portability. However, the market faces challenges from increasing regulations, including restrictions on smart luggage by airlines for security purposes. As of 2022, the market is estimated to hold a substantial market share in the global travel goods industry, accounting for over 25% of the market share. Related markets such as the backpacks and travel bags market also contribute significantly to the industry's growth. The market's future outlook is promising, with opportunities in emerging economies and the increasing adoption of eco-friendly luggage materials. (Source: Statista)

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

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How is the Luggage Market Segmented and what are the key trends of market segmentation?

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 luggageGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Distribution Channel Insights

The specialty stores segment is estimated to witness significant growth during the forecast period.

The market exhibits significant growth, with wheel replacement and handle replacement services witnessing a notable demand. Hard-shell suitcases, crafted from durable fabric and featuring impact-resistant shells, continue to dominate the market. Manufacturers prioritize ergonomic design, lightweight materials, and interior organization systems to cater to the evolving needs of travelers. Suitcase liners, toiletry bags, and packing cubes have become essential travel accessories. The industry anticipates a rise in the adoption of RFID blocking pockets and expandable suitcases. Manufacturing processes focus on quality control measures and warranties, ensuring durability and customer satisfaction. Travel accessories, such as luggage handle repair kits and zippered compartments, are increasingly popular. TSA-approved locks, compression straps, and garment bags are other essential features. Design aesthetics and material sourcing play a crucial role in market differentiation. Durable fabric luggage, water-resistant coatings, and secure zipper closures are essential considerations for frequent travelers. The market also offers a wide range of luggage types, including rolling suitcases, luggage with TSA lock combinations, and soft-sided luggage. The market growth is driven by the increasing number of business and leisure travelers, as well as the growing popularity of eco-friendly and sustainable materials. Shipping costs and design aesthetics are significant factors influencing customer decisions. The market is expected to expand further, with an estimated 25% of consumers planning to purchase new luggage in the next year. Additionally, the market anticipates a 30% increase in demand for luggage with RFID technology. These trends reflect the continuous evolution of the market and its applications across various sectors.

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The Specialty stores segment was valued at USD 11.03 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 37% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Luggage Market Demand is R

Around 285.7 million U.S. dollars' worth of travel/sports bags were exported from the United States to different parts of the world in 2022. In comparison, U.S. exports of travel/sports bags amounted to approximately 284 million U.S. dollars in 2019.

Between 2016 and 2020, travel issues including late delivery, delay, and baggage comprised ** percent of total aviation insurance claims worldwide. During the same period, collision or crash incidents accounted for ** percent of all aviation insurance claims by value, which was equivalent to ************ U.S. dollars.

Between 2019 and 2024, collision or crash incidents accounted for ** percent of all aviation insurance claims by value, which was equivalent to *********** U.S. dollars. During the same period, travel issues including luggage and delay comprised *** percent of the total aviation insurance claims worldwide.