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The Travel Bags Market is estimated to be valued at USD 21.5 billion in 2025 and is projected to reach USD 47.6 billion by 2035, registering a compound annual growth rate (CAGR) of 8.3% over the forecast period.
Metric | Value |
---|---|
Industry Size (2025E) | 21.5 billion |
Industry Value (2035F) | USD 47.6 billion |
CAGR (2025 to 2035) | 8.3% |
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The Global Travel Bags Market Report is Segmented by Material Type (Hard, Soft), End User (Adults, Kids), Category (Mass, Premium), Distribution Channel (Online Retail Stores, Offline Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).
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The United States (US) Travel Bag Market size is expected to reach $5.8 Billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 138830.7 Thousand Units, experiencing a growth of 4.7% (2019-2022). The travel bag market in
This statistic represents the value of the travel bag market in the United States from 2014 to 2025, broken down by material. In 2016, the U.S. market value of travel bags with a soft side was approximately *** billion U.S. dollars and was forecast to reach a value of around *** billion U.S. dollars by 2025.
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The global trolleys travel bag market size is projected to expand significantly from $23.5 billion in 2023 to reach approximately $38.9 billion by 2032, reflecting a CAGR of 6.4% over the forecast period. This robust growth can be attributed to increasing global travel activities, rising disposable incomes, and the growing demand for convenient and durable travel solutions. As more people travel for both leisure and business, the necessity for reliable and functional travel bags has become paramount, driving market expansion.
One of the primary growth factors for the trolleys travel bag market is the surge in international tourism and business travel. As global connectivity improves and travel becomes more accessible, there is a steady increase in the number of people traveling across the globe. This has led to a higher demand for travel accessories that offer convenience and ease of mobility. Trolley bags, equipped with wheels and handles, provide a practical solution for travelers who seek comfort and efficiency, thereby fueling market growth.
Another significant growth driver is technological advancements in material science and product design, leading to the development of lightweight, durable, and aesthetically pleasing trolley bags. Manufacturers are increasingly utilizing advanced materials such as polycarbonate and ABS that offer strength without adding extra weight. Additionally, innovations in design, including expandable compartments and smart luggage features like GPS tracking and built-in power banks, are attracting tech-savvy consumers and enhancing market appeal.
The rise in disposable income among the middle-class population, particularly in emerging economies, is also a key factor propelling the market. As people have more spending power, they are more likely to invest in high-quality travel accessories. Changes in lifestyle, along with the growing trend of frequent short trips and weekend getaways, necessitate the need for reliable and stylish trolley bags. This shift in consumer behavior towards premium and branded products is expected to significantly contribute to market growth.
Regionally, the Asia Pacific region is expected to witness the highest growth rate, driven by rapid urbanization, a burgeoning middle class, and increasing travel activities within the region. Countries like China, India, and Japan are at the forefront of this growth, supported by robust economic development and an expanding travel sector. Europe and North America also hold significant market shares due to the high travel frequency and the presence of established market players. These regions' mature markets are characterized by a steady demand for innovative and high-quality travel products.
In recent years, the demand for Women Travel Bag has surged, driven by the increasing number of women travelers who seek both style and functionality in their luggage. These bags are designed to cater to the unique preferences of female travelers, offering a blend of aesthetic appeal and practical features. With the rise of solo female travel and women participating more in business trips, manufacturers are focusing on creating travel bags that not only meet functional needs but also reflect personal style. This trend is further supported by the availability of a wide range of designs, colors, and sizes, allowing women to choose bags that best suit their travel requirements and personal tastes.
The trolleys travel bag market, segmented by product type into hard-sided trolleys, soft-sided trolleys, and hybrid trolleys, shows diverse consumer preferences and needs. Hard-sided trolleys, known for their durability and robust protection, are in high demand among travelers who prioritize the safety of their belongings. These bags are typically made from materials like polycarbonate and ABS, which offer excellent resistance to impact and harsh handling. The growing preference for sleek and modern designs further boosts the popularity of hard-sided trolleys.
Soft-sided trolleys, on the other hand, are favored for their flexibility and lightweight nature. Made from materials such as nylon and polyester, these bags offer expandable storage space, making them ideal for travelers who need additional room for souvenir
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The global travel bags market size was worth more than USD 24.69 billion in 2025 and is poised to witness a CAGR of over 9.2%, crossing USD 59.53 billion revenue by 2035, driven by the increase in recreational activities.
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The Luggage Market Report is Segmented by Product Type (Travel Luggage, Business Luggage, and More) by End User (Adult and Kids/Children), by Material (Hard Case and Soft Case), by Distribution Channel (Supermarkets/Hypermarkets and More), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).
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The global travel bag market size was valued at approximately USD 25 billion in 2023 and is projected to reach USD 40 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.5%. This robust growth trajectory is primarily driven by the increasing disposable income, rising trend of travel and tourism, and the evolving consumer preference towards stylish and multifunctional travel gear. The rising middle-class population across emerging economies, particularly in Asia Pacific, has further fueled the demand for a wide range of travel bags, catering to various needs and preferences of consumers. The market's expansion is further supported by the increasing influence of social media and fashion trends, which have encouraged consumers to opt for trendy and branded travel accessories.
One of the key growth factors propelling the travel bag market is the surge in international tourism and business travel. With globalization intensifying and business activities expanding beyond national borders, there is a growing need for efficient and durable travel solutions. Additionally, the leisure travel segment has witnessed a significant uptick, with more individuals and families seeking new experiences and adventures, thereby driving the demand for travel bags. This increase in travel activities has necessitated the need for diverse types of travel bags that cater to different travel purposes—be it short weekend getaways or long-haul business trips.
Moreover, technological advancements and innovations in the design and functionality of travel bags have also played a crucial role in market growth. Manufacturers are increasingly focusing on integrating smart features into travel bags, such as USB ports for charging devices, GPS tracking, and anti-theft zippers. These innovations enhance the convenience and security of travel, making such products highly attractive to modern-day travelers. The use of lightweight materials and ergonomic designs further adds to the appeal, as travelers seek ease and comfort while carrying their luggage.
Another factor contributing to the market's growth is the rising demand for eco-friendly and sustainable travel bags. With growing awareness about environmental conservation, consumers are increasingly opting for products made from sustainable materials, such as recycled plastics and organic fabrics. Brands that cater to this demand by offering eco-friendly travel bag options are likely to gain a competitive edge in the market. This shift towards sustainability is also being driven by stringent regulations and standards imposed by governments and environmental bodies worldwide, encouraging manufacturers to adopt greener practices.
In the realm of business travel, the choice of luggage plays a pivotal role in ensuring a seamless journey. Business Travel Luggage is crafted to meet the specific needs of professionals on the move, offering a blend of functionality and style. These bags are designed with compartments for laptops, documents, and other essentials, allowing travelers to stay organized and efficient. The durability and security features of business travel luggage, such as reinforced handles and lockable zippers, provide peace of mind during transit. As the demand for business travel continues to rise, manufacturers are innovating with materials and designs that cater to the modern professional's lifestyle, ensuring that business travel luggage remains a crucial component of the travel bag market.
Regionally, the Asia Pacific market is expected to exhibit the highest growth rate during the forecast period, driven by rapid urbanization, increasing disposable incomes, and a burgeoning middle class. Countries like China, India, and Japan are witnessing a surge in both domestic and international travel, further spurring the demand for travel bags. In contrast, North America and Europe, while more mature markets, continue to show steady growth due to the strong presence of established brands and the high frequency of business and leisure travel activities. Latin America and the Middle East & Africa are also emerging as potential markets, with increasing investments in tourism infrastructure and a growing travel-savvy population.
The travel bag market is segmented into various product types, including backpacks, suitcases, duffel bags, trolley bags, and others. Each segment caters to different consumer needs, influenced by factors such as th
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The North America Travel Bags Market size was valued at USD 45.40 billion in 2023 and is projected to reach USD 63.46 billion by 2032, exhibiting a CAGR of 4.9 % during the forecasts period. Travel bags are accessory items that are used for the carriage of personal items while on a journey. They are available in different styles, like the suitcase, backpack, duffel bag, and carry-on bag, for various travels. Some of the attributes of travel bags include strong fabrics that can withstand the pressure of different weather conditions, many pockets that enable proper arrangement of the items in the bag, zippers that cannot be easily opened, and handles that enhance easy carriage of the bag. Other amenities that are also incorporated in the design of some travel bags include wheels for portability, locking mechanisms for safety, and water repellent material.
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The global baby travel bags market, valued at $689.55 million in 2025, is projected to experience robust growth, driven by several key factors. The increasing number of millennial parents prioritizing convenient and stylish travel solutions for their children fuels demand for diverse and functional baby travel bags. The rise in air travel and family vacations further contributes to market expansion. E-commerce platforms are playing a significant role, offering a wider selection and convenient purchasing options, boosting the online distribution channel segment. Furthermore, growing awareness of the importance of keeping baby essentials organized and readily accessible during travel significantly impacts sales. The market's segmentation by distribution channels (online and offline) showcases a dynamic interplay between traditional retail and the burgeoning online presence. Competitive dynamics are shaped by established brands alongside newer entrants, leveraging varied strategies like product innovation, strategic partnerships, and robust brand building to cater to the evolving needs of discerning parents. The market's Compound Annual Growth Rate (CAGR) of 7.08% from 2025 to 2033 signifies a considerable increase in market value over the forecast period. This consistent growth is anticipated to be influenced by ongoing product innovations focusing on enhanced functionality, durability, and design. Factors such as increasing disposable incomes in developing economies and a growing preference for premium, feature-rich baby travel bags are further propelling this growth. However, economic fluctuations and the potential impact of material costs could present challenges. Regional variations in market size are expected, with North America and Europe likely maintaining a strong presence due to high purchasing power and awareness. Asia-Pacific, particularly China, is also projected to demonstrate significant growth based on its expanding middle class and rising birth rates. The competitive landscape is characterized by a blend of established international brands and regional players, driving innovation and ensuring a diverse range of offerings.
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Premium Luggage Market was valued at USD 44.05 Billion in 2023 and is projected to reach USD 75.13 Billion by 2031, growing at a CAGR of 6.90% during the forecasted period 2024 to 2031.
Premium Luggage Market: Definition/ Overview
Premium luggage can be described as high-quality, sturdy, and frequently luxurious travel bags that can survive the demands of regular travel while yet delivering functionality and style. These components are made of high-quality leather, ballistic nylon, or polycarbonate, ensuring outstanding durability and lifespan.
In addition to their robust construction, premium luggage sets frequently have modern features like 360-degree spinning wheels for easy maneuverability, TSA-approved locks for enhanced security, and organized inside compartments for quick packing.
Furthermore, premium luggage products frequently emphasize painstaking craftsmanship and attention to detail, resulting in streamlined designs and amazing finishes that enhance the travel experience. Premium luggage may be more expensive, but the investment is rewarded by its greater quality, performance, and aesthetic appeal, making it the ideal choice for discerning travelers looking for both dependability and sophistication in their luggage solutions.
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In 2023, the global premium luggage bag market size was valued at approximately USD 17.2 billion and is projected to reach USD 27.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period. The rising disposable income and increasing propensity for travel are significant growth factors driving this market. Furthermore, the growing demand for high-quality, durable luggage that offers both style and functionality is propelling market expansion.
The surge in international tourism and business travel is a major growth factor for the premium luggage bag market. With more individuals traveling for both leisure and work purposes, the need for reliable and sophisticated luggage solutions has escalated. The global travel industry has witnessed exponential growth, especially in emerging markets where economic conditions are improving, leading to a higher demand for premium luggage. This growth is expected to continue as international tourism is projected to rebound post-pandemic, further fueling the market.
Technological advancements and innovative product designs are also contributing to the market's growth. Manufacturers are incorporating smart features such as GPS tracking, built-in power banks, and advanced locking systems into premium luggage bags, making them more appealing to tech-savvy travelers. Additionally, the use of high-quality materials that offer better durability and lightweight has caught the attention of consumers, who are willing to invest more in luggage that offers both style and convenience.
Environmental sustainability trends are significantly influencing the premium luggage bag market. Consumers are increasingly aware of the environmental impact of their purchases and are opting for brands that offer eco-friendly alternatives. Manufacturers are responding by using sustainable materials such as recycled plastics and eco-friendly textiles, which not only reduce environmental footprint but also appeal to the growing segment of environmentally conscious consumers. This trend is expected to drive further growth in the market as sustainability becomes a key criterion for purchase decisions.
The demand for High End Suitcase options is particularly evident among affluent travelers who prioritize both aesthetics and functionality. These suitcases often feature luxurious materials such as leather or high-grade polycarbonate, combined with advanced security features and smart technology. The allure of a High End Suitcase lies in its ability to offer a seamless blend of style and practicality, catering to consumers who seek exclusivity and superior craftsmanship. As travel resumes and luxury spending increases, the market for these premium suitcases is expected to grow, driven by consumers' desire for distinctive and high-quality travel accessories.
Regionally, North America and Europe continue to dominate the premium luggage bag market due to high disposable incomes and a strong culture of travel. However, the Asia Pacific region is emerging as a significant market due to rapid urbanization, increasing middle-class population, and rising disposable incomes. Countries like China and India are witnessing substantial growth in international and domestic travel, which is expected to contribute significantly to the market's expansion in the region.
The premium luggage bag market is segmented by product type into hard-sided luggage, soft-sided luggage, duffel bags, backpacks, and others. Hard-sided luggage, made from materials like polycarbonate and ABS, is highly durable and offers better protection for belongings. This segment is particularly popular among business travelers and those who frequently travel with delicate items. The hard-sided luggage segment is expected to grow steadily due to its high demand for security and durability.
Soft-sided luggage, on the other hand, is valued for its flexibility and lighter weight. Made from materials like nylon and leather, these bags can often expand to accommodate more items, making them a popular choice among leisure travelers. The versatility and convenience offered by soft-sided luggage are driving its demand, particularly among those who prefer practical and easily storable options.
Duffel bags are gaining popularity due to their lightweight and ease of carrying. Typically made from durable materials like
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The global luggage bag market, valued at $9,769 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 11.1% from 2025 to 2033. This expansion is fueled by several key factors. The rising popularity of international travel, particularly among millennials and Gen Z, significantly boosts demand for durable and stylish luggage. E-commerce platforms have revolutionized the purchasing experience, offering a wide selection and convenient delivery, further contributing to market growth. Furthermore, the increasing disposable income in emerging economies, coupled with a growing preference for leisure travel, fuels demand for high-quality luggage bags. The market segmentation reveals a diverse landscape, with hard luggage bags maintaining a considerable share, although soft luggage bags are gaining traction due to their flexibility and lighter weight. Key players like Samsonite, VIP Industries, and Rimowa dominate the market, leveraging their brand recognition and product innovation. However, the emergence of smaller, niche brands offering sustainable and eco-friendly options presents a growing challenge. Regional disparities are evident, with North America and Europe currently holding significant market share, but Asia-Pacific is expected to witness rapid growth in the coming years, driven by rising tourism and increasing middle-class spending. The market faces potential restraints such as fluctuating raw material prices and economic downturns that may impact consumer spending on discretionary items like luggage. However, the long-term outlook remains positive, supported by the sustained growth in the travel industry and the increasing demand for sophisticated and functional luggage solutions. The market's growth trajectory is expected to remain consistent throughout the forecast period, influenced by continued improvements in infrastructure supporting air travel globally. Innovative designs incorporating enhanced security features and smart technology are anticipated to further stimulate market demand. The strategic expansion of existing players into new markets and the introduction of personalized luggage options cater to the evolving consumer preferences, ensuring growth momentum. Though economic fluctuations can create temporary setbacks, the overall long-term trend points towards a steadily expanding global luggage bag market driven by travel's enduring appeal and the continuous desire for convenient and aesthetically pleasing luggage. The increasing demand for lightweight and durable luggage made from sustainable materials will shape product development and market competition in the years to come.
This statistic depicts the compound annual growth rate of the luggage market's retail sales worldwide between 2021 and 2025, by product category. During that period, the compound annual growth rate of backpack luggage retail market was estimated at 7.3 percent. Global Luggage MarketTraveling has increased to a great extent with the rise in urbanization and leisure activities. People are becoming more inclined toward branded and fashionable travel accessories including luggage. The present day meaning of luggage has evolved from a traditional clothes packing medium into a more comfortable, convenient and multi-purposeful travel-companion. Luggage has now become a part of travel apparel which defines personality of the traveler. Nowadays, apart from clothes, luggage bags include shoes, laptops, cameras as well as other related electronic accessories, food items, water bottles, and business files.The global luggage market was estimated to generate sales close to 23 billion U.S. dollars by 2025. The rising global economy and increasing per capita income are some of the key drivers of the global luggage market. The luggage market can be segmented into three major categories, namely casual bag, travel bag, and business bag. These categories can be further fragmented into backpacks, computer bags, wheel bags, business carry-on tool bags, and sports bags. The casual bag segment, which includes backpacks and wheel bags, is the fastest-growing segment.
Samsonite is one the world's largest travel goods players. In 2021, the total revenue of Samsonite was around 2 billion U.S. dollars; with just over a third of its net sales being generated by its Asian region. The top four players of the industry are ACE, Samsonite, Tumi, and VF Corp. although there are several emerging players in developing countries, who operate at the local level.
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The global duffle travel bag market is experiencing robust growth, driven by increasing travel and tourism, a rising preference for lightweight and versatile luggage, and the growing popularity of weekend getaways and short trips. The market, estimated at $5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 7% from 2025 to 2033, reaching a market value exceeding $8 billion by 2033. This growth is fueled by several key trends, including the increasing adoption of sustainable and eco-friendly materials in bag manufacturing, a rise in demand for smart travel bags with integrated technology features like USB charging ports and tracking devices, and a shift towards personalized and customized luggage options. Major players such as Samsonite, Louis Vuitton, and others are leveraging these trends through product innovation and strategic marketing initiatives to cater to diverse customer preferences and price points. Despite this positive outlook, the market faces certain constraints, including fluctuating raw material prices, potential economic downturns impacting consumer spending, and increased competition from budget-friendly brands. The segmentation of the duffle travel bag market reveals significant opportunities across different price points and materials. High-end brands like Louis Vuitton and Hermès cater to luxury travelers seeking premium quality and design, while brands like Samsonite and Delsey offer a wider range of price points to cater to budget-conscious consumers. The geographic distribution of the market shows considerable demand from North America and Europe, driven by established tourism sectors and higher disposable incomes. However, emerging markets in Asia-Pacific and Latin America are showing promising growth potential, presenting significant expansion opportunities for both established and new players. Effective strategies for market penetration in these regions should focus on understanding local preferences, adapting product designs, and establishing strong distribution channels.
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According to Cognitive Market Research, the global Travel Bag market size was USD 17514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.80% 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 7005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5254.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4028.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 875.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% 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 350.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
The specialty store sales segment dominates the Travel Bag industry
Market Dynamics of Travel Bag Market
Key Drivers for Travel Bag Market
The increasing need for travel bags that are lightweight
The demand for lightweight travel bags keeps increasing in the Travel Bag Market due to the rise in frequent traveling among millennials and business people. For this reason, people started traveling either for leisure or business purposes, and therefore the demand for convenient and easily portable luggage has also risen. Lightweight bags reduce physical strain and, therefore, make it easy to navigate through airports and crowded places. With weight limits set by airlines on both checked and carry-on luggage, travelers tend to look for options that can enable them to pack to the maximum without exceeding those limits. Innovations in materials have also created durable yet lightweight design capabilities that suit the preferences of modern travelers who appreciate comfort and functionality. For instance, Samsonite International, for example, manufactures the 6.19-pound Samsonite Uplite 29" Spinner as a lightweight travel bag. The Turenne 20" Spinner Carry-On by DELSEY weighs 4.8 pounds. Its four wheels are made of polycarbonate. These travel bags are made with high-quality materials and innovative design engineering.
Rapid advancements in product design and materials
Rapid technical breakthroughs in materials and design, which have resulted in the development of bags that combine style, comfort, and utility, are driving market expansion. In line with this, emerging advances in lightweight and durable materials, such as polycarbonate and high-strength textiles, which enable the manufacturing of resilient and easy-to-handle bags, are functioning as a growth driver. Furthermore, the widespread incorporation of features such as built-in global positioning system (GPS) trackers, universal serial bus (USB) charging connections, and strengthened security locks is creating lucrative growth potential for the market. Furthermore, the increasing usage of ergonomic designs, such as adjustable handles and padded straps, to improve user comfort is expected to fuel market expansion
Restraint Factor for the Travel Bag Market
Strict government guidelines
The stringent government regulations in the Travel Bag Market have emerged as a significant restraint, affecting the manufacturer as well as consumers. Specific material usages restrictions, such as plastics and chemicals that are banned or restrained, can complicate the manufacturing process and raise costs. Security guidelines that reduce the size of bags and carry-on bag designs can also restrain consumer choice and sales. Implementation of these regulations often calls for additional testing and certification processes that may over-stretch the meager resources of a smaller manufacturer. Further, different regulations in various countries make international trade difficult as it becomes somewhat difficult for companies to standardize their products and serve diverse markets with efficiency.
Impact of Covid-19 on the Travel Bag Market
The impact of the COVID-19 pandemic on the market for travel bags is relatively significant. Sudden travel restrictions and countrywide lockdowns at first sharply decline...
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In 2024, Market Research Intellect valued the Travel Luggage Bag Market Report at USD 16.5 billion, with expectations to reach USD 25.1 billion by 2033 at a CAGR of 5.5%.Understand drivers of market demand, strategic innovations, and the role of top competitors.
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The Japan Travel Bag Market size is expected to reach $2 Billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 44183.6 Thousand Units, experiencing a growth of 5.6% (2019-2022). The travel bag market in Japan has experi
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Discover Market Research Intellect's Backpack Travel Bag Market Report, worth USD 5.2 billion in 2024 and projected to hit USD 8.7 billion by 2033, registering a CAGR of 6.0% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.
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 ****.
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The Travel Bags Market is estimated to be valued at USD 21.5 billion in 2025 and is projected to reach USD 47.6 billion by 2035, registering a compound annual growth rate (CAGR) of 8.3% over the forecast period.
Metric | Value |
---|---|
Industry Size (2025E) | 21.5 billion |
Industry Value (2035F) | USD 47.6 billion |
CAGR (2025 to 2035) | 8.3% |