Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2027, exhibiting a CAGR of 6.32% during 2022-2027.According to the latest report by IMARC Group, titled "Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global travel bags market reached a value of US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2027, exhibiting a CAGR of 6.32% during 2022-2027.
Travel bags are essential travel gears used by trekkers, explorers, and travelers to carry clothes and other belongings. The most commonly available travel bag includes wheeled backpacks, duffle bags, weekenders, rolling luggage, travel packs, and totes. They are further categorized into soft- and hard-side variants based on the materials and functionality. Amongst these, soft-side travel bags are lightweight and durable as they are made using polyester, nylon, cotton, vinyl, and leather. On the other hand, hard-side variants are manufactured using polycarbonate, polypropylene, and acrylonitrile-butadiene-styrene (ABS) to protect electronic devices and fragile products against damage. Additionally, they are available in different patterns, sizes, and colors and can be customized depending on individual needs.
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Travel Bags Market Trends:
The rising tourism and the increasing consumer per capita income are some of the factors primarily driving the growth of the travel bags market. Furthermore, the growing demand for luxury and premium travel bags and rapid product innovations, such as polycarbonated luggage, are acting as other growth-inducing factors. Additionally, key market players are introducing smart travel bags with a global positioning system (GPS) in appealing designs and eco-friendly variants to increase their consumer base, which is further creating a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape with Key Players:
- Delsey SA
- Deuter Sport
- Fenix Outdoor
- Hermès
- Kering
- Louis Vuitton
- Lowe Alpine
- LVMH
- Osprey
- Rimowa
- Samsonite
- Timbuk2
- Victorinox
- VIP Industries
Market Segmentation:
Breakup by Material Type:
- Polyester
- Fabric
- Leather
- Others
Breakup by Luggage Type:
- Duffle
- Trolley
- Backpacks
Breakup by Price Range:
- Premium Price
- Medium Price
- Low Price
Breakup by Demography:
- Male
- Female
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Factory Outlets
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Full report with TOC & List of Figures: https://www.imarcgroup.com/travel-bags-market
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Other Report by IMARC Group:
Pan Masala Market: in India: https://www.imarcgroup.com/prefeasibility-report-pan-masala-processing-plant
Cosmetics Market: https://www.imarcgroup.com/cosmetics-market
UAE Health Insurance Market: https://www.imarcgroup.com/uae-health-insurance-market
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