Speak directly to the analyst to clarify any post sales queries you may have.
Luggage and travel bags refer to containers or carriers designed for storing and transporting personal belongings and items while traveling. These bags are essential for travelers, helping them organize and carry their clothing, accessories, and other necessities conveniently and securely. Increase in international travel driven by globalization, growing disposable income in emerging economies, expanding tourism industry, and rising demand for smart luggage with features such as GPS tracking devices fueling access to a broader range of products and increasing adoption of lightweight bags made from eco-friendly materials. Intense competition among key players leads to price competitiveness impacting profitability margins, counterfeit products flooding the markets affecting consumer trust in established brands. Government regulations on baggage dimensions and weight restrictions cause inconvenience to passengers leading them to opt for alternative packaging solutions, significantly hampering the market demand. Furthermore, collaborations with fashion brands to create stylish luggage options catering to trend-conscious consumers; product innovations that cater to specific needs, such as space-saving designs or versatile functionality suitable for multi-purpose uses, create a market opportunity in the forecasted period.
Regional Insights
Americas has a significant landscape in the luggage & travel bags market owing to strict regulations regarding product safety standards and environmental protection. Increasing disposable incomes, changing lifestyles, a growing tourism industry, and improvements in distribution channels have also contributed to the demand for the region's luggage and travel bags market. Strategic collaborations to develop smart luggage solutions are another factor manufacturers have adopted to enhance their regional presence. The EMEA region has witnessed rapid growth in eCommerce penetration in recent years as internet usage continues to proliferate across these regions; online sales of luggage and travel bags have also seen an upswing, which presents an immense opportunity for market players to establish their presence on various eCommerce platforms and capitalize on this trend. APAC has a developing market presence due to massive manufacturing capabilities and increasing consumer demand. Key manufacturers in this region have excelled in innovation by offering high-quality products with advanced features such as lightweight materials or smart tracking systems.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Luggage & Travel Bags Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Luggage & Travel Bags Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Luggage & Travel Bags Market, highlighting leading vendors and their innovative profiles. These include ACE Co., Ltd., Adidas AG, American Tourister, BRIC'S, Briggs & Riley, California Pak International, Inc., Delsey S.A., Deuter Sport GmbH, Emblem Luggage, Globe-Trotter Group Limited, Hartmann Luggage, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Nappa Dori Private Limited, Nasher Miles, Nike, Inc., Safari, Inc., Samsonite International S.A., Timbuk2 Designs, Inc., Tommy Hilfiger B.V., Totto, Travelpro Products, Inc., VIP Industries Limited, and Wildcraft India Pvt. Ltd.Market Segmentation & Coverage
This research report categorizes the Luggage & Travel Bags Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Carry-Ons
- Garment Bags
- Kids' Luggage
- Luggage Sets
- Suitcases
- Product
- Business Bags
- Casual Bags
- Travel Bags
- Distribution Channel
- Factory Outlets
- Internet Sales
- Specialist Retailers
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Luggage & Travel Bags Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Luggage & Travel Bags Market?
- What are the technology trends and regulatory frameworks in the Luggage & Travel Bags Market?
- What is the market share of the leading vendors in the Luggage & Travel Bags Market?
- Which modes and strategic moves are suitable for entering the Luggage & Travel Bags Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
Companies Mentioned
- ACE Co., Ltd.
- Adidas AG
- American Tourister
- BRIC'S
- Briggs & Riley
- California Pak International, Inc.
- Delsey S.A.
- Deuter Sport GmbH
- Emblem Luggage
- Globe-Trotter Group Limited
- Hartmann Luggage
- Kering SA
- LVMH Moet Hennessy Louis Vuitton SE
- Nappa Dori Private Limited
- Nasher Miles
- Nike, Inc.
- Safari, Inc.
- Samsonite International S.A.
- Timbuk2 Designs, Inc.
- Tommy Hilfiger B.V.
- Totto
- Travelpro Products, Inc.
- VIP Industries Limited
- Wildcraft India Pvt. Ltd.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 192 |
Published | March 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 27.41 Billion |
Forecasted Market Value ( USD | $ 42.9 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |