Market Overview:
The global travel and business bags market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lightweight and durable luggage among travelers, rising disposable income of consumers, and growing e-commerce sales. Based on type, the global travel and business bags market is segmented into duffle bags, trolley bags, suitcases, backpacks, and business bags. Duffle bags are expected to witness the highest growth during the forecast period owing to their high portability and durability. Trolley bags are also anticipated to witness significant growth due to their features such as multiple compartments for storage and wheels for easy transportation. Based on application, the global travel and businessbags market is segmented into online retailand offline retail. Offlineretailis further sub-segmented into specialty storesand department stores .
Product Definition:
A travel bag is a large bag that is designed to hold all of the belongings that a person needs when they are travelling. This can include clothes, toiletries, and electronic devices. A business bag is a type of travel bag that is specifically designed to be used for work purposes. It typically has more compartments and organizational features than a regular travel bag. The importance of having a good quality travel or business bag cannot be overstated.
Duffle Bags:
Duffle bags are large shoulder or backpack type bag designed to carry a number of sporting goods, camping gear, and other luggage. Duffle bags are primarily used by the passengers traveling for business purposes as they can be easily carried by the handle or straps and do not require any additional support from underneath. The primary function of duffle bags is to act as a transport medium for transporting sports equipment such as hockey sticks, golf clubs, badminton rackets and bicycle frames among others.
Trolley Bags:
Trolley bags are wheeled carry cases that are used to transport goods. They can be used by themselves or attached to a larger bag via a handle or straps. Trolley bags were initially designed for use by grocery store owners who would often have several items they needed to carry from the storeroom to the sales floor and back again.
Application Insights:
The online retail segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to increasing e-commerce activities across the globe. According to a study published by UPS, 77% of global e-commerce sales were recorded from smartphones and laptops, which increased the need for comfortable and durable travel bags suitable for long journeys on foot or by public transport. As a result, online retailers are focusing on providing these types of bags along with their products to enhance their customer experience.
Offline retailers are also increasingly adopting this trend as they too understand that convenience plays an important role when it comes to traveling especially if one travels frequently or on short notice. Major offline retailers including Target Corporation., Walmart Inc., Amazon ULC.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing online as well as offline shopping in this region. Increasing disposable income and improved standard of living are also driving growth in Asia Pacific travel and business bags market.
North America is expected to grow at a significant rate over the forecast period owing to an increase in international travels coupled with expansion of businesses especially e-commerce companies such as Amazon, Flipkart, Walmart among others across U.S., Canada and Mexico border countries resulting into high demand for various travel accessories including bags for both personal use or business purposes such as packing material for clothes, shoes, toiletries etcetera thus fueling growth across this region during the forecast period from 2018 to 2030 (estimated).
Growth Factors:
- Increasing demand for travel and business bags from the corporate sector as a result of the growth of the travel and tourism industry.
- Rising disposable income levels of consumers in developing countries, which is resulting in an increase in demand for luxury travel and business bags.
- Proliferation of online retail channels, which is aiding the growth of the global market for travel and business bags.
- Growing popularity of eco-friendly/sustainably produced travel and business bags among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Travel and Business Bags Market Research Report
By Type
Duffle Bags, Trolley Bags, Suitcases, Backpacks, Business Bags
By Application
Online Retail, Offline Retail
By Companies
Antler, Delsey, Rimowa, Samsonite, VF Corp, Antler
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Travel and Business Bags Market Report Segments:
The global Travel and Business Bags market is segmented on the basis of:
Types
Duffle Bags, Trolley Bags, Suitcases, Backpacks, Business Bags
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Retail, Offline Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Antler
- Delsey
- Rimowa
- Samsonite
- VF Corp
- Antler
Highlights of The Travel and Business Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Duffle Bags
- Trolley Bags
- Suitcases
- Backpacks
- Business Bags
- By Application:
- Online Retail
- Offline Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Travel and Business Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A travel and business bag is a type of bag that is designed to be used for traveling and carrying work materials. These bags are typically larger than regular luggage, have multiple compartments, and are often made from durable materials.
Some of the major players in the travel and business bags market are Antler, Delsey, Rimowa, Samsonite, VF Corp, Antler.
The travel and business bags market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Travel and Business Bags Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Travel and Business Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Travel and Business Bags Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Travel and Business Bags Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Travel and Business Bags Market Size & Forecast, 2018-2028
4.5.1 Travel and Business Bags Market Size and Y-o-Y Growth
4.5.2 Travel and Business Bags Market Absolute $ Opportunity
Chapter 5 Global Travel and Business Bags Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Travel and Business Bags Market Size Forecast by Type
5.2.1 Duffle Bags
5.2.2 Trolley Bags
5.2.3 Suitcases
5.2.4 Backpacks
5.2.5 Business Bags
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Travel and Business Bags Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Travel and Business Bags Market Size Forecast by Applications
6.2.1 Online Retail
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Travel and Business Bags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Travel and Business Bags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Travel and Business Bags Analysis and Forecast
9.1 Introduction
9.2 North America Travel and Business Bags Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Travel and Business Bags Market Size Forecast by Type
9.6.1 Duffle Bags
9.6.2 Trolley Bags
9.6.3 Suitcases
9.6.4 Backpacks
9.6.5 Business Bags
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Travel and Business Bags Market Size Forecast by Applications
9.10.1 Online Retail
9.10.2 Offline Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Travel and Business Bags Analysis and Forecast
10.1 Introduction
10.2 Europe Travel and Business Bags Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Travel and Business Bags Market Size Forecast by Type
10.6.1 Duffle Bags
10.6.2 Trolley Bags
10.6.3 Suitcases
10.6.4 Backpacks
10.6.5 Business Bags
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Travel and Business Bags Market Size Forecast by Applications
10.10.1 Online Retail
10.10.2 Offline Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Travel and Business Bags Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Travel and Business Bags Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Travel and Business Bags Market Size Forecast by Type
11.6.1 Duffle Bags
11.6.2 Trolley Bags
11.6.3 Suitcases
11.6.4 Backpacks
11.6.5 Business Bags
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Travel and Business Bags Market Size Forecast by Applications
11.10.1 Online Retail
11.10.2 Offline Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Travel and Business Bags Analysis and Forecast
12.1 Introduction
12.2 Latin America Travel and Business Bags Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Travel and Business Bags Market Size Forecast by Type
12.6.1 Duffle Bags
12.6.2 Trolley Bags
12.6.3 Suitcases
12.6.4 Backpacks
12.6.5 Business Bags
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Travel and Business Bags Market Size Forecast by Applications
12.10.1 Online Retail
12.10.2 Offline Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Travel and Business Bags Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Travel and Business Bags Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Travel and Business Bags Market Size Forecast by Type
13.6.1 Duffle Bags
13.6.2 Trolley Bags
13.6.3 Suitcases
13.6.4 Backpacks
13.6.5 Business Bags
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Travel and Business Bags Market Size Forecast by Applications
13.10.1 Online Retail
13.10.2 Offline Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Travel and Business Bags Market: Competitive Dashboard
14.2 Global Travel and Business Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Antler
14.3.2 Delsey
14.3.3 Rimowa
14.3.4 Samsonite
14.3.5 VF Corp
14.3.6 Antler
