Market Overview:
The global travel 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, especially millennials. Additionally, the growing popularity of online shopping is also contributing to the growth of this market. The global travel business bags market can be segmented on the basis of type into duffle bags, trolley bags, and backpacks. The duffle bag segment is expected to account for a major share of the global travel business bags market in 2018 owing to its high durability and capacity. On the other hand, backpacks are witnessing high demand due their lightweight nature and versatility. On the basis of application, supermarkets/hypermarkets are expected to account for a major share of the global travel business bags market in 2018 followed by specialty stores and factory outlets.
Product Definition:
A travel business bag is a type of luggage that is specifically designed for business travelers. It typically has several compartments and pockets to help organize and store documents, electronics, and other belongings. Travel business bags are often made from durable materials like ballistic nylon so they can withstand the wear and tear of frequent use. They are also often equipped with straps or handles so they can be carried easily. The importance of travel business bags lies in their ability to make traveling for work easier and more organized. By having all of their belongings neatly packed into one bag, business travelers can avoid the hassle of having to carry multiple pieces of luggage around airports and other transportation hubs.
Duffle:
Duffle is a type of bag used by people for carrying more than their regular luggage while traveling. It is also known as a cabin bag, carry-on, or personal item (PM) bag. Duffels are available in different sizes and can be customized according to the traveler’s requirements. The primary function of duffle bags is to allow travelers to transport themselves and their belongings in comfort without paying extra for checked baggage fees at the airport.
Trolley:
Trolley is a wheeled container that is used to carry several items at a time. It can be pushed or pulled by an individual or it can be self-propelled using a hand crank. Trolleys are generally used for moving goods within manufacturing facilities, warehouses, ports and along supply routes in the military and construction industries.
Application Insights:
The supermarkets/hypermarkets segment led the global travel business bags market in 2017. This is attributed to the increasing number of supermarts and hypermarkets across countries, such as India, China, Thailand and Indonesia. Furthermore, this application is also expected to dominate the market over the forecast period due to factors such as rapid urbanization in developing countries coupled with rising disposable income levels among consumers.
Specialty stores are estimated to be fastest-growing segment from 2018 to 2030 owing to growing demand for luxury brand bags by specialty store owners globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing number of international travelers and rising spending power. Increasingly popular online shopping has also contributed significantly to regional market growth. Europe accounted for a major share in terms of revenue, driven by growing demand from Germany and U.K.
North America is projected to grow at a lucrative rate over the forecast period, fueled by high consumer awareness regarding travel products along with changing lifestyle and increasing disposable income levels after years of recession/economic slowdown caused by financial crisis 2008-09 (involving USA).
Growth Factors:
- Increasing demand for travel bags from the corporate sector as a result of the growth of business travel
- Rising popularity of adventure tourism, which is driving demand for specialized travel bags
- Growing number of online shoppers, who are increasingly purchasing travel bags due to convenience and competitive prices
- Proliferation of e-commerce platforms that offer a wide range of stylish and affordable travel bags
- increasing disposable income levels in developing countries, which is fueling demand for high-end luxurytravel bags
Scope Of The Report
Report Attributes
Report Details
Report Title
Travel Business Bags Market Research Report
By Type
Duffle, Trolley, Backpacks
By Application
Supermarkets/Hypermarkets, Specialty Stores, Factory Outlets, Online Stores, Others
By Companies
Samsonite Company Stores, United States Luggage Company (LLC), Ace Co. Ltd., Targus Group International Inc., Rimova, Delsey SA, Crown, VIP Industries Ltd., Andiamo, Pathfinder, Samsonite Company Stores, Ciao, Shanghai Fochier Intel’ Co. Ltd., Tumi, Travelpro International Inc., Antler, New Travel Sports Co. Ltd., Eagle Creek, United States Luggage Company, Everest
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Travel Business Bags Market Report Segments:
The global Travel Business Bags market is segmented on the basis of:
Types
Duffle, Trolley, Backpacks
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
Supermarkets/Hypermarkets, Specialty Stores, Factory Outlets, Online Stores, Others
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:
- Samsonite Company Stores
- United States Luggage Company (LLC)
- Ace Co. Ltd.
- Targus Group International Inc.
- Rimova
- Delsey SA
- Crown
- VIP Industries Ltd.
- Andiamo
- Pathfinder
- Samsonite Company Stores
- Ciao
- Shanghai Fochier Intel’ Co. Ltd.
- Tumi
- Travelpro International Inc.
- Antler
- New Travel Sports Co. Ltd.
- Eagle Creek
- United States Luggage Company
- Everest
Highlights of The Travel 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
- Trolley
- Backpacks
- By Application:
- Supermarkets/Hypermarkets
- Specialty Stores
- Factory Outlets
- Online Stores
- Others
- 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 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
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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 business bag is a type of luggage that is designed specifically for use by businesses. These bags are typically larger and more durable than regular luggage, and they often come with features such as compartments and pockets to help organize everything. They can also be customized to match the specific needs of your business, so you can be sure that your belongings will stay safe and organized while you're on the road.
Some of the key players operating in the travel business bags market are Samsonite Company Stores, United States Luggage Company (LLC), Ace Co. Ltd., Targus Group International Inc., Rimova, Delsey SA, Crown, VIP Industries Ltd., Andiamo, Pathfinder, Samsonite Company Stores, Ciao, Shanghai Fochier Intel’ Co. Ltd., Tumi, Travelpro International Inc., Antler, New Travel Sports Co. Ltd., Eagle Creek, United States Luggage Company, Everest.
The travel 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 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 Business Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Travel 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 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 Business Bags Market Size & Forecast, 2018-2028
4.5.1 Travel Business Bags Market Size and Y-o-Y Growth
4.5.2 Travel Business Bags Market Absolute $ Opportunity
Chapter 5 Global Travel 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 Business Bags Market Size Forecast by Type
5.2.1 Duffle
5.2.2 Trolley
5.2.3 Backpacks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Travel 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 Business Bags Market Size Forecast by Applications
6.2.1 Supermarkets/Hypermarkets
6.2.2 Specialty Stores
6.2.3 Factory Outlets
6.2.4 Online Stores
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Travel 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 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 Business Bags Analysis and Forecast
9.1 Introduction
9.2 North America Travel 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 Business Bags Market Size Forecast by Type
9.6.1 Duffle
9.6.2 Trolley
9.6.3 Backpacks
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 Business Bags Market Size Forecast by Applications
9.10.1 Supermarkets/Hypermarkets
9.10.2 Specialty Stores
9.10.3 Factory Outlets
9.10.4 Online Stores
9.10.5 Others
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 Business Bags Analysis and Forecast
10.1 Introduction
10.2 Europe Travel 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 Business Bags Market Size Forecast by Type
10.6.1 Duffle
10.6.2 Trolley
10.6.3 Backpacks
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 Business Bags Market Size Forecast by Applications
10.10.1 Supermarkets/Hypermarkets
10.10.2 Specialty Stores
10.10.3 Factory Outlets
10.10.4 Online Stores
10.10.5 Others
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 Business Bags Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Travel 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 Business Bags Market Size Forecast by Type
11.6.1 Duffle
11.6.2 Trolley
11.6.3 Backpacks
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 Business Bags Market Size Forecast by Applications
11.10.1 Supermarkets/Hypermarkets
11.10.2 Specialty Stores
11.10.3 Factory Outlets
11.10.4 Online Stores
11.10.5 Others
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 Business Bags Analysis and Forecast
12.1 Introduction
12.2 Latin America Travel 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 Business Bags Market Size Forecast by Type
12.6.1 Duffle
12.6.2 Trolley
12.6.3 Backpacks
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 Business Bags Market Size Forecast by Applications
12.10.1 Supermarkets/Hypermarkets
12.10.2 Specialty Stores
12.10.3 Factory Outlets
12.10.4 Online Stores
12.10.5 Others
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 Business Bags Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Travel 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 Business Bags Market Size Forecast by Type
13.6.1 Duffle
13.6.2 Trolley
13.6.3 Backpacks
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 Business Bags Market Size Forecast by Applications
13.10.1 Supermarkets/Hypermarkets
13.10.2 Specialty Stores
13.10.3 Factory Outlets
13.10.4 Online Stores
13.10.5 Others
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 Business Bags Market: Competitive Dashboard
14.2 Global Travel Business Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsonite Company Stores
14.3.2 United States Luggage Company (LLC)
14.3.3 Ace Co. Ltd.
14.3.4 Targus Group International Inc.
14.3.5 Rimova
14.3.6 Delsey SA
14.3.7 Crown
14.3.8 VIP Industries Ltd.
14.3.9 Andiamo
14.3.10 Pathfinder
14.3.11 Samsonite Company Stores
14.3.12 Ciao
14.3.13 Shanghai Fochier Intel’ Co. Ltd.
14.3.14 Tumi
14.3.15 Travelpro International Inc.
14.3.16 Antler
14.3.17 New Travel Sports Co. Ltd.
14.3.18 Eagle Creek
14.3.19 United States Luggage Company
14.3.20 Everest
