Market Overview:
The global luggage and bags market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for lightweight and durable luggage and bags from travelers, business professionals, and other end users. Additionally, the rising popularity of online shopping is also propelling the growth of this market. Based on type, the global luggage and bags market can be segmented into spinner luggage, travel pack, duffel bag, backpack/rucksack bag, laptop bag/messenger bag/shoulder bag), and others (e.g., toiletry kit). Among these segments, spinner luggage is expected to witness highest growth during the forecast period owing to its features such as durability and lightweight design that make it ideal for travelers.
Product Definition:
Luggage refers to a type of bag that is designed for transporting clothes, personal items and other possessions when travelling. Bags are a more general term and can refer to any type of container that is used for carrying things. Luggage and bags are important because they allow people to transport their belongings with them when travelling. This can be helpful for keeping personal items secure and ensuring that everything necessary is readily available.
Spinner Luggage:
Spinner Luggage, also known as centrifugal luggage, consists of two interlocking wheels with a central hub that uses the force of gravity to provide resistance when traveling. The bag is usually lighter than conventional suitcases due to the lack of weight in the center of the bag. Due to its light weight and spinning motion it offers an easier way for transportation especially on stairs or uneven surfaces.
Travel Pack:
The global travel pack and it's usage in luggage & bags market size was valued at USD 1.1 billion in 2016. The increasing demand for lightweight, durable, and cost-effective packaging solutions is expected to drive the growth of the market over the forecast period.
The growing trend of online shopping coupled with rising number of international travelers has led to an increase in demand for smart packing solutions that can help consumers plan their trips efficiently using mobile applications or websites.
Application Insights:
The travel application segment dominated the global luggage and bags market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing number of leisure travelers and business travelers. According to a study by ForwardKeys, around 1 in 5 air passengers are now leisure travelers, which is expected to drive demand for spinner luggage during the forecast period.
The other application segment includes applications such as military, sports or gaming equipment, personal protection equipment among others. This category of products does not include duffel bags as these are generally used only by military personnel for transportation of their belongings from one place to another while traveling on official duty or when accompanying a sports team on its trip abroad.
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 capacity of consumers. In addition, growing trend for traveling by air has increased the demand for luggage and bags in this region. China, India, Japan are some of the countries that are likely to contribute significantly towards regional growth over the next eight years due to developing economy, high population density along with increasing tourism activities at domestic level.
North America is projected to grow at a CAGR exceeding 6% from 2018 to 2030 owing herringbone pattern on both sides as shown above which makes it easy for carrying while traveling as well as storage space saving option available in spinnerluggage design category thus boosting its demand among frequent travelers across U.S., Canada and Mexico cities such as New York; Chicago; Los Angeles; Miami Beach; Montreal etc.; Orlando etc.; San Francisco etc.; Seattle etc.; Boston ects.
Growth Factors:
- Increasing demand for luxury and designer luggage & bags from the affluent class.
- Rapid urbanization and growing travel industry, especially in developing countries, is propelling the demand for luggage & bags.
- Rising disposable income of consumers is fueling their spending on premium quality luggage & bags products.
- Proliferation of online retail channels is providing a convenient platform for consumers to purchase luggage & bags products easily and at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luggage & Bags Market Research Report
By Type
Spinner Luggage, Travel Pack, Duffel Bag
By Application
Travel, Business, Other
By Companies
Samsonite, VIP Industries Limited, Safari, Delsey, Briggs and Riley, Rimowa, VF Corporation (Eagle Creek and Eastpak), Travelpro, Tommy Hilfiger, Victorinox, Louis Vuitton, Echolac, ACE, Tumi, American Tourister , HIDEO WAKAMATSU, Crown luggage, Oiwas, Eminent luggage, Diplomat
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Luggage & Bags Market Report Segments:
The global Luggage & Bags market is segmented on the basis of:
Types
Spinner Luggage, Travel Pack, Duffel Bag
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
Travel, Business, Other
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
- VIP Industries Limited
- Safari
- Delsey
- Briggs and Riley
- Rimowa
- VF Corporation (Eagle Creek and Eastpak)
- Travelpro
- Tommy Hilfiger
- Victorinox
- Louis Vuitton
- Echolac
- ACE
- Tumi
- American TouristerÂ
- HIDEO WAKAMATSU
- Crown luggage
- Oiwas
- Eminent luggage
- Diplomat
Highlights of The Luggage & 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:
- Spinner Luggage
- Travel Pack
- Duffel Bag
- By Application:
- Travel
- Business
- Other
- 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 Luggage & 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Luggage & Bags is a luggage and travel accessories store.
Some of the major companies in the luggage & bags market are Samsonite, VIP Industries Limited, Safari, Delsey, Briggs and Riley, Rimowa, VF Corporation (Eagle Creek and Eastpak), Travelpro, Tommy Hilfiger, Victorinox, Louis Vuitton, Echolac, ACE, Tumi, American Tourister‚Â , HIDEO WAKAMATSU, Crown luggage, Oiwas, Eminent luggage, Diplomat.
The luggage & bags market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luggage & Bags Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luggage & Bags Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luggage & Bags Market - Supply Chain
4.5. Global Luggage & Bags Market Forecast
4.5.1. Luggage & Bags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luggage & Bags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luggage & Bags Market Absolute $ Opportunity
5. Global Luggage & Bags Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luggage & Bags Market Size and Volume Forecast by Type
5.3.1. Spinner Luggage
5.3.2. Travel Pack
5.3.3. Duffel Bag
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luggage & Bags Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luggage & Bags Market Size and Volume Forecast by Application
6.3.1. Travel
6.3.2. Business
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luggage & Bags Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luggage & Bags Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luggage & Bags Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luggage & Bags Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luggage & Bags Demand Share Forecast, 2019-2026
9. North America Luggage & Bags Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luggage & Bags Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luggage & Bags Market Size and Volume Forecast by Application
9.4.1. Travel
9.4.2. Business
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luggage & Bags Market Size and Volume Forecast by Type
9.7.1. Spinner Luggage
9.7.2. Travel Pack
9.7.3. Duffel Bag
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luggage & Bags Demand Share Forecast, 2019-2026
10. Latin America Luggage & Bags Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luggage & Bags Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luggage & Bags Market Size and Volume Forecast by Application
10.4.1. Travel
10.4.2. Business
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luggage & Bags Market Size and Volume Forecast by Type
10.7.1. Spinner Luggage
10.7.2. Travel Pack
10.7.3. Duffel Bag
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luggage & Bags Demand Share Forecast, 2019-2026
11. Europe Luggage & Bags Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luggage & Bags Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luggage & Bags Market Size and Volume Forecast by Application
11.4.1. Travel
11.4.2. Business
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luggage & Bags Market Size and Volume Forecast by Type
11.7.1. Spinner Luggage
11.7.2. Travel Pack
11.7.3. Duffel Bag
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luggage & Bags Demand Share, 2019-2026
12. Asia Pacific Luggage & Bags Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luggage & Bags Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luggage & Bags Market Size and Volume Forecast by Application
12.4.1. Travel
12.4.2. Business
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luggage & Bags Market Size and Volume Forecast by Type
12.7.1. Spinner Luggage
12.7.2. Travel Pack
12.7.3. Duffel Bag
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luggage & Bags Demand Share, 2019-2026
13. Middle East & Africa Luggage & Bags Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luggage & Bags Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luggage & Bags Market Size and Volume Forecast by Application
13.4.1. Travel
13.4.2. Business
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luggage & Bags Market Size and Volume Forecast by Type
13.7.1. Spinner Luggage
13.7.2. Travel Pack
13.7.3. Duffel Bag
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luggage & Bags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luggage & Bags Market: Market Share Analysis
14.2. Luggage & Bags Distributors and Customers
14.3. Luggage & Bags Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsonite
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VIP Industries Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Safari
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Delsey
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Briggs and Riley
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rimowa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. VF Corporation (Eagle Creek and Eastpak)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Travelpro
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tommy Hilfiger
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Victorinox
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Louis Vuitton
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Echolac
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ACE
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tumi
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. American Tourister
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. HIDEO WAKAMATSU
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Crown luggage
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Oiwas
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Eminent luggage
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Diplomat
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
