Travel Bags Market Opportunity and Forecast 2022-2027

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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 a type of travel accessory used by tourists, hikers, and explorers, to carry clothes and other belongings. Backpacks, trolleys, duffle bags, totes, and weekenders are some commonly used travel bags. Commercially available in numerous sizes, patterns, and colors, they are manufactured using durable materials, such as polycarbonate (PC), polypropylene (PP), acrylonitrile-butadiene-styrene (ABS), nylon, polyester, vinyl, and leather. Travel bags are flexible, spacious, and agile and offer enhanced protection and safety to fragile items, such as electronic gadgets and camera accessories.

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The global travel bags market is primarily being driven by significant growth in the tourism industry. In line with this, the increasing popularity of adventurous sports, such as trekking and mountaineering, especially among the younger population, is favoring the market growth.  Additionally, the introduction of travel bags embedded with global positioning systems (GPS) and camera sensors to offer real-time tracking during transits and hotel stays is providing an impetus to market growth. Furthermore, the launch of visually appealing travel bags in trendy colors and aesthetically appealing designs, along with the development of eco-friendly product variants, are propelling the market growth.  Other factors, including aggressive promotional campaigns by brands, easy product availability across various retail platforms, rising expenditure capacities of consumers, and growing demand for luxury, premium, and lightweight travel bags, are anticipated to drive the market toward growth.

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/request?type=report&id=1867&flag=C

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

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