Travel Accessories Market Growth, Size, Share, Trends, and Forecast 2030

The global Travel Accessories market size accrued earnings worth approximately 12 (USD Billion) in 2019 and is predicted to gain revenue of about 17 (USD Billion) by 2026, is set to record a CAGR of nearly 4.5% over the period from 2020 to 2026. The report offers an assessment and analysis of the Travel Accessories market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

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Travel Accessories Market Introduction

Travel accessories are utilized during business travels. Customers make use of these products on both big business journeys and small trips as the former provides them comfort and ease during journey. These accessories include business cases, travel bags, food boxes, toiletries, travel outfits, electronic accessories, travel pillows, personal leather items, blankets, and locks. Few of the travel items can also be used as per the seasons and this encompass luggage bags, backpacks, and sport bags.

Global Travel Accessories Market: Report Scope:

Market Growth Dynamics

Escalating per capita income in emerging economies and thriving tourism sector will embellish the growth of travel accessories industry over the forecast timespan. Burgeoning preference towards travelling & journeying among millennial population for maintaining physical vigor and increasing mental toughness will steer the market size. With surge in the female solo travels across myriad nations, the travel accessories industry is anticipated to gain traction over the upcoming years. In addition to this, increase in the customer spending on travel accessories across the emerging nations will prompt the business growth over the upcoming years. However, bulging prices of travel accessories with rise in the raw material costs along with fluctuations witnessed in the demand-supply map of the product can put brakes on travel accessories market in the upcoming years. Furthermore, rise in the international travel & tourism activities can create new growth avenues for travel accessories industry over the projected timeframe.

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Asia Pacific To Record Highest CAGR Over the Assessment Period

The growth of the regional market over the assessment period can be ascribed to growing demand for travel items in Asian countries and massive surge in disposable income in countries such as India and China. With large-scale product penetration in Indonesia and Japan, the market in the sub-continent is anticipated to gain traction over the forthcoming years. 

Key players profiled in the report include ACE Luggage Co. Ltd, MCM Worldwide, ExOfficio, TRAVEL-BlUE.COM, Magellan’s, TravelSmith Outfitters, United States Luggage Company LLC, The BEACH Company, and VF Corporation.

The global Travel Accessories Market is segmented as follows:

By Product

• Travel Bags
• Electronic Accessories
• Food Box
• Locks
• Travel Outfits
• Travel Pillow & Blanket
• Toiletries
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Factory Outlets
• Online Stores

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa