Travel Business Bags Market - Global Industry Analysis

Travel Business Bags Market - By Material Type (Hard Side and Soft Side), By Luggage Type (Duffle, Trolley, and Backpacks), By Distribution Channel (Supermarkets/Hypermarket, Specialty Stores, Factory Outlets, Online Stores, and Others), By Price Range (Premium, Medium, and Low), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 19-Apr-2021 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-6116 Status : Published

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Description

Market Overview

The global Travel Business Bags market accrued earnings worth approximately 1.8 (USD Billion) in 2019 and is predicted to gain revenue of about 3.1 (USD Billion) by 2026, is set to record a CAGR of nearly 7% over the period from 2020 to 2026. The report offers assessment and analysis of the Travel Business Bags 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).

Introduction

Travel Business Bags are convenient products that accommodate all necessities including fabrics, vital documents, electronic items, routine articles, and other key items and can be carried from one place of journey to others. These products are produced from textiles, jute, leather, and coated clothes. Moreover, travel business bags producers are involved in constant research activities for producing new kinds of these products that are durable and possess superior abrasiveness & stain protecting features. In addition to this, the robust compartment of travel business bags can accommodate pens, laptops, key & confidential documents, other tiny electronic items, pens, and travel documents.

Report Scope

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Market Growth Dynamics

The rise in globalization in the emerging nations is anticipated to translate into humungous growth for travel business bags industry over the forecast timespan. In addition to this, a prominent bulge in road & rail commuters coupled with increase in the number of flyers will leverage the expansion of travel business bags market size in the next couple of years. Other factors driving the market growth include rise in immigration activities, favorable travel policies, and innovations in product design. Need for enhancing the functionality and quality of the product will raise the product penetration across the globe, thereby driving the market trends. Thriving fashion & tourism activities and changing lifestyles & entertainment preferences will further steer the market value in the near future.

Furthermore, a large number of airlines have strict luggage weight laws and this will further promulgate the market demand. With surge in the number of travelers preferring air travel over rail & road journey, the market for travel business bags are likely to gain traction over the forthcoming years. Nonetheless, product counterfeiting can pose a major challenge to the growth of the market over the ensuing years.

Global Travel Business Bags Market

North America To Make Sumptuous Contributions Towards Overall Market Revenue By 2026

The growth of the travel business bags industry in North America over the assessment period can be attributed to production of high-end designer bags in the countries such as the U.S. In addition to this, new luggage designs and production of smart bags embedded with GPS & adjustment suppleness in the developed countries of North America will prompt the market penetration across the sub-continent in the upcoming decade. Additionally, humungous popularity of travel business bags devised for reducing shoulder, neck, and back pain will further create new demand for the product in the region over the years to come.

Key players profiled in the report include Samsonite Company Stores, United States Luggage Company (LLC), Ace Co. Ltd., Targus Group International Inc., Rimova, Delsey SA, Crown, VIP Industries Ltd., Andiamo, Pathfinder, Lucas, Ciao, Shanghai Fochier Intel’ Co. Ltd., Tumi, Travelpro International Inc., Antler, New Travel Sports Co. Ltd., Eagle Creek, United States Luggage Company, and Everest.

The global Travel Business Bags Market is segmented as follows:

By Material Type

Hard Side
Soft Side

By Luggage Type

Duffle
Trolley
Backpacks

By Price Range

Premium
Medium
Low

By Distribution Channel

Supermarkets/Hypermarkets
Specialty Stores
Factory Outlets
Online Stores
Others

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

Table Of Content

Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
  - 1.3.1. Market Research Type
  - 1.3.2. Market Research Methodology
Chapter 2. Executive Summary
- 2.1. Travel Business Bags Market, 2016–2026(USD Billion)
- 2.2. Travel Business Bags Market: Snapshot
Chapter 3. Global Travel Business Bags Market– Industry Analysis
- 3.1. Travel Business Bags Market: Market Dynamics
- 3.2. Market Drivers
  - 3.2.1. The rise in globalization in the emerging nations is anticipated to translate into humungous growth for travel business bags industry over the forecast timespan.
  - 3.2.2. A prominent bulge in road & rail commuters coupled with increase in the number of flyers will leverage the expansion of travel business bags market size in the next couple of years.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
  - 3.4.1. Market attractiveness analysis By Material Type
  - 3.4.2. Market attractiveness analysis By Price Range
  - 3.4.3. Market attractiveness analysis By Luggage Type
  - 3.4.4. Market attractiveness analysis By Distribution Channel
Chapter 4. Global Travel Business Bags Market– Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global Travel Business Bags Market: company market share, 2019
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New Product launches
  - 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
Chapter 5. Global Travel Business Bags Market– Material Type Analysis
- 5.1. Global Travel Business Bags Market overview: By Material Type
  - 5.1.1. Global Travel Business Bags Market share, By Material Type , 2019 and 2026
- 5.2. Hard Side
  - 5.2.1. Global Travel Business Bags Market by Hard Side , 2016–2026(USD Billion)
- 5.3. Soft Side
  - 5.3.1. Global Travel Business Bags Market by Soft Side, 2016–2026(USD Billion)
Chapter 6. Global Travel Business Bags Market– Price Range Analysis
- 6.1. Global Travel Business Bags Market overview: By Price Range
  - 6.1.1. Global Travel Business Bags Market share, By Price Range , 2019 and 2026
- 6.2. Premium
  - 6.2.1. Global Travel Business Bags Market by Premium , 2016–2026(USD Billion)
- 6.3. Medium
  - 6.3.1. Global Travel Business Bags Market by Medium, 2016–2026(USD Billion)
- 6.4. Low
  - 6.4.1. Global Travel Business Bags Market by Low, 2016–2026(USD Billion)
Chapter 7. Global Travel Business Bags Market– Luggage Type Analysis
- 7.1. Global Travel Business Bags Market overview: By Luggage Type
  - 7.1.1. Global Travel Business Bags Market share, By Luggage Type , 2019 and 2026
- 7.2. Duffle
  - 7.2.1. Global Travel Business Bags Market by Duffle , 2016–2026(USD Billion)
- 7.3. Trulley
  - 7.3.1. Global Travel Business Bags Market by Trulley, 2016–2026(USD Billion)
- 7.4. Backpacks
  - 7.4.1. Global Travel Business Bags Market by Backpacks, 2016–2026(USD Billion)
Chapter 8. Global Travel Business Bags Market– Distribution Channel Analysis
- 8.1. Global Travel Business Bags Market overview: By Distribution Channel
  - 8.1.1. Global Travel Business Bags Market share, By Distribution Channel , 2019 and 2026
- 8.2. Supermarkets/Hypermarkets
  - 8.2.1. Global Travel Business Bags Market by Supermarkets/Hypermarkets, 2016–2026(USD Billion)
- 8.3. Specialty Stores
  - 8.3.1. Global Travel Business Bags Market by Specialty Stores, 2016–2026(USD Billion)
- 8.4. Factory Outlets
  - 8.4.1. Global Travel Business Bags Market by Factory Outlets, 2016–2026(USD Billion)
- 8.5. Online Stores
  - 8.5.1. Global Travel Business Bags Market by Online Stores, 2016–2026(USD Billion)
- 8.6. Others
  - 8.6.1. Global Travel Business Bags Market by Others, 2016–2026(USD Billion)
Chapter 9. Company Profiles
- 9.1. Samsonite Company Stores
  - 9.1.1. Overview
  - 9.1.2. Financials
  - 9.1.3. Product Portfolio
  - 9.1.4. Business Strategy
  - 9.1.5. Recent Developments
- 9.2. United States Luggage Company (LLC)
  - 9.2.1. Overview
  - 9.2.2. Financials
  - 9.2.3. Product Portfolio
  - 9.2.4. Business Strategy
  - 9.2.5. Recent Developments
- 9.3. Ace Co. Ltd.
  - 9.3.1. Overview
  - 9.3.2. Financials
  - 9.3.3. Product Portfolio
  - 9.3.4. Business Strategy
  - 9.3.5. Recent Developments
- 9.4. Targus Group International Inc.
  - 9.4.1. Overview
  - 9.4.2. Financials
  - 9.4.3. Product Portfolio
  - 9.4.4. Business Strategy
  - 9.4.5. Recent Developments
- 9.5. Rimova
  - 9.5.1. Overview
  - 9.5.2. Financials
  - 9.5.3. Product Portfolio
  - 9.5.4. Business Strategy
  - 9.5.5. Recent Development
- 9.6. Delsey SA
  - 9.6.1. Overview
  - 9.6.2. Financials
  - 9.6.3. Product Portfolio
  - 9.6.4. Business Strategy
  - 9.6.5. Recent Development
- 9.7. Crown
  - 9.7.1. Overview
  - 9.7.2. Financials
  - 9.7.3. Product Portfolio
  - 9.7.4. Business Strategy
  - 9.7.5. Recent Development
- 9.8. VIP Industries Ltd.
  - 9.8.1. Overview
  - 9.8.2. Financials
  - 9.8.3. Product Portfolio
  - 9.8.4. Business Strategy
  - 9.8.5. Recent Development
- 9.9. Andiamo
  - 9.9.1. Overview
  - 9.9.2. Financials
  - 9.9.3. Product Portfolio
  - 9.9.4. Business Strategy
  - 9.9.5. Recent Development
- 9.10. Pathfinder
  - 9.10.1. Overview
  - 9.10.2. Financials
  - 9.10.3. Product Portfolio
  - 9.10.4. Business Strategy
  - 9.10.5. Recent Development
- 9.11. Lucas
  - 9.11.1. Overview
  - 9.11.2. Financials
  - 9.11.3. Product Portfolio
  - 9.11.4. Business Strategy
  - 9.11.5. Recent Development
- 9.12. Ciao
  - 9.12.1. Overview
  - 9.12.2. Financials
  - 9.12.3. Product Portfolio
  - 9.12.4. Business Strategy
  - 9.12.5. Recent Development
- 9.13. Shanghai Fochier Intel’ Co. Ltd.
  - 9.13.1. Overview
  - 9.13.2. Financials
  - 9.13.3. Product Portfolio
  - 9.13.4. Business Strategy
  - 9.13.5. Recent Development
- 9.14. Tumi
  - 9.14.1. Overview
  - 9.14.2. Financials
  - 9.14.3. Product Portfolio
  - 9.14.4. Business Strategy
  - 9.14.5. Recent Development
- 9.15. Travelpro International Inc.
  - 9.15.1. Overview
  - 9.15.2. Financials
  - 9.15.3. Product Portfolio
  - 9.15.4. Business Strategy
  - 9.15.5. Recent Development
- 9.16. Antler
  - 9.16.1. Overview
  - 9.16.2. Financials
  - 9.16.3. Product Portfolio
  - 9.16.4. Business Strategy
  - 9.16.5. Recent Development
- 9.17. New Travel Sports Co. Ltd.
  - 9.17.1. Overview
  - 9.17.2. Financials
  - 9.17.3. Product Portfolio
  - 9.17.4. Business Strategy
  - 9.17.5. Recent Development
- 9.18. Eagle Creek
  - 9.18.1. Overview
  - 9.18.2. Financials
  - 9.18.3. Product Portfolio
  - 9.18.4. Business Strategy
  - 9.18.5. Recent Development
- 9.19. United States Luggage Company
  - 9.19.1. Overview
  - 9.19.2. Financials
  - 9.19.3. Product Portfolio
  - 9.19.4. Business Strategy
  - 9.19.5. Recent Development
- 9.20. Everest
  - 9.20.1. Overview
  - 9.20.2. Financials
  - 9.20.3. Product Portfolio
  - 9.20.4. Business Strategy
  - 9.20.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global Travel Business Bags Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Travel Business Bags Market attractiveness, By Material Type
6. Global Travel Business Bags Market attractiveness, By Luggage Type
7. Global Travel Business Bags Market attractiveness, By Price Range
8. Global Travel Business Bags Market attractiveness, By Distribution Channel
9. Global Travel Business Bags Market share by Material Type ,2019 and 2026 (USD Billion)
10. Global Travel Business Bags Market by Hard Side Travel Bags ,2016–2026(USD Billion)
11. Global Travel Business Bags Market by Soft Side,2016–2026(USD Billion)
12. Global Travel Business Bags Market share by Luggage Type ,2019 and 2026 (USD Billion)
13. Global Travel Business Bags Market by Duffle,2016–2026(USD Billion)
14. Global Travel Business Bags Market by Trolley,2016–2026(USD Billion)
15. Global Travel Business Bags Market by Backpacks,2016–2026(USD Billion)
16. Global Travel Business Bags Market share by Price Range ,2019 and 2026 (USD Billion)
17. Global Travel Business Bags Market by Premium,2016–2026(USD Billion)
18. Global Travel Business Bags Market by Medium,2016–2026(USD Billion)
19. Global Travel Business Bags Market by Low,2016–2026(USD Billion)
20. Global Travel Business Bags Market share by Distribution Channel ,2019 and 2026 (USD Billion)
21. Global Travel Business Bags Market by Supermarkets/Hypermarkets,2016–2026(USD Billion)
22. Global Travel Business Bags Market by Specialty Stores,2016–2026(USD Billion)
23. Global Travel Business Bags Marketby Factory Outlets,2016–2026(USD Billion)
24. Global Travel Business Bags Marketby Online Stores,2016–2026(USD Billion)
25. Global Travel Business Bags Marketby Others,2016–2026(USD Billion)
26. Global Travel Business Bags Marketshare, by Region, 2019 and 2026
27. North America Travel Business Bags Market, 2016–2026(USD Billion)
28. Europe Travel Business Bags Market, 2016–2026(USD Billion)
29. Asia Pacific Travel Business Bags Market, 2016–2026(USD Billion)
30. Latin America Travel Business Bags Market, 2016–2026(USD Billion)
31. The Middle East and Africa Travel Business Bags Market, 2016–2026(USD Billion)

Table Of Tables

List of Tables

1. Global Travel Business Bags Market: snapshot
2. Drivers of the Travel Business Bags Market: impact analysis
3. North America Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
4. North America Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
5. North America Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
6. North America Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
7. The U.S. Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
8. The U.S. Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
9. The U.S. Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
10. The U.S. Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
11. Rest of North America Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
12. Rest of North America Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
13. Rest of North America Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
14. Rest of North America Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
15. Europe Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
16. Europe Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
17. Europe Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
18. Europe Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
19. UK Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
20. UK Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
21. UK Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
22. UK Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
23. France Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
24. France Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
25. France Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
26. France Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
27. Germany Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
28. Germany Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
29. Germany Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
30. Germany Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
31. Rest of Europe Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
32. Rest of Europe Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
33. Rest of Europe Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
34. Rest of Europe Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
35. Asia Pacific Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
36. Asia Pacific Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
37. Asia Pacific Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
38. Asia Pacific Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
39. China Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
40. China Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
41. China Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
42. China Travel Business Bags Market revenue, By Distribution Channels ,2016–2026(USD Billion)
43. Japan Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
44. Japan Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
45. Japan Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
46. Japan Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
47. India Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
48. India Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
49. India Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
50. India Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
51. Rest of Asia Pacific Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
52. Rest of Asia Pacific Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
53. Rest of Asia Pacific Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
54. Rest of Asia Pacific Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
55. Latin America Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
56. Latin America Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
57. Latin America Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
58. Latin America Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
59. Brazil Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
60. Brazil Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
61. Brazil Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
62. Brazil Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
63. Rest of Latin America Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
64. Rest of Latin America Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
65. Rest of Latin America Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
66. Rest of Latin America Travel Business Bags Market revenue, By Distribution Channel , 2016–2026(USD Billion)
67. The Middle East and Africa Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
68. The Middle East and Africa Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
69. The Middle East and Africa Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
70. The Middle East and Africa Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
71. Saudi Arabia Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
72. Saudi Arabia Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
73. Saudi Arabia Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
74. Saudi Arabia Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
75. South Africa Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
76. South Africa Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
77. South Africa Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
78. South Africa Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)
79. Rest of the Middle East & Africa Travel Business Bags Market revenue, By Material Type , 2016–2026(USD Billion)
80. Rest of the Middle East & Africa Travel Business Bags Market revenue, By Price Range , 2016–2026(USD Billion)
81. Rest of the Middle East & Africa Travel Business Bags Market revenue, By Luggage Type , 2016–2026(USD Billion)
82. Rest of the Middle East & Africa Travel Business Bags Market revenue, By Distribution Channel ,2016–2026(USD Billion)

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FrequentlyAsked Questions

Which key factors will influence the Travel Business Bags Market growth over 2020-2026?

What will be the value of the Travel Business Bags Market during 2020-2026?

According to Zion market research report, the global Travel Business Bags market accrued earnings worth approximately 1.8 (USD Billion) in 2019 and is predicted to gain revenue of about 3.1 (USD Billion) by 2026, is set to record a CAGR of nearly 7% over the period from 2020 to 2026.

Which region will contribute notably towards the global Travel Business Bags Market revenue?

North American region will contribute lucratively towards the global market value over the estimated timeline. The growth of the regional market during the forecast timespan can be attributed to production of high-end designer bags in the countries such as the U.S. In addition to this, new luggage designs and production of smart bags embedded with GPS & adjustment suppleness in the developed countries of North America will prompt the market penetration across the sub-continent in the upcoming decade. Additionally, humungous popularity of travel business bags devised for reducing shoulder, neck, and back pain will further create new demand for the product in the region over the years to come.

Which are the major players influencing the Travel Business Bags Market Size?

The key market participants include Samsonite Company Stores, United States Luggage Company (LLC), Ace Co. Ltd., Targus Group International Inc., Rimova, Delsey SA, Crown, VIP Industries Ltd., Andiamo, Pathfinder, Lucas, Ciao, Shanghai Fochier Intel’ Co. Ltd., Tumi, Travelpro International Inc., Antler, New Travel Sports Co. Ltd., Eagle Creek, United States Luggage Company, and Everest.