Travel Business Bags Market Size Report, Industry Share, Analysis, Growth, 2030

Travel Business Bags Market

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

Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-6116 Published Date: Apr-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 1.8 Billion USD 3.1 Billion 7% 2019

Travel Business Bags Industry Perspective:

The global Travel Business Bags market size 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 an 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 on the journey to another. These products are produced from textiles, jute, leather, and coated clothes. Moreover, travel business bag 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.

Global Travel Business Bags MarketRequest Free Sample

Travel Business Bags Market: Growth Dynamics

The rise in globalization in emerging nations is anticipated to translate into humungous growth for the travel business bags industry over the forecast timespan. In addition to this, a prominent bulge in road & rail commuters coupled with an increase in the number of flyers will leverage the expansion of the travel business bags market size in the next couple of years. Other factors driving the market growth include a rise in immigration activities, favorable travel policies, and innovations in product design.

The need for enhancing the functionality and quality of the product will raise product penetration across the globe, thereby driving 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 the 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.

Travel Business Bags Market: Report Scope

Report Attributes Report Details
Report Name Travel Business Bags Market Research Report
Market Size in 2019 USD 1.8 Billion
Market Forecast in 2026 USD 3.1 Billion
Growth Rate CAGR of 7%
Number of Pages 255
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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.
Segments Covered By Material Type, By Luggage Type, By Price Range, By Distribution Channel, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2019
Historical Year 2017 to 2019
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Travel Business Bags Market: Regional Landscape

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

The growth of the travel business bags industry in North America over the assessment period can be attributed to the production of high-end designer bags in the countries such as the U.S. In addition to this, new luggage designs and the production of smart bags embedded with GPS & adjustment suppleness in the developed countries of North America will prompt market penetration across the sub-continent in the upcoming decade. Additionally, the 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.

Travel Business Bags Market: Competitive Space

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
  • 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

Methodology

FrequentlyAsked Questions

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.

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.

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.

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.

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