According to the latest report of the IMARC group, entitled “Travel Bag Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026the global market reached a value of US$19.7 billion in 2020. A duffel bag is a travel accessory used by tourists, explorers, and backpackers to carry clothes and other items. The bags are commonly available in backpacks, duffel bags, rolling luggage, duffel bags, rolling backpacks, and tote bags. Hard-sided travel bag variants are made from materials such as acrylonitrile-butadiene-styrene (ABS), polypropylene, and polycarbonate. In comparison, lightweight and flexible variants are made from cotton, vinyl, nylon, leather, and polyester. Travel bags are widely available in different colors, shapes and sizes which can be customized to suit user requirements.
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The global travel bag market is primarily driven by significant growth in the travel and tourism industry. There is a growing consumer preference for polycarbonate luggage bags produced in fashionable colors and attractive aesthetic designs. Moreover, various product innovations such as the launch of smart electric bags containing batteries to charge smart devices are driving the growth of the market. Other factors including the development of lightweight bags with Global Positioning System (GPS) with luggage tracking capabilities, as well as increasing consumer spending capabilities, are creating a positive outlook for the market. Looking ahead, IMARC Group expects the market to grow at a CAGR of 6.8% during the period 2021-2026.
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Like the new coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Competitive landscape with key players:
- Delsey SA
- Deuter Sport
- Fenix Outdoor
- Louis Vuitton
- low alpine
- VIP Industries
Market segmentation :
Breakdown by type of material:
Breakdown by type of baggage:
Breakdown by price range:
- premium price
- Average price
- Low price
Breakdown by demographics:
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- Specialty stores
- Factory outlets
- Online stores
Breakdown by region:
- North America (USA, 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)
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Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Structure of the global market
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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