Global luggage market has been witnessing steady growth over the past few years. Luggage refers to bags, suitcases or trunks that are used for carrying clothes, personal items, and other belongings while travelling. Rapid urbanization, increasing disposable incomes, and growing tourism and travel industry are some of the key factors boosting demand for luggage worldwide. Moreover, innovations in material and design focused on creating lightweight yet durable bags have augmented the popularity of new product varieties. Various types of luggage available in the market include duffle bags, suitcases, backpacks, and trolleys. Major players are introducing smart features such as USB charging ports, trackers, and digital locks to cater to the evolving needs of tech-savvy consumers. Global luggage market is expected to witness growth significantly in the near future due to rising international trade, business travel, and migration.

Market Dynamics:

Global luggage market growth is driven by factors such as rising tourism activities worldwide, rapidly growing aviation sector in emerging nations, increasing disposable incomes, and changing lifestyle and travel patterns of consumers. According to the 2021, World Tourism Organization, international tourist arrivals grew by 6% in 2017 to reach 1.3 Bn in 2022. Continued growth in tourism is expected to boost demand for suitcases, duffle bags, and other baggage over the forecast period. Further, high internet penetration and boom in e-commerce have made luggage shopping convenient for consumers, thus, promoting online sales. However, availability of low-cost counterfeit products poses a major challenge for established brands. Also, fluctuations in raw material prices affect the overall production cost of luggage manufacturers. Introduction of smart and innovative products presents lucrative opportunities. Market players are focusing on developing lightweight, durable, and technologically advanced bags.

Key Features of the Study:

• This report provides in-depth analysis of the global luggage market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global luggage market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Tapestry Inc., Rimowa GmbH, Louis Vuitton Malletier, S.A., Victorinox Swiss Army, Inc., Samsonite International S.A, Coach Inc, VF Corporation, Antler Limited, Delsey S.A., Bric's Industria Valigeria Fine SpA, Etienne Aigner AG, and VIP Industries Limited.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global luggage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global luggage market.

Detailed Segmentation:

• Global Luggage Market, By Product Type
  • Travel Bags
  • Trolley & Duffle Bags
  • Lifestyle Bags
  • Backpack
  • Garment Bags
  • Business Cases
  • Briefcases
  • Attache Cases
  • Business Backpacks
  • Others (Casual Bags, etc.)
• Global Luggage Market, By Distribution Channel
  • Wholesale & Specialty Stores
  • Hypermarkets
  • Supermarkets
  • Online Stores
  • Others (Factory Outlets, etc.)
• Global Luggage Market, By Price Range
  • Mid Range
  • Low Range
  • Premium Range
• Global Luggage Market, By Category
  • Soft-side
  • Hard-side
• Global Luggage Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in the Global Luggage Market
  • Tapestry Inc.
  • Rimowa GmbH
  • Louis Vuitton Malletier, S.A.
  • Victorinox Swiss Army, Inc.
  • Samsonite International S.A
  • Coach Inc
  • VF Corporation
  • Antler Limited
  • Delsey S.A.
  • Bric's Industria Valigeria Fine SpA
  • Etienne Aigner AG
  • VIP Industries Limited