Travel Bag Demand, Growth, Market Size, Opportunity, Share Analysis

Global Travel Bags Market Overview

The world has witnessed an upsurge in travel and tourisms over previous few years. Large number of people travels to various tourist destinations each year. Since frequency of travels have increased people look forward for lighter and compact luggage options such as travel bags.

Travel bags are segmented under the global luggage industry, which is envisioned to witness an expansion from USD 30,969 Million in 2014 to USD 43,358 Million in 2020, registering a CAGR of 5.8%. Regionally, the global travel bags market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row).

Market Segmentation

By Type

Backpack
Duffles
Trolleys

By Material

Polyester
Fabric
Leather

By Demography

Male Travel Bags
Female Travel Bags

By Distribution Channel

Source: Research Nester

Online Retail Stores
Speciality Retailers
Supermarkets/department stores/hypermarkets

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges

Increasing number of passengers travels coupled with rising disposable incomes are anticipated to drive the global travel bags market in future.

In addition to that, growth in urbanization is also expected to fuel the global travel bags market during 2015-2021.

However, presence of large number of un-organized players in emerging countries such as India and China are projected to hamper the global travel bags market over next few years.

Market Size and Forecast

North America travel bags market is likely to get propelled from increasing international and domestic travels in country such as the U.S. For instance, domestic travel increased by 4.2% in the U.S. in 2014 to reach 2.3 billion person trips in 2015.

Europe travel bags market is also anticipated to expand from increasing innovation by manufacturers to provide more flexible and comfortable travel bags to travellers.

Asia-Pacific travel bags market is likely to witness a substantial growth during 2015-2021. The market in the region is expected to spark from increasing per capita income and rising urbanization in India and China.

Key Players

Global travel bags market includes some of the top players such as VIP Industries, VF Corporation, Briggs & Riley Travelware, MCM Worldwide, Samsonite, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
Rest of World Market Size & Y-O-Y Growth Analysis

Segmentation