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Global Travel Bag Market Analysis & Opportunity Outlook 2021

Published On : 09:40 AM, 14th September, 2017 REP-ID-143 Category: Miscellaneous

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

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

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Material Market Size & Y-O-Y Growth Analysis
  • By Demography Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                       Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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