Luggage Market is predicted to reach USD 1,07,725.5 million at a CAGR of 6.1% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Luggage Market”.

Luggage Market Highlights

According to the MRFR analysis, the global Luggage market was valued at USD 49,518.2 million in 2022 and is projected to reach USD 1,07,725.5 million by 2032 at a CAGR of 6.1%.

The luggage market is being driven by the growing emphasis on sustainability and environmental consciousness. There is a rising market for recyclable and environmentally friendly baggage materials as people become more conscious of how consumer items affect the environment. Also, shifting consumer tastes and lifestyle trends have an impact on the luggage business and rising disposable incomes, more frequent travel, and improvements in luggage technology are some of the major reasons driving the luggage market.

COVID-19 Impact on the Luggage Market

The luggage market has been greatly affected by the Covid-19 outbreak, both in terms of short-term disruptions and long-term changes in consumer behavior. Travel was severely curtailed at first due to lockdowns and restrictions, which also resulted in a substantial drop in the demand for bags. Travelers postponed and canceled business visits because of hotels closing, airlines canceling flights, and a general cessation of tourism. Due to the rapid slump, baggage makers and merchants had to adjust immediately, which resulted in surplus inventory and revenue losses. But as travel began to resume, although with more stringent health and safety precautions, a change in luggage preferences arose. Functionality, longevity, and hygienic characteristics are now top priorities for consumers when choosing luggage. In response, brands have innovated with touchless features, improved cleaning procedures, and antimicrobial materials. Furthermore, there's been a noticeable increase in demand for travel bags appropriate for staycations and remote work. Travelers' changing needs in a post-pandemic environment have led to a rise in the popularity of hybrid designs that smoothly switch between work and play. The COVID-19 pandemic has affected the bag business in several ways, affecting backpacks, handbags, luggage, and other types of bags. When travel restrictions and lockdown measures led to a sharp decline in travel and outdoor activities, the industry first experienced a severe downturn. The market for luggage fell, leaving manufacturers and retailers with excess inventory and revenue losses since travel was virtually nonexistent and airports empty. Sales of handbags were also impacted as consumers reduced their purchases of frivolous goods and redirected their expenditure toward necessities. The COVID-19 pandemic has had a significant negative economic impact on the bag business, affecting supply chains worldwide, as well as retail and manufacturing. Manufacturers and retailers suffered large financial losses at first because of the broad travel restrictions and lockdown measures, which caused a rapid drop in demand for baggage and travel-related products. Sales of purses and other fashion-focused bags fell along with store closures and a shift in consumer spending toward necessities. Due to the industry's layoffs, furloughs, and closures brought on by this decline in demand, unemployment rates and economic uncertainty increased. The COVID-19 pandemic has caused the worldwide luggage market to undergo a turbulent voyage, with both new potential and unusual obstacles. The market for bags had a dramatic contraction at first because of broad travel restrictions and lockout measures, which led to a sharp fall in travel demand. Sales of luggage, travel bags, and related accessories significantly decreased because of customers postponing or canceling trip plans, hotels closing, airlines being grounded, and tourism coming to a complete halt. The abrupt decline in demand resulted in surplus inventory, decreased earnings, and disturbances to the supply chain for baggage producers and merchants. The global luggage supply chain has been severely impacted by the COVID-19 outbreak, posing a wide range of difficulties and complications for suppliers, manufacturers, and retailers alike. Governments imposed harsh measures like lockdowns, travel restrictions, and border closures to stop the virus's rapid cross-border spread. These actions significantly hampered the flow of supplies and goods, which resulted in numerous delays and disturbances in the luggage supply chain. Owing to health and safety rules, factories and industrial facilities were compelled to close or operate at reduced capacity, which resulted in production delays and a lack of finished goods. The COVID-19 pandemic has significantly changed consumer behaviour and preferences, which has had an impact on the market demand for luggage. Initially, demand for bags fell precipitously as travel restrictions and lockdown measures were imposed globally. Customers delayed or cancelled travel plans because of the near halting of both domestic and international travel, which reduced the demand for luggage, travel bags, and related accessories.

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Competitive Landscape

The global Luggage market is driven and consists of several organized and unorganized industry players. The main companies in the global Luggage Market are aiming at growth strategies such as innovation in products and evolving technologies on a global level to gain a maximum share of the global market. The key players operating in the global Luggage market comprise Samsonite International S.AR.L. (Hong Kong), Horizn Studios (Germany), Modobag (US), Away (US), Samsara Luggage (US), Travelpro Products, Inc. (US), Kabuto (Japan), Tripp Ltd (UK), EVOC (Bavaria), VIP Industries Limited (India), among others.

Segmentation

By Product Type

• Trolleys: Trolleys, which are widely available in the international luggage market, are an adaptable form of luggage intended to facilitate movement, especially in travel hubs such as airports and train terminals. Most of these wheeled carriers have several compartments for arranging goods while traveling and a handle for easy mobility. Trolleys are available in a range of sizes to accommodate the different demands of passengers around the world, from small carry-ons to enormous, checked baggage.


• Duffle Bags: Duffle bags, with their soft-sided construction and cylindrical or rectangular shape, are a popular and adaptable category in the global travel industry. This luggage usually has a roomy main compartment that is frequently enhanced with external pockets for more storage, which makes them perfect for packing shoes, clothes, and other necessities for travel. Duffle bags are a practical and adaptable luggage option for travelers. They can be used for anything from gym sessions and weekend vacations to quick travels and outdoor experiences.


• Backpacks: Backpacks are a common and essential category in the worldwide luggage market, valued for their functionality, comfort, and adaptability. With the two shoulder straps on these bags, the wearer's weight is evenly distributed over their back, enabling hands-free item carrying. To meet a wide range of purposes, from daily commute and school use to hiking, traveling, and outdoor experiences, backpacks are available in a variety of sizes, styles, and designs. Backpacks are a popular choice among customers all around the world because they provide effective organization and convenient access to goods through their numerous pockets and compartments.

By Type

• Smart: The introduction of smart luggage has brought about a substantial revolution in the worldwide luggage industry. The term "smart luggage" describes bags that have been outfitted with a range of electronic components designed to improve travelers' comfort and productivity. Numerous reasons have contributed to the noteworthy expansion this market has been seeing. An important contributing factor is the growing use of smart technology in a variety of sectors. There's a rising market for creative products that incorporate technology into commonplace objects, like luggage, as consumers become more tech-savvy. As travelers look for ways to make their travels more efficient, this tendency has fueled the rise of the smart luggage market.


• Standard: Standard luggage continues to be a mainstay in the worldwide luggage business, appealing to a broad spectrum of passengers. Generally speaking, standard luggage refers to conventional luggage designs that emphasize price, functionality, and durability. Owing to several contributing factors, the market share of ordinary luggage remains substantial despite the advent of specialist luggage types. The basic luggage market is expanding due in large part to its adaptability and attractiveness to all types of travelers. Conventional luggage designs are appropriate for a range of travel scenarios, such as business trips, family vacations, and leisure travel. Standard luggage is a popular option for a wide range of consumers due to its broad applicability, which supports its ongoing demand and market expansion.

By Price Range

• Economy: The economic segment of the global luggage market is expanding rapidly, owing to many important factors. The growing inclination of consumers towards cost-effective travel options is a major element. There is an increasing need for reasonably priced luggage options that provide functionality without sacrificing quality as more individuals look for economical methods to travel to new places. Furthermore, businesses are now able to create low-cost, economy-grade luggage that nonetheless satisfies travelers' basic needs thanks to developments in manufacturing technologies. The economy segment is expanding because of this feature, which enables producers to provide a broad selection of items at reasonable pricing points. Sales in this market have also increased because of the growth of Internet shopping channels, which have made it simpler for customers to compare costs and locate reasonably priced luggage solutions.


• Premium: The premium segment of the global luggage market is expanding rapidly, fueled by several important characteristics that satisfy the discriminating wants and tastes of wealthy customers. The rising desire for upscale travel experiences is one important reason driving this market's expansion. Higher earners have a greater desire for upscale and unique travel experiences, and this is reflected in their choice of luggage, which should match their opulent way of life. The desire for opulent travel experiences is fueling the market for high-end luggage items with cutting-edge features, exceptional quality, and inventive designs.

By Raw Material

• Polyester: Polyester luggage is comprised predominantly of luggage items constructed from polyester fabric, a synthetic material renowned for its moisture resistance, durability, and lightweight. Travelers like polyester baggage because it's less expensive, more versatile, and easier to maintain. To accommodate different travel demands and tastes, these baggage items usually come in a variety of forms, such as duffel bags, suitcases, backpacks, and travel sets.


• Aluminum: Travel cases and bags made primarily of aluminum, a strong, lightweight metal with excellent corrosion resistance, are referred to as aluminum luggage. The sleek and contemporary design of this kind of baggage makes it popular among frequent travelers and those looking for upscale, luxurious travel gear. The growing consumer preference for high-end, long-lasting travel gear is one of the many drivers driving the aluminum baggage market's expansion. When it comes to protecting goods, aluminum luggage is thought to be a higher-quality option than standard fabric-based luggage. This feature draws affluent tourists who value longevity and durability in their luggage purchases.


• Ballistic Nylon: Ballistic nylon luggage is the term for travel bags and cases composed of this tough, abrasion-resistant synthetic material that was first created for military applications. Ballistic nylon luggage is a well-liked option for explorers and frequent travelers looking for dependable equipment for their travels because of its remarkable strength, rip resistance, and lifespan. First off, customers looking for baggage that can survive the demands of travel will find ballistic nylon to be an appealing option because of its inherent durability and sturdiness. This feature appeals especially to business travelers, frequent flyers, and outdoor enthusiasts who need luggage that can withstand harsh conditions and withstand a beating.


• Leather: Leather luggage comprises travel bags and suitcases that are predominantly constructed from authentic leather. This opulent and long-lasting material is highly regarded for its sophistication, resilience, and enduring allure. When looking for high-end travel gear, business professionals, fashionistas, and discriminating travelers choose leather baggage because it radiates refinement and class. Several elements are driving the expansion of the leather luggage market. First, customers who appreciate fine craftsmanship, superior quality, and stylish luggage are drawn to leather since it is a material that epitomizes luxury and status. Rich tourists and style-conscious people who want to make a statement with their travel accessories are drawn to this natural association with elegance and sophistication.


• Others: The other materials that are utilized to make baggage each have special qualities and benefits of their own. Polycarbonate, a thermoplastic renowned for its strong resistance to impact and lightweight, is one such material. Polycarbonate luggage has become more and more popular because of its strength, resilience to severe handling when traveling, and sleek, contemporary design. This element supports the segment's expansion as customers increasingly choose luggage that emphasizes both durability and style.

By End-User

• Men: The men's segment of the global luggage market is growing for several reasons. To begin with, a major factor in the expansion of the market is the growing tendency of males to travel on business trips more frequently. This market is expanding because more men are traveling the world on business, which increases the need for luggage solutions that are both practical and long-lasting. The rising inclination of men towards adventure tourism and outdoor recreational activities also plays a role in the segment's growth. Men's demand in this market is fueled by the fact that they frequently need sturdy suitcases, duffel bags, and backpacks to fit their active lifestyles.


• Women: The growth trajectory of the women's segment in the global luggage market is driven by several important aspects. A major factor in the growth of the market is the growing number of women who travel for work and pleasure across the globe. The number of women pursuing careers and taking vacations is increasing, and with it, the need for fashionable, practical, and adaptable luggage solutions that meet their requirements.


• Unisex: The worldwide luggage market's unisex category is growing at a significant rate because of several important factors. First off, gender-neutral products are becoming more and more popular in a variety of sectors, including travel accessories. This change reflects how society is becoming more accepting of gender norms and preferences, which has raised the demand for luggage solutions that suit all travelers, regardless of gender. Consequently, producers are broadening their range of products to incorporate designs that are suitable for both genders, which is fueling the expansion of this market.

By Distribution Channel

• Store-based: Store-based distribution channels encompass conventional retail establishments where customers can inspect, acquire, and retrieve luggage products in person. These consist of supermarkets, department stores, specialty luggage stores, and other physical businesses. Store-based distribution channels are still a major way for customers to contact and buy luggage products, even in the age of e-commerce. The expansion of the store-based distribution channel in the global luggage market is attributed to multiple factors. First, consumers find in-store shopping enticing because they can physically examine the fabrics, sizes, and features of luggage products before making a purchase. Customers are frequently more satisfied and confident in their purchasing decisions because of this practical experience.


• Non-Store based: Non-store-based distribution channels pertain to methods by which luggage products are offered for sale in locations other than conventional physical retail establishments. Online merchants, direct sales via manufacturer websites, catalog sales, and other digital platforms fall under this category. Due to several contributing reasons, non-store-based distribution channels have seen significant expansion in the worldwide luggage market in recent years.

By Region

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  North America: The luggage market in North America is currently undergoing substantial expansion, propelled by various critical factors, including consumers' preference for travel and the upward trend in disposable incomes. As an increasing number of people travel for business and pleasure, the demand for durable, functional, and fashionable luggage options increases, thereby driving market expansion. Furthermore, technological progress has resulted in the creation of inventive luggage options that incorporate functionalities including GPS monitoring, integrated charging ports, and lightweight construction, thereby accommodating the changing demands of tourists in the area. Technological advancements of this nature augment security and convenience, thereby enticing consumers to purchase premium luggage products.

  
  


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  Europe: Europe's luggage market is expanding because of several significant factors, such that the considerable demand for luggage products is fueled by the region's thriving tourism industry, which includes both domestic and international travelers. Europe's diverse allures, encompassing scenic landscapes, cultural heritage sites, and historical landmarks, garner millions of visitors each year, thereby sustaining a demand for luggage of superior quality. Additionally, the proliferation of e-commerce platforms and online retailing has significantly improved the availability of luggage products to consumers in Europe. The convenience, extensive selection, and competitive pricing of online channels all contribute to the region's increased sales.

  
  


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  Asia-Pacific: The Asia-Pacific luggage market is undergoing substantial expansion, which can be attributed to several significant factors. Increasing disposable incomes and accelerated urbanization in several countries throughout the region are driving an upsurge in both domestic and international travel. The increasing number of individuals undertaking leisure journeys, business trips, and international vacations stimulates market expansion through the surge in demand for luggage products. Furthermore, the proliferation of middle-class populations in nations such as China and India are a substantial factor in the luggage industry's growth. The increasing purchasing power of individuals has led to a heightened need for fashionable, long-lasting, and practical luggage alternatives, especially among the younger demographics who are enthusiastic about traveling.

  
  


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  South America: The luggage industry in South America is undergoing expansion propelled by several significant factors. Increased disposable incomes and a growing middle class in the region are the primary drivers of the current surge in domestic and international travel. The increasing financial capacity of individuals to travel to South American and international leisure destinations stimulates the demand for luggage products, thereby propelling market expansion. Moreover, tourists from all over the globe are drawn to South America due to its varied topography, beaches, mountains, and rainforests, as well as its abundant cultural heritage. The confluence of this surge in visitors and the expansion of domestic tourism generates an ongoing need for luggage options of superior quality that are adaptable to a multitude of travel objectives.

  
  


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  The Middle East & Africa: The Middle East and Africa luggage market is expanding due to several causes such as, the area's flourishing tourism sector, which includes well-known locations such as Dubai, Abu Dhabi, Marrakech, and Cape Town, garners millions of tourists each year, thereby generating an ongoing need for luggage merchandise. The region's ongoing investment in tourism infrastructure and promotion of itself as a global travel center contribute to an increased demand for durable, high-quality luggage options.