Global Luggage Market Overview
Luggage Market Size was valued at USD 59421.84 million in 2023. The Luggage market industry is projected to grow from USD 62095.8228 million in 2024 to USD 107725.5254 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.13% during the forecast period (2024 - 2032). 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.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Luggage Market Trends
- Rising Disposable Income and Increasing Travel
Rising disposable incomes and an increase in travel worldwide are two interrelated variables that will propel the luggage market's enormous rise. Consumers have more disposable income to spend on vacation experiences as economies grow and earnings rise. As discretionary money continues to rise, there is a growing need for premium luggage to go with travelers, as well as a growing desire to see new places. With more money to spend, people are more likely to choose sturdy, useful, and fashionable luggage that complements their travel experiences and reflects their changing goals for a lifestyle.
Concurrently, the increase in global travel activities drives up demand for luggage products even more. Travel, both local and foreign, is now more accessible and reasonably priced because of things like better transportation networks, more economical flights, and online travel agencies that provide lodging and itinerary planning. An increasing number of people are taking business, recreational, and educational trips because of the democratization of travel. As such, there is an increased demand for luggage options that accommodate a variety of travel needs and tastes, from small carry-ons for quick trips to roomy suitcases for longer stays.
Furthermore, the luggage market is shaped by how travel is changing due to shifting lifestyle preferences and technology breakthroughs. Convenience, security, and style are of utmost importance to modern travelers, which has prompted baggage makers to innovate and add intelligent technologies like RFID protection, GPS monitoring, and integrated charging ports to their products. Additionally, as consumers become more environmentally concerned, there is an increasing need for sustainable and eco-friendly materials used to make luggage. To satisfy the changing expectations of today's passengers, the luggage market is going through a paradigm change toward more technologically sophisticated, ecologically responsible, and aesthetically pleasing options.
Luggage Market Segment Insights
Luggage Product Type Insights
Based on the product type, the Luggage Market has been bifurcated into Trolleys, Duffle Bags, and Backpacks. The Trolleys segment accounted for the largest market share of 54.4% in 2022 and is likely to register a CAGR of 5.2% during the projected period. 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.
Figure 1: Luggage Market, by product type, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Luggage Type Insights
Based on the type, the Luggage Market has been bifurcated into Smart and Standard. The Standard segment accounted for the largest market share of 94.1% in 2022 and is likely to register a CAGR of 4.9% during the projected period. 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.
Figure 2: Luggage Market, by type, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Luggage Price Range Insights
The Luggage Market has been bifurcated into economy and premium based on price range. The Economy segment accounted for the largest market share of 78.5% in 2022 and is likely to register a CAGR of 5.2% during the projected period. The economic segment of the 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. This trend is especially noticeable among young professionals, students, and frugal travelers who put value above all else.
Figure 3: Luggage Market, by price range, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Luggage Raw Material Insights
Based on the raw material, the Luggage Market has been bifurcated into Polyester, Aluminum, Ballistic Nylon, Leather, and Others. The Polyester segment accounted for the largest market share of 40.5% in 2022 and is likely to register a CAGR of 5.1% during the projected period. 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.
Figure 4: Luggage Market, by raw material, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Luggage End-User Insights
Based on the end user, the Luggage Market has been bifurcated into Men, Women, and Unisex. The Men segment accounted for the largest market share of 50.2% in 2022 and is likely to register a CAGR of 5.6% during the projected period. The men's segment of the 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.
Figure 5: Luggage Market, by end-user, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Luggage Distribution Channel Insights
Based on the distribution channel, the Luggage Market has been bifurcated into store-based and non-store-based. The Store-based segment accounted for the largest market share of 83.9% in 2022 and is likely to register a CAGR of 5.6% during the projected period. 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.
Figure 6: Luggage Market, by Distribution Channel, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Luggage Regional Insights
By Region, the study segments the market into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific Luggage market accounts for the largest market share 37.1% in 2022 and is expected to exhibit a 6.8% CAGR. 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.
Figure 7: Luggage Market, by Distribution Channel, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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.
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.
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.
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.
Further, the major countries studied are: The U.S, Canada, Mexico, Germany, Austria, Switzerland, France, UK, Spain, Italy, China, India, Japan, South Korea, Brazil, Argentina, Turkey.
Luggage Key Market Players & Competitive Insights
The Luggage Market is projected to register a CAGR of 6.1% during the forecast period. Intense competition among major firms vying for market share through product innovation, brand distinction, and strategic alliances characterizes the competitive environment of the baggage industry. Prominent corporations, like Samsonite International S.A., Horizn Studios, and Modobag, wield significant market share due to their vast array of products, robust brand recognition, and broad worldwide distribution systems. To adapt to changing consumer demands, these industry leaders consistently engage in R&D to provide cutting-edge features like lightweight materials, clever technology integration, and eco-friendly designs. Furthermore, market participants frequently use mergers, acquisitions, and partnerships as a means of broadening their geographic reach, improving their product offers, and fortifying their competitive stance. Nevertheless, local companies and niche businesses are also beginning to appear in the industry, focusing on specialized markets like luxury, adventure travel, or environmentally friendly luggage. In general, the competitive environment continues to be dynamic due to various causes, such as evolving consumer trends, technology breakthroughs, and the endeavor to adopt sustainable corporate practices.
Key Companies in the Luggage market include
Luggage Industry Developments
September 2022: Samsonite has announced the introduction of Magnum Eco, a line of strong, lightweight luggage that takes advantage of cutting-edge developments in recycled material RecyclexTM in India. The Magnum Eco line offers excellent performance and durability while lowering carbon footprint. The announcement boosts Samsonite's aim to become the most ecologically responsible manufacturer of travel and lifestyle items and marks a significant innovation advance for the baggage industry.
August 2020: The newest travel collection from Samsonite Asia has been upgraded with antibacterial technology. The line has been created in association with Microban International, a leader in odor control and antibacterial technology worldwide.
Luggage Market Segmentation:
Luggage Product Type Outlook
- Trolleys
- Duffle Bags
- Backpacks
Luggage Type Outlook
Luggage Price Range Outlook
Luggage Raw Mater Outlook
- Polyester
- Aluminum
- Ballistic Nylon
- Leather
- Others
Luggage End-User Outlook
Luggage Distribution Channel Outlook
- Store-based
- Non-store based
Luggage Category Outlook
Luggage Regional Outlook
- North America
- Europe
- Germany
- Australia
- Switzerland
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC Countries
- Southern Africa
| Report Attribute/Metric |
Details |
| Market Size 2024 |
USD 62095.8228 million |
| Market Size 2032 |
USD 107725.53 million |
| Compound Annual Growth Rate (CAGR) |
7.13% (2024-2032) |
| Base Year |
2023 |
| Forecast Period |
2024-2032 |
| Historical Data |
2018 - 2021 |
| Forecast Units |
Value (USD Million) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Product Type, Type, Price Range, Raw Material, End-User, Distribution Channel, Region |
| Geographies Covered |
North America, Europe, Asia Pacific, South America, and the Middle East & Africa. |
| Countries Covered |
The U.S, Canada, Mexico, Germany, Austria, Switzerland, France, UK, Spain, Italy, China, India, Japan, South Korea, Brazil, Argentina, Turkey |
| Key Companies Profiled |
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. |
| Key Market Opportunities |
·      Expansion of online retail and e-commerce ·      Growth of the travel and tourism industry |
| Key Market Dynamics |
·      Rising disposable income and increasing travel ·      Growing innovations by key players ·      The rise of online travel booking platforms ·      Fluctuating prices of raw materials ·      Competition from counterfeit products |
Frequently Asked Questions (FAQ) :
The Luggage market accounted for USD 59421.84 million.
Rising disposable income and increasing travel, growing innovations by key players, the rise of online travel booking platforms, are the key driving factor for the Luggage market.
The growth rate of the Luggage market is 7.13% CAGR.
North America region held the largest market share in the Luggage market.
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.
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