Global Luggage Market Anticipated To Reach Around USD 75.3 Billion By 2026

14-Sep-2020 | Facts and Factors

Findings from Facts and Factors report “Luggage Market By Type (Travel Luggage, Casual Luggage, Business Luggage, Sports Luggage, and Others) and By Distribution Channel (Specialist Retailer, Factory Outlet, Internet Sale, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global luggage market in 2019 was approximately USD 52.7 billion. The market is expected to grow at a CAGR of 5.2% and is anticipated to reach around USD 75.3 billion by 2026.

Luggage is used during domestic and international traveling by any means of transport to carry personal belongings. In the early days, the luggage was made using wood, metal, or other heavy materials. However, the market has shown exceptional technological advancement and the luggage now comes in lightweight and durable materials. The luggage now comes with wheelbase and collapsible characteristics with a  variety of smart functions to provide ease and convenience to people during traveling.

Browse the full “Luggage Market By Type (Travel Luggage, Casual Luggage, Business Luggage, Sports Luggage, and Others) and By Distribution Channel (Specialist Retailer, Factory Outlet, Internet Sale, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/luggage-market-by-type-travel-luggage-casual-luggage-1308

The growing global tourism and travel industry are anticipated to drive the global luggage market. According to the World Tourism Organization (WTO), long-distance travel is anticipated to grow by almost 5.4% each year boosting the global luggage industry. Smart luggage with characteristics such as dustproof, durable, fireproof, crack-proof, etc. is experiencing more demand globally. Also, the expenditure on luxury luggage has increased due to increasing disposable income and casual luggage has also shown increasing demand due to ease of travel and convenience.

Based on the type of luggage, the travel luggage segment had the largest market share in the year 2019 due to an increase in the travel and tourism industry. Similarly, the casual luggage segment is anticipated to grow with a significant CAGR in the upcoming years due to the increasing demand for shoulder bags, backpacks, duffel bags, etc. by both males and females. Innovative luggage options such as collapsible luggage bags are also getting more market demand as it saves space during traveling and is more convenient.

Asia Pacific region dominated the global luggage market in 2019 due to emerging economies such as India and China and their increasing expenditure on the living standards due to growth in per capita disposable income. The increasing demand for sports and office luggage is also responsible for boosting the luggage market in the region. The increasing number of international travel and tourism industry in the region can be attributed to the growth of the market in the Asia Pacific region.

Report Scope Report Attribute Details Market Size in 2019 USD 52.7 Billion Projected Market Size in 2026 USD 75.3 Billion CAGR Growth Rate 5.2% CAGR Base Year 2019 Forecast Years 2020-2026 Key Market Players LVMH Moet Hennessy Louis Vuitton SE, VIP Industries Limited, VF Corporation, MCM Worldwide, Antler Ltd., Delsey S.A, Etienne Aigner AG, Kipling North America, Travelpro Products Inc., Adidas AG, Samsonite International SA, Nike Inc., United States Luggage Company LLC, ACE Luggage Co. Ltd, Bric`s Industria Valigeria Fine SPA, Eagle Creek Inc., JanSport Inc., Targus, Travelpro Products Inc., and Others Key Segment By Type, Distribution, and Region Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Purchase Options Request customized purchase options to meet your research needs.Explore purchase options

The Asia Pacific region is anticipated to show more than 45% market growth in the forecast period. In India, a rise of 9.5% in international travel was registered in 2018. Around 24 million Indians traveled internationally in 2018 which indicates there was a rise in the luggage market. Significant demand for branded luggage was noticed from the region.

Report Scope

Some of the key players operating in the global luggage market include

LVMH Moet Hennessy Louis Vuitton SE, VIP Industries Limited, VF Corporation, MCM Worldwide, Antler Ltd., Delsey S.A, Etienne Aigner AG, Kipling North America, Travelpro Products Inc., Adidas AG, Samsonite International SA, Nike Inc., United States Luggage Company LLC, ACE Luggage Co. Ltd, Bric`s Industria Valigeria Fine SPA, Eagle Creek Inc., JanSport Inc., Targus, Travelpro Products Inc., and others.

This report segments the luggage market as follows:

By Type Segmentation Analysis

• Travel Luggage
• Casual Luggage
• Business Luggage
• Sports Luggage
• Others

By Distribution Channel Segmentation Analysis

• Specialist Retailer
• Factory Outlet
• Internet Sale
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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