Travel Bags Market Report Overview:
Travel Bags Market size was valued at USD 16.85 Bn. in 2022 and the total Travel Bags revenue is expected to grow by 8.2% from 2023 to 2029, reaching nearly USD 29.17 Bn.
The Travel Bags market has been forecasted by region, type, and application, with sales and revenue. The Travel Bags market research highlights the market share, main suppliers, distributors, changing price patterns, and the raw material supply chain. The market report gives companies deep insights into the global Travel Bags industry dynamics.
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Travel Bags Market Scope and Research Methodology
The report majorly focuses on the Travel Bags market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the Travel Bags market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the Travel Bags market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the Travel Bags industry. The bottom-up approach was used to estimate the regional and global Travel Bags market size. By using Secondary research, major Travel Bags key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the Travel Bags industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.
Travel Bags Market Segmentation:
Based on the Product Types, The travel segment dominated the Travel Bags Market in the year 2022 is expected to continue its dominance during the forecast period. The travel bags market is categorized into travel, hiking or camping, and other segments. The travel segment has the largest market share due to its design, which includes several compartments and pockets to store electronic gadgets, passports, water bottles, and other items. The rise of innovation in camping/trekking backpacks, including designs, material quality, and others, has attracted many individuals and made the market competitive, further driving the market growth. The availability of smart backpacks, recreation bags, and consumer-centric designs has made it easy to organize luggage while traveling. The travel segment's growth has been driven by an increase in spending on travel and tourism goods worldwide as restrictions have eased, which saw a recovery growth rate of 21.7% in 2021. The staycation or workstation trend saw a rise in 2021 due to international travel restrictions, and most of the workforce was working from home, with the normalization of remote work leading individuals to build workstations at home.
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Travel Bags Market Key Players:
ACE CO., LTD,
DELSEY S.A
VIP INDUSTRIES LIMITED
UNITED STATES LUGGAGE COMPANY, LLC,
LVMH GROUP
SAMSONITE INTERNATIONAL S.A,
TRAVELPRO PRODUCTS, INC
TGHI, INC
KERING
RIMOWA GMBH
Travel Bags Market Regional Analysis:
The Travel Bags market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Travel Bags market in these countries.
Key Questions answered in the Travel Bags Market Report are:
- What is the expected CAGR of the Travel Bags market during the forecast?
- What is the expected Travel Bags market size during the forecast period?
- Which regional Travel Bags market is expected to hold the largest share during the forecast period?
- What are the market segments?
- Which production technology is utilized for Travel Bags?
- What trends are driving the market growth?
- Who are the global key players in the Travel Bags market?
- What is the global market status of the Travel Bags market?
- What was volume, manufacture value, price, and revenue of Travel Bags market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Recommendations
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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