Europe Luggage Bag Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The European luggage bag market is experiencing a dynamic evolution, influenced by shifting consumer preferences and industry requirements. As of 2025, the market's revenue stands at approximately USD 39.22 billion, with projections indicating an annual growth rate of 2.03% from 2025 to 2029, aiming for a market volume of USD 42.50 billion by 2029.
Key Market Segments:
Casual Bags: These include backpacks, duffel bags, and everyday carry items. The global luggage market has seen a significant demand for casual luggage bags, with expectations of a 7.3% compound annual growth rate (CAGR) from 2024 to 2030. Their versatility and comfort make them popular among consumers.
Travel Luggage: Comprising suitcases and trolleys, this segment caters to both leisure and business travelers. The resurgence of global travel and tourism has been a primary driver for this segment, contributing to the overall growth of the luggage market.
Business Bags: Items like briefcases and laptop bags fall under this category. With the rise in business travel and the need for professional accessories, this segment continues to hold substantial market share.
Industry Requirements and Trends:
Durability and Lightweight Materials: Consumers and industries alike demand luggage that is both durable and lightweight. The shift towards materials that offer strength without added weight is evident in recent product designs.
Design and Aesthetics: Modern travelers seek luggage that combines functionality with style. Brands are focusing on sleek designs and practical features to cater to this demand.
Technological Integration: The integration of technology, such as smart locks and tracking systems, is becoming a standard requirement, enhancing security and convenience for users.
Sustainability: Eco-friendly materials and sustainable manufacturing processes are gaining importance, reflecting a global shift towards environmental responsibility.
Market Dynamics:
The COVID-19 pandemic had a profound impact on the luggage market, leading to a significant decline in sales in 2020 due to travel restrictions and store closures. However, 2021 marked the beginning of a recovery, with sales returning to positive growth. Despite this rebound, sales are not expected to return to 2019 levels before the end of the forecast period. The ongoing recovery is influenced by factors such as the resurgence of global travel and tourism, which has been a primary driver for the luggage market's growth.
Consumer Preferences:
There's a notable debate among travelers regarding the preference for hard-shell versus soft-sided luggage. Hard-shell luggage has gained popularity due to its durability and organized design, while soft-sided bags are valued for their flexibility and ease of packing. This ongoing debate influences product offerings and innovations within the market.
Conclusion:
The European luggage bag market is on a path of steady growth, driven by evolving consumer preferences and industry innovations. As the market adapts to new challenges and opportunities, stakeholders must remain attentive to trends and demands to capitalize on the sector's potential.
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Samsonite
VIP Industries
VF Corporation
Delsey
Briggs & Riley
Rimowa
Travelpro
Tommy Hilfiger
Victorinox
Olympia
Fox Luggage
Skyway
Traveler’s Choice
ACE
Diplomat
EMINENT
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Luggage Bag Market
Hard-Shell Luggage
Soft-Shell Luggage
Hybrid Luggage
Backpacks
Travel Totes
Carry-On Luggage
Medium Checked Luggage
Large Checked Luggage
Travel Organizers
Personal Item Bags
Polycarbonate
Aluminum
Nylon
Polyester
Leather
Business Travelers
Leisure Travelers
Frequent Flyers
Adventure Travelers
Family Travelers
Economy
Mid-Range
Premium
Luxury
Discounted Models
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Luggage Bag Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Luggage Bag Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Luggage Bag Market, By Type
6. Europe Luggage Bag Market, By Application
7. Europe Luggage Bag Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Luggage Bag Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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