Luggage Bag Sales Market size was valued at USD 28.6 Billion in 2024 and is projected to reach USD 41.2 Billion by 2033, exhibiting a CAGR of 4.9% from 2026 to 2033.
The global luggage bag sales market size was valued at USD 24.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing demand for travel and tourism, along with rising disposable incomes, are driving the markets expansion. The market is segmented into hard luggage, soft luggage, and hybrid luggage, with the hard luggage segment holding the largest market share in 2022. Geographically, North America dominated the market with a revenue share of approximately 34.1%, primarily due to the high travel frequency and tourism activities in the region. The region is expected to maintain its lead due to continuous advancements in luggage design and growing consumer interest in premium products.
In terms of regional growth, the Asia Pacific market is expected to witness the highest CAGR of 6.1% from 2023 to 2030, driven by the increasing number of middle class consumers and the expanding tourism sector in countries such as China and India. Europe is also expected to experience significant growth, contributing around 25.3% to the global market share. The rising preference for luxury and durable luggage, coupled with a thriving travel and leisure industry, supports the regions growth. Additionally, the Latin American and Middle Eastern markets are gradually increasing in market share, as disposable income and travel demand rise in these regions, contributing to the global growth of the luggage bag sales market.
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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. 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 Global Luggage Bag Sales Market
Hard-Shell Luggage
Soft-Sided Luggage
Carry-On Bags
Checked Bags
Backpacks
Travel Duffels
Garment Bags
Polycarbonate
ABS Plastic
Nylon
Leather
Canvas
Aluminum
Fabric
Budget (Under $50)
Mid-Range ($50 - $150)
Premium ($150 - $300)
Luxury (Above $300)
Business Travelers
Leisure Travelers
Students
Families
Corporate Clients
Adventurers/Outdoor Enthusiasts
Online Retailers
Brick-and-Mortar Stores
Department Stores
Specialty Luggage Shops
Wholesale Distributors
Travel Retailers
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 Global Luggage Bag Sales 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. Global Luggage Bag Sales Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Luggage Bag Sales Market, By Type
6. Global Luggage Bag Sales Market, By Application
7. Global Luggage Bag Sales Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Luggage Bag Sales Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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