Luggage Straps Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.75 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
As we transition into 2023 and beyond, the Luggage Straps Market is expected to see a new wave of demand fueled by recovering travel activities and evolving consumer preferences. Projections suggest that by 2023, the market will witness robust growth driven by both business and leisure travel resuming at full capacity. Travelers increasingly prioritize convenience, durability, and design in their luggage accessories, and this will continue to shape the future of luggage straps. As travel behaviors shift, luggage straps are being designed not only for functionality but also for style, with customizable colors and patterns becoming more common. Moreover, the rise of eco-conscious travelers is pushing manufacturers to develop sustainable and recyclable products, adding another layer to the evolving landscape of luggage straps.
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The Luggage Straps Market has experienced significant shifts between 2018 and 2022, driven by changing consumer preferences, technological advancements, and growing travel demand. During this period, there was a notable increase in the adoption of durable and adjustable luggage straps that provide enhanced security for travelers. This trend was fueled by the rise of international tourism and the growing concerns over luggage safety. Additionally, luggage straps equipped with features such as RFID protection and smart lock systems gained traction, reflecting a heightened interest in tech-integrated travel accessories. Despite these innovations, the overall growth of the market faced challenges like fluctuations in travel volumes due to geopolitical events and the global pandemic.
Samsonite
SwissGear
MAGARROW
BlueCosto
Zinz
Travelon
Travelkin
Unique Bargains
Uxcell
NUOLUX
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 Global Luggage Straps Market
Rolling Luggages
Suitcases and Bags
Based on Types the Market is categorized into Below types that held the largest Luggage Straps market share In 2023.
Ordinary Type
TSA Approved Type
Global (United States, Global 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 Straps 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 Straps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Luggage Straps Market, By Type
6. Global Luggage Straps Market, By Application
7. Global Luggage Straps Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Luggage Straps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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