Luggage Market - Growth, Trends, and Forecast (2020 - 2025)

Global Luggage market is segmented by Product type (Travel Luggage, Casual Luggage, Business Luggage, Sports Luggage, and Other Product Types), Distribution Channel (Offline Retail and Online Retail ), and Geography.

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

7.3 %

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Market Overview

The global luggage market is projected to grow at a CAGR of 7.3% during the forecast period.

  • The market is moderately fragmented in nature, with the presence of a large number of regional and international manufacturers of key products, such as duffle bags, trolley bags, and backpacks.
  • Change in lifestyle, increasing travel and tourism, customer inclination toward high-end luggage, owing to rising preferences for premium luggage are likely to positively impact the growth of the market during the forecast period.

Scope of the Report

The scope of the market includes travel luggage, casual luggage, business luggage, sports luggage, and other product types by product type. By distribution channel, the market is categorized as offline retail and online retail. 

By Product Type
Travel Luggage
Casual Luggage
Business Luggage
Sports Luggage
Other Product Types
By Distribution Channel
Offine Retail
Online Retail
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Colombia
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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Key Market Trends

Significant Growth In Tourism Industry

The growth in the demand for luggage bags is directly proportional to the growing travel and tourism industry. Over the past few years, the global travel and tourism industry has witnessed significant growth reaching 1341 million arrivals in 2017. Currently, the tourism industry is one of the fastest-growing and most diversified sectors globally, which results in good business, trade, employment, developing infrastructure, and stimulating the social development of different communities.

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Asia-Pacific is the Fastest Growing Regions

The Indian luggage market has become highly competitive, with established brands like VIP competing in the market with new players like Da Milano. The growth in the market is set to increase due to a rise in travel and tourism activities and a surging number of business travelers, which has led to a surge in the sales of travel and business bags. Close to 23.94 million Indians have travelled abroad in 2018, which has been a rise of 9.5% as compared to the previous year. This indicates a rise in demand for luggage. The Indian luggage industry is engaged in the production of luggage bags, backpacks, duffel bags, laptop bags, and other various business travelling bags. There has been a significant effect on the demand for branded luggage products due to the implementation of GST in India.

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Competitive Landscape

The luggage market is highly competitive. The market has key players competing for major market share and small regional players catering to a small region to capture the market share. The key strategies adopted by the players in the market are new product launches with innovative designs followed by mergers and acquisitions.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables & Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Travel Luggage

      2. 5.1.2 Casual Luggage

      3. 5.1.3 Business Luggage

      4. 5.1.4 Sports Luggage

      5. 5.1.5 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offine Retail

      2. 5.2.2 Online Retail

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Colombia

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Adidas AG

      2. 6.4.2 LVMH Moet Hennessy Louis Vuitton SE

      3. 6.4.3 Samsonite International SA

      4. 6.4.4 VIP Industries Limited

      5. 6.4.5 Nike Inc.

      6. 6.4.6 VF Corporation

      7. 6.4.7 United States Luggage Company LLC

      8. 6.4.8 MCM Worldwide

      9. 6.4.9 ACE Luggage Co. Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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