Luggage Market - Growth, Trends, and Forecasts (2023 - 2028)

The Luggage Market is Segmented by Product Type (Travel Luggage, Business Luggage, Sports Luggage, and Other Product Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Luggage Market Size

Luggage Market Summary
Study Period: 2016 -2027
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 7.68 %

Major Players

Luggage Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Luggage Market Analysis

The luggage market is projected to register a CAGR of 7.68% during the forecast period.

A boom in education opportunities abroad and increasing travel and tourism contribute to escalating luggage demand. Also, technological advancements have made them more efficient, improving the attributes of luggage products. It is estimated that the global luggage market will witness a demand for luggage-related products as a result of changing lifestyles in various developing countries. The post-pandemic situation is gradually improving, consumer spending patterns have strengthened, and the market is expected to regain its potential as the economies of developing nations improve.

It is predicted that demand for luggage-related products will increase due to an increase in urbanization and an increase in customer preference for high-end luggage that comes with technological advancements like GPS trackers, USB ports that allow recharging cell phone batteries, and Bluetooth-enabled locks. The concept of smart luggage is also characterized by improved safety standards and enhanced applications, as well as enhanced connectivity, enabling customers to track and secure their luggage while traveling. These factors are projected to boost demand for luggage-related products, thus escalating the growth of the global luggage market.

The growing convenience of online shopping has led to a significant shift in consumer preferences in the purchase of travel bags and other luggage bags through e-commerce platforms, such as Amazon and eBay. The business bags segment is gaining significant traction in the market studied due to the increasing business travel worldwide and economic improvements in developing markets.

Luggage Industry Segmentation

Luggage is the bag or container used to keep possessions when traveling. The luggage market is segmented in terms of product type, distribution channel, and geography. By product type, the market studied is segmented into travel luggage, business luggage, sports luggage, and other product types. By distribution channel, the market studied is segmented into offline retail stores and online retail stores. Offline retail stores are further classified into supermarkets/hypermarkets, specialty stores, and other offline retail stores. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Product Type
Travel Luggage
Business Luggage
Sports Luggage
Other Product Types
By Distribution Channel
Offline Retail Stores
Supermarkets and Hypermarkets
Specialty Stores
Other Offline Retail Stores
Online Retail Stores
By Geography
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Luggage Market Trends

This section covers the major market trends shaping the Luggage Market according to our research experts:

Significant Growth in the Tourism Industry

The increase 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. The tourism industry is one of the fastest-growing and most diversified industries globally. Countries such as China, the United States, South Korea, Brazil, the Netherlands, Spain, Germany, and the United Kingdom, have strong outbound tourism. Moreover, in the last few years, the spending on leisure travel by the baby boomer generation has been increasing rapidly, which, in turn, has further boosted the market's growth.

A report from the United Nations World Tourism Organization (UNWTO) indicates that international tourism continued to perform well through July 2022, with arrivals reaching 57% of pre-pandemic levels. Between January and July 2022, international tourist arrivals almost tripled (+172%) compared to the same period in 2021 as governments worldwide eased restrictions on travel, which boosted growth in tourism. Hence the demand for backpacks, travel packs, smart luggage bags, carpet bags, and duffel bags is also likely to increase in the years to come, boosting the sales of luggage bags during the forecast period.

Luggage Market : Number of Tourist Arrivals, in Million, Global, 2017-2021

Asia-Pacific Emerges as the Fastest-growing Region

In Asian countries like India, the luggage market has become highly competitive, with established brands, like VIP, competing in the market with new players, like Da Milano. Additionally, the market is set to grow due to a rise in travel and tourism activities and a surging number of business travelers, which is expected to lead to a surge in travel and business bag sales. According to the National Bureau of Statistics of China, in 2021, revenue from tourism in China amounted to roughly CNY 2.92 trillion, an increase from CNY 2.23 trillion in 2020. This indicated the rise in the number of tourists visiting China, which is increasing the demand for luggage.

Additionally, with the rise of urbanization and leisure activities, travel has expanded significantly in this region. People are becoming more inclined toward branded and fashionable travel accessories, including luggage. In recent years, luggage has evolved from a typical clothing packing medium to a more pleasant, convenient, and multi-purpose travel companion. For instance, in August 2021, Samsonite launched the EVOA Tech luggage collection. This new generation of suitcases is specifically designed to interact with its proprietors. The EVOA Tech includes a variety of security features to ensure the safety of a traveler's belongings, including a 3-in-1 Smart lock, a TSA-approved fingerprint lock that enables quick one-touch opening, an anti-theft zipper with a magnetic zipper puller, a 3-digit dial lock, and a USB port. The Asia-Pacific luggage market is increasingly engaged in the production of luggage bags, backpacks, duffel bags, laptop bags, and other various business travel bags, thus, driving the market further in the Asia-Pacific region.

Luggage Market : Market Size (%), By Region, Global, 2021

Luggage Industry Overview

The luggage market is highly competitive. The market has key players competing for the major share and small regional players catering to a small region. Some of the major players in the market are Samsonite International SA, LVMH, VIP Industries Limited, Adidas AG, and Nike Inc. The key strategies adopted by players in the market are new product launches with innovative designs, followed by mergers and acquisitions. Expansion is another strategy that gives an upper edge to manufacturers to expand their consumer base globally. Partnerships are another strategy preferred by companies to strengthen their market dominance. The major players are constantly trying to leverage their product portfolio to increase their market presence locally through this strategy.

Luggage Market Leaders

  1. Adidas AG

  2. Nike, Inc.

  3. LVMH Moët Hennessy Louis Vuitton

  4. Samsonite International S.A.

  5. DG Piramal Group (VIP Industries Limited)

*Disclaimer: Major Players sorted in no particular order

Luggage Market Concentration

Luggage Market News

  • October 2022: German luggage maker Rimowa partnered with Nike-owned digital fashion startup RTFKT to release an NFT collection and a new NFC-enabled luxury suitcase.
  • August 2022: Samsonite introduced a new line of luggage, Magnum Eco, made from yogurt cups and plastic bottles. The lining of this new line of luggage is made from plastic mineral water bottles that have been converted into the exterior of hard-side cases.
  • April 2022: VIP Industries launched its first smart connected travel gear at Metro Cash & Carry in India. It is equipped with technology that alerts users on their phones. Consumers can stay connected to the status of their luggage, spanning from its proximity and arrival updates, with a single click.

Luggage Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    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


    1. 5.1 By Product Type

      1. 5.1.1 Travel Luggage

      2. 5.1.2 Business Luggage

      3. 5.1.3 Sports Luggage

      4. 5.1.4 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline Retail Stores

        1. Supermarkets and Hypermarkets

        2. Specialty Stores

        3. Other Offline Retail Stores

      2. 5.2.2 Online Retail Stores

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Spain

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East and Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East and Africa


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 LVMH Moët Hennessy Louis Vuitton

      2. 6.3.2 Samsonite International SA

      3. 6.3.3 DG Piramal Group (VIP Industries Limited)

      4. 6.3.4 Nike Inc.

      5. 6.3.5 Adidas AG

      6. 6.3.6 VF Corporation

      7. 6.3.7 United States Luggage Company LLC

      8. 6.3.8 MCM Worldwide

      9. 6.3.9 ACE Luggage Co. Ltd

      10. 6.3.10 Etienne Aigner AG

    4. *List Not Exhaustive

**Subject to Availability
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Luggage Market Research FAQs

The Luggage Market market is studied from 2016 - 2027.

The Luggage Market is growing at a CAGR of 7.68% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Adidas AG, Nike, Inc., LVMH Moët Hennessy Louis Vuitton, Samsonite International S.A., DG Piramal Group (VIP Industries Limited) are the major companies operating in Luggage Market.

Luggage Industry Report

Statistics for the 2023 Luggage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Luggage analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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