Luggage Market

Luggage Market By Product (Travel Bags, Casual Bags, Business Bags), By Size (Small, Medium, Large), By Price Range (Low, Medium, Premium), By Material (Soft Luggage, Hard Luggage), By Sales Channel (Hypermarket / Supermarket, Specialty Retailers, Discount Stores, Exclusive Stores, Independent Small Retailers, Online Retailers, and Others), By Region - Global Market Report (2024 to 2034)

Analysis of Luggage Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Luggage Market Outlook (2024 to 2034)

The global luggage market is anticipated to be worth US$ 57,480.5 million in 2024. Through 2034, projections show a consistent growth rate of 5.3%. By 2034, the market is expected to reach a remarkable size of US$ 96,290.7 million. Several variables, one of which is the expanding tourism sector, support the business growth.

The adaptability of luggage contributes to its increasing demand in travel and packing operations. Furthermore, the growing recognition of the importance of luggage in several industries is increasing its use worldwide. The projected CAGR illustrates the market's continuous vigor, with technical improvements, rising end-use sectors, and increased research and development efforts all contributing to this upbeat in the coming years.

Key Market Growth Drivers

  • The luggage industry has transformed significantly, transitioning from traditional suitcases to intelligent trolley bags, with automation revolutionizing travel by producing bright bags capable of more than just carrying belongings.
  • Gen Z, or younger generations, appreciates travel and tourism because of its sophisticated features and simplicity of use, viewing luggage as a necessity and smart luggage as a luxury item.
  • Fashion trends, color and design variations, and product durability developments influence customer choices in the worldwide luggage industry. Manufacturers and merchants innovate to satisfy market expectations, putting style and durability first.
  • E-commerce platforms, social media marketing, celebrity endorsements, and automated technology integration are driving development in the luggage sector. These variables promote demand for new, high-quality products by improving ease, accessibility, and usefulness and influencing customer purchasing decisions.

Import and export restrictions, shuttered production facilities, reduced retail shop footprints, and low travel demand all impact the worldwide luggage industry. During the COVID era, the market benefited from moving from offline to online channels.

Travelers prefer versatile luggage, which drives up demand for folding and convertible carriers. Innovative product introductions, as well as lightweight suitcases and trollies, contribute to luggage market growth.

Report Attributes Details
Estimated Market Value (2024) US$ 57,480.5 million
Forecasted Market Value (2034) US$ 96,290.7 million
Global Market Growth Rate (2024 to 2034) 5.3%CAGR
Hard Luggage Segment Growth Rate (2024 to 2034) 5.8%
North America Market Share (2024) 25.7%
East Asia Market Share (2024) 23.1%
Key Companies Profiled
  • Delsey S.A.
  • Samsonite International S.A.
  • VIP Industries Ltd.
  • LVMH Moët Hennessy Louis Vuitton SE
  • NIKE, Inc.
  • Ace Co., Ltd.
  • Briggs & Riley Travelware
  • VF Corporation
  • MCM Worldwide
  • Antler Ltd.
  • V.F. Corporation
  • Etienne Aigner AG
  • Barracuda, Inc.
  • Rimowa GmbH

Don't Need a Global Report?

save 40%! on Country & Region specific reports

Which Factors Have Driven the Global Surge in Luggage Demand?

“Expansion in the Workforce and an Upsurge in Travel and Tourism Drive the Market”

The demand for business bags, such as briefcases, backpacks, weekenders, and laptop bags, is anticipated to climb dramatically due to the growing workforce, especially in the corporate and professional sectors, as professionals travel more frequently for conferences, meetings, and client visits. Business travelers may require specifically constructed luggage, such as a briefcase or rolling suitcase, to transport work-related materials. Consequently, there is a rising need for bags, especially for travel, due to the rise in business travel.

The demand for luggage bags drives the expansion of the travel and tourism industry, a dynamic and varied worldwide sector. China, the United States, South Korea, the United Kingdom, and the United Arab Emirates rely heavily on outbound tourism. Furthermore, expenditure on leisure travel by the baby boomer generation has expanded dramatically in recent years, contributing to the market's expansion.

“Technological Advancements in Smart Luggage Drives the Industry”

The key players in the luggage industry are interested in introducing new technology for luggage bags and setting a new trend.

Smart Luggage is a new-generation luggage product that combines bag characteristics with technological features, making it easier for consumers to use. People love battery-powered luggage because it allows them to charge their iPhones via the USB ports. Furthermore, shifting customer tastes toward multi-color and texture packs opens up new prospects for bag producers.

Market players create colorful luggage bags for various uses, including business travel, tour travel, trekking, hiking, and so on, to satisfy customer demand. People frequently utilize luggage with digital locking systems, such as pattern, pin, and password locks, and a remote locking capability to reduce the risk of losing valuables from the bag.

The incorporation of technological elements such as IoT and Bluetooth connectivity to smartphones, GPS tracking, and other features into the design of such devices has increased customer demand for smart luggage.

Which Factors Present Challenges to the Expansion of the Luggage Market?

“The Unorganized Luggage Industry Leads to a Global Downturn, Threatening Players in Developing Nations.”

The luggage market in numerous developing nations is facing a significant challenge due to disorganization, which severely threatens several established companies. These unorganized market players offer products identical to those of international unorganized market participants, with lower-quality goods being produced to reduce costs on research and development, premium raw materials, branding, and marketing.

Furthermore, several buyers in this market have middle-class or lower-class salaries and prefer to buy less-quality items, leading to a loss of potential customers for organized market enterprises. In contrast, unorganized market players continue to expand. As a result, a slowdown in the global luggage sector is anticipated in the upcoming decade.

Global pandemic stalled the worldwide luggage industry”

The COVID-19 pandemic had a negative influence on the market. The primary reason for the global reduction in luggage sales is the significant downturn in the travel and tourism industry during the pandemic. The country's strict implementation of lockdowns tailored to each country and its complete ban on international travel inside its borders impeded the market's growth caused by the novel coronavirus.

The global market faces limited import and export challenges, closed production facilities, smaller storefronts, and decreased luggage demand. Customers shifting from traditional channels to online portals during the pandemic positively impacted the luggage industry. The industry is expected to recover and dominate the market as conditions improve.

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

What Strategies Can Start-ups Employ to Capitalize on Luggage Business Opportunities?

“Taking Advantage of Organic Business Strategies Creates Feasible Possibilities for Startup Success"

Startups in the luggage sector must use innovative ideas, efficient execution, and strategic planning to succeed. Essential elements include evaluating competitors, doing in-depth market research, and incorporating cutting-edge features, designs, and materials. Prioritizing longevity and quality can result in favorable word-of-mouth and a devoted clientele. Enhancing client happiness requires a solid online presence, social media marketing, and customization possibilities.

Obtaining a competitive advantage requires investigating various distribution avenues, offering outstanding customer support, and considering environmentally friendly production and packaging methods. Maintaining a solid brand, collaborating with travel-related companies, and staying current with industry changes are also essential. Lastly, upholding rules and guidelines is critical to preserving goodwill and averting legal problems. By integrating these tactics and customization to the particular market and company framework, entrepreneurs may capitalize on prospects in the luggage market.

Startups in the luggage industry may positively affect the environment and establish themselves as ethical and responsible companies by incorporating sustainability into their operations. This dual dedication draws in eco-aware customers and creates opportunities for collaboration with other like-minded companies, securing the startups' place as significant players in the sustainable future of the luggage sector.

Country-wise Insights

The luggage industry in North America is expected to develop at an astounding CAGR of 5.5% through 2034. The increasing demand for luggage in developed nations, particularly the United States and Canada, is the leading reason for the increase. The United States will lead the luggage sector with an anticipated 68.5% market share in 2024. Meanwhile, significant growth is expected in the East Asian luggage market, which is projected to reach a 5.9% CAGR in 2024. China takes the lead in the East Asian luggage industry, accounting for 63.5% of the market share in 2024.

Which Factors Position China as a Thriving Market for Luggage Producers?

“Affordable Production Expenses and Progressive Tourism Skyrockets Chinese Luggage Industry”

The East Asian market is likely to be valued at US$ 13,278.0 million in 2024, accounting for 23.1% of total revenue, and is expected to grow at 5.9% through 2034.

In 2024, the luggage market in China is projected to be valued at US$ 8,431.5 million, accounting for 63.5% of total industry revenue. China's luggage market is expected to evolve at a CAGR of 6.3% until 2034. China is a market leader for luggage manufacturers since it provides several advantages that support the country's developing economy. With over US$ 200 million in outbound travel, China led the world, followed by the United States market. Furthermore, historically, these two markets have contributed directly to the GDP of the country.

The market is expanding due to two key factors: China's increasing urbanization and the expanding tourist industry. Customers are also more prepared to shell out cash for upscale and expensive travel accessories to keep up with the rapidly evolving trends. Product improvements, such as introducing creative and visually beautiful designs and eco-friendly substitutes, also contribute to the business's favorable image.

One factor contributing to the ongoing demand for luggage is the sheer size of China's population. The nation needs luggage for various sectors due to its large customer base. China is an essential location for manufacturers seeking long-term growth and market stability because its enormous market size guarantees a steady demand for luggage.

Why is the United States Dominating the Global Luggage Market?

“The United States Luggage Industry Sets the Standard with Cutting-edge Advancements”

The luggage market in the United States is predicted to reach roughly US$ 10,119.2 million in 2024, with branded luggage accounting for 68.5% of the global market. From 2024 to 2034, the industry is expected to record a growth rate of 5.3%.

The rise in travel and social events has resulted in a notable surge in revenues for the retail sector. Superstores and brand stores, on the other hand, are expected to see a fall as a result of shifting customer tastes and the growth of online shopping platforms, which provide convenience, affordable prices, and a more comprehensive selection of products.

The rise in disposable income, e-commerce penetration, and brand recognition have all contributed to the luggage industry's transformation from an unorganized to a more organized business. Customers are prepared to spend money on sturdy, high-quality luggage if they travel frequently. Customers can now more easily study and buy luggage online thanks to e-commerce, which has increased competition and put pressure on manufacturers. Changes in travel habits, such as solo travel, numerous trips, weekend excursions, and foreign travel, have also brought about shorter replacement cycles in the industry.

Customers are becoming more conscious of the value of ethical and environmental production methods. The luggage industry is heading toward consolidation and future market shaping due to increased pressure on companies to be open and honest about their business practices and to provide goods that live up to these expectations.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category-wise Insights

According to the product type, the casual bags segment is expected to account for 55.7% of the market in 2024. Simultaneously, the travel bag category is expected to achieve a considerable 31.5% share, greatly adding to the market's resource diversity and flexibility.

The soft material luggage category dominates the luggage business in terms of material type, accounting for 62.3% of the market in 2024. This highlights the importance of luggage in rigid packaging, particularly for lightweight travel, as well as its vast and vital uses in the tourist industry.

Why Casual Bags Reign as the Preferred Product for Luggage by Travelers?

"Travelers Prefer Adaptability of Casual Bags for Lightweight Traveling"

The casual bags category is expected to account for 55.7% of the market in 2024. The adoption of casual bags as a default product is anticipated to grow at a 5.5% CAGR through 2034. The worldwide carry-on bag market is seeing a boom in demand, primarily due to the rapidly expanding travel and tourism industries. As more people travel, small and easy luggage alternatives become increasingly important. Furthermore, the industry is being spurred by engaging world-class athletes as brand advocates for manufacturers' bags. This tendency has contributed to the segment's market growth and raised awareness of the advantages of utilizing high-quality carry-on bags for travel.

As the popularity of casual bags continues to grow, so does the demand for business cases. Consumers now have a vast choice of casual bags to pick from, each with its own set of materials, stitching patterns, and levels of durability, all of which are meant to create both a professional and casual image. As a result, the global market for business cases has seen increased demand.

Why Luggage Industry Experience a Surge in Soft Luggage Demand?

“Advancement in Travelling Hikes the Demand for Soft Luggage”

The adoption of soft material Luggage is anticipated to rise at a CAGR of 5.0% through 2034. The surging demand for soft luggage in the luggage industry can be attributed to several pivotal factors. The demand for soft luggage is anticipated to advance significantly in the subsequent decade due to new technologies and affordable air travel. The global luggage industry is evolving to meet travelers' needs with compact, lightweight, and trendy designs. Advancements in materials and manufacturing techniques enable manufacturers to produce stylish, durable, and functional soft bags, making them a popular choice for modern travelers.

The travel and tourism industry is experiencing instantaneous development, resulting in increased luggage demand. This growth is fueled by population migration and rising disposable incomes, allowing more people to travel frequently, indicating a significant growth in the luggage market.

During the projected period, several key trends are expected to emerge in the luggage market, including the growing popularity of affordable luggage options, increased demand for comfortable and ergonomic designs, and a surge in the need for luggage replacement due to wear and tear. These trends are creating new growth potential for market participants, which is expected to drive the market's growth for the foreseeable future. The market for luggage is expected to grow due to the rising demand for soft materials like polyester and nylon, which are gaining popularity due to their lightweight, durable, and flexible properties. This trend will drive growth over the next decade as consumers seek practical and stylish options.

Competitive Landscape

The luggage industry is supported by essential players who wield substantial influence and play a crucial part in the expanding travel and tourist industry; the increase in the migrating population and increased disposable income fuel the growth pace. Delsey S.A., Samsonite International S.A., VIP Industries Ltd., LVMH Mot Hennessy Louis Vuitton SE, NIKE, Inc., Ace Co., Ltd., Briggs & Riley Travelware, VF Corporation, MCM Worldwide, Antler Ltd., V.F Corporation, Etienne Aigner AG, Barracuda, Inc., and Rimowa GmbH are the leading players in the luggage industry. As the worldwide luggage market prepares for significant development, fuelled by rising demand from these critical industries, the competitive landscape is being shaped by several relevant factors.

The luggage industry is highly fragmented, with several global and regional firms. Manufacturing firms use various marketing methods to increase visibility, including extending distribution channels, improving the supply chain, and mergers and acquisitions. The top players are investing more in social media marketing, promotional efforts, and advertising campaigns to expand their global geographic reach.

  • In December 2023, LEVEL8 Luggage expands its product selection with the new Festive Collection, which includes the Luminous Textured Carry-On 20" and the graceful Voyageur Check-in 28".
  • In November 2023, The Bluesmart Series 4 Luggage was released with an inbuilt eSIM for accessing global connectivity and face recognition.

Segmentation of Luggage Market Research

  • By Product Type:

    • Travel Bags
    • Casual Bags
    • Business Bags
  • By Size:

    • Small
    • Medium
    • Large
  • By Price Range:

    • Low
    • Medium
    • Premium
  • By Material Type:

    • Soft Luggage
    • Hard Luggage
  • By Sales Channel:

    • Hypermarket / Supermarket
    • Specialty Retailers
    • Discount Stores
    • Exclusive Stores
    • Independent Small Retailers
    • Online Retailers
    • Others
  • By Region:

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • The Middle East & Africa

- FAQs -

What was the Value of the Luggage Market in 2019?

The global luggage market was worth US$ 42,558.2 million in 2019.

What is the Sales Outlook for Luggage in 2024?

The sales outlook for luggage is likely to be valued at US$ 57,480.5 million in 2024.

What is the Demand Forecast for Luggage for the Decade?

Demand for luggage is projected to reach a market value of US$ 96,290.7 million by the end of 2034.

What is the Adoption Growth Projection for Luggage?

Adoption of luggage is projected to rise at a CAGR of 5.3% through 2034.

At What Rate Is the Market in North America Predicted to Grow?

The market for luggage in North America is forecast to expand at a CAGR of 5.5% through 2034.

- Also of Interest -

U.S and Canada Travel Market

U.S and Canada Travel Market Analysis By Type (Luxury Travel, Business Travel, Cruise Travel, Budget Travel and Specialty/Activity/Sports Travel) By Age Group (U.S and Canada Travel for Millennials, Travel Generation X & Baby Boomers) By Country – Global Market Insights 2022 to 2032

Travel Insurance Market

Travel Insurance Market Analysis, By Coverage Type (Single Trip, Annual/Multiple Trips), By End-use Application (Individuals, Groups), By Trip Type (Domestic, International), and Region - Global Market Insights 2023 to 2033

Travel Technologies Market

Travel Technology Market Analysis By Product (Global Distribution System (GDS), Airline & Hospitality IT Solutions), By Application (Travel Industry, Tourism Industry, Hospitality Industry), & Region - Global Market Insights 2023 to 2033

Sports Luggage Market

Sports Luggage Market Analysis By Sport (Golf, Ball Sports, Racket Sports, Hockey, Cricket), By Distribution Channel (Online, Offline) and By Region - Global Market Insights 2023 to 2033

Luggage Market

Schedule a Call