Luggage Market, By Product Type, By Distribution Channel, By Price range, By Category, By Geography

Description

The luggage Market size is valued at US$ 20.93 Bn in 2024 and is expected to reach US$ 35.67 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 20.93 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	7.90%	2030/2031 Value Projection:	US$ 35.67 Bn

Global Luggage Market Share (%), By Region, 2024

Global luggage market has been witnessing steady growth over the past few years. Luggage refers to bags, suitcases or trunks that are used for carrying clothes, personal items, and other belongings while travelling. Rapid urbanization, increasing disposable incomes, and growing tourism and travel industry are some of the key factors boosting demand for luggage worldwide. Moreover, innovations in material and design focused on creating lightweight yet durable bags have augmented the popularity of new product varieties. Various types of luggage available in the market include duffle bags, suitcases, backpacks, and trolleys. Major players are introducing smart features such as USB charging ports, trackers, and digital locks to cater to the evolving needs of tech-savvy consumers. Global luggage market is expected to witness growth significantly in the near future due to rising international trade, business travel, and migration.

Market Dynamics:

Global luggage market growth is driven by factors such as rising tourism activities worldwide, rapidly growing aviation sector in emerging nations, increasing disposable incomes, and changing lifestyle and travel patterns of consumers. According to the 2021, World Tourism Organization, international tourist arrivals grew by 6% in 2017 to reach 1.3 Bn in 2022. Continued growth in tourism is expected to boost demand for suitcases, duffle bags, and other baggage over the forecast period. Further, high internet penetration and boom in e-commerce have made luggage shopping convenient for consumers, thus, promoting online sales. However, availability of low-cost counterfeit products poses a major challenge for established brands. Also, fluctuations in raw material prices affect the overall production cost of luggage manufacturers. Introduction of smart and innovative products presents lucrative opportunities. Market players are focusing on developing lightweight, durable, and technologically advanced bags.

Key Features of the Study:

This report provides in-depth analysis of the global luggage market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global luggage market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Tapestry Inc., Rimowa GmbH, Louis Vuitton Malletier, S.A., Victorinox Swiss Army, Inc., Samsonite International S.A, Coach Inc, VF Corporation, Antler Limited, Delsey S.A., Bric's Industria Valigeria Fine SpA, Etienne Aigner AG, and VIP Industries Limited.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global luggage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global luggage market.

Detailed Segmentation:

Global Luggage Market, By Product Type
- Travel Bags
- Trolley & Duffle Bags
- Lifestyle Bags
- Backpack
- Garment Bags
- Business Cases
- Briefcases
- Attache Cases
- Business Backpacks
- Others (Casual Bags, etc.)
Global Luggage Market, By Distribution Channel
- Wholesale & Specialty Stores
- Hypermarkets
- Supermarkets
- Online Stores
- Others (Factory Outlets, etc.)
Global Luggage Market, By Price Range
- Mid Range
- Low Range
- Premium Range
Global Luggage Market, By Category
- Soft-side
- Hard-side
Global Luggage Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top Companies in the Global Luggage Market
- Tapestry Inc.
- Rimowa GmbH
- Louis Vuitton Malletier, S.A.
- Victorinox Swiss Army, Inc.
- Samsonite International S.A
- Coach Inc
- VF Corporation
- Antler Limited
- Delsey S.A.
- Bric's Industria Valigeria Fine SpA
- Etienne Aigner AG
- VIP Industries Limited

Product Code: CMI1436

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Price Range
- Market Snippet, By Category
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing Tourism and Business Travel
Increase in Travel and Outings
- Restraints
Rising online counterfeits
- Opportunities
Demand for Lightweight and Durable Bags
Emergence of Online Retailing
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Luggage Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Luggage Market, By Product Type, 2019 - 2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Travel Bags
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Trolley & Duffle Bags
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Lifestyle Bags
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Backpack
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Garment Bags
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Business Cases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Briefcases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Attache Cases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Business Backpacks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Others (Casual Bags, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

6. Global Luggage Market, By Distribution Channel, 2019 - 2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Wholesale & Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Supermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Online Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Others (Factory Outlets, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

7. Global Luggage Market, By Price Range, 2019 - 2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Mid Range
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Low Range
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Premium Range
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

8. Global Luggage Market, By Category, 2019 - 2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Soft-side
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Hard-side
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

9. Global Luggage Market, By Region, 2019- 2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, By Region, 2019 - 2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Range, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Range, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Range, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Range, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
Brazil
Argentina
Mexico
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Price Range, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019- 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East

10. Competitive Landscape

Company Profiles
- Tapestry Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Rimowa GmbH
- Louis Vuitton Malletier, S.A
- Victorinox Swiss Army, Inc
- Samsonite International S.A
- Coach Inc.
- VF Corporation
- Antler Limited
- Delsey S.A
- Bric's Industria Valigeria Fine SpA
- Etienne Aigner AG
- VIP Industries Limited

11. Section

References
Research Methodology
About us
- Browse 48 market data tables* and 36 figures* on Global Luggage Market" - Global forecast to 2031.