Luggage Market By Type (Casual Luggage, Travel Luggage, Business Luggage, Sports Luggage, Others), By Form (Traditional Luggage, Smart Luggage), By Material Type (Hard Luggage, Soft Luggage, Hybrid Luggage), By Distribution Channel (Offline Channel, Online Channel): Global Opportunity Analysis and Industry Forecast, 2024-2035
The global luggage market was valued at $38.8 billion in 2023, and is projected to reach $101 billion by 2035, registering a CAGR of 8.3% from 2024 to 2035.
Luggage refers to containers, bags, or cases designed for transporting personal belongings during travel. It consists of a diverse range of items such as suitcases, backpacks, duffel bags, and briefcases, varying in size, shape, and functionality to accommodate different travel needs. Luggage serves the practical purpose of storing and organizing clothing, toiletries, electronics, and other essentials, which ensures convenience and comfort for travelers. The use of luggage bags extends across various modes of travel, including air, rail, road, and sea, catering to both leisure and business travelers worldwide.
The rapid spread of globalization across geographical boundaries and the middle-class population increases the demand for luggage market is expected to grow. Moreover, the rise in disposable income among consumers, especially in emerging economies, fuels the inclination to travel for leisure and business purposes. Technological advancements have also significantly impacted the luggage market, with innovations such as smart luggage incorporating features such as GPS tracking, USB charging ports, and built-in scales. Furthermore, the evolving preferences of travelers toward lightweight, durable, and ergonomic luggage solutions stimulate manufacturers to invest in research and development to meet these demands.
There are number of market growth opportunities within the global luggage market, especially with the surge in e-commerce platforms providing a convenient channel for consumers to access a wide array of products. The digitalization of shopping experiences facilitates easy comparison, customization, and purchasing, thus expanding the reach of luggage manufacturers beyond traditional brick-and-mortar stores. In addition, the growth of emphasis on sustainable practices and eco-friendly materials presents a significant opportunity for companies to innovate and offer environmentally conscious luggage options. The trend aligns with the increase in awareness among consumers regarding the environmental impact of their purchasing decisions, thereby creating a niche market for sustainable luggage solutions. Furthermore, the rise of adventure tourism and experiential travel opens avenues for specialized luggage catering to specific needs such as hiking, camping, or sports-related activities. By capitalizing on these drivers and opportunities, stakeholders within the global luggage market can navigate the evolving landscape and carve out a competitive edge in this dynamic industry.
The luggage market is segmented into type, form, material type, distribution channel, and region. By type, the market is categorized into casual luggage, travel luggage, business luggage, sports luggage, and others. By form, it is bifurcated into traditional luggage and smart luggage. By material type, it is categorized into hard luggage, soft luggage, and hybrid luggage. By distribution channel, the market is divided into offline and online. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, rest of LAMEA).
The key players operating in the luggage industry include Ace Co.,Ltd., Adidas AG, LVMH, Nike Inc., Samsonite International S.A, Travelpro Products, Inc., VF Corporation, Victorinox, VIP Industries Limited, and United States Luggage Company LLC.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luggage market analysis from 2023 to 2035 to identify the prevailing luggage market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the luggage market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global luggage market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Casual Luggage
Travel Luggage
Business Luggage
Sports Luggage
Others
By Form
Traditional Luggage
Smart Luggage
By Distribution Channel
Offline Channel
Online Channel
By Material Type
Hybrid Luggage
Hard Luggage
Soft Luggage
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market Players
LVMH
VF Corporation
Adidas AG
Samsonite International SA
ACE Co., Ltd.
Nike Inc.
Travelpro Products, Inc.
Victorinox
VIP Industries Limited
United States Luggage Company, LLC.
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- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. High threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in international tourism
- 3.4.1.2. Advancements in luggage design and materials
- 3.4.1.3. Rise in omnichannel retailing
- 3.4.2. Restraints
- 3.4.2.1. High presence of counterfeit products
- 3.4.3. Opportunities
- 3.4.3.1. Increase in demand for smart luggage options
- 3.4.3.2. Rise in spending on premium and luxury luggage
- 3.5. Value Chain Analysis
- CHAPTER 4: LUGGAGE MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Casual Luggage
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Travel Luggage
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Business Luggage
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Sports Luggage
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- CHAPTER 5: LUGGAGE MARKET, BY FORM
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Traditional Luggage
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Smart Luggage
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- CHAPTER 6: LUGGAGE MARKET, BY MATERIAL TYPE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Hard Luggage
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Soft Luggage
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Hybrid Luggage
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- CHAPTER 7: LUGGAGE MARKET, BY DISTRIBUTION CHANNEL
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Offline Channel
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Online Channel
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- CHAPTER 8: LUGGAGE MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Form
- 8.2.4. Market size and forecast, by Material Type
- 8.2.5. Market size and forecast, by Distribution Channel
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Type
- 8.2.6.1.2. Market size and forecast, by Form
- 8.2.6.1.3. Market size and forecast, by Material Type
- 8.2.6.1.4. Market size and forecast, by Distribution Channel
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Type
- 8.2.6.2.2. Market size and forecast, by Form
- 8.2.6.2.3. Market size and forecast, by Material Type
- 8.2.6.2.4. Market size and forecast, by Distribution Channel
- 8.2.6.3. Mexico
- 8.2.6.3.1. Market size and forecast, by Type
- 8.2.6.3.2. Market size and forecast, by Form
- 8.2.6.3.3. Market size and forecast, by Material Type
- 8.2.6.3.4. Market size and forecast, by Distribution Channel
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Form
- 8.3.4. Market size and forecast, by Material Type
- 8.3.5. Market size and forecast, by Distribution Channel
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Market size and forecast, by Type
- 8.3.6.1.2. Market size and forecast, by Form
- 8.3.6.1.3. Market size and forecast, by Material Type
- 8.3.6.1.4. Market size and forecast, by Distribution Channel
- 8.3.6.2. France
- 8.3.6.2.1. Market size and forecast, by Type
- 8.3.6.2.2. Market size and forecast, by Form
- 8.3.6.2.3. Market size and forecast, by Material Type
- 8.3.6.2.4. Market size and forecast, by Distribution Channel
- 8.3.6.3. Germany
- 8.3.6.3.1. Market size and forecast, by Type
- 8.3.6.3.2. Market size and forecast, by Form
- 8.3.6.3.3. Market size and forecast, by Material Type
- 8.3.6.3.4. Market size and forecast, by Distribution Channel
- 8.3.6.4. Italy
- 8.3.6.4.1. Market size and forecast, by Type
- 8.3.6.4.2. Market size and forecast, by Form
- 8.3.6.4.3. Market size and forecast, by Material Type
- 8.3.6.4.4. Market size and forecast, by Distribution Channel
- 8.3.6.5. Spain
- 8.3.6.5.1. Market size and forecast, by Type
- 8.3.6.5.2. Market size and forecast, by Form
- 8.3.6.5.3. Market size and forecast, by Material Type
- 8.3.6.5.4. Market size and forecast, by Distribution Channel
- 8.3.6.6. Russia
- 8.3.6.6.1. Market size and forecast, by Type
- 8.3.6.6.2. Market size and forecast, by Form
- 8.3.6.6.3. Market size and forecast, by Material Type
- 8.3.6.6.4. Market size and forecast, by Distribution Channel
- 8.3.6.7. Rest of Europe
- 8.3.6.7.1. Market size and forecast, by Type
- 8.3.6.7.2. Market size and forecast, by Form
- 8.3.6.7.3. Market size and forecast, by Material Type
- 8.3.6.7.4. Market size and forecast, by Distribution Channel
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Form
- 8.4.4. Market size and forecast, by Material Type
- 8.4.5. Market size and forecast, by Distribution Channel
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Type
- 8.4.6.1.2. Market size and forecast, by Form
- 8.4.6.1.3. Market size and forecast, by Material Type
- 8.4.6.1.4. Market size and forecast, by Distribution Channel
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Type
- 8.4.6.2.2. Market size and forecast, by Form
- 8.4.6.2.3. Market size and forecast, by Material Type
- 8.4.6.2.4. Market size and forecast, by Distribution Channel
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Type
- 8.4.6.3.2. Market size and forecast, by Form
- 8.4.6.3.3. Market size and forecast, by Material Type
- 8.4.6.3.4. Market size and forecast, by Distribution Channel
- 8.4.6.4. Australia
- 8.4.6.4.1. Market size and forecast, by Type
- 8.4.6.4.2. Market size and forecast, by Form
- 8.4.6.4.3. Market size and forecast, by Material Type
- 8.4.6.4.4. Market size and forecast, by Distribution Channel
- 8.4.6.5. South Korea
- 8.4.6.5.1. Market size and forecast, by Type
- 8.4.6.5.2. Market size and forecast, by Form
- 8.4.6.5.3. Market size and forecast, by Material Type
- 8.4.6.5.4. Market size and forecast, by Distribution Channel
- 8.4.6.6. Thailand
- 8.4.6.6.1. Market size and forecast, by Type
- 8.4.6.6.2. Market size and forecast, by Form
- 8.4.6.6.3. Market size and forecast, by Material Type
- 8.4.6.6.4. Market size and forecast, by Distribution Channel
- 8.4.6.7. Malaysia
- 8.4.6.7.1. Market size and forecast, by Type
- 8.4.6.7.2. Market size and forecast, by Form
- 8.4.6.7.3. Market size and forecast, by Material Type
- 8.4.6.7.4. Market size and forecast, by Distribution Channel
- 8.4.6.8. Indonesia
- 8.4.6.8.1. Market size and forecast, by Type
- 8.4.6.8.2. Market size and forecast, by Form
- 8.4.6.8.3. Market size and forecast, by Material Type
- 8.4.6.8.4. Market size and forecast, by Distribution Channel
- 8.4.6.9. Rest of Asia-Pacific
- 8.4.6.9.1. Market size and forecast, by Type
- 8.4.6.9.2. Market size and forecast, by Form
- 8.4.6.9.3. Market size and forecast, by Material Type
- 8.4.6.9.4. Market size and forecast, by Distribution Channel
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Form
- 8.5.4. Market size and forecast, by Material Type
- 8.5.5. Market size and forecast, by Distribution Channel
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Brazil
- 8.5.6.1.1. Market size and forecast, by Type
- 8.5.6.1.2. Market size and forecast, by Form
- 8.5.6.1.3. Market size and forecast, by Material Type
- 8.5.6.1.4. Market size and forecast, by Distribution Channel
- 8.5.6.2. South Africa,
- 8.5.6.2.1. Market size and forecast, by Type
- 8.5.6.2.2. Market size and forecast, by Form
- 8.5.6.2.3. Market size and forecast, by Material Type
- 8.5.6.2.4. Market size and forecast, by Distribution Channel
- 8.5.6.3. Saudi Arabia
- 8.5.6.3.1. Market size and forecast, by Type
- 8.5.6.3.2. Market size and forecast, by Form
- 8.5.6.3.3. Market size and forecast, by Material Type
- 8.5.6.3.4. Market size and forecast, by Distribution Channel
- 8.5.6.4. UAE
- 8.5.6.4.1. Market size and forecast, by Type
- 8.5.6.4.2. Market size and forecast, by Form
- 8.5.6.4.3. Market size and forecast, by Material Type
- 8.5.6.4.4. Market size and forecast, by Distribution Channel
- 8.5.6.5. Argentina
- 8.5.6.5.1. Market size and forecast, by Type
- 8.5.6.5.2. Market size and forecast, by Form
- 8.5.6.5.3. Market size and forecast, by Material Type
- 8.5.6.5.4. Market size and forecast, by Distribution Channel
- 8.5.6.6. Rest of LAMEA
- 8.5.6.6.1. Market size and forecast, by Type
- 8.5.6.6.2. Market size and forecast, by Form
- 8.5.6.6.3. Market size and forecast, by Material Type
- 8.5.6.6.4. Market size and forecast, by Distribution Channel
- CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product mapping of top 10 player
- 9.4. Competitive dashboard
- 9.5. Competitive heatmap
- 9.6. Top player positioning, 2023
- CHAPTER 10: COMPANY PROFILES
- 10.1. Nike Inc.
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.2. LVMH
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
- 10.3. Samsonite International SA
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
- 10.4. VF Corporation
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
- 10.5. ACE Co., Ltd.
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.6. Travelpro Products, Inc.
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.7. Victorinox
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Key strategic moves and developments
- 10.8. Adidas AG
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
- 10.9. VIP Industries Limited
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
- 10.10. United States Luggage Company, LLC.
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
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