Travel Accessories Market By Type (Travel Bags, Electronic Accessories, Travel Pillow and Blanket, Toiletries, Others), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Factory Outlets, Online Stores, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global travel accessories market size was valued at $48,225.1 million in 2021 and is estimated to reach $95,711.3 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
Travel accessories include, travel bags, travel pillows and blankets, toiletries, portable internet devices, e-readers, power banks, travel-sized wireless routers, plug adaptors, and others. These products are intentionally bought and carried while having long and short journey. The travel accessories market demand is increasing in developed countries, including Japan, the U.S., Spain, and others on account of the rise in air passenger traffic domestically and the growing trend of family trips over weekends, driven by increased disposable incomes.
Asia-Pacific is the largest and one of the fastest growing region for the travel accessories market owing to presence of large number of millennial supported by increased disposable income supplemented by expanding infrastructure have resulted in large market share of the outbound travelers from the Asia-Pacific region. Thus, increase in the number of outbound travelers generates more demand for travel accessories.
Growing adoption for the virtual meeting software for business meeting and events and rise in popularity for the virtual tourism concepts are likely to decrease the number of travel trips per person per year, which is estimated to decrease the utility of the travel accessories during the forecast period.
The travel accessories market is segmented into type, distribution channel, and region. On the basis of type, the market is categorized into travel bags, electronic accessories, travel pillow and blanket, toiletries, and others. On the basis of distribution channel, it is bifurcated into supermarkets/hypermarkets, specialty stores, factory outlets, online stores, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
The major players operating in the market are ACE Co., Ltd., Adidas AG, LVMH Group, Magellan's, Nike Inc., Sungjoo Group, Travel Blue Ltd, United States Luggage Company, LLC., VF Corporation, and VIP Industries Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the travel accessories market analysis from 2021 to 2031 to identify the prevailing travel accessories 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 travel accessories 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 travel accessories market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Factory Outlets
Online Stores
Others
By Type
Travel Pillow and Blanket
Toiletries
Others
Travel Bags
Electronic Accessories
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ACE Co., Ltd.
Adidas AG
LVMH Group
Magellan's
Nike Inc.
Sungjoo Group
Travel Blue Ltd
United States Luggage Company, LLC.
VF Corporation
VIP Industries Ltd.
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