Global Luggage (Casual, Business, Travel) Market Outlook, 2027

Global Luggage (Casual, Business, Travel) Market Outlook, 2027

The report titled Global Luggage (Casual, Business & Travel) Market Outlook, 2027 provides a comprehensive analysis of the luggage in the world. The report offers a complete guide to the size and share of the market at a national level. Along with historic data, it also provides the latest sales data - thus allowing you to identify the market segments driving growth. The report also identifies leading companies and brands, along with examining competition among them. Forecasts through four years demonstrate how the market is set to change in coming years. Bonafide Research employs comprehensive and iterative research methodology focused on minimizing errors in order to provide the most accurate estimates and forecast possible. Additionally, the report includes a complete guide on global luggage market, with focus on regions like North America, South America, Europe, Asia Pacific and Middle East & Africa.

Global Luggage market is expected to grow with a CAGR of more than 5% in the forecasted period of 2022 to 2027 with more than USD 60 Billion market size. The overall luggage market can be divided into three primary sub segments; casual bags, travel bags and business bags. Casual bags are suitable for daily use especially for college going students, women for households shopping etc. The travel bag segment, a major contributor is increasing due to increasing travel and tourism across globe with declining air fare, development of infrastructure, flexibility in job etc. And, business bags include convenience for carrying a laptop and documents. Further, rising internet penetration and technological innovation will go about as an impetus for the market development. Asia-Pacific is the major contributor followed by North America. Rest of three regions constitute around 30% of the luggage market.

The Luggage Market is expected to boom, with new advances and accessibility of air travel, the global Luggage Market has renovated itself by offering small lightweight, colourful and stylish bags that cater to the various needs of the travellers. The growing travel and tourism industry, rise in migration of population, and increasing disposable income are fuelling the growth pace. Also, the growing customer inclination towards high-end luggage equipped with Global Positioning System (GPS) tracker, rising urbanization, and increasing disposable income are expected to drive the Luggage Market over the predicted years.

Discount selling, comfort, replacement of bags, convenience in choice through e-commerce is identified as key trends of the market. This has opened the doors for new prospects for market players. Further, increasing innovations in the market is expected to boost demand for luggage over the forecast period. These innovations are expected to create growth opportunity for manufacturers by attracting larger customer base. For instance, in August 2019, Samsonite collaborated with Panasonic for creating EVOA Tech, a new generation of smart luggage. The luggage will be able to effectively communicate with the owner with the help of IoT. Furthermore, the smart luggage will also include a Bluetooth tracker, biometric locking system, a USB port, and an inbuilt weighing scale. Another security feature of this bag is the SOS alert button, which sends an alert to 3 contacts with the current GPS location. These features are expected to increase demand for such luggage from the premium sector and thereby, boost growth of the global luggage market.

Rapid growth of the travel and tourism industry across the globe is expected to drive growth of luggage market over the forecast period. Moreover, demand for premium range luggage with advanced technologies is expected to increase due to growing luxury travel market and increasing disposable income across the globe. To create more environmentally friendly and sustainable products, Horizn Studios has debuted its new range of luxury luggage. This new luggage range called Circle One is 100% plant-based and biodegradable for ethically aware travellers. The brand has also eliminated the use of single-use plastics in its packaging, and is focusing on the utilization of recyclable materials and cardboard instead. On the other hand, Go Travel has partnered with Case and is all set to take center stage with its accessories now being showcased at the Case store at London’s Heathrow airport. The companies have signed a three-year agreement and the agreement is expected to be followed throughout a majority of Case stores. Go Travel is known for its accessories such as pillows, travel adapters, and travel comfort collection.

Factors such as an increase in consumer spending, growth of the travel and tourism industry and a rise in the middle class population with higher disposable income led to an upsurge in the demand for luggage in the region. North America luggage market luggage provides lucrative opportunities in the coming years. Economic stability and growth of the travel and tourism industry in the region gives a resilient opportunity for the luggage market.

Key industry developments:
• In September 2019, Samsonite IP Holdings S.AR.L partnered with Panasonic Corporation to launch a new product ‘EVOA Tech’ which enables users to tag and track luggage by their smartphones with the help of Bluetooth and IoT features embedded in the luggage product.
• In May 2020, Australian lifestyle company Porsche SE with its brand Porsche Design partnered with Bricstore, to develop high performing and lightweight luggage products in the Italian Market.

Covid-19 impacts:
Since the COVID-19 pandemic has forced a major part of the global population to sit at home, owing to travel restrictions and lockdown, the luggage and backpacks industry has been hit hard. Also, most potential consumers limited their spending on travel luggage, which directly impacted the sales revenues of top big brands in the luggage market. However, as the pandemic situation is improving gradually, the spending patterns of consumers have strengthened, and the market is expected to regain its potential as the economies of the developing nations improve. The change in lifestyle, the growing travel and tourism industry, and the customer inclination toward high-end luggage are likely to positively impact the market’s growth during the forecast period.

Considered for the Report:
Geography: North America, South America, Europe, Asia-Pacific, Middle East & Africa
Base Year: FY 2016
Estimated Year: FY 2022
Forecast Year: FY 2027

Objective of the study:
• To present a global luggage industry
• To analyse and forecast the market size of North America Luggage, in terms of value
• To analyse and forecast the market size of South America Luggage, in terms of value
• To analyse and forecast the market size of Europe Luggage, in terms of value
• To analyse and forecast the market size of Asia-Pacific Luggage, in terms of value
• To analyse and forecast the market size of Middle East-Africa Luggage, in terms of value
• To define, classify and forecast Luggage market on the basis of segments like Travel Bags, Casual Bags and Business Bags
• To strategically profile leading players, those are operating in the Luggage industry of World.

Approach for the Report:
Bonafide Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Luggage market of the world were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web.
Bonafide Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of luggage were recorded and subsequently forecasted for the future years.

Scope of the Report:
“Global Luggage Market Outlook, 2027” discusses the following aspects of pet care market in the world:
- Global Luggage Market Outlook
- Global Travel Luggage Market Size By Value & Forecast
- Global Casual Luggage Market Size By Value & Forecast
- Global Business Luggage Market Size By Value & Forecast
- Global Luggage Market Segmental Analysis: By Company, By Country, By Region, By Segment, By Sales Channel
- North America Luggage Market Outlook
- North America Travel Luggage Market Size By Value & Forecast
- North America Casual Luggage Market Size By Value & Forecast
- North America Business Luggage Market Size By Value & Forecast
- North America Luggage Market Segmental Analysis: By Country, By Segment
- USA Luggage Market Outlook
- Canada Luggage Market Outlook
- Mexico Luggage Market Outlook
- Res of North America Luggage Market Outlook
- South America Luggage Market Outlook
- South America Travel Luggage Market Size By Value & Forecast
- South America Casual Luggage Market Size By Value & Forecast
- South America Business Luggage Market Size By Value & Forecast
- South America Luggage Market Segmental Analysis: By Country, By Segment
- Brazil Luggage Market Outlook
- Argentina Luggage Market Outlook
- Colombia Luggage Market Outlook
- Rest of South America Luggage Market Outlook
- Europe Luggage Market Outlook
- Europe Travel Luggage Market Size By Value & Forecast
- Europe Casual Luggage Market Size By Value & Forecast
- Europe Business Luggage Market Size By Value & Forecast
- Europe Luggage Market Segmental Analysis: By Country, By Segment
- Germany Luggage Market Outlook
- United Kingdom Luggage Market Outlook
- France Luggage Market Outlook
- Spain Luggage Market Outlook
- Italy Luggage Market Outlook
- Rest of Europe Luggage Market Outlook
- Asia-Pacific Luggage Market Outlook
- Asia-Pacific Travel Luggage Market Size By Value & Forecast
- Asia-Pacific Casual Luggage Market Size By Value & Forecast
- Asia-Pacific Business Luggage Market Size By Value & Forecast
- Asia-Pacific Luggage Market Segmental Analysis: By Country, By Segment
- China Luggage Market Outlook
- Japan Luggage Market Outlook
- India Luggage Market Outlook
- South Korea Luggage Market Outlook
- Australia Luggage Market Outlook
- Rest of Asia-Pacific Luggage Market Outlook
- Middle East-Africa Luggage Market Outlook
- Middle East-Africa Travel Luggage Market Size By Value & Forecast
- Middle East-Africa Casual Luggage Market Size By Value & Forecast
- Middle East-Africa Business Luggage Market Size By Value & Forecast
- Middle East-Africa Luggage Market Segmental Analysis: By Country, By Segment
- Saudi Arabia Luggage Market Outlook
- UAE Luggage Market Outlook
- South Africa Luggage Market Outlook
- Rest of Middle East-Africa Luggage Market Outlook
- Key Vendors in this market space

Intended Audience:
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to pet industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.