Global Luggage Market by Form (Hardside & Softside), By Price Range (Low range, Medium range and Premium range), By Product Type (Causal Luggage, Travel Luggage, Business Luggage, Sports Luggage and Others), By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores & Online) and by Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2030

Market Prospective

The global Luggage Market size was worth around USD 33.87 billion in 2021 and is predicted to reach USD 72.45 billion by 2030 with a compound annual growth rate of roughly 9.9% between 2022 and 2030. The report analyzes the global market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the luggage market.

Luggage Market Statistics

Luggage is an indispensable component in the travel and tourist industry. Luggage's primary duty is to preserve the items contained inside; consequently, it is constructed of either hard or durable soft material. In the past, baggage made of heavy materials such as wooden trunks or chests was popular, but as technology has advanced, luggage made of lighter materials has gained prominence.

Historically, chests and trunks constructed of wood or other heavy materials were the most frequent types of luggage. A variety of bags and cases holding clothing, minor valuables, toiletries, travel essentials, and souvenirs are carried out nowadays.

Moreover, multiple internal compartments and sections are incorporated into the design of luggage for securing the essentials. The most prevalent types of luggage include trunks, train cases, suitcases, garment bags, tote bags, carpet bags, duffle bags, packing cubes, and gate check bags. Features such as high-security locks, sturdy wheels, expandable space, USB connections, and GPS monitoring have contributed to the luggage market growth.

An increase in educational trips and a surge in online tourism are driving up demand for luggage goods. In addition, developing technology has improved the characteristics of numerous luggage products. These factors are propelling the expansion of the luggage market over the forecast period.

Luggage Market

Also, the luggage market is divided into the categories of casual bags, travel bags, and business bags. Luggage is considered a lifestyle product in a number of emerging nations; therefore, the market is anticipated to experience a rise in product demand due to a shift in lifestyles.

Rapidly shifting lifestyles, expanding urbanization, and rising customer desire for high-end luggage are also expected to drive the luggage market share. In addition to these factors, rising expenditures on smart and luxury luggage products, rising demand for casual bags such as unisex shoulder bags, and rising consumer demand for branded luggage, wheeled duffel bags, and backpacks are anticipated to drive the luggage market revenue. A trend toward the use of fashionable casual bags, premium office bags, and other sorts of bags is also expected to propel the global business.

Key Insights

In terms of revenue, the global luggage market size was valued at around USD 33.87 Billion in 2021 and is projected to reach USD 72.45 Billion, by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate
Based on form, the hardside segment was predicted to show maximum market share in the year 2021
Based on price range, the medium segment was the leading revenue-generating type in 2021
On the basis of product type, the travel luggage segment was projected to show largest share in the year 2021
On the basis of distribution channel, the specialty stores segment was dominating the market share in the year 2021
On the basis of region, North America were the leading revenue generator in 2021

COVID-19 Impact

COVID-19 has a negative effect on product development. The preferences of customers have changed toward fundamental food items rather than luxury things. The domestic supply chain has been interrupted by the COVID-19 pandemic's transit limitations, as well as the export and import bans enacted in other nations, resulting in a loss of market share.

Rising Travel and Tourism Industry Continues Propelling Market Growth

The growth due to the travel and tourist business is directly related to the increase in demand for luggage. The travel and tourism business has experienced substantial growth in recent years. The tourism business is currently one of the fastest-growing and most diverse industries worldwide. The demand for luggage bags and other travel accessories has increased dramatically over the past few years, and this is anticipated to continue to be a big shift in the marketplace.

For instance, Horizn Studios has introduced a new line of high-end baggage which is made entirely from plant-based materials and is biodegradable for travelers with a conscience. In addition to eliminating the use of single-use plastics in its packaging, the company has prioritized the use of recyclable materials and cardboard.

Introduction of Smart Luggage Poses an Opportunity for Market Growth

The introduction of smart luggage is likely to aid the market growth. The intelligent luggage has a smartphone-controlled digital locking system, a GPS tracking system, a USB port for charging devices, a detachable battery, an LED light system, a smartphone, and Bluetooth connectivity.

Increasing market innovation is anticipated to increase demand for luggage over the forecast period. It is anticipated that these advancements would generate expansion opportunities for manufacturers by attracting a wider customer base.

In addition, the intelligent luggage will be equipped with a Bluetooth tracker, biometric locking mechanism, USB port, and built-in weighing scale. This bag also includes an SOS alert button that sends an alert to three contacts with the current GPS location. These qualities are anticipated to raise demand for such bags in the luxury market, consequently boosting the global luggage market sales.

Segmentation Analysis

Based on product type, the global market segments are causal luggage, travel luggage, business luggage, sports luggage, and others. The travel luggage segment is dominating the market share owing to increasing tourism activities and the number of international business trips.

On the basis of distribution channels, the market is bifurcated into hypermarkets/supermarkets, specialty stores & online. Online driving is dominating the market share owing to the increasing convenience of online purchasing has resulted in a significant shift towards e-commerce platforms like Amazon and eBay.

Recent Development

March 2022- Away has launched three new limited-edition colors in the luggage portfolio.

Asia Pacific is Dominating the Global Luggage Market Share

Asia-Pacific is dominating the luggage market owing to the increasing expenditures on living standards and travel, rising demand for high-quality baggage items, and an increase in the use of office and sports luggage may possibly be driving the regional luggage industry. Moreover, the demand for premium range luggage with advanced technologies is expected to grow due to the increasing luxury travel market and increasing disposable income across the globe.

luggage market by region

Competitive Landscape

Major players contributing in the luggage industry are DELSEY, Osprey Packs, Inc., VF INTERNATIONAL S.A.G.L, MCM Worldwide, Samsonite, LLC, LVMH, Tapestry Inc., VIP Bags, United States Luggage Company, LLC, ACE Co., Ltd, Modobag, JRSK, Inc. (Away), Arlo Skye, Samsara Luggage, amongst others.

The global luggage market is segmented as follows:

By Form

Hardside
Softside

By Price Range

Low range
Medium range
Premium range

By Product Type

Causal Luggage
Travel Luggage
Business Luggage
Sports Luggage
Others

By Distribution Channel

Hypermarkets/Supermarkets
Specialty Stores
Online

By Region

North America
- The U.S.
- Canada
- Mexico
- Rest of North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
  - Denmark
  - Finland
  - Iceland
  - Sweden
  - Norway
- Benelux Reunion
  - Belgium
  - The Netherlands
  - Luxembourg
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
  - Indonesia
  - Thailand
  - Malaysia
  - Singapore
  - Rest of Southeast Asia
- Rest of Southeast Asia
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America

FAQ

+ Which key factors will influence Luggage market growth over 2022-2030?

The expansion of the travel and tourist business has resulted in a shift in luggage preferences and a rise in demand. According to consumer preferences, the leading rivals in the baggage market incorporate innovative technology and scientific research into the creation of fashionable and multifunctional luggage.

+ What will be the value of the Luggage market during 2022-2030?

The global luggage market size was worth around USD 33.87 Billion in 2021 and is predicted to grow to around USD 72.45 Billion by 2030 with a compound annual growth rate of roughly 9.9% between 2022 and 2030.

+ Which region will contribute notably towards the Luggage market value?

North America is dominating the market share of the global luggage market owing to the increasing expenditures on living standards and travel, rising demand for high-quality baggage items, and an increase in the use of office and sports luggage may possibly be driving the regional luggage industry.