Travel Bag Market size was valued at US$ 24.64 Bn. in 2022. Backpack, one of the segments reviewed in our report dominated the Travel Bag Market.

Travel Bag Market Overview: 

The competitive landscape of the Travel Bag Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the Travel Bag market.

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Travel Bag Market Scope:

This Travel Bag market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Travel Bag market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.

Travel Bag Market Segmentation: 

by Product

Duffle
Trolley
Backpacks

By Product, the Backpack commanded a 46.62% market share in 2022. The backpacks are lighter, less bulky, and easier to carry. They can also be used for multiple purposes. These elements are fueling the market segment's expansion.Through the projection period, the trolley segment is anticipated to develop at a CAGR of 7%. High consumer preference due to its portability, comfort when travelling on different surfaces such as escalators, subways, and bustling airport terminals. Through the anticipated period, these elements are anticipated to fuel market expansion.

by Distribution Channel

Online
Offline

With a 66.49% market share in 2022, the Offline segment led the market in terms of distribution channel. High consumer preference as a result of a wide selection of products by price point, material, kind of luggage, and design. Additionally, excellent customer service and knowledgeable assistance improve shoppers' purchasing experiences. Through the anticipated term, these elements are anticipated to fuel the segment's growth.Through the projection period, the online segment is anticipated to develop at a CAGR of 9%. the rise in e-commerce websites' popularity among customers and their propensity to buy travel accessories online because it's convenient, there are attractive discounts available, and they can have them delivered to their homes. Through the anticipated period, these elements are anticipated to fuel the segment's growth in the travel bag market.

by Price Range

Low
Medium
Premium

According to Price Range, the Premium segment held a 40.47% market share in 2022. This section offers premium goods, unique designs, and cutting-edge technologies like clever luggage with GPS trackers. These elements are fueling the market segment's expansion.Through the projection period, the medium category is anticipated to rise at a CAGR of 6.5%. The availability of high-quality goods in a variety of patterns, colours, and other aspects at affordable prices is luring customers towards the middle range. Through the anticipated time, these factors are anticipated to fuel the market growth of the category.

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Travel Bag Market Key Players:  The following are the key players of the Travel Bag market-

1. Delsey
2. Antler
3. Hermes
4. Crown
5. Samsonite
6. Osprey
7. VF Corporation
8. Victorinox
9. Traveler's Choice
10. Lowe Alpine
11. Deuter
12. Standard Luggage Co
13. Timbuk2
14. Herschel Supply
15. Rimowa
16. Louis Vuitton
17. HIDEO WAKAMATSU
18. ACE
19. VIP Industries
20. TGHI, Inc.
21. Samsonite
22. Luggage Company
23. LVMH Group
24. Travelpro Products, Inc.
25. Rimowa GmbH
26. Kering SA

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Travel Bag Market Regional Analysis:

The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.

COVID-19 Impact Analysis on Travel Bag Market: The research also addresses the impact of COVID-19 on the Travel Bag market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Travel Bag Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Travel Bag Market in the next years.

Key Questions Answered in the Travel Bag Market Report are: 

• What will be the CAGR of the Travel Bag market during the forecast period (2022-2029)?
• Which segment emerged as the leading segment in the Travel Bag market?
• Which are the prominent players in the Travel Bag market?
• What key trends are likely to emerge in the Travel Bag market in the forecast period?
• What will be the Travel Bag market size by 2029?
• Which company held the largest share in the Travel Bag market in 2020?

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