Luggage Market Grow with a CAGR of 7.27% through 2030
The global Luggage Market is
growing due to rising travel and tourism, growing urbanization, increasing
disposable income, and increasing demand for smart and stylish luggage.
According to
TechSci Research report, “Luggage Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the global Luggage
Market stood at USD 40.78
Billion in 2024 and is expected to grow USD 62.12
Billion by 2030 with a CAGR of 7.27% during the forecast period. The
global luggage market is undergoing significant transformation, driven by
evolving travel habits, urban lifestyles, and shifting consumer expectations.
Once dominated by utility and durability alone, the market has now expanded to
include style, technology, and sustainability as key purchasing considerations.
With increasing globalization and a steady rise in domestic and international
travel, consumers are investing more in travel-related products. This shift has
created demand for luggage that balances functionality with aesthetics,
encouraging brands to focus on innovative designs and materials. Luggage is no
longer just a travel essential—it has become a lifestyle statement, with buyers
seeking products that reflect their personality while meeting travel demands.
One
of the most influential forces shaping the global luggage market is the growth
of the travel and tourism industry. Leisure travel, business trips, and student
mobility have all seen a resurgence in recent years. The rising popularity of
weekend getaways, destination weddings, and digital nomadism has fueled the
need for compact, versatile, and stylish luggage solutions. As air travel
becomes more accessible, especially in developing countries, the demand for
cabin-friendly and lightweight luggage has surged. Brands are increasingly
offering features like expandable compartments, spinner wheels, ergonomic
handles, and built-in locks to cater to the needs of modern travelers who
prioritize both convenience and design.
Sustainability
has emerged as a defining trend in the luggage industry. Conscious consumerism
is pushing companies to rethink their manufacturing processes and material
sourcing. Many brands now offer luggage made from recycled plastics,
biodegradable fabrics, and cruelty-free materials. The emphasis on
sustainability extends to packaging and supply chains, with efforts to reduce
carbon footprints and eliminate single-use plastics. Companies that adopt green
practices and communicate their environmental commitments effectively are
likely to win over environmentally aware customers.
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"Global Luggage Market”
The global Luggage
Market is segmented into product type, distribution channel, and region.
Based on distribution
channel, offline distribution channel continues to dominate the global luggage
market, driven by consumers' preference to physically inspect products before
making a purchase. Brick-and-mortar stores offer the advantage of
touch-and-feel experiences, allowing buyers to assess quality, size, weight,
and durability firsthand. Department stores, specialty luggage outlets, and
brand-exclusive showrooms also provide personalized customer service, immediate
product availability, and after-sales support, all of which build consumer
trust. Additionally, the presence of retail outlets in high-footfall areas like
airports, shopping malls, and tourist hubs enhances product visibility and
accessibility. Many customers still value the ability to compare options in
real time and receive instant gratification, making offline retail a crucial
and trusted channel for luggage purchases globally.
Based
on region, Asia Pacific stands out as the fastest-growing region in the global
luggage market, propelled by a confluence of factors including rising
disposable incomes, a burgeoning middle class, and a significant uptick in both
domestic and international travel. Countries such as China, India, Japan, and
South Korea are at the forefront of this growth, with consumers increasingly
seeking durable, stylish, and functional luggage to accommodate their evolving
travel needs. The proliferation of budget airlines and improved transportation
infrastructure have made travel more accessible, further fueling demand for
travel goods. Additionally, the rapid expansion of e-commerce platforms has
enhanced product accessibility, allowing consumers to explore a wide array of
luggage options at competitive prices.
Major companies
operating in the global Luggage Market are:
- Samsonite
- Tumi
- Delsey
- American
Tourister
- Travelpro
- Briggs
& Rilley
- Victorinox
- Thule
- Heys
- Rimowa
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“The global luggage market is driven by
increasing travel and tourism, rising disposable incomes, urbanization, and
growing demand for durable, stylish, and multifunctional bags. E-commerce
expansion has further fueled accessibility and competition among brands. Key
trends shaping the market include the rise of smart luggage with integrated
tech features, a shift toward eco-friendly and sustainable materials, and
growing preference for personalized, fashion-forward designs”,said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Luggage Market – Global
Industry Size, Share, Trends, Opportunity and Forecast, By Product Type (Travel
Bags, Business Bags, Casual Bags), By Distribution Channel (Online, Offline),
By Region & Competition, 2020-2030F”, has evaluated
the future growth potential of global Luggage Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities
in the global Luggage Market.
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