Global Travel Bag Market

was valued at US$ 37.1 Bn in 2017 and is expected to reach US$ 65.7 Bn by 2026, at a CAGR of 7.4% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Travel Bag Market Dynamics
The rise in urbanization around globally is expected to fuel the travel bag market growth in the forecast period. An increasing number of passengers coupled with the growing popularity of e-commerce websites across the globe, which is also expected to boost the travel bag market growth during the forecast period.
In addition, the rise in population coupled with increased disposable incomes of consumers across the globe is estimated to surge the global travel bag market growth in the near future. A growing number of air-travelers and a rise in development in product design are anticipated to fuel the travel bag market growth in a positive way. The availability of travel bags in various shapes and colors is driving the travel bag market growth across the globe.
Segment Analysis of the Global Travel Bag Market
Based on material type, a soft-sided travel bag is anticipated to hold the largest share in the travel bag market during the forecast period. The hard-sided travel bag segment is projected to drive the global travel bag market growth during the forecast period due to its lightweight.
Based on luggage type, the backpacking segment is anticipated to hold the largest share in the travel bag market during the forecast period due to the fact that they are relatively easier to carry. In terms of the distribution channel, the online segment is expected to hold the largest share in the forecast period owing to the growing popularity of e-commerce websites among consumers. Increasing consumer preference to purchase travel bags online, which is also expected to boost the global travel bag market during the forecast period.
Regional Insights of the Travel Bag Market
In terms of region, the Asia Pacific is estimated to fuel the travel bag market growth in the forecast period owing to growing urbanization and population in developing countries of this region such as India and China. In addition, increasing the spending power of the middle-class population and changing the living standards of the consumers in these countries are also expected to surge the global travel bag market growth positively.
North America is expected to generate the highest CAGR in the market during the forecast period owing to the large consumer base and developed economy in this region. The US is projected to drive the travel bag market growth in this region during the forecast period as a rising in innovation in designs of travel bags. High-end designer bags are trending in this country
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Travel Bag Market dynamics, structure by identifying and analyzing the market segments and project the global market size
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to the emerging segment in the Travel Bag Market.
Scope of the Report Travel Bag Market: Inquire before buying
Global Travel Bag Market, by Material Type
• Hard Side
• Soft Side
• Hybrid
Global Travel Bag Market, by Luggage Type
• Duffle
• Trolley
• Backpacks
Global Travel Bag Market, by Price Range
• Premium
• Medium Range
• Low Range
Global Travel Bag Market, by Distribution Channel
• Hypermarkets and Supermarkets
• Conventional Store
• Online
• Others
Global Travel Bag Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Travel Bag Mark
• Delsey
• Antler
• Hermes
• Crown
• Samsonite
• Osprey
• VF Corporation
• Victorinox
• Traveler’s Choice
• Lowe Alpine
• Deuter
• Standard Luggage Co
• Timbuk2
• Herschel Supply
• Rimowa
• Louis Vuitton
• HIDEO WAKAMATSU
• ACE
• VIP Industries
• TGHI, Inc.
• Samsonite
• Luggage Company
• LVMH Group
• Travelpro Products, Inc.
• Rimowa GmbH
• Kering SA
This Report Is Submitted By : Maximize Market Research Company
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