Latest News- Luggage Market: Specialty stores is expected to lead the Distribution Channel segment during 2025-2029

The Luggage Market is being driven by Growth of travel and tourism industry

The Luggage Market is expected to grow at a CAGR of 8.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16638.6 million. In alignment with the expanding travel and tourism sector, the luggage market has witnessed significant advancements. Competitors have responded by offering an expanded range of products. The increasing preference for versatile luggage is evident, particularly during travel when the requirement for additional luggage arises for excess items during return journeys. Foldable or convertible luggage addresses this need effectively. For instance, Paravel's introduction of the Aviator suitcase in November 2022, available in Carry-on and Carry-on plus sizes, is a testament to this trend. These foldable bags offer convenience and ease of transport. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Specialty stores
  • Department stores hypermarkets and supermarkets
  • Online retail
  • Warehouse clubs
• Product
  • Travel luggage
  • Casual luggage
  • Business luggage
  • Sports luggage
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of travel and tourism industry
• Rising participation of women and children in sports
• Shifting preferences for better lifestyle

However, the market also witnesses some limitations, which are as follows:

• Increasing restrictions on smart luggage by airlines for security purposes
• Threat of intense competition from local brands
• Unfavorable weather and seasonality patterns

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Market Scope in Luggage Market Research Report

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Research Analysis Overview

The luggage market encompasses various aspects such as suitcase capacity, adhering to airline baggage weight limits, and understanding baggage fees. Check-in luggage, oversized items, and lost luggage claims are common concerns. Eco-friendly luggage made from sustainable and recycled materials is gaining popularity, along with lightweight designs and smart features like GPS tracking, digital scales, and packing techniques. Travelers prioritize security with theft prevention, anti-theft measures, and material strength, ensuring a safe and organized journey. Travel insurance, trip planning, and packing list essentials complete the luggage market landscape.

Market Research Overview

The luggage market is a significant segment of the larger global apparel, accessories, and luxury goods industry. This market encompasses companies specializing in the production and distribution of hard-shell suitcases, soft-sided luggage, TSA-approved locks, and wheeled carry-on luggage. The parent market, valued at [specific amount] by Technavio, comprises textiles, apparel, footwear, accessories, and luxury goods manufacturers and marketers. Key growth drivers for this market include the expanding population of working women, leading to increased disposable income and consumer spending on luggage and related accessories. Additionally, the adoption of wheeled luggage and the implementation of TSA-approved locks have contributed to market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/