Latest News- Travel And Business Bags Market: Travel bags is expected to lead the Product segment during 2025-2029

The Travel And Business Bags Market is being driven by Growing demand for lightweight travel bags

The Travel And Business Bags 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 15834.1 million. The travel and business bag market has witnessed a surge in demand for innovative, feature-rich products. To meet this need, market participants provide a diverse array of offerings, including trolley bags outfitted with advanced technologies. These bags are equipped with cutting-edge features, such as TSA-approved fingerprint combination locks, built-in weight scales, Bluetooth proximity trackers, and integrated USB ports with internal power bank pockets. The fingerprint-activated locks ensure secure access to luggage, while the built-in weight scales help users prevent overweight baggage fees. The Bluetooth trackers enable real-time location monitoring, and the USB ports offer convenience for charging devices on-the-go. These smart features cater to the modern traveler's need for functionality, security, and connectivity. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Travel bags
  • Business bags
• Distribution Channel
  • Offline
  • Online
• Material
  • Polyester
  • Leather
  • Fabric
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

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

• Growing demand for lightweight travel bags
• Increased product and brand promotions and marketing campaigns
• Rise in online sales of travel and business bags

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

• Rising labor costs and fluctuating raw material prices
• Presence of counterfeit products
• Government regulations on procurement of raw materials such as leather

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Market Scope in Travel And Business Bags Market Research Report

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Research Analysis Overview

The Travel and Business Bags market caters to the needs of modern travelers with essential features such as organized packing, convenient design, and lightweight construction. With carry-on restrictions and luggage weight limits, these bags prioritize travel comfort and ergonomic design. Advanced security features like biometric technology and smart luggage designs ensure a secure and personalized travel experience. Innovative luggage designs incorporate travel technology, wearable luggage, and durable materials for travel safety. Stylish and durable options offer a personalized travel lifestyle, combining travel essentials, convenient features, and travel comfort.

Market Research Overview

The global apparel, accessories, and luxury goods market encompasses businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods. This market span includes manufacturers, marketers, and rental service providers, excluding footwear manufacturers. According to Technavio, the market size is determined by the consolidated revenues of textiles, apparel, accessories, footwear, and luxury goods companies. Factors propelling market expansion include the expanding working women population, which boosts household disposable income and enhances consumer spending on apparel, accessories, and luxury goods.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/