Luggage Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[210+ Pages Report] According to the report published by Facts Factors, the global luggage market size was worth around USD 52.7 billion in 2019 and is predicted to grow to around USD 75.3 billion by 2026 with a compound annual growth rate (CAGR) of roughly 5.2% between 2020 and 2026. The report analyzes the global luggage market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the luggage market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the luggage industry. The report analyzes and declares the historical and current trends analysis of the luggage industry and subsequently recommends the projected trends anticipated to be observed in the luggage market during the upcoming years.

The luggage market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire luggage market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Billion) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the global luggage market is set to grow annually at a rate of around 5.2%
• It was established through primary research that the global luggage market was valued at around USD 52.7 billion in 2019
• The growing global travel and tourism industry is anticipated to drive the global luggage market in the upcoming years
• The “Travel Luggage” category, on the basis of type segmentation, was the leading revenue-generating category in 2019
• The “Specialist Retailer” category, on the basis of distribution channel segmentation, was the leading revenue-generating category in 2019

Key Recommendations from Analysts

• Asia Pacific region dominated the global luggage market in 2019 due to growth in the travel and tourism industry in emerging economies such as India and China
• The Asia Pacific market is anticipated to show a growth of more than 45% in the forecast period
• Innovative luggage options such as collapsible luggage bags are also getting more market demand as it saves space during traveling and is more convenient
• The increasing global disposable income is boosting the tourism industry which is driving the global luggage market
• The casual luggage segment is anticipated to grow with a significant CAGR in the upcoming years due to the increasing demand for shoulder bags, backpacks, duffel bags, etc. by both male and female

Market Share in 2019 – By Type

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the luggage industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the luggage industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the luggage market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the luggage industry. The luggage market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the luggage sector. Key strategic developments in the luggage market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the luggage market are appropriately highlighted in the report.

The growing global travel and tourism industry is anticipated to boost the global luggage market in the upcoming years. The global luggage market has shown technological developments from use of materials like wood, metal, and other heavy materials in old times to the use of lightweight, durable and long-lasting materials in recent years.

The growing Asia Pacific travel and tourism market boosted the luggage market due to an increase in domestic and international travel. The Asia Pacific region is anticipated to continue its dominance in the forecast period growing with a significant CAGR.

The luggage market research report delivers an acute valuation and taxonomy of the luggage industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the luggage industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the luggage industry is provided for the leading economies of the world.

The luggage market is segmented based on type and distribution channels. On the basis of type segmentation, the market is classified into travel luggage, casual luggage, business luggage, sports luggage, and others. In terms of distribution channel segmentation, the market is bifurcated into a specialist retailers, factory outlets, internet sales, and others.

Some of the essential players operating in the luggage market, but not restricted to include

•  LVMH Moet Hennessy Louis Vuitton SE
•  VIP Industries Limited
•  VF Corporation
•  MCM Worldwide
•  Antler Ltd.
•  Delsey S.A
•  Etienne Aigner AG
•  Kipling North America
•  Travelpro Products Inc.
•  Adidas AG
•  Samsonite International SA
•  Nike Inc.
•  United States Luggage Company LLC
•  ACE Luggage Co. Ltd
•  Bric`s Industria Valigeria Fine SPA
•  Eagle Creek Inc.
•  JanSport Inc.
•  Targus
•  Travelpro Products Inc.

The taxonomy of the luggage industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Travel Luggage
• Casual Luggage
• Business Luggage
• Sports Luggage
• Others

By Distribution Channel Segmentation Analysis

• Specialist Retailer
• Factory Outlet
• Internet Sale
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa