Global Luggage Market By Type (Casual bags, Travel bags, and Business bags), By Application (Specialist Retailers, Factory outlets, and Internet sales), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028

Market.US announces publication of its most recently generated research report titled, “Global Luggage Market by Product Type (Casual Bags, Travel Bags, and Business bags), By Distribution Channel (Specialist Retailers, Factory Outlets, and Internet Sales), and by Region – Global Forecast to 2029”, which offers a holistic view of the global Luggage market through systematic segmentation that covers every aspect of the target market.

The global luggage market is estimated to be US$ 25,516.1 Mn in 2020 to reach US$  50,807.4 Mn by 2029 at a CAGR of 8.0%.

Luggage consists of boxes, bags, and containers, which stock passengers’ personal belongings during transportation. Historically, most suitcases are suitcases or boxes made of wood or other heavy things. Modern travelers can usually carry packages containing clothing, toiletries, and other travel necessities.

In addition, travelers may receive gifts and souvenirs when they return from the trip. For some people, the suitcase or suitcase and its style represent the wealth and status of the owner. The suitcase is made of a hard shell or durable soft material to protect items during travel.

It usually has internal parts to help protect the project. The handle is usually provided for easy carrying; some suitcases may have wheels or belts or telescopic handles for easy movement.

Global Luggage Market Revenue (US$ Mn), 2020–2029

The luggage industry is engaged in the manufacture of luggage, duffel bags, laptop bags, backpacks, and various other business travel bags. It has a significant impact on the demand for branded luggage products, which is another factor that promotes the growth of the target market.

With the passage of time and the development of technology, the preference for multifunctional suitcases has increased, which has increased the demand for foldable and convertible suitcases for consumers who like to travel with hard suitcases. Therefore, the introduction of foldable and convertible suitcases will drive the growth of the target market during the forecast period.

The high cost and low replacement rate of branded luggage are factors restricting the growth of the global luggage market. Luggage is very durable and does not need to be replaced within 5-10 years, so year-on-year sales have fallen.

Global Luggage Market Attractiveness Analysis by Luggage Type, 2020–2029

The research report on the global luggage market includes profiles of some of the major companies such as Christian Dior SE (LVMH Moët Hennessy Louis Vuitton SE), LVMH (Rimowa Gmbh), Hermès International S.A., Samsonite International S.A., Piramal Enterprises Ltd. (VIP Industries), Iconix Brand Group (London Fog), Delsey, Travelpro Products Inc., JRSK Inc. (Away), United States Luggage Company Llc.

Global Luggage Market is segmented based on Product Type, Distribution Channel, and Region

Based on Product Type

• Casual Bags
• Travel Bags
• Business Bags

Based on Distribution Channel

• Specialist Retailers
• Factory Outlets
• Internet Sales

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Based on Major Companies

• Christian Dior SE (LVMH Moët Hennessy Louis Vuitton SE)
• LVMH (Rimowa Gmbh)
• Hermès International S.A.
• Samsonite International S.A.
• Piramal Enterprises Ltd. (VIP Industries)
• Iconix Brand Group (London Fog)
• Delsey
• Travelpro Products Inc.
• JRSK Inc. (Away)
• United States Luggage Company LLC

For the Luggage Market research study, the following years have been considered to estimate the market size: