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Global Travel Bags Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 7.1% - ResearchAndMarkets.com

June 8, 2018

DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The “Travel Bags Market by Material Type, Luggage Type, Distribution Channe, and Price Range - Global Opportunity Analysis and Industry Forecast, 2017 - 2023” report has been added to ResearchAndMarkets.com’s offering.

The global travel bag market was valued at $15,045 million in 2016, and is projected to reach $24,027 million in 2023, growing at a CAGR of 7.1%.

The substantial boom in the travel and tourism sector (including medical tourism) fosters the demand for various types of travel bags. The robust movement of business travelers, further fuels the requirement of travel bags especially backpacks and trolleys.

Rise in travel and tourism has intensified the demand for travel bags. Besides, increase in urbanization, changes in lifestyle, and demand for innovative products such as polycarbonated luggage is further expected to impel the global travel bags market between 2017 and 2023. Increase in purchasing power of middle class households especially in the developing regions is anticipated to create more demand for premium and fashionable travel bags in the region. The advancement in technology such as development of smart luggage with GPS system tracker is also projected to expand the growth of overall market during the forecast period (2017-2023).

Based on material, the global travel bags market is bifurcated into hard side and soft side. The market is also divided by luggage type into duffle, trolley, and backpacks. The market is further sub-divided by different price range, which includes premium, medium range, and low range and by distribution channel into supermarket/hypermarket, specialty stores, factory outlets, online stores, and others. Based on region, the market is categorized across North America, Europe, Asia-Pacific, and LAMEA.

Companies Mentioned:

Delsey SA. VIP Industries TGHI, Inc. Samsonite Ace Co. Ltd. U.S. Luggage Company Jiaxing Bianca Luggage Industrial Co. Ltd. Travelpro Products, Inc. Rimowa GmbH Kering SA.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Travel Bag Market, by Material Type

5 Travel Bag Market, by Luggage Type

6 Travel Bag Market, by Price Range

7 Travel Bag Market, by Distribution Channel

8 Travel Bag Market, by Geography

9 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/fjr3ff/global_travel?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005469/en/

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Related Topics:Luggage and Travel Bags

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INDUSTRY KEYWORD: RETAIL OTHER RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/08/2018 11:22 AM/DISC: 06/08/2018 11:22 AM

http://www.businesswire.com/news/home/20180608005469/en

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