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Global Travel Bags Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2016-2024
Global Travel Bag Market to Reach USD 53.16 Billion by 2024
According to Goldstein Research, global travel bag market is expected to reach USD 53.16 billion by the end of 2024 from USD 33.10 billion in 2016, growing at a CAGR of 6.1%. Rising trend of fashionable bags and the growth in travel and tourism industry are driving the growth in sales of travel bags across the globe. Global travel bag market segmentation has been done on the basis of price range, types of travel bags, distribution channel and geography. Light weight carry-on travel bags are most commonly preferred by the travellers. Also the smart travel bags embedded with GPS trackers, charging ports and other technology based bags have swelled up the demand of travel bags.
Global travel bag market is majorly driven by North America and closely followed by Europe in terms of travel bags manufacturing. Asia-Pacific accounts for largest travellers, thus it is growing at a fastest pace. Further, with the growth in Latin America travel and tourism industry, it is expected to be opportunistic market in future.
On the basis of our in-depth analysis, Global Travel Bag Market can be segmented as follows:
- Based on Price-Range
- High-Price Range
- Medium-Price Range
- Low-Price Range
- Based on Types of Travel Bags
- Trolley Bags
- Duffle Bags
“Global Travel Bag Market Outlook 2024” contains detailed overview of the global travel bag market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by price range, types of travel bags and distribution channel.
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