At A CAGR Of 6.5%, Travel Bag Market Is Anticipated To Reach USD 46 Billion By 2027 Across The Globe

Travel bags mainly consist of bags, cases or containers which are used to carry travelers belonging while traveling. Various factors that are expected to increase the demand for travel bags are increasing travel and tourism, growing urbanization, busy lifestyle and also growing demand for products such as polycarbonated luggage. The significant increase in the travel and tourism sector promotes the demand for different types of travel bags. Additionally, growing movement of travelers further fuels the demand for travel bags such as trolleys and backpacks.

Market Size and Forecast

The global travel bag market was valued at USD 37 Billion in 2017, and is anticipated to reach USD 46 Billion by 2027. The global travel bag market is expected to witness CAGR of 6.5%. There is significant growth in the travel and tourism sector which also include medical tourism on the account of the increasing demand for different types of travel bags. Additionally, the continuous movement of business travelers is another factor anticipated to fuel the market growth of travel bags over the forecast period.

Download Sample of This Strategic Report: 
https://www.kennethresearch.com/sample-request-10076334

The global travel bag market is segmented on the basis of material, luggage, price range, distribution channel and region. On the basis of material the global travel bag market is segmented into hard side and soft side. Soft sided travel bag is expected to be the dominating segment during the forecast period. Hard sided travel bag is expected to witness significant growth during the forecast period on the back of the introduction of materials that are light in weight. On the basis of luggage type the global travel bag market is segmented into duffle, trolley, and backpacks. Backpack segment is expected to dominate the global travel bag market This is attributed to the fact that they are relatively easier to carry. On the basis of price the global travel bag market is segmented into different price range, which includes premium price range, medium price range and low-price range.

Based on distribution channel global travel bag market is segmented into supermarket and hypermarket, specialty stores, factory outlets, online stores. Rising consumer preference to purchase travel bags through online stores owing to the high availability of different bags is anticipated to drive the travel bag market globally. On the basis region, Asia Pacific is anticipated to witness highest growth on the account of the increasing urbanized population coupled with high disposable income of consumers. In Asia Pacific, China is expected to contribute maximum market share on the back of the high disposable income of consumers.

Looking for Discount? CLICK HERE: https://www.kennethresearch.com/grab-discount-10076334

Market Segmentation

Our in-depth analysis segmented the Global travel bag market in the following segments:

By Material Type

Hard Side
Soft Side
By Luggage Type

Duffle 
Trolley
Backpacks
By Price Range

Premium Range
Medium Range
Low Range
By Distribution Channel

Supermarkets
Hypermarkets
Specialty Stores
Factory Outlets
Online Stores
By Region

Global travel bag market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Factors and Challenges

Increasing urbanization coupled with rising number of passengers is driving the market growth of travel bag across the globe. Additionally, busy lifestyle of customers coupled with high online purchases is also expected to have positive impact on the global travel bag market. Moreover, rising disposable income of consumers, increasing number of air travellers, development in product design are other key factors driving the growth of the travel bag market. One of the major restraining factor is the emergence of small players that offer varied range of travel bag.

Get Complete Access of Study Report: 
https://www.kennethresearch.com/sample-request-10076334

Get Full Access of This Strategic Report: https://www.kennethresearch.com/sample-request-10076334

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research

Email: Sales@kennethresearch.com

Phone: +1 313 462 0609

Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

Leave a Reply