Global Travel Luggage Market (2019 Edition) – World Market Review By Price Point (Value and Mid-Level, Premium, Luxury), By Distribution Channel, By Region, By Country: Opportunities and Forecast (2014-2024)

Date: 1 November 2019

According to a research report published by Azoth Analytics in June 2019, the Global Travel Luggage Market was valued at USD 16.9 billion the year 2018. Global Travel Luggage market is expected to grow due to a number of factors including rapid new product launch with attractive designs, enhanced functionality and durability coupled with increasing consumer interests in leisure travel, rising preference for luggage brands as lifestyle products. In addition, increasing domestic & international tourism is resulting in growing demand for Travel Luggage at significant rate.
The Azoth Analytics research report titled ‘Global Travel Luggage Market – 2019 Edition’ has analysed and segmented the Travel Luggage market By Price Point (Value & Mid-Level, Premium, Luxury), By Distribution Channel (Specialty Stores, Departmental Stores, Internet Sales, Others), By Region (North America, Europe, Asia Pacific, ROW) and By Country (U.S, Canada, Mexico, UK, Germany, China, India, Japan) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Global Travel Luggage Market is primarily driven by growth in highly urbanized cities in advanced economies with the availability of the Travel Luggage, affordability and accessibility. High disposable income is also among the major factors for the expansion of global Travel Luggage market.

The economic recovery in developed countries and robust economic growth in emerging countries, surge in air passenger traffic, rising demand for branded travel products, emerging travel luggage with technological advanced features and growing trend for leisure and business travel is expected to drive the market growth of travel luggage in the forecast period. The Asia Pacific region holds the largest market of Travel Luggage and is estimated that it will continue to dominate the market share in forecast period. Moreover, APAC region will also grow with highest growth rate among the regions.

The luggage industry is continuously evolving with large number of new players entering into the market with new product launch equipped with add-on features that provide huge convenience to the customers in carrying their belongings easily and safely. Developing countries such as China, India, UAE and Mexico are witnessing  significant growth in number of malls and organized retail stores and this has been supporting the market for specialty and departmental store share in global travel luggage industry. Moreover, increasing e-commerce sales, disposable income and accelerating economic growth are expected to further drive the market.