Global Luggage Market Size By Product (Travel, Business), By Distribution Channel (Specialty Stores, Departmental Stores), By Price Range (Value & Mid-Level, Premium), By Geographic Scope And Forecast

Luggage Market Size And Forecast

Luggage Market size was valued at USD 43.63 Billion in 2024 and is projected to reach USD 92.24 Billion by 2031, growing at a CAGR of 9.81% from 2024 to 2031.

The growing customer inclination towards high-end luggage equipped with Global Positioning System (GPS) tracker, rising urbanization, and increasing disposable income are expected to drive the Luggage Market over the predicted years. The Global Luggage Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Luggage Market Definition

Luggage is a passenger’s personal belongings carried while traveling onboard an aircraft, ship, or bus, whether checked or unchecked. Luggage consists of bags, cases, and containers which hold a traveler’s stuff while the traveler is in transit. In the olden days, the luggage was usually made of wood or heavy materials. But the form of luggage as changed drastically over time.

It is classified based on the product i.e. Travel, Business, Sports, and Others. Various distribution channels of luggage are Specialty Stores, Departmental Stores, Hyper Markets & Supermarkets, Internet Sales, and Others. Three types of price range of luggage are Value & Mid-Level, Premium, and Luxury.

Global Luggage Market Overview

The Luggage Market is expected to boom, with new advances and accessibility of air travel, the global Luggage Market has renovated itself by offering small lightweight, colorful and stylish bags that cater to the various needs of travelers. The growing travel and tourism industry, rise in migration of population, and increasing disposable income are fuelling the growth pace.

Discount selling, comfort, replacement of bags, and convenience in choice through is identified as key trends in the market. People are traveling due to the rise in their disposable incomes. This has opened the doors for new prospects for market players.

Global Luggage Market Segmentation Analysis

The Global Luggage Market is segmented on the basis of Product, Distribution Channel, Price Range, And Geography.

Luggage Market, By Product

• Travel
• Business
• Sports
• Others

Based on the Product, The market is bifurcated into Travel, Business, Sports, and Others. The travel bags segment is expected to hold the largest market share while business bags are anticipated to grow with the highest CAGR due to an increase in tourism activities and a rising number of foreign tours for business purposes.

Luggage Market, By Distribution Channel

• Specialty Stores
• Departmental Stores
• Hyper Markets & Supermarkets
• Internet Sales
• Others

Based on the Distribution Channel, The market is bifurcated into Specialty Stores, Departmental Stores, Hyper Markets & Supermarkets, Internet Sales, and Others. Internet Sales are predicted to hold the most significant CAGR in the forecasted period due to various discount offers available on e-commerce websites.

Luggage Market, By Price Range

• Value & Mid-Level
• Premium
• Luxury

Based on Price Range, The market is bifurcated into Value & Mid-Level, Premium, and Luxury. The premium price range segment is anticipated to hold the largest market share. The factors can be credited for a trend in using trendy premium office bags and travel bags.

Luggage Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Regional Analysis, The Global Luggage Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific owing to an upsurge in the demand for high-quality luggage products and increasing expenditure on living standards in this region.

Key Players

The “Global Luggage Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are LVMH, Adidas, V.F. Corporation, Samsonite International S.A., V.I.P. Industries Ltd., Rimowa GmbH, Hermès, Kering SA, Shanghai Taifeng Cases Co Ltd, and Safari Industries Ltd.The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. 

Key Developments

Partnerships, Collaborations and Agreements

• On September 2020, a new collaboration by RIMOWA and luxury apparel brand Moncler. The RIMOWA Original, “Reflection,” is an eye-catching polished aluminum suitcase offset by matte black handles, frame, locks, and reinforced riveted corners. Embedded in the exterior are a removable LED screen that displays ticker-style messages in red block lettering, a stylistic nod to displays found in transport hubs the world over, and the social media text blasts that have come to form the basis of our everyday communications.
• On May 2021, Charlotte Stockdale and Katie Lyall collaboration with RIMOWA on a limited-edition line of suitcases and travel accessories. The RIMOWA Essential suitcase has signature polycarbonate grooves splashed with a bold graphic in the shape of paint dripping down the suitcase’s exterior.

Mergers and Acquisitions

• On July 2021, Virgil Abloh and LVMH announced a definitive agreement that LVMH will acquire a majority stake in Off-White LLC, the trademark owner of Off-White. In the acquisition, LVMH will own a 60% interest in the trademark, and Mr. Abloh will retain a 40% interest and continue as creative director of the brand.

Product Launches and Product Expansions

• On December 2020, Away launched its newly expanded holiday collection with its brand new core travel collection just in time for the holidays. The new product offering includes three new backpack styles in a range of colors, a nylon-and-leather zip tote bag, a laptop bag, and a messenger bag.

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.