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Luggage - Global Market Trajectory & Analytics

  • ID: 338474
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
Luggage Market Recovers from Economic Recession in Sync with Revival in Travel & Leisure Activity

FEATURED COMPANIES

  • Ace Co. Ltd.
  • Delsey S.A
  • Etienne Aigner AG
  • Kipling North America
  • Targus
  • Valigeria Roncato
Global Luggage Market to Reach $79.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Luggage estimated at US$55.6 Billion in the year 2020, is projected to reach a revised size of US$79.5 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027. Casual/Regular Use Bags, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$38.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Suitcases/Travelling Bags segment is readjusted to a revised 5.7% CAGR for the next 7-year period.





The U.S. Market is Estimated at $15.1 Billion, While China is Forecast to Grow at 8% CAGR

The Luggage market in the U.S. is estimated at US$15.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.4 Billion by the year 2027 trailing a CAGR of 8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Business/Computer Bags Segment to Record 4.3% CAGR

In the global Business/Computer Bags segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.8 Billion in the year 2020 will reach a projected size of US$7.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.6 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 283 Featured):
  • Ace Co. Ltd.
  • Antler Ltd.
  • Bric`s Industria Valigeria Fine SPA
  • Delsey S.A
  • Eagle Creek Inc.
  • Etienne Aigner AG
  • JanSport Inc.
  • Kipling North America
  • LVMH Moët Hennessy Louis Vuitton
  • Nike Inc.
  • Samsonite International S.A.
  • Targus
  • Travelpro Products Inc.
  • Valigeria Roncato
  • VF Corp.
  • VIP Industries Ltd.
Frequently Asked Questions about the Global Market for Luggage

What is the estimated value of the Global Market for Luggage?

The Global Market for Luggage was estimated to be valued at $55.6 Billion in 2020.

What is the growth rate of the Global Market for Luggage?

The growth rate of the Global Market for Luggage is 5.2%, with an estimated value of $79.5 Billion by 2027.

What is the forecasted size of the Global Market for Luggage?

The Global Market for Luggage is estimated to be worth $79.5 Billion by 2027.

Who are the key companies in the Global Market for Luggage?

Key companies in the Global Market for Luggage include Ace Co. Ltd., Antler Ltd., Bric`s Industria Valigeria Fine SPA, Delsey S.A, Eagle Creek Inc., Etienne Aigner AG, JanSport Inc., Kipling North America and Nike Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ace Co. Ltd.
  • Delsey S.A
  • Etienne Aigner AG
  • Kipling North America
  • Targus
  • Valigeria Roncato

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and Looming Global Recession
  • An Introduction to Luggage
  • Global Market Outlook
  • Competition
  • Best Luggage Brands

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growth of Travel & Tourism Industry: A Key Indicator of Luggage Sales Trends
  • Exhibit 1: % Change in International Tourist Arrivals for 2019 and Q1 2020
  • Exhibit 2: Global Travel & Tourism Industry Revenues (US$ Billion)
  • Exhibit 3: Key Factors Impacting Recovery of International Tourism Industry
  • Rise in Air Travel and Air Passenger Traffic Influences Demand for Luggage
  • Exhibit 4: Global Number of Scheduled Passengers by Global Airline Industry (in Millions)
  • Customer Desire for High-End Luggage Fuels Growth in Premium Luggage
  • HNWIs and UHNWIs: A Major Customer Category
  • Exhibit 5: Number of Ultra High Net Worth Individuals by Region for 2019
  • Exhibit 6: Number of High Net Worth Individuals by Region for 2010-2019
  • Cross Border Migration Fuels Need for Luggage
  • Convertible & Foldable Luggage Presents Growth Opportunities
  • Ultra-Lightweight Luggage Finds Favor Among Customers
  • Smart Luggage: Incorporating Technology into Luggage
  • Innovative Product Attributes & Technology Advancements Present Growth Outlook
  • Online Sales Transform Luggage Retail Landscape
  • Urbanization & Rising Income Levels Support Market Growth

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • Market Overview
  • Pandemic Results in Sluggish Demand for Luggage
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 283
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Ace Co. Ltd.
  • Antler Ltd.
  • Bric`s Industria Valigeria Fine SPA
  • Delsey S.A
  • Eagle Creek Inc.
  • Etienne Aigner AG
  • JanSport Inc.
  • Kipling North America
  • LVMH Moët Hennessy Louis Vuitton
  • Nike Inc.
  • Samsonite International S.A.
  • Targus
  • Travelpro Products Inc.
  • Valigeria Roncato
  • VF Corp.
  • VIP Industries Ltd.
Note: Product cover images may vary from those shown