Luggage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Luggage Market

The growing customer preference for high-end luggage equipped with a GPS tracker, rising urbanization, and rising disposable income are expected to drive the Luggage Market in the coming years. The Global Luggage Market report provides a comprehensive analysis of the market. The report provides a thorough examination of key segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

Luggage Market is the personal belongings of a passenger carried onboard an aircraft, ship, or bus, whether checked or unchecked. Luggage is made up of bags, cases, and containers that hold a traveler's belongings while the traveler is in transit. Traditionally, luggage was made of wood or other heavy materials. 

With new advancements and the 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, population migration, and rising disposable income are driving the growth rate.

As market key trends, discount selling, comfort, bag replacement, and choice through e-commerce have been identified. People are traveling more as their disposable incomes increase. This has created new opportunities for market participants.

The expansion of the luggage market will be primarily attributed to the rise of the travel and tourism industry. Commercialization of major sports in many countries, as well as increased female participation in sports, are also influencing the market growth. Several key vendors have begun to introduce a multipurpose sports Luggage Market  that can transport a large amount of sports equipment at once. As the travel and tourism industry expands, there will be greater demand for various types of luggage, such as sports luggage, business luggage, and leisure luggage.

Key players

Tapestry Inc., Rimowa GmbH, Louis Vuitton Malletier, S.A., Victorinox Swiss Army, Inc., Samsonite International S.A, Coach Inc, VF Corporation, Antler Limited, Delsey S.A., Bric's Industria Valigeria Fine SpA, Etienne Aigner AG, and VIP Industries Limited are among the market's key players.

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