Travel Bag Market Summary

The global travel bag market size was estimated at USD 18.78 billion in 2023 and is projected to reach USD 32.29 billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030. The increasing demand for travel bags is being driven by a combination of influential factors and trends that mirror evolving consumer lifestyles and travel patterns.

A major driver is the strong resurgence of the global travel and tourism industry, which has picked up pace significantly following the easing of pandemic-related restrictions. The increase in business-related travel activities, along with a notable rise in leisure tourism, has boosted the demand for a variety of travel bags such as backpacks, trolley bags, and duffel bags. As the volume of both domestic and international travel continues to grow, consumers are prioritizing reliable, functional, and fashionable travel bags to accommodate their specific needs.

Key Market Trends & Insights

• Hard-sided travel bags accounted for a revenue share of 82.5% in 2023. These bags offer enhanced protection for items during travel, particularly under harsh handling conditions. Their sturdy structure is ideal for safeguarding fragile contents such as electronics, glass items, or other valuables, making them a preferred choice for travelers who prioritize security and durability.
• Suitcase-style travel bags accounted for 50.2% of market revenue in 2023. These bags are designed with multiple compartments, internal dividers, and zippered sections that provide superior organization. This helps travelers pack more efficiently, minimizing wrinkles in clothes and improving accessibility, especially during short or multi-stop trips where quick access to essentials is vital.
• Polyester travel bags represented a revenue share of 41.6% in 2023. Polyester is a highly durable and wear-resistant material, making it suitable for frequent travelers. It holds up well against the rigors of travel, such as frequent lifting, placement on conveyor belts, and exposure to different weather conditions, thereby offering long-term value and resilience.
• Sales through specialty stores accounted for 45.6% of revenue in 2023. These retail outlets offer a curated selection of premium travel bags, often including exclusive or high-end brands. Consumers prefer specialty stores for personalized service, expert guidance, and the assurance of quality, which is not always guaranteed with mass-market or online options.
• The travel bag market in North America accounted for a 32.6% revenue share in 2023. There is an increasing trend among consumers in this region to take frequent weekend getaways, short business trips, or staycations. This shift in travel behavior has elevated the demand for compact, stylish, and functional travel bags suitable for short-duration travel.
• In the U.S., the travel bag market continues to expand, driven by the country’s role as a global center for corporate activities and business events. This results in consistent demand for high-quality travel luggage that meets both professional and personal travel requirements.
• The Asia Pacific travel bag market is anticipated to grow at a CAGR of 9.1% from 2024 to 2030. The region is witnessing rapid expansion in its tourism industry, with a rising influx of domestic and international tourists. As disposable incomes increase and consumer aspirations shift toward experiential lifestyles, demand for travel accessories including bags is also rising.
• The European travel bag market is expected to grow at a CAGR of 8.5% from 2024 to 2030. The widespread availability of low-cost airline options across Europe has significantly increased travel frequency. More consumers are taking spontaneous, short-term trips, which boosts the requirement for durable, lightweight, and cabin-friendly travel bags.

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Market Size & Forecast

• 2023 Market Size: USD 18.78 Billion
• 2030 Projected Market Size: USD 32.29 Billion
• CAGR (2024-2030): 8.3%
• North America: Largest market in 2023

Key Companies & Market Share Insights

The travel bag market remains highly competitive, driven by innovations in product design, enhanced functionality, and changes in consumer preferences. Leading manufacturers are focusing on research and development to create affordable yet high-quality offerings. Advancements in material technologies and smart luggage features are helping brands stay ahead in a saturated marketplace.

Additionally, market players are engaging in strategic collaborations such as partnerships, joint ventures, mergers, and acquisitions to bolster their market standing and expand global footprints. Companies are also concentrating on educating consumers about material types and bag functionalities while adhering to international regulations to ensure product safety and sustainability.

Key Players

• Tumi Holdings, Inc.
• Samsonite International S.A.
• Travelpro International, Inc.
• Briggs & Riley
• American Tourister
• Rimowa
• Delsey Paris
• Victorinox Swiss Army
• Hartmann Luggage
• Eagle Creek

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Conclusion

The global travel bag market is on a steady growth trajectory, driven by rising travel activities, changing lifestyle preferences, and increased consumer focus on quality and functionality. With business and leisure travel both contributing significantly, there is robust demand for diverse product types. Hard-sided suitcases and polyester bags remain dominant due to their durability and efficiency. Specialty retail channels continue to thrive, especially in developed regions. Key players are embracing innovation, sustainability, and strategic partnerships to maintain a competitive edge. As global tourism expands and short-distance travel increases, the market is poised to offer lucrative opportunities for manufacturers and retailers alike.