Global Luggage (Casual, Business, Travel) Market Outlook, 2029

The report titled Global Luggage (Casual, Business & Travel) Market provides a comprehensive analysis of the luggage in the world. The report offers a complete guide to the size and share of the market at a national level. Along with historic data, it also provides the latest sales data - thus allowing you to identify the market segments driving growth. The report also identifies leading companies and brands, along with examining competition among them. Forecasts through four years demonstrate how the market is set to change in coming years. Bonafide Research employs comprehensive and iterative research methodology focused on minimizing errors in order to provide the most accurate estimates and forecast possible. Additionally, the report includes a complete guide on global luggage market, with focus on regions like North America, South America, Europe, Asia Pacific and Middle East & Africa. Rapid growth of the travel and tourism industry across the globe is expected to drive growth of luggage market over the forecast period. Moreover, demand for premium range luggage with advanced technologies is expected to increase due to growing luxury travel market and increasing disposable income across the globe. To create more environmentally friendly and sustainable products, Horizn Studios has debuted its new range of luxury luggage. This new luggage range called Circle One is 100% plant-based and biodegradable for ethically aware travellers. The brand has also eliminated the use of single-use plastics in its packaging, and is focusing on the utilization of recyclable materials and cardboard instead. On the other hand, Go Travel has partnered with Case and is all set to take center stage with its accessories now being showcased at the Case store at London’s Heathrow airport. The companies have signed a three-year agreement and the agreement is expected to be followed throughout a majority of Case stores. Go Travel is known for its accessories such as pillows, travel adapters, and travel comfort collection. Another security feature of this bag is the SOS alert button, which sends an alert to 3 contacts with the current GPS location. These features are expected to increase demand for such luggage from the premium sector and thereby, boost growth of the global luggage market. According to the report titled, “Global Luggage Market Outlook, 2029”, published by Bonafide research, the market was valued at USD 53.4 Billion in 2023 and it is anticipated to grow with a CAGR of more than 6.1% from 2024 to 2029, achieving USD 76.3 Billion by 2029. Casual bags are suitable for daily use especially for college going students, women for households shopping etc. The travel bag segment, a major contributor is increasing due to increasing travel and tourism across globe with declining air fare, development of infrastructure, flexibility in job etc. And, business bags include convenience for carrying a laptop and documents. Further, rising internet penetration and technological innovation will go about as an impetus for the market development. Asia-Pacific is the major contributor followed by North America. Rest of three regions constitute around 30% of the luggage market. Factors such as an increase in consumer spending, growth of the travel and tourism industry and a rise in the middle class population with higher disposable income led to an upsurge in the demand for luggage in the region. North America luggage market luggage provides lucrative opportunities in the coming years. Economic stability and growth of the travel and tourism industry in the region gives a resilient opportunity for the luggage market. Discount selling, comfort, replacement of bags, convenience in choice through e-commerce is identified as key trends of the market. This has opened the doors for new prospects for market players. Further, increasing innovations in the market is expected to boost demand for luggage over the forecast period. These innovations are expected to create growth opportunity for manufacturers by attracting larger customer base. For instance, in August 2019, Samsonite collaborated with Panasonic for creating EVOA Tech, a new generation of smart luggage. The luggage will be able to effectively communicate with the owner with the help of IoT. Furthermore, the smart luggage will also include a Bluetooth tracker, biometric locking system, a USB port, and an inbuilt weighing scale.

Based on the report, the type is segmented into travel luggage, causal luggage, business luggage, others. The luggage market is witnessing distinct trends across various segments, with travel luggage leading the market and casual luggage experiencing significant growth. Travel luggage remains the dominant segment due to the increasing frequency of travel, both for leisure and business purposes. Factors such as globalization, rising disposable incomes, and a growing middle class have fueled this demand. Consumers seek durable, functional, and stylish options that can withstand the rigors of travel while offering convenience. Brands like Samsonite have excelled in this segment by providing high-quality products that cater to diverse traveler needs, including ease of maneuverability and spacious designs. Casual luggage is rapidly gaining traction, primarily driven by changing consumer behaviors and lifestyle trends. The rise of short trips, weekend getaways, and spontaneous travel has led to an increased preference for versatile and lightweight options. Casual luggage, which includes duffel bags and backpacks, appeals to younger travelers who prioritize style and functionality over traditional hard-shell suitcases. This segment is particularly popular among millennials who value fashionable yet practical solutions for their travel needs. Business luggage, while not growing as rapidly as travel or casual luggage, remains a significant segment due to the persistent demand from professionals who require reliable and sophisticated options for work-related travel. This includes briefcases and wheeled laptop bags designed for functionality and style. The others category encompasses niche products that cater to specific needs, such as specialized gear for adventure travel or eco-friendly options appealing to environmentally conscious consumers.

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Manmayi Raval

Research Consultant

Based on the report, the form is segmented into traditional luggage, smart Luggage. Traditional luggage, which includes hardside and softside suitcases, remains the leading segment in the global luggage market. This dominance can be attributed to several factors. Firstly, traditional luggage offers a proven track record of durability and reliability, making it a trusted choice for travelers. These suitcases are designed to protect the contents during transit, with sturdy materials and well-designed interiors. Traditional luggage comes in a wide range of sizes, styles, and price points, catering to diverse consumer preferences and budgets. While traditional luggage maintains its lead, the smart luggage segment is experiencing significant growth. Smart luggage incorporates advanced features such as built-in batteries for charging devices, GPS tracking, and even electric wheels for personal transportation. This segment appeals to tech-savvy travelers who value convenience and innovation. The integration of smart features enhances the overall travel experience, making it easier to navigate airports and stay connected on the go. As technology continues to advance and consumer demand for smart solutions increases, the smart luggage segment is poised for further growth in the coming years. The luggage market's evolution reflects the changing needs and preferences of modern travelers. While traditional luggage remains a popular choice for its proven reliability and versatility, the growing smart luggage segment caters to the increasing demand for innovative solutions that simplify and enhance the travel experience. As both segments continue to evolve and adapt to consumer trends, the global luggage market is expected to remain dynamic and competitive. Based on the report, the distribution channel is segmented into offline channel, online channel.

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The luggage market is characterized by two prominent distribution channels: offline channels, which currently lead the market, and online channels, which are experiencing rapid growth. Offline channels, including specialty stores, department stores, and dedicated retail outlets, dominate the luggage market primarily due to established consumer preferences for in-person shopping. Shoppers appreciate the ability to physically inspect products, assess quality, and make immediate purchases. The presence of brand-specific stores enhances consumer trust and brand loyalty, as customers can receive personalized assistance and expert advice. Furthermore, offline retail environments often host promotional events and discounts that attract buyers. The traditional shopping experience remains appealing, particularly for consumers who prefer a tactile interaction with luggage before making a purchase. In contrast, online channels are rapidly gaining momentum, driven by the increasing convenience of e-commerce. Consumers are increasingly drawn to online shopping for its accessibility, allowing them to browse a vast selection of products from the comfort of their homes. The ability to compare prices and read reviews enhances decision-making processes. Additionally, technological advancements such as mobile apps and personalized recommendations improve the online shopping experience. The COVID-19 pandemic accelerated this shift as consumers turned to digital platforms due to restrictions on physical retail spaces. As travel resumes and consumers become more accustomed to online purchasing, this segment is expected to continue its upward trajectory. Key Developments • In September 2019, Samsonite IP Holdings S.AR.L partnered with Panasonic Corporation to launch a new product ‘EVOA Tech’ which enables users to tag and track luggage by their smartphones with the help of Bluetooth and IoT features embedded in the luggage product. • In May 2020, Australian lifestyle company Porsche SE with its brand Porsche Design partnered with Bricstore, to develop high performing and lightweight luggage products in the Italian Market. Considered in this report • Geography: Global • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Global Elevator & Escalator Market with its value and forecast along with its segments • Application wise tire industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type: • Travel Bag • Causal Bag • Business Bag • Other Bag By Form: • Traditional Luggage • Smart Luggage By Distribution Channel: • Offline Channel • Online Channel The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to elevator & escalator industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.