The Global Travel Accessories Market is anticipated to cross USD 78.26 Billion by 2029, increasing from USD 53.41 Billion in 2023 with a 6.71% CAGR from 2024 to 2029.
The travel accessories industry has witnessed significant growth in recent years, fueled by the increasing globalization of travel and the rise of the experience economy. As more people travel for leisure, business, and education, the demand for travel accessories continues to expand. The increasing disposable income in emerging markets presents significant growth opportunities for the travel accessories industry. As more people travel internationally, brands can expand their reach by targeting these markets with tailored products. The surge in online shopping offers travel accessory brands the opportunity to reach a wider audience. Investing in e-commerce platforms and digital marketing strategies can enhance visibility and sales. Partnerships with airlines, hotels, and travel agencies can create synergies that benefit both parties. Collaborating on co-branded products or exclusive collections can increase brand awareness and consumer engagement. Continuous innovation in product design and functionality can help brands stand out in a crowded market. Investing in research and development to create unique, high-quality products can capture consumer interest and loyalty. Travel and tourism include leisure tourism, medical tourism, business tourism, and others. Factors contributing in the growth of travel and tourism industry such as, changing lifestyles, rising tourism promotion, increasing accessibility of transport facilities, and others are expected to proliferate the sales of the travel accessories during the assessment period. Furthermore, steady growth in travel & tourism market and easy as well as affordable accesses to the hospitality and infrastructure facilities are likely to encourage people to opt for tours and travel, which are estimated to aid the expansion of the market during the forecast period. On the other hand, globalization of business is benefiting the market since various organizations travel in multiple countries for business purpose. This also created demand for travel accessories. Key business organizations, like Toyota Motor Corporation, Mc Donald's, Wal-Mart stores Inc., etc. have started exploration beyond national boundaries to tap more business opportunities. Therefore, business travel has been growing dynamically in the last decade, where people required basic travel accessories including travel bags, business cases, electronic accessories, and others for a convenient voyage. According to the research report, “Global Travel Accessories Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 78.26 Billion by 2029, increasing from USD 53.41 Billion in 2023. The market is expected to grow with a 6.71% CAGR from 2024 to 2029. Eco-friendly travel accessories are gaining traction as consumers become more environmentally conscious. Brands are focusing on sustainable materials, such as recycled plastics and organic fabrics, to create products that minimize environmental impact. The integration of technology into travel accessories is transforming the industry. Smart luggage, portable chargers, and travel apps that provide real-time updates are becoming essential for modern travelers. These innovations enhance convenience and security, catering to the tech-savvy consumer. Customization is a growing trend, with consumers looking for unique travel accessories that reflect their personal style. Brands are offering personalized products, such as monogrammed luggage tags and customized travel organizers, to cater to this demand. The COVID-19 pandemic has heightened awareness of health and safety among travelers. Accessories such as sanitizing wipes, face masks, and portable air purifiers have become essential. Brands that prioritize health and safety features are seeing increased demand. Consumers prefer travel accessories that serve multiple purposes. For instance, backpacks that convert into duffel bags or travel pillows that double as blankets are popular among travelers seeking versatility and convenience. Travel accessories provide safety and convenience to the users while traveling. Consumers prefer lightweight, compact-sized, and personalized travel essentials to hold luggage conveniently during outdoor activities. Manufacturers produce products made of unique designs and functionalities to ensure that users get a comfortable journey with the products. For instance, in April 2024, Swiss Military, a luxury travel gear maker, launched an innovative line of nine products featuring unique specifications of 8-wheel designs and aluminum trolleys. These products are available at affordable prices in India.
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleMarket Drivers • Experience-Driven Travel Culture: Today's consumers prioritize experiences over material possessions, influencing their purchasing behavior. As travel becomes more about creating memories, there’s a growing demand for accessories that enhance those experiences like versatile packing cubes for organization or smart luggage that improves the journey. • Health and Wellness Focus: The increasing awareness of health and wellness is driving demand for travel accessories designed with this focus. Products such as ergonomic neck pillows, sleep masks, and portable air purifiers are gaining popularity as travelers seek comfort and cleanliness, particularly in crowded environments like airports and airplanes. Market Challenges • Rapidly Changing Consumer Preferences: The fast pace of shifting consumer preferences fueled by social media trends and influencer marketing—poses a challenge for brands trying to keep up. What was popular last season may quickly become obsolete, requiring brands to remain agile and innovative to meet evolving tastes. • Global Economic Uncertainty: Economic fluctuations and geopolitical tensions can impact consumer spending on travel accessories. A decline in disposable income or travel restrictions can lead to reduced demand, forcing brands to navigate unpredictable market conditions while maintaining profitability. Market Trends • Traveling with a Purpose: A notable trend is the rise of purposeful travel, where consumers are seeking accessories that reflect their values, such as sustainability, social responsibility, and cultural awareness. Brands that emphasize ethical production practices or give back to communities are becoming increasingly attractive to conscientious travelers. • Digital Integration and Connectivity: As connectivity becomes a crucial aspect of travel, accessories that integrate seamlessly with digital devices are on the rise. This includes luggage with built-in charging ports, travel organizers with RFID-blocking capabilities, and even apps that track your accessories. This trend caters to tech-savvy travelers who prioritize convenience and security while on the go.
By Product Type | Travel Bags | |
Travel Pillow And Blanket | ||
Portable charger | ||
Pet Travel Accessories | ||
Travel Toiletry | ||
Travel Safety kit | ||
Others | ||
By Distribution Channel | Supermarkets and Hypermarkets | |
Speciality Stores | ||
Factory Outlets | ||
Online Stores | ||
Others | ||
Geography | North America | United States |
Canada | ||
Mexico | ||
Europe | Germany | |
United Kingdom | ||
France | ||
Italy | ||
Spain | ||
Russia | ||
Asia-Pacific | China | |
Japan | ||
India | ||
Australia | ||
South Korea | ||
South America | Brazil | |
Argentina | ||
Colombia | ||
MEA | United Arab Emirates | |
Saudi Arabia | ||
South Africa |
Travel bags are leading the travel accessories market due to their essential role in providing organization, convenience, and security for travelers, catering to a diverse range of needs and preferences. Travel bags, encompassing suitcases, backpacks, duffel bags, and carry-ons, have become indispensable for modern travelers as they are designed to meet the varied demands of different travel styles and preferences. Their primary function—transporting personal belongings securely—addresses a fundamental need for anyone on the move, whether for leisure or business. Beyond mere functionality, travel bags have evolved into fashion statements and personal expressions, with countless designs, materials, and styles that appeal to a broad audience. This versatility enables travelers to choose bags that not only fit their practical needs but also reflect their individuality and lifestyle. Additionally, advancements in technology and design have led to the creation of innovative features such as lightweight materials, smart compartments, and security enhancements like RFID-blocking zippers and built-in locks. These features not only improve user experience but also increase the perceived value of travel bags, making them a top priority for consumers investing in travel accessories. The increasing emphasis on efficient packing solutions, coupled with the rise of experiential travel, has further solidified the importance of travel bags, as they help travelers stay organized and prepared for diverse adventures. Supermarkets and hypermarkets lead the travel accessories market due to their extensive product range, convenience, and ability to cater to diverse consumer needs in one-stop shopping environments. Supermarkets and hypermarkets have established themselves as significant players in the travel accessories market by offering a comprehensive selection of products that cater to a wide array of consumer preferences and budgets. These retail formats are characterized by their vast floor space, allowing them to stock a diverse range of travel accessories, including luggage, travel organizers, comfort items, and health and safety products, all in one location. This extensive assortment not only provides convenience for shoppers but also enables consumers to compare products easily, fostering informed purchasing decisions. Additionally, supermarkets and hypermarkets often employ competitive pricing strategies, making travel accessories more accessible to a broader audience, including budget-conscious travelers. The presence of well-known brands alongside private-label options allows customers to choose based on quality and price, further enhancing their shopping experience. Moreover, these retail giants are strategically located in urban and suburban areas, making them easily accessible to consumers, which is crucial during peak travel seasons when last-minute purchases are common. Their marketing initiatives, such as seasonal promotions and bundled offers, effectively attract customers and stimulate impulse buying. In an era where consumers seek convenience and efficiency, supermarkets and hypermarkets have successfully positioned themselves as go-to destinations for travel accessories, capitalizing on their ability to meet the diverse needs of travelers while providing a seamless shopping experience.
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The Asia-Pacific region is leading the travel accessories market due to its burgeoning middle class, increasing disposable incomes, and a cultural emphasis on travel and exploration, which collectively drive high demand for travel-related products. The Asia-Pacific region has emerged as a dominant force in the travel accessories market, primarily due to the rapid economic growth and the expansion of the middle class in countries such as China, India, and Southeast Asian nations. As more people in these countries attain higher disposable incomes, they are increasingly investing in travel experiences, both domestically and internationally. This shift towards travel has led to a significant increase in demand for travel accessories, as consumers seek products that enhance their journeys, from luggage and backpacks to comfort items and travel gadgets. Culturally, there is a growing emphasis on exploration and experiential travel among younger generations, further fueling interest in travel-related products. Additionally, the region's robust infrastructure developments, such as improved transportation networks and increased flight connectivity, make travel more accessible, encouraging spontaneous trips and, consequently, greater purchases of travel accessories. E-commerce growth in the Asia-Pacific has also played a crucial role, enabling consumers to shop for a wide variety of travel products conveniently, often at competitive prices.
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• In November 2023, Emirates, a Dubai-based shop selling luxury products to international arrivals, launched a unique capsule collection of luggage, bags, and accessories. These products are made of fashionable, upcycled materials and suitable for retrofitting aircraft. • In September 2023, Tumi, a Samsonite International S.A.-owned luxury outdoor lifestyle brand, launched an exclusive store at the prestigious Palladium Ahmedabad shopping destination to increase its luxury travel essentials’ reach in the city. • In January 2023, Ricardo Beverly Hills, a Washington, U.S.-based product maker, launched Essentials 5.0, a collection of organizational travel essentials featuring an anti-microbial fabric treatment technology. • In April 2021, Vikki Jones, LLC announced launch of its latest innovation - a blend of sophistication, functionality, and eye-catching details in its latest collection. The new line of bags and accessories are designed to complement luxury travelers. • In 2020, Victorinox AG announced launch of premium robust and water repellant bags in its Vx Touring collection. These travel bags when exposed to tough weather and water will resist abrasion and repel water.
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