Mexico Luggage Market Overview, 2029

Over the years, changing travel behavior and lifestyle as well as development has been key to modifying the luggage market in Mexico. In this way, as it has already been shown in previous steps, traditional, long-lasting products from local manufacturers were marketed to meet local traveller’s needs. Recent international traffic and globalization, as well as online shopping, however increased demand for more varied and premium luggage. International brands entered the market and so choices have increased. The boom in tourism and the rise of budget airlines resulted in a considerable demand for more lightweight, strong, and stylish luggage. Innovation in Mexican luggage involves novel materials such as polycarbonate and ABS plastics, which offer strength while providing lightweight usage. Companies also come with intelligent luggage equipped with GPS tracking and charging ports for leading travelers. One other trend that has impacted the production of baggage is the aspect of environmental-friendly and recycled materials in the market. The policies of Mexico that have impacted the luggage market include the trade agreements of USMCA, which means the United States-Mexico-Canada Agreement, that made the imports and exports of the products including luggage easier to manage. The same factor has brought more international brands into the country but has allowed domestic companies to enter international markets as well. Among the biggest and best Mexican companies in the market of bags, stand Tumi Mexico and Totto. These firms have carried numerous products ranging from travel bags, suitcases, and backpacks. For this reason, it has greatly aided the development of the local market through the quality and innovative products available for the Mexican traveler. Besides generating economic benefits through employment, the presence of international players has allowed consumers to diversify their product offerings in Mexico's luggage market and, furthered the activities and travel trends among middle-class individuals, thus expanding the market.

According to the research report "Mexico Luggage Market Overview, 2029," published by Bonafide Research, the Mexico luggage market is expected to reach a market size of more than USD 1700 Million by 2029. The Mexico luggage market is mainly influenced by several demands, factors, and emerging opportunities. Key among them is the dramatic growth in travel-domestic as well as international; Mexico has risen to become one of the greatest tourism and business activity centers. Because of low-cost carriers rising and upgrading transportation infrastructure, people are traveling more, raising the demand for rugged and affordable luggage. The increased levels of the middle class and disposable incomes have allowed more individuals to invest in better quality and branded luggage. Urbanization and lifestyle changes have led to increased frequency in traveling. The cities are developing and launching a new attraction tourist spot. This encourages people to travel more often. There has been an increase in the air travel. That has led to an increase in demand for bags and luggage after the rules and regulation of air travel. The manufacturers of bags need to follow this regulation to comply with the rules set by air travel. Companies have innovatively manufactured the bags through the addition of telescopic handles, 360-degree spinning wheels, and sturdy and ergonomic designs. These factors contribute to this region's market growth of travel bags. As more people start shopping online, so also do luggage companies benefit from this trend by marketing products directly through digital platforms and offering customized luggage as a direct-to-consumer service. Another area that presents market opportunity is sustainable and eco-friendly luggage as the individual in Mexico increases awareness about his or her environment. Luggage companies that invest in recycled materials and sustainable production methods can supply this increasingly large demographic.

The largest type that is sold in the luggage market is driven by growing tourism as well as both domestic and international travel through the Travel Bag segment. Travel bags, including suitcases and rolling luggage, are in demand nowadays because, for most people, they tend to be very pragmatic on going on long trips. Consumers are seeking lightweight, tough, and spacious bags because flying on low-cost carriers appears to require tight but practical bags. Casual Bags places a close second in the list of favorites for weekend getaways, daily use, or spur-of-the-moment destinations. Backpacks, duffel bags, and tote bags fall under this category that advocates the youth or party goers for trips and other adventures like overnight adventure or a hike. Casual bags will be very common, such as the assorted variety of various sizes, in order to provide convenience and to serve diverse purposes. They have become essentials in the wardrobe of students and people with an active way of life. Business Bags are in big demand in the Mexican market due to the rapid development of the country's business and professional spheres. Briefcases, laptop bags, and professional carry-ons will be bought oftentimes by businessmen who demand efficiency, durability, and a rich look. These bags often have specialized spaces to hold electronic equipment and papers to help the on-the-go professional remain organized. Other varieties fall under the umbrella of sports/ baby bags, and fashion-forward handbags. Much smaller in size than travel, casual, and business bags, these exist due to market demand in those niches. They are bought for a purpose, not for a category, often because they appeal aesthetically or are useful in some unique way.

In Mexico luggage market, the Traditional Luggage segment still dominates the market. However, it is fast giving way to Smart Luggage due to tremendous gains in technology and shifts in demand. The standard suitcases, backpacks, and duffel bags are still popular besides being the most ubiquitous forms because of their affordability, durability, and wide availability. Consumers in Mexico still bank on traditional luggage for proved functionality and cost-effectiveness, especially among price-conscious travelers. It has captured a broad range of customers from the leisure business traveler to frequent flyers; it fulfils several requirements, including international travel and weekend getaways. Among Smart Luggage, this is one more product that is garnering much demand in the market because of the increasing number of people adopting technology and modern assistance for travels. The features of smart luggage include GPS tracking, inbuilt charging ports, a digital lock, and weight sensors, which automatically make it very appealing to business travelers and geeks. Now that connectivity has formed an indispensable part of your life, smart luggage would further present convenience, safety, and ease of traveling. In particular, the possibility of tracking the location of luggage and even charging mobile while on the move would attract frequent travelers like any other things who value efficiency and innovation. The ongoing development of electronic solutions will continue to generate further growth in Mexico of smart luggage, coupled with an increase in online shopping, which will present more opportunities for such very high-end products. As Mexican tourists become better informed about the uses of smart luggage, demand will surely surge forward-with younger demographics and commercial travelers.

The Offline Channel still remains majorly as the channel for product sales in the Mexican luggage market; however, this is mainly due to the high passion for the experience of visiting physical stores. Consumers in Mexico will still want to pay a visit to the physical branches that include departmental stores, specialized luggage shops, or retail stores where they assess whether the luggage is strong enough, check on the quality and size before they settle for buying it. This touch aspect of shopping is very crucial for most consumers, especially when shopping for the acquisition of travel bags or business trunks that require meeting certain demands of traveling or working. The offline channel also enables customers to get some kind of personalized assistance and consultancy through the sales persons, which further encourages purchases in store. Online channel growth is strong in particular with the increasing growth in e-commerce platforms as more people continue to shop utilizing digital products for their purchases. Those who make online purchases like convenience, greater product options, and they can compare prices among retailers. Today, consumers tend to buy luggage more and more on other e-commerce sites, such as Amazon, Mercado Libre, and brand sites, if they are searching for certain products, in hopes of future discounts or convenience during discount periods. Home delivery and no-hassle returns did not hurt the cause either.



Considered in this report
• Geography: Mexico
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Mexico 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.