Global Luggage Market- Market Overview:

The Global Luggage market is expected to grow from USD 35 billion in 2022 to USD 69.73 billion by 2030, at a CAGR of 9% during the Projection period 2023-2030. The growth of this market is mainly driven by the increasing demand for high-end luggage.

Any personal items a traveler brings on a flight, cruise, or bus are considered luggage, whether they are checked or not. A traveler's belongings are kept in luggage, which consists of bags, cases, and containers, while they are being transported. The majority of the time, antique luggage was composed of hefty materials like wood. However, the shape of luggage has radically evolved throughout time. The categories include travel, business, sports, and others depending on the type of goods. Offline, Department Stores, Hypermarkets & Supermarkets, Internet Sales, and Others are some of the different distribution channels for luggage. Value & Mid-Level, Premium, and Luxury are the three different pricing ranges for luggage. Over time, luggage has changed. Chests or trunks made of wood or other sturdy materials were historically the most popular types of luggage. These would be transported by qualified movers. Since the Second World War, hand-carriable suitcases and bags that are smaller and lighter have taken over as the primary type of luggage.

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Market Dynamics:

Drivers:                          

• Significant Development in the Tourism Sector

The expansion of the travel and tourist industries is strongly correlated with the rise in demand for luggage bags. The travel and tourism sector has expanded significantly during the last few years. The tourism sector is currently one of the most dynamic and diverse businesses in the world. Strong outbound tourism is present in nations including China, the United States, South Korea, Brazil, the Netherlands, Spain, Germany, and the United Kingdom. Additionally, over the past few years, the baby boomer segment's expenditure on leisure travel has been rising quickly, which has further fueled the market's expansion. The World Tourism Organization (UNWTO) reports that 1.3 billion people visited other countries for business or pleasure in 2019.

Restraints:                                             

• A negative effect on the market for travel bags could result from increased competition and fewer travelers.

The primary difficulties for makers of travel bags are the availability of locally produced, reasonably priced brands and changes in the tourism industry. There are times when the tourism industry is closed. The COVID outbreak was one such instance. During the pandemic, tourism was completely halted all around the world for about a year. This has a significant impact on the travel luggage industry as well as other tourism-related companies. Even if the pandemic is over now, the effects of the lockdown are still felt. People avoid crowded areas out of fear and prefer to travel locally or to rural locales. This is resulting in an overall fall in the market for travel bags.

Opportunities:

• Technological advancements

The market's technological developments are anticipated to increase demand for smart luggage globally. According to research published in November 2017 in the International Journal for Research in Applied Science & Engineering Technology (IJRASET), a luggage bag has a kick scooter linked to it for the convenience and comfort of the passenger. For instance, OLAF, a Slovenian company that makes scooters with backpacks, offers a 4-in-1 solution that combines a steerable kick-scooter, a strong trolley, a removable ergonomic backpack, and a wooden skateboard.

Challenges:

• High cost of smart luggage

With continuous development in the luggage industry, the cost of production is increasing which hampers market growth. As with developments the incorporation of technology in luggage increases its cost which hampers the global luggage market.

Segmentation Analysis:

The global luggage market has been segmented based on type, distribution, and others.

By Type

The type segment is travel and business. The travel segment led the largest share of the Luggage market with a market share of around 62% in 2022. The rapidly expanding worldwide travel and tourism sector is largely to be responsible for the escalating need for suitcases. Additionally, the hiring of top athletes from around the world as brand ambassadors for luggage makers also contributes to the market expansion of this area.

By Distribution

The distribution segment includes offline and online. The offline segment led the Luggage market with a market share of around 68% in 2022. The expansion of the market is being fueled by the opening of specialized retail locations from leading brands in the offline channel. The sale of these goods will be boosted by rapid urbanization, a burgeoning network of specialty retail establishments, and consumers' preference for the traditional method of purchasing luggage and briefcases at the neighborhood retail market.

Global Luggage Market- Sales Analysis.

The sale of luggage market expanded at a CAGR of 5% from 2016 to 2022.

Traveling is steadily gaining popularity among all people. Everyone has travel plans, whether they be for a domestic or international journey. Travel is becoming a popular way for people to unwind and get away from their mundane everyday lives. One issue that every traveler consistently faces is luggage. Planning what is crucial to pack and bring on a trip is never easy. Travelers prefer larger or several baggages to avoid such hassle. The demand for travel bags will increase as tourism increases. The travel bag market will therefore continue to be active as long as the tourism industry is performing well.

Travelers constantly strive to choose the greatest travel bag for their needs, and manufacturers are always prepared to meet these requests. Since each traveler has unique needs, bag manufacturers offer a variety of features, designs, qualities, and functionalities in their products. As tourism grows and more people travel, whether it is for pleasure or business, a lengthy journey or a short one, bags are also evolving. All of these factors have led to an increase in the market for luggage.

Thus, owing to the aforementioned factors, the global luggage market is expected to grow at a CAGR of 9% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the Luggage market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the Luggage market and held a 41% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. The market is growing as a result of more people traveling abroad from this area. India has 50 million outbound passengers while China has 169 million as of 2019. Additionally, rising domestic travel and tourism also support regional development. The expansion of the bags market is also attributed to rising disposable income and consumers' increased expenditure on travel accessories.
• North America is anticipated to experience significant growth during the Projection period. The market in this region will grow as a result of shifting lifestyles, rising inbound and outbound travel, growing demand for fashion-forward products due to an increase in disposable income, a high working population, the availability of well-known brands, and consumers' willingness to pay more for premium brands.

Global Luggage Market- Country Analysis:

• Germany

Germany's luggage market size was valued at USD 3.6 billion in 2022 and is expected to reach USD 6.27 billion by 2030, at a CAGR of 7.2% from 2023 to 2030. Both domestic and international travel is on the rise in Germany, which is experiencing a surge in the tourist industry. Due to the epidemic and travel restrictions, outbound tourism from Germany was significantly lower than the previous year. Now that the restrictions have been lifted, however, German visitors are eager to travel again. People from Germany spend the most on business and leisure travel abroad. Germans favor robust, lightweight trolley bags since foreign flights have restrictions on baggage weight. There is always a risk of theft or missing luggage, so German travelers invest in luggage with smart locks and built-in GPS.

• China

China’s Luggage market size was valued at USD 5.8 billion in 2022 and is expected to reach USD 10.73 billion by 2030, at a CAGR of 8% from 2023 to 2030. One of the nations with the highest COVID awareness is China, which has restricted visitor entry. All tourists are now welcome within the nation's borders. It is also anticipated that domestic tourism will increase. This implies that businesses for suppliers of travel bags will grow. The simplicity and minimalism that Chinese people are famed for extend to their travel bags as well. Chinese travel bags have a straightforward appearance but are stuffed with distinctive features and vast storage capacities. Not only are vast storage spaces and practical features offered for larger bags, but also for backpacks.

• India

India's Luggage market size was valued at USD 4.8 billion in 2022 and is expected to reach USD 8.62 billion by 2030, at a CAGR of 7.6% from 2023 to 2030. India's baggage sector has seen a significant increase in competition as newcomers like Da Milano and established companies like VIP compete for customers. A rise in travel and tourism activities as well as an increase in business travelers are predicted to fuel market growth and increase demand for travel and business bags. Around 26.92 million Indians visited abroad in 2019, up 11.69% from the previous year, according to the Indian Ministry of Tourism. This suggested that there was more demand for luggage.

Key Industry Players Analysis:

To increase their market position in the global Luggage business, top companies focus on tactics such as adopting new End-User, mergers & acquisitions, Type developments, collaborations, partnerships, joint ventures, etc.

• Berry Global
• Smurfit Kappa
• WestRock Company
• Mondi Group
• Ampac Holdings, LLC
• International Plastics Inc.
• BioBag International AS
• Billerudkorsnas
• Huhtamaki Oyj.
• Fischer Bag Company

Latest Development:

• In July 2021, A final agreement between LVMH and Virgil Abloh was revealed, under which LVMH would buy the majority of Off-white LLC. After the purchase, LVMH will hold a 60% interest in the trademark, while Mr. Abloh will hold a 40% interest and continue to serve as the company's creative director.
• In May 2021, Charlotte Stockdale and Katie Lyall will launch a limited-edition line of luggage and travel gear with RIMOWA. The distinctive polycarbonate grooves on the RIMOWA essential suitcases are splashed with a striking pattern that resembles paint dripping down the outside of the case.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	9%
Market Size	35 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Distribution Channel, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Berry Global, Smurfit Kappa, WestRock Company, Mondi Group, Ampac Holdings, LLC, International Plastics Inc., BioBag International AS, Billerudkorsnas, Huhtamaki Oyj., and Fischer Bag Company.
By Type	Travel Business
By Distribution Channel	Offline Online
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Luggage Market by Type:

• Travel
• Business

Global Luggage Market by Distribution:

• Offline
• Online

Global Luggage Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The growth and development of luggage are supported by powerful political institutions and organizations. Government stability also enables the international expansion of sectors like luggage. Due to political strength and stability, trade links with foreign nations enable sectors like luggage to sustain offshore commercial affiliations simply and seamlessly. The citizens, businesses, and luggage industry must abide by the laws and regulations created by the government and legislators. Such laws may have a significant negative effect on a company's earnings and revenue. The price of goods and services would rise if the government increased the sales tax. People would then start making more selective decisions, which would result in a decline in overall sales. Fewer sales equal less revenue. The supply chain for goods and services would be disrupted if there were any changes in the political climate of the nation, such as protests, blockages, or restrictions. Therefore, if there is a conflict in local politics, businesses cannot operate effectively.

Economical Factors- It is projected that increasing demand for the product in the business and travel industries will drive the market for luggage. The economy requires a moderate pace of inflation in order for industries like luggage to flourish. A moderate rate of inflation will also support business growth and have a favorable impact on consumer confidence and spending habits. The economy will expand as a result, and there will be more money available to spend generally. A higher inflation rate could have an impact on businesses and organizations, erode consumer confidence, and lead to less discretionary spending, which would slow down overall expansion. A decline in inflation will lead to a considerable increase in disposable money, which will likely increase competitiveness, especially through pricing strategies that can lead to unethical price wars that unfairly favor the consumer.

Social Factor- A larger share of the younger population is beneficial for the industry producing luggage since it will provide the company access to a larger consumer base. Additionally, a younger population will supply the luggage industry with more skilled and educated laborers, thereby broadening and deepening the talent pool. The upper middle class and middle class, who are already consumers and supporters of luggage, are equally important. This group encourages young people to become dedicated customers by promoting luggage as a brand. The travel and tourism sector has expanded significantly during the last few years. The tourism sector is currently one of the most dynamic and diverse businesses in the world. Strong outbound tourism is present in nations including China, the United States, South Korea, Brazil, the Netherlands, Spain, Germany, and the United Kingdom. Additionally, over the past few years, the baby boomer segment's expenditure on leisure travel has been rising quickly, which has further fueled the market's expansion. The World Tourism Organization (UNWTO) reports that 1.3 billion people visited other countries for business or pleasure in 2019.

Technological Factors- A strong technological foundation supports country-by-country examination. Technical innovation and progress are happening quickly. Companies like luggage are increasingly using technological innovation and advancement to increase their efficacy and efficiency. The market's technological developments are anticipated to increase demand for smart luggage globally. According to research published in November 2017 in the International Journal for Research in Applied Science & Engineering Technology (IJRASET), a luggage bag has a kick scooter linked to it for the convenience and comfort of the passenger. For instance, OLAF, a Slovenian company that makes scooters with backpacks, offers a 4-in-1 solution that combines a steerable kick-scooter, a strong trolley, a removable ergonomic backpack, and a wooden skateboard.

Environmental Factors- Environmental sustainability and recycling are getting increasing attention. Consumers are becoming more and more insistent that products be recycled before being thrown away. Consumers are also growing more and more interested in purchasing recycled goods. The luggage industry should affiliate with and register with waste management institutions and authorities in order to adhere to regulations, maintain checks, and avert any future concerns. Market players should introduce a green product line that differs from their current products. The business plans to gradually increase the weight of its green product line to increase its impact on environmental sustainability.

Legal Factors- Only a handful of these include laws governing employment, antitrust, health and safety, and consumer protection. These elements could have an impact on a company's operations, expenses, and product demand. Failure to follow the new rules and legal procedures controlling single-use assembly could lead to an organization's and a market's abrupt collapse. There are strict regulations pertaining to the health and safety of employees while at work. Reputable organizations and groups often audit companies to check that safety nets, drills, and other preventative measures are being used. The safety and health of employees encompass not only their physical health but also their emotional and mental wellness. According to national regulations, businesses must construct legally enforceable employment contracts. The respected governmental bodies have approved these agreements, which cover every area of work. Employability agreements foster good relations between all parties and avoid misunderstandings or collusion.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Distribution Channel
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Significant Development in the Tourism Sector
   • 3. Restraints
     • 3.1. A negative effect on the market for travel bags could result from increased competition and fewer travelers.
   • 4. Opportunities
     • 4.1. Technological advancements
   • 5. Challenges
     • 5.1. High cost of smart luggage

6. Global Luggage Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Travel
   • 3. Business
7. Global Luggage Market Analysis and Projection, By Distribution Channel
   • 1. Segment Overview
   • 2. Offline
   • 3. Online
8. Global Luggage Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Luggage Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Luggage Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Berry Global
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Smurfit Kappa
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • WestRock Company
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Mondi Group
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Ampac Holdings, LLC
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • International Plastics Inc.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • BioBag International AS
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Billerudkorsnas
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Huhtamaki Oyj.
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Fischer Bag Company
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Luggage Market, By Type, 2023–2030 (USD Billion)
2. Global Travel, Luggage Market, By Region, 2023–2030 (USD Billion)
3. Global Business, Luggage Market, By Region, 2023–2030 (USD Billion)
4. Global Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
5. Global Offline, Luggage Market, By Region, 2023–2030 (USD Billion)
6. Global Online, Luggage Market, By Region, 2023–2030 (USD Billion)
7. Global Luggage Market, By Region, 2023–2030 (USD Billion)
8. North America Luggage Market, By Type, 2023–2030 (USD Billion)
9. North America Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
10. USA Luggage Market, By Type, 2023–2030 (USD Billion)
11. USA Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
12. Canada Luggage Market, By Type, 2023–2030 (USD Billion)
13. Canada Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
14. Mexico Luggage Market, By Type, 2023–2030 (USD Billion)
15. Mexico Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
16. Europe Luggage Market, By Type, 2023–2030 (USD Billion)
17. Europe Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
18. Germany Luggage Market, By Type, 2023–2030 (USD Billion)
19. Germany Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
20. France Luggage Market, By Type, 2023–2030 (USD Billion)
21. France Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
22. UK Luggage Market, By Type, 2023–2030 (USD Billion)
23. UK Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
24. Italy Luggage Market, By Type, 2023–2030 (USD Billion)
25. Italy Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
26. Spain Luggage Market, By Type, 2023–2030 (USD Billion)
27. Spain Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
28. Asia Pacific Luggage Market, By Type, 2023–2030 (USD Billion)
29. Asia Pacific Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
30. Japan Luggage Market, By Type, 2023–2030 (USD Billion)
31. Japan Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
32. China Luggage Market, By Type, 2023–2030 (USD Billion)
33. China Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
34. India Luggage Market, By Type, 2023–2030 (USD Billion)
35. India Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
36. South America Luggage Market, By Type, 2023–2030 (USD Billion)
37. South America Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
38. Brazil Luggage Market, By Type, 2023–2030 (USD Billion)
39. Brazil Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
40. Middle East and Africa Luggage Market, By Type, 2023–2030 (USD Billion)
41. Middle East and Africa Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
42. UAE Luggage Market, By Type, 2023–2030 (USD Billion)
43. UAE Luggage Market, By Distribution Channel 2023–2030 (USD Billion)
44. South Africa Luggage Market, By Type, 2023–2030 (USD Billion)
45. South Africa Luggage Market, By Distribution Channel 2023–2030 (USD Billion)

List of Figures 

1. Global Luggage Market Segmentation
2. Luggage Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Luggage Market Attractiveness Analysis By Type
9. Global Luggage Market Attractiveness Analysis By Distribution Channel
10. Global Luggage Market Attractiveness Analysis By Region
11. Global Luggage Market: Dynamics
12. Global Luggage Market Share By Type (2023 & 2030)
13. Global Luggage Market Share By Distribution Channel (2023 & 2030)
14. Global Luggage Market Share by Regions (2023 & 2030)
15. Global Luggage Market Share by Company (2021)