Travel and Business Bags Market 2022-2026 | Growing Demand For Lightweight Travel Bags to Boost Growth

The growing demand for lightweight travel bags, increasing product brand promotions and marketing campaigns, and the rising…

The growing demand for lightweight travel bags, increasing product brand promotions and marketing campaigns, and the rising online sales of travel and business bags will offer immense growth opportunities. However, the rise in labor costs and fluctuating raw material prices, the presence of counterfeit products, and stringent government regulations on the procurement of raw materials such as leather will challenge the growth of the market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Travel and Business Bags Market 2022-2026: Segmentation

  • Distribution Channel
  • Product
    • Travel Bags
    • Business Bags
  • Geography
    • Europe
    • APAC
    • North America
    • MEA
    • South America

Europe will account for 31% of the market’s growth. In Europe, the primary markets for travel and business bags are Germany, France, and the United Kingdom. The market in this region will increase at a quicker rate than the industry in North America.

The availability of a broad variety of designs in the travel and business bags market, as well as related accessories, will aid the expansion of the travel and business bags market in Europe.

Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., download the sample report: https://www.technavio.com/talk-to-us?report=IRTNTR72414

Travel and Business Bags Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our travel and business bags market report covers the following areas:

This study identifies the growing demand for travel and business bags with smart features as one of the prime reasons driving the travel and business bags market growth during the next few years.

Travel and Business Bags Market 2022-2026: Vendor Analysis

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

  • Capri Holdings Ltd.
  • DELSEY
  • Hermes International SA
  • IT Luggage Ltd.
  • Kering SA
  • LVMH Moet Hennessy Louis Vuitton SE
  • Osprey Packs Inc.
  • Prada SpA
  • Ralph Lauren Corp.
  • Safari Industries (India) Ltd.
  • Samsonite International SA
  • Strandbags Group Pty Ltd.
  • Tapestry Inc.
  • Targus Inc.
  • Tods SpA
  • United States Luggage Co. LLC
  • Valigeria Roncato Spa
  • VF Corp.
  • VIP Industries Ltd.
  • Wildcraft India Pvt. Ltd.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read the latest Sample Report. 

Travel and Business Bags Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist travel and business bags market growth during the next five years
  • Estimation of the travel and business bags market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the travel and business bags market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of travel and business bags market vendors

Do reach out to our analysts for more customized reports as per your requirementsSpeak to our Analyst now! 

Related Reports:

Online Children’s and Maternity Apparel Market in MENA by Price, Application, Age Group, and Geography – Forecast and Analysis 2022-2026

Sports Sunglasses Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026

Travel and Business Bags Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.62%

Market growth 2022-2026

$ 11.27 billion

Market structure

Fragmented

YoY growth (%)

6.91

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 31%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Capri Holdings Ltd., DELSEY, Hermes International SA, IT Luggage Ltd., Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Osprey Packs Inc., Prada SpA, Ralph Lauren Corp., Safari Industries (India) Ltd., Samsonite International SA, Strandbags Group Pty Ltd., Tapestry Inc., Targus Inc., Tods SpA, United States Luggage Co. LLC, Valigeria Roncato Spa, VF Corp., VIP Industries Ltd., and Wildcraft India Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 19: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 25: Chart on Distribution Channel – Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Distribution Channel – Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel
    • Exhibit 27: Chart on Comparison by Distribution Channel
    • Exhibit 28: Data Table on Comparison by Distribution Channel
  • 5.3 Offline – Market size and forecast 2021-2026
    • Exhibit 29: Chart on Offline – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on Offline – Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on Offline – Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Offline – Year-over-year growth 2021-2026 (%)
  • 5.4 Online – Market size and forecast 2021-2026
    • Exhibit 33: Chart on Online – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Online – Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Online – Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Online – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 37: Market opportunity by Distribution Channel ($ million)

6 Market Segmentation by Product

  • 6.1 Market segments
    • Exhibit 38: Chart on Product – Market share 2021-2026 (%)
    • Exhibit 39: Data Table on Product – Market share 2021-2026 (%)
  • 6.2 Comparison by Product
    • Exhibit 40: Chart on Comparison by Product
    • Exhibit 41: Data Table on Comparison by Product
  • 6.3 Travel bags – Market size and forecast 2021-2026
    • Exhibit 42: Chart on Travel bags – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Travel bags – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Travel bags – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Travel bags – Year-over-year growth 2021-2026 (%)
  • 6.4 Business bags – Market size and forecast 2021-2026
    • Exhibit 46: Chart on Business bags – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Business bags – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Business bags – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Business bags – Year-over-year growth 2021-2026 (%)
  • 6.5 Market opportunity by Product
    • Exhibit 50: Market opportunity by Product ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison
    • Exhibit 54: Chart on Geographic comparison
    • Exhibit 55: Data Table on Geographic comparison
  • 8.3 Europe – Market size and forecast 2021-2026
    • Exhibit 56: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 57: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 58: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 59: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 8.4 APAC – Market size and forecast 2021-2026
    • Exhibit 60: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 61: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 62: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 63: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 8.5 North America – Market size and forecast 2021-2026
    • Exhibit 64: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 65: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 66: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 67: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 8.6 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 68: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 70: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 8.7 South America – Market size and forecast 2021-2026
    • Exhibit 72: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 73: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 74: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 8.8 US – Market size and forecast 2021-2026
    • Exhibit 76: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 8.9 China – Market size and forecast 2021-2026
    • Exhibit 80: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 8.10 Germany – Market size and forecast 2021-2026
    • Exhibit 84: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 8.11 France – Market size and forecast 2021-2026
    • Exhibit 88: Chart on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on France – Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on France – Year-over-year growth 2021-2026 (%)
  • 8.12 UK – Market size and forecast 2021-2026
    • Exhibit 92: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography
    • Exhibit 96: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.3 Impact of drivers and challenges
    • Exhibit 97: Impact of drivers and challenges in 2021 and 2026

10 Vendor Landscape

  • 10.2 Vendor landscape
    • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 99: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 100: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 101: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 102: Matrix on vendor position and classification
  • 11.3 Capri Holdings Ltd.
    • Exhibit 103: Capri Holdings Ltd. – Overview
    • Exhibit 104: Capri Holdings Ltd. – Business segments
    • Exhibit 105: Capri Holdings Ltd. – Key news
    • Exhibit 106: Capri Holdings Ltd. – Key offerings
    • Exhibit 107: Capri Holdings Ltd. – Segment focus
  • 11.4 DELSEY
    • Exhibit 108: DELSEY – Overview
    • Exhibit 109: DELSEY – Product / Service
    • Exhibit 110: DELSEY – Key offerings
  • 11.5 Hermes International SA
    • Exhibit 111: Hermes International SA – Overview
    • Exhibit 112: Hermes International SA – Business segments
    • Exhibit 113: Hermes International SA – Key offerings
    • Exhibit 114: Hermes International SA – Segment focus
  • 11.6 IT Luggage Ltd.
    • Exhibit 115: IT Luggage Ltd. – Overview
    • Exhibit 116: IT Luggage Ltd. – Product / Service
    • Exhibit 117: IT Luggage Ltd. – Key offerings
  • 11.7 Kering SA
    • Exhibit 118: Kering SA – Overview
    • Exhibit 119: Kering SA – Business segments
    • Exhibit 120: Kering SA – Key offerings
    • Exhibit 121: Kering SA – Segment focus
  • 11.8 LVMH Moet Hennessy Louis Vuitton SE
    • Exhibit 122: LVMH Moet Hennessy Louis Vuitton SE – Overview
    • Exhibit 123: LVMH Moet Hennessy Louis Vuitton SE – Business segments
    • Exhibit 124: LVMH Moet Hennessy Louis Vuitton SE – Key news
    • Exhibit 125: LVMH Moet Hennessy Louis Vuitton SE – Key offerings
    • Exhibit 126: LVMH Moet Hennessy Louis Vuitton SE – Segment focus
  • 11.9 Samsonite International SA
    • Exhibit 127: Samsonite International SA – Overview
    • Exhibit 128: Samsonite International SA – Business segments
    • Exhibit 129: Samsonite International SA – Key offerings
    • Exhibit 130: Samsonite International SA – Segment focus
  • 11.10 Strandbags Group Pty Ltd.
    • Exhibit 131: Strandbags Group Pty Ltd. – Overview
    • Exhibit 132: Strandbags Group Pty Ltd. – Product / Service
    • Exhibit 133: Strandbags Group Pty Ltd. – Key offerings
  • 11.11 Tapestry Inc.
    • Exhibit 134: Tapestry Inc. – Overview
    • Exhibit 135: Tapestry Inc. – Business segments
    • Exhibit 136: Tapestry Inc. – Key offerings
    • Exhibit 137: Tapestry Inc. – Segment focus
  • 11.12 VF Corp.
    • Exhibit 138: VF Corp. – Overview
    • Exhibit 139: VF Corp. – Business segments
    • Exhibit 140: VF Corp. – Key news
    • Exhibit 141: VF Corp. – Key offerings
    • Exhibit 142: VF Corp. – Segment focus

12 Appendix

  • 12.2 Inclusions and exclusions checklist
    • Exhibit 143: Inclusions checklist
    • Exhibit 144: Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Exhibit 145: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 146: Research methodology
    • Exhibit 147: Validation techniques employed for market sizing
    • Exhibit 148: Information sources
  • 12.5 List of abbreviations
    • Exhibit 149: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio