DUBLIN--(BUSINESS WIRE )--The "Travel Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global travel bags market reached a value of US$ 16.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 23.2 Billion by 2027, exhibiting a CAGR of 6.17% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Travel bags are a type of travel gear that is used by explorers, trekkers, tourists and travelers to carry their clothes and other belongings. Duffel bags, wheeled backpacks, rolling luggage, weekenders, totes, and travel packs are the most common types of travel bags available in the market. The hard-side variants are manufactured using materials such as polypropylene, polycarbonate and acrylonitrile-butadiene-styrene (ABS) and are suitable for carrying electronic gadgets and fragile products.
On the other hand, the durable and light-weight soft-side variants are manufactured using nylon, polyester, cotton, leather and vinyl. These travel bags are available in a variety of sizes, patterns and colors and can be customized according to the consumers' demands.
The growing tourism industry, along with rapid urbanization across the globe, currently represents as one of the key factors driving the growth of the market. Furthermore, consumers are now more inclined to spend on premium and luxury travel bags to keep up with the ever-changing trends.
Various product innovations, such as the launch of visually appealing and creative designs, along with eco-friendly variants, are also creating a positive outlook for the market. Consumers are increasingly adopting luggage and travel bags, which are made using natural and organic fabric dyes, organic canvas, recycled leather and other eco-friendly materials.
Other factors, including aggressive promotional activities by brands and the development of the online retailing market that provides a hassle-free shopping experience to the customers while displaying a wide range of options to choose from, are projected to drive the market further.
Key Questions Answered in This Report
1. What was the size of the global travel bags market in 2021?
2. What is the expected growth rate of the global travel bags market during 2022-2027?
3. What are the key factors driving the global travel bags market?
4. What has been the impact of COVID-19 on the global travel bags market?
5. What is the breakup of the global travel bags market based on the material type?
6. What is the breakup of the global travel bags market based on the luggage type?
7. What is the breakup of the global travel bags market based on price range?
8. What is the breakup of the global travel bags market based on the demography?
9. What is the breakup of the global travel bags market based on the distribution channel?
10. What are the key regions in the global travel bags market?
11. Who are the key players/companies in the global travel bags market?
6 Market Breakup by Material Type
7 Market Breakup by Luggage Type
8 Market Breakup by Price Range
10 Market Breakup by Distribution Channel
For more information about this report visit https://www.researchandmarkets.com/r/aliiyo
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900