The Global Travel and Business Bags Market size is projected to grow at a CAGR of 4.8% during the forecast period, to reach USD XX.X billion by 2028. The growth can be attributed to the increasing use of online shopping globally for various purposes such as business or leisure trips, which in turn has led to an increase in demand for travel and business bags across all regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
Travel and business bags are items used by people who need to carry personal belongings in a way that can be easily carried or transported. Bags include luggage, trolleys, backpacks for carrying as well as duffel bags and suitcases. Some of the most important features that these products should have are durability so they last long enough and a good design so they are easy to carry. Travel and business bags are made from a range of materials that can include leather, nylon, cotton, or polyester. The properties of the material depend on how they are going to be used. For example, if someone is using their bag for an overnight stay then it is likely they will want one with more compartments that can accommodate clothes as well as other necessities such as toiletries, shoes, etc. On the other hand, those who need to use them for carrying work-related items may require something bigger so that there is enough space within the container without limiting what objects can fit inside.
On the basis of Type, the global travel and business bags market is segmented into Duffle Bags, Trolley Bags, Suitcases, and Backpacks.
Duffle Bags are designed to carry a large number of items in one go. They feature multiple pockets and compartments for storing the various belongings, which allows them to store more than any other bag type. The overall design makes it easy to neatly pack everything away without anything spilling over or getting lost inside the compartment. The bag is typically made with durable materials that can withstand damage from being dragged around on concrete floors all day long, but still looks professional enough for traveling purposes as well as carrying merchandise home after shopping trips, etc. Duffle bags often come with straps so they can be carried easily by hand or attached to luggage racks if required.
A trolley bag, also known as an upright suitcase, is a large wheeled travel case with multiple compartments. It can be pulled along on four small wheels and has handles for carrying it by hand when the terrain becomes difficult to navigate. Trolley bags come in three main styles, with the difference between them being visible when they are stood up. The first style is a bag that has one large compartment and no smaller compartments for storing small items like make-up or toiletries. This style of trolley bag has two zips - one on either side of the top to allow it to be opened fully, making it easy to pack by lifting out your clothes from both sides simultaneously. The second type of upright suitcase comes with numerous compartments inside which can store many different types and sizes of objects (such as shoes) without taking up too much room; this is useful if you want more than just clothes but don't require any additional storage space for other things.
Suitcases are one of the most popular types of travel and business bags. They come in a variety of sizes, but some examples include large economy size suitcases for traveling over long distances or small carry on suitcases with wheels that can be easily carried as hand luggage on planes. There are also a variety of other types, including garment bags and duffle bags. Suitcases have hard-shelled outer shells made out of polycarbonate or fiberglass that protect the inside contents from damage due to handling or sudden impacts with objects in transit such as being dropped or dragged along the ground.
A backpack is a large bag that can be carried on the back, with two long straps. They are often made of polyester and nylon blends so as to resist water damage or tears. In recent years there have been many new types of backpacks designed for specific activities like mountaineering. A backpack is most suitable for carrying heavier objects, which are too heavy or awkward to carry in one's hand(s), such as books and supplies. It functions by distributing the weight of its contents on either the wearer's back or both straps diagonally over one shoulder blade. A rucksack often has a rain cover built into it with an extended flap that covers the top opening when desired to protect items from getting wet.
On the basis of Application, the global travel and business bags market is segmented into Online Retail and Offline Retail.
Online retail is one of the major applications for travel and business bags. People purchase these items online because they do not want to spend time going to physical stores, waiting in line, or dealing with crowds. Many people also prefer shopping from home instead of driving out into traffic and looking for parking. In addition to convenience, many shoppers order products online that are not available at their local store or those that have a different price point than what's on sale locally. Online retailers range from big-box chains such as Walmart (WMT) and Target (TGT), which offer free shipping over $35; specialty retailer REI; department store Macy’s, etc., all selling everything from luggage sets to backpacks.
Offline retail refers to the sales of products for personal use without any physical contact between buyer and seller. Offline retailers may sell their goods through a brick-and-mortar store, an online storefront, or even by mail order. Travel and business bags are used in offline retail stores as they allow customers to view different options before purchasing the desired product. Offline retail is starting to transform into a digital business due to the increasing number of consumers who are now accessing their online purchases through mobile devices. Retailers are now using apps to track sales and inventory, provide customer support, offer in-store resources such as product information guides or answers to frequently asked questions. This is particularly true for the travel & business bags offline retail application where most of these services are integrated into one app with some retailers that offer a standalone service like Amazon Go which allows consumers to browse items through an interactive system without having to wait on checkout lines.
On the basis of Region, the global travel and business bags market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates this market with a share of over 47% in 2016. The Asia Pacific is expected to grow at a significant pace during 2017-2021 owing to major investments from brands such as Samsonite Corporation Ltd., Luxury Group Limited through their respective acquisitions made earlier on. Europe accounted for about 25% of shares in 2016 followed by Latin America which accounted for 20%. The Middle East & Africa held a relatively small portion of the total market accounting for less than 18%.
Up Market Research published a new report titled “Travel and Business Bags Market research report which is segmented by Types (Duffle Bags, Trolley Bags, Suitcases, Backpacks, Business Bags), By Applications (Online Retail, Offline Retail), By Players/Companies Antler, Delsey, Rimowa, Samsonite, VF Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Travel and Business Bags Market Research Report|
|By Type||Duffle Bags, Trolley Bags, Suitcases, Backpacks, Business Bags|
|By Application||Online Retail, Offline Retail|
|By Companies||Antler, Delsey, Rimowa, Samsonite, VF Corp|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||200|
|Number of Tables & Figures||140|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Duffle Bags, Trolley Bags, Suitcases, Backpacks, Business Bags and By Application Online Retail, Offline Retail.
Some of the companies that are profiled in this report are:
Travel and Business Bags Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Travel and Business Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Travel and Business Bags Market Report:
Some other reports from this category!