Bags and luggage market value forecast worldwide 2027| ��ƽ��

Bags and luggage market value forecast worldwide from 2021 to 2027 (in billion U.S. dollars)

Characteristic	Market value in billion U.S. dollars
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Release date

May 2023

More information

Region

Worldwide

Survey time period

2021 to 2027

Supplementary notes

Bags and luggage, as defined by Euromonitor, includes handbags, backpacks, business bags, crossbody bags, duffel bags and cases which serve common everyday purposes or specific functions during travel, sports or formal occasions. Sports equipment bags, such as golf, tennis and bowling, insulated food and beverage bags and musical instrument cases are excluded.
This ��ƽ�� estimate is based on the 2023 value and the compound annual growth rate until 2027 of 6.3%, which were provided by the source. An exponential development of the value was assumed. The values for 2021 to 2023 were provided by the source.

Citation formats

In 2022, the bags and luggage market was valued at approximately *** billion U.S. dollars worldwide and was forecast to be worth *** billion dollars in 2026.

The global luggage market

Historically, luggage consisted of trunks or chests, but today they include briefcases, backpacks and suitcases. Consumers have a large variety of different sizes, colors, and styles they can choose from which suits their particular purpose and personal style. Luggage can be segmented into travel, business or casual use. Disposable income amongst consumers and the growing economy are the main factors which fuels leisure travel and thus, luggage purchases. The travel and tourism market revenue was highest in the *** in 2023, followed by and **.

Samsonite

The largest player in global travel goods is Samsonite. The company was founded in 1910 in the United States, however has since moved it’s head of operations to Luxembourg. Samsonite operates several popular brand names, including American Tourister, Tumi, Speck and High Sierra, to name a few. As of 2022, a ** percent share of Samsonite’s net sales was attributed to travel-related products. *** was the leading region of Samsonite sales, followed closely by ****.