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The timeline shows the retail sales value of the global luggage market from 2013 to 2018 and provides a forecast from 2019 to 2023. In 2018, the retail sales value of the North American luggage market was approximately *** billion U.S. dollars.

Global Luggage Market

Traveling has increased to a great extent with the rise in urbanization and leisure activities. People are becoming more inclined toward branded and fashionable travel accessories including luggage. The present day meaning of luggage has evolved from a traditional clothes packing medium into a more comfortable, convenient and multi-purposeful travel-companion. Luggage has now become a part of travel apparel which defines personality of the traveler. Nowadays, apart from clothes, luggage bags include shoes, laptops, cameras as well as other related electronic accessories, food items, water bottles, and business files.

The global luggage market was valued at approximately ** billion U.S. dollars in 2018. The travel bag segment held a ** percent share of the overall global luggage market as of 2016. The rising global economy and increasing per capita income are some of the key drivers of the global luggage market. The luggage market can be segmented into three major categories, namely casual bag, travel bag, and business bag. These categories can be further fragmented into backpacks, computer bags, wheel bags, business carry-on tool bags, and sports bags. The casual bag segment, which includes backpacks and wheel bags, is the fastest-growing segment.

Samsonite is one the world's largest travel goods players. In 2018, the total revenue of Samsonite was around *** billion U.S. dollars; with **** percent of its net sales being generated by in North America. The top players in the industry are ACE, Samsonite and VF Corp. although there are several emerging players in developing countries, who operate at the local level.