The North America Travel Bag Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030).
Travel bags have become increasingly popular due to the accessibility offered by e-commerce platforms. Consumers can explore many options, compare features, read reviews, and make informed decisions from the comfort of their homes. The accessibility of the bag brands and styles allows individuals to choose products that resonate with their preferences, leading to increased adoption across different regions.
Social media platforms and influencers are crucial in shaping consumer preferences and driving product adoption. Travel influencers and lifestyle bloggers often showcase their preferred travel bags, highlighting features, durability, and style. This online endorsement not only introduces consumers to new and innovative products but also contributes to the aspirational appeal of certain brands, influencing adoption among their followers.
The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. Similarly, as per the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada, or 75% of the population. By 2025, this percentage is projected to increase to 77.6%. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Travel Bag Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,800.1 million by 2030. The Canada market is experiencing a CAGR of 7.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7% during (2023 - 2030).
Free Valuable Insights: The Travel Bag Market is Predict to reach USD 28.1 Billion by 2030, at a CAGR of 5.7%
Based on Material, the market is segmented into Soft-Side, and Hard-Side. Based on Luggage Type, the market is segmented into Duffle, Backpacks, and Trolley. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarkets/Hypermarkets, Online Stores, Factory Outlets, and Others. Based on Price Range, the market is segmented into Medium Range, Low Range, and Premium. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Material
By Luggage Type
By Distribution Channel
By Price Range
By Country
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