According to a new report, published by KBV research, The Global Travel Bag Market size is expected to reach $28.1 billion by 2030, rising at a market growth of 5.7% CAGR during the forecast period.
Travel bags are expected to withstand the rigors of travel, which may include exposure to various weather conditions, rough handling, and frequent use. Durability is a crucial consideration, and manufacturers employ robust materials, reinforced stitching, and quality construction to ensure that travel bags withstand the test of time and maintain their functionality over the long term.
The Soft-Side segment is leading the Global Travel Bag Market by Material in 2022; thereby, achieving a market value of $20.7 billion by 2030. Soft-side luggage often includes features like multiple exterior pockets, making organizing and accessing belongings easy. Soft-side luggage’s soft cushioned exterior provides shock absorption and impact resistance, protecting delicate items or electronics during travel. This feature is particularly valuable for travelers carrying fragile belongings or those concerned about potential rough handling by baggage handlers.
The trolley segment is experiencing a CAGR of 6.2% during (2023 - 2030). Trolley bags, equipped with wheels and a retractable handle, offer unparalleled mobility and convenience. Travelers can effortlessly roll their luggage rather than carry it, reducing the physical strain of traditional handheld bags. The design of trolley bags allows for easy maneuverability in various environments. The multi-directional wheels provide smooth and effortless movement, enabling travelers to navigate crowded spaces, tight corners, and different terrains with minimal effort. This ease of maneuverability enhances the overall travel experience.
The Specialty Stores segment is generated the maximum revenue in the Global Travel Bag Market by Distribution Channel in 2022; thereby, achieving a market value of $11.2 billion by 2030. Specialty stores are staffed with knowledgeable, trained personnel with expertise in travel bags and accessories. Specialty stores often carry diverse travel bag brands, styles, and designs. This variety allows consumers to explore options, from luxury brands to niche or specialized manufacturers. The availability of various styles, including backpacks, suitcases, duffle bags, and more, caters to a wide range of consumer preferences.
The Premium market is expected to witness a CAGR of 6.6% during (2023 - 2030). Premium travel bags are associated with well-known and credible brands that have established themselves in the luxury sector. Premium travel bag manufacturers often invest in innovation and incorporate advanced technologies. Features such as smart luggage with GPS tracking, built-in chargers, and durable, lightweight materials contribute to the appeal of premium bags. Consumers are willing to pay more for bags that offer cutting-edge features.
Full Report: https://www.kbvresearch.com/travel-bag-market/
The Asia Pacific region dominated the Global Travel Bag Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10.1 billion by 2030. The Europe region is anticipated to grow a CAGR of 5.1% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 5.5% during (2023 - 2030).
By Material
By Luggage Type
By Distribution Channel
By Price Range
Unique Offerings 
