What is Global Trolley Luggage Bag Market?
The Global Trolley Luggage Bag Market is a vast and dynamic sector that encompasses a wide range of products designed to make travel more convenient and efficient. These bags, equipped with wheels and a retractable handle, are a popular choice among travelers worldwide due to their ease of use and versatility. The market includes various types and sizes of trolley bags, from small carry-on bags to large check-in bags, catering to different travel needs and preferences. The global market for these bags is influenced by several factors, including changing consumer preferences, technological advancements, and the overall growth of the travel and tourism industry. The market is also shaped by the strategies of key players, such as product innovation, mergers and acquisitions, and expansion into new markets.
Hardside, Softside in the Global Trolley Luggage Bag Market:
In the Global Trolley Luggage Bag Market, two main types of bags are prevalent: Hardside and Softside. Hardside luggage bags, made from durable materials like polycarbonate or ABS, are known for their robustness and ability to protect the contents from impacts. They are often preferred for long-haul flights and rough handling. On the other hand, Softside luggage bags, typically made from fabrics like nylon or polyester, offer flexibility and are lighter in weight. They are ideal for short trips and where weight restrictions apply. Each type has its advantages and caters to different consumer needs. The choice between Hardside and Softside often depends on the nature of the trip, personal preferences, and specific requirements of the traveler.
Specialist Retailers, Hypermarkets, E-Commerce, Others in the Global Trolley Luggage Bag Market:
The Global Trolley Luggage Bag Market finds its usage in various areas such as Specialist Retailers, Hypermarkets, E-Commerce, among others. Specialist Retailers are stores that focus on selling specific categories of products. They offer a wide range of trolley luggage bags from various brands, providing consumers with numerous options to choose from. Hypermarkets, on the other hand, are large stores that sell a wide variety of goods, including trolley luggage bags. They offer the convenience of one-stop shopping, which is a significant factor driving their popularity. E-Commerce platforms have also emerged as a popular channel for buying trolley luggage bags. They offer the convenience of shopping from home, a wide range of options, and often competitive prices. Other areas of usage include department stores, discount stores, and duty-free shops at airports.
Global Trolley Luggage Bag Market Outlook:
The future outlook for the Global Trolley Luggage Bag Market looks promising. In 2023, the market was valued at a substantial US$ 18900 million. It is projected to grow significantly and reach a value of US$ 26380 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period from 2024 to 2030. This growth can be attributed to various factors, including increasing global travel, advancements in product design and technology, and the growing popularity of online shopping. However, the market also faces challenges such as intense competition and fluctuating raw material prices. Despite these challenges, the market is expected to continue its upward trajectory, driven by the increasing demand for convenient and efficient travel solutions.
| Report Metric | Details |
| Report Name | Trolley Luggage Bag Market |
| Accounted market size in 2023 | US$ 18900 million |
| Forecasted market size in 2030 | US$ 26380 million |
| CAGR | 5.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Samsonite, VIP Industries, VF Corporation, Delsey, Briggs & Riley, Rimowa, Travelpro, Tommy Hilfiger, Victorinox, Olympia, Fox Luggage, Skyway, Traveler’s Choice, ACE, Diplomat, EMINENT, Trunki, HANKE, Eagle Creek, CROWN, LVMH, Deuter Sport, Fenix Outdoor, Hermès |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
