Market Overview

The Global Luggage Market was valued at USD 38,612.6 million in 2023 and is expected to reach USD 72,000.3 million by 2031 while growing at a CAGR of 8.1% during the forecast period (2024-2031) 

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global luggage market growth. Luggage encompasses a diverse range of items including suitcases, travel bags, backpacks, duffel bags, and wheeled luggage, among others, all essential for travelers to organize and safeguard their belongings during transit.

The expansion of the travel and tourism industry, along with ongoing innovations in luggage design, functionality, and usage, drives the growth of the luggage market. However, obstacles such as shifts in travel trends and economic downturns may impede market expansion.

Furthermore, the global luggage industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Luggage Market is segmented among Travel Luggage, Business Luggage, Sports Luggage, Backpack, and Other Product Types, based on product type. In 2023, Travel Luggage accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Material Analysis

The Global Luggage Market is segmented among Hard Case, and Soft Case, based on Material. In 2023, Soft Case accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Luggage Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are LVMH Moet Hennessy Louis Vuitton, Samsonite International SA, Swiss Army Brands, Inc. (Victorinox AG), Valigeria Roncato SPA, Piquadro SPA, PVH Corp., Delsey Paris, Chanel Limited, Hermes International SA, Tapestry Inc, and Kering SA.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Luggage Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Luggage Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Luggage Market Segmentation, By Product Type

• Global Luggage Market Share Analysis, By Product Type

• Global Luggage Market Growth Analysis, By Product Type

• Global Luggage Market Trends, By Product Type

o Travel Luggage

o Business Luggage

o Sports Luggage

o Backpack

o Other Product Types

6. Global Luggage Market Segmentation, By Material

• Global Luggage Market Share Analysis, By Material

• Global Luggage Market Growth Analysis, By Material

• Global Luggage Market Trends, By Material

o Hard Case

o Soft Case

7. Global Luggage Market Segmentation, By Distribution Channel

• Global Luggage Market Share Analysis, By Distribution Channel

• Global Luggage Market Growth Analysis, By Distribution Channel

• Global Luggage Market Trends, By Distribution Channel

o Offline Retail Stores

o Online Retail Stores

8. Global Luggage Market Segmentation, By Region

• Global Luggage Market Share Analysis, By Region

• Global Luggage Market Growth Analysis, By Region

• Global Luggage Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• LVMH Moet Hennessy Louis Vuitton*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Samsonite International SA

• Swiss Army Brands, Inc. (Victorinox AG)

• Valigeria Roncato SPA

• Piquadro SPA

• PVH Corp.

• Delsey Paris

• Chanel Limited

• Hermes International SA

• Tapestry Inc

• Kering SA  

 *Similar analysis will be provided for each company listed above.