The substantial boom in the travel and tourism sector (including medical tourism) fosters the demand for various types of travel bags. The robust movement of business travelers, further fuels the requirement of travel bags especially backpacks and trolleys.
The Global Travel Bag Market was valued at $15,045 million in 2016, and is projected to reach $24,027 million in 2023, growing at a CAGR of 7.1%.
Rise in travel and tourism has intensified the demand for travel bags. Besides, increase in urbanization, changes in lifestyle, and demand for innovative products such as polycarbonated luggage is further expected to impel the global travel bag market between 2017 and 2023. Increase in purchasing power of middle class households especially in the developing regions is anticipated to create more demand for premium and fashionable travel bags in the region. The advancement in technology such as development of smart luggage with GPS system tracker is also projected to expand the growth of overall market during the forecast period (2017-2023)
The global Travel Business Bags market is expected to rise with an impressive CAGR and generate the highest revenue by 2027. Zion Market Research in its latest report published this information. The report is titled Travel Business Bags Market“. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
The Report Lists the Key Companies in the Travel Business Bags Market:
Samsonite Company Stores, United States Luggage Company (LLC), Ace Co. Ltd., Targus Group International Inc., Rimova, Delsey SA, Crown, VIP Industries Ltd., Andiamo, Pathfinder, Lucas, Ciao, Shanghai Fochier Intel Co. Ltd., Tumi, Travelpro International Inc., Antler, New Travel Sports Co. Ltd., Eagle Creek, United States Luggage Company, and Everest.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Travel Business Bags market trends. The report is available for sale on the company website.
Further, the report acknowledges that in these growing and promptly enhancing market circumstances, the most recent advertising and marketing details are very important to determine the performance in the forecast period and make essential choices for profitability and growth of the Travel Business Bags. In addition, the report encompasses an array of factors that impact the growth of the Travel Business Bags in the forecast period. Further, this specific analysis also determines the impact on the individual segments of the market.
Product Types: Hard Side And Soft Side
On the Basis of Application: Supermarkets/Hypermarket, Specialty Stores, Factory Outlets, Online Stores, And Others
FREE : Request Sample is Available @ https://www.zionmarketresearch.com/sample/travel-business-bags-market
Regional Analysis for Travel Business Bags Market :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Travel Business Bags Market :
4.Key Travel Business Bags Market Insights
5.Global Market Analysis, Insights and Forecast, 2015-2027
6.North America Market Analysis, Insights and Forecast, 2015-2027
7.Europe Market Analysis, Insights and Forecast, 2015-2027
8.Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
9.The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
10.Latin America Market Analysis, Insights and Forecast, 2015-2027
12.Global Travel Business Bags Market Revenue Share Analysis, By Key Players, 2021
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.