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Published Date : 17-May-2024 |
Pages: 77 |
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The United States (US) Travel Bag Market size is expected to reach $5.8 Billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 138830.7 Thousand Units, experiencing a growth of 4.7% (2019-2022).
The travel bag market in the United States is a dynamic and competitive industry catering to the diverse needs of travelers, ranging from leisure tourists to business professionals. One of the key drivers of the travel bag market is the growing frequency of travel among Americans. Whether for domestic getaways or international adventures, individuals increasingly seek durable, versatile, and aesthetically pleasing bags to accompany them on their journeys. From carry-on luggage for air travel to backpacks for outdoor adventures, the range of travel bag options reflects modern travelers' diverse needs and preferences.
In addition to functionality, style significantly shapes consumer choices within the travel bag market. As travel becomes more intertwined with lifestyle and self-expression, Americans are seeking bags that serve a practical purpose and make a fashion statement. This has led to the emergence of trendy designs, innovative materials, and collaborations between bag manufacturers and fashion brands, catering to Americans who prioritize both form and function.
The COVID-19 pandemic has significantly impacted the travel bag market, disrupting travel patterns and consumer behavior. With restrictions on non-essential travel, many individuals have postponed or canceled their travel plans, leading to a temporary decline in demand for travel bags. Moreover, the pandemic has also influenced the types of travel bags in demand, with a greater emphasis on hygiene and cleanliness. Anti-microbial materials, easy-to-clean surfaces, and hands-free features have become increasingly sought after by consumers concerned about health and safety while traveling.
The travel and tourism industry in the United States has experienced significant growth in recent years, leading to a parallel expansion in the travel bag market. One of the primary drivers of expanding the travel bag market is the rise in domestic and international travel. As more people explore destinations within the U.S. and abroad, there is a greater demand for durable, functional, and stylish travel bags to accommodate their belongings. Whether for short weekend getaways or extended vacations, consumers seek bags that offer convenience and organization without compromising style.
According to the International Trade Administration, the travel and tourism industry in the United States saw remarkable growth in 2019, with international visitors contributing a staggering $233.5 billion to the economy, equating to nearly $640 million being injected into the U.S. economy daily. This surge in spending underscored the industry's significant impact, as it generated $1.9 trillion in economic output, representing 2.9% of the country's GDP. Notably, at 14.5% of international travel spending worldwide, the United States emerged as the top destination for international travelers, surpassing all other countries in terms of visitor expenditure. This robust expansion of the travel and tourism sector resonates particularly within the travel bag market in the U.S., reflecting increased demand and opportunities for growth within this segment.
Additionally, the emergence of travel influencers and social media has fueled the desire for aesthetically pleasing travel gear in the U.S. Millennials and Gen Z, particularly, are drawn to visually appealing luggage brands that align with their lifestyle and values. Furthermore, technological advancements have transformed the travel bag market, with features such as built-in charging ports, GPS tracking, and lightweight materials becoming increasingly common. Thus, the growth of the travel and tourism industry, coupled with the influence of social media and technological advancements, has propelled the demand for stylish, functional, and tech-savvy travel bags in the United States.
In recent years, the travel bag market in the United States has witnessed a noticeable surge in demand for trolley bags, reflecting evolving consumer preferences and travel habits. With the increasing pace of modern life and the prevalence of air travel, travelers seek luggage solutions that make navigating airports, train stations, and other transportation hubs easier. This convenience factor has significantly contributed to the growing popularity of trolley bags in the U.S. travel bag market.
Another factor driving the demand for trolley bags is the increasing emphasis on durability and quality. Modern travelers in the U.S. are willing to invest in luggage that withstand the rigors of frequent travel. Manufacturers have responded to this demand by incorporating durable materials such as ballistic nylon, polycarbonate, and ABS plastic into their trolley bag designs.
Furthermore, the evolving fashion trends and style preferences have influenced the design aesthetics of trolley bags, transforming them from purely functional items into fashion statements. Many brands in the U.S. offer trolley bags in a wide range of colors, patterns, and designs, allowing travelers to express their style while on the go. Therefore, the surge in demand for trolley bags in the United States is attributed to their convenience, durability, and evolving fashion appeal, reflecting modern travelers' changing needs and preferences.
The travel bag market in the United States is a vibrant and competitive industry catering to the diverse needs of travelers nationwide. One of the leading companies in the U.S. travel bag market is Samsonite, a household name synonymous with quality and reliability. Founded in Denver, Colorado, in 1910, Samsonite has established itself as a pioneer in the luggage industry, consistently delivering innovative designs and durable products. With a wide range of offerings, including luggage sets, duffel bags, and backpacks, Samsonite caters to travelers of all types, from frequent flyers to weekend adventurers.
Away is a relatively newer entrant to the U.S. travel bag market but has quickly gained popularity among millennials and urban travelers. Founded in 2015 by former Warby Parker executives, the company disrupted the industry with its direct-to-consumer model and sleek, minimalist designs. Specializing in lightweight yet durable suitcases and travel essentials, Away offers affordable luxury for the modern traveler.
Another prominent player in the U.S. travel bag market is Tumi, known for its premium and luxury travel accessories. Founded in 1975 in New Jersey, Tumi has built a reputation for its high-quality craftsmanship and attention to detail. Targeting affluent travelers and business professionals, Tumi's product lineup includes luxury luggage, briefcases, and travel accessories that combine style with functionality.
For outdoor enthusiasts and adventure seekers, companies like The North Face and Patagonia dominate the travel bag market with their rugged and performance-driven travel bags. Known for their durability and functionality, these brands cater to travelers who prioritize exploration and outdoor activities. Whether trekking through the wilderness or navigating bustling city streets, The North Face and Patagonia offer a range of backpacks, duffel bags, and travel packs designed to withstand the rigors of adventure.
In recent years, there has been a surge in demand for sustainable and eco-friendly travel bags, leading to the rise of companies like REI Co-op and Osprey. These brands prioritize sustainability in their manufacturing processes and materials, appealing to environmentally conscious consumers. With a focus on durability and ethical production practices, REI Co-op and Osprey offer a range of eco-friendly options for eco-conscious travelers. From established industry giants to innovative startups, each player brings unique offerings, ensuring that consumers have ample choices when selecting the perfect travel bag for their journeys.
By Material
By Luggage Type
By Distribution Channel
By Price Range