Travel Bag Market size was valued at US$ 20 Bn. in 2020. Backpack, one of the segments reviewed in our report dominated the Travel Bag Market.
Travel Bag Market Overview:
This Travel Bag Market study looks at current and emerging industry trends and dynamics in the Travel Bag Market. Travel Bag Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Travel Bag market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Travel Bag market, key players are profiled and their strategies are thoroughly evaluated.
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Market Scope:
The global Travel Bag market is expected to develop at a steady rate between 2021 and 2027, according to the forecast. Between 2021 and 2027, the industry is expected to grow rapidly, with leading market players putting in significant effort.
The development process is examined, as well as cost structures and development goals and objectives. This global Travel Bag market report covers import/export consumption, supply and demand, cost, price, share, sales volume, revenue, and gross margins. In the global Travel Bag market, this study looks at each producer's manufacturing sites, capacity, production, ex-factory price, market price, sales revenue, and market share. Among the countries (regions) are the United States, Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
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Segmentation:
By Product, Backpack dominated the market with a 42 % share in 2020. The backpacks are easier to carry, can be used multi-purpose, are lightweight, and are less space-consuming. These factors are driving the growth of the segment in the market. The trolley segment is expected to grow at a CAGR of 7 % through the forecast period. High consumer preference, owing to its ease of mobility, comfortable to transport on various surfaces across terminals, subways, and escalators, and navigating busy and crowded terminals. These factors are expected to drive the growth of the market through the forecast period.
Key Players:
• Delsey
• Antler
• Hermes
• Crown
• Samsonite
• Osprey
• VF Corporation
• Victorinox
• Traveler's Choice
• Lowe Alpine
• Deuter
• Standard Luggage Co
• Timbuk2
• Herschel Supply
• Rimowa
• Louis Vuitton
• HIDEO WAKAMATSU
• ACE
• VIP Industries
• TGHI, Inc.
• Samsonite
• Luggage Company
• LVMH Group
• Travelpro Products, Inc.
• Rimowa GmbH
• Kering SA
The global Travel Bag market report includes company profiles, product specifications, production capacity/sales, revenue, price, and gross margin 2021 to 2027, and sales, as well as a comprehensive analysis of the market's competitive landscape and detailed information on vendors, as well as comprehensive details of factors that are expected to challenge the growth of major market vendors.
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Travel Bag market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Travel Bag Market:
The recovery phase of the COVID-19 outbreak has come to an end all around the world. Maximize Market Research's Global Travel Bag Market Status, Trends, and COVID-19 Impact Report 2021 examines the global Travel Bag market in light of current economic conditions. On a regular basis, MMR assesses the impact of the COVID-19 pandemic on a range of sectors and verticals across all disciplines. The same information can be found in Maximize market research (MMR) studies, which help to comprehend how COVID-19 has affected industry decline and growth. In addition, the MMR report aids in assessing the gap between supply and demand in a market. The MMR report also includes analysis, government policy updates, and a variety of other useful data.
Key Questions answered in the Travel Bag Market Report are:
- Which product segment grabbed the largest share in the Travel Bag market?
- How is the competitive scenario of the Travel Bag market?
- Which are the key factors aiding the Travel Bag market growth?
- Which region holds the maximum share in the Travel Bag market?
- What will be the CAGR of the Travel Bag market during the forecast period?
- Which application segment emerged as the leading segment in the Travel Bag market?
- Which are the prominent players in the Travel Bag market?
- What key trends are likely to emerge in the Travel Bag market in the coming years?
- What will be the Travel Bag market size by 2027?
- Which company held the largest share in the Travel Bag market?
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