The North America travel bags market stood at USD 9.05 billion in 2016. The market is observing huge demand from the U.S. on account of rising air passenger traffic domestically and the growing trend of family trips over weekends, driven by rising disposable incomes.
The North America region witnessed considerable improvements in economic stability over the past few years, with the U.S. and Mexico depicting growth in GDP, industrial performance, trade, etc. This has also positively impacted the growth of dependent industries such as commercial air transport, travel & tourism, and hospitality, among others.
The economic growth in the region has led to a rise in disposable incomes of the population, thereby enabling them to spend more on luxury goods and services. Domestic travel and family vacations increased significantly in the region over the past few years, thereby providing a boost to the commercial air transport, travel & tourism, and hospitality industries.
The industry is fragmented in nature, with the presence of a large number of small & medium enterprise suppliers of key products such as duffle bags, trolley bags, and backpacks. Top companies such as Samsonite are facing significant competition from these smaller players, as the latter is focusing more on developing and introducing advanced, application-specific travel bags for the consumers in the region. Some of the players in the North America industry include Fabri-Tech Inc., LBU, Inc., Harken Canvas, Samsonite, and The Lincoln Electric Company.
Counterfeiting is one of the biggest challenges faced by the industry, as it could have adverse impacts on market growth in the region. Both demands as well as supply sides of the industry are affected by counterfeiting operations. For instance, counterfeiting reduces sales volumes and the incentives for manufacturers to innovate; results in downward pressure on product prices; and increases the risk of manufacturers having to shut down their operations due to losses and other challenges. Consumers, on the other hand, are faced with risks pertaining to their health and safety, wherein substandard products can cause mild inconveniences to life-threatening issues. In addition, counterfeit products lead to erosion of consumer confidence, while also rendering them economically worse-off.
Demand for soft side bags accounted for the largest share of revenues in 2016, accounting for 77.5% of the overall market. However, this segment is expected to grow at a comparatively slower rate owing to the security issues and lack of protection for passenger belongings associated with soft side bags.
However, hard side bags would be witnessing the fastest CAGR in the forecast period. The key features of this type of bags, including lightweight & high-strength construction, better security against thefts, and maximum packing space, are expected to have positive impacts on the consumer demand over the forecast period.
The demand for duffle bags dominated market revenues in 2016. The growth of this segment can be attributed to the growing traveler preferences towards this type of bag, most notably for travel of short durations, wherein the bag offers major advantages such as convenience, large parking space, and lightweight.
Growing demand for hybrid trolley bags (soft exterior; hard and high-strength construction), owing to their key features such as aesthetics, convenience, protection of belongings, and better security is further expected to drive the market growth.
The supermarkets/hypermarkets emerged as the largest distribution channel. Supermarket giants such as Walmart stores for goods that cater to a vast majority of their needs, including travel goods. The availability of a wide range of products, from multiple suppliers and at different price ranges, can be regarded as one of the prime factors driving the demand for travel bags via supermarkets and hypermarkets.
The growing convenience of online shopping has led to a major shift in consumer preferences for the purchase of travel bags and other goods through e-commerce platforms, such as Amazon, eBay, etc. This can be regarded as the prime factor driving the rapid growth of the online store's segment.
The share of the U.S. market is expected to decline owing to the rapid growth of travel bags consumption in Mexico. The economic growth in Mexico and the resultant rise in disposable incomes has led to increasing incidences of domestic and international traveling among the population, thereby propelling the demand for travel bags.
The market is characterized by the presence of major international players with such Delsey S.A., VIP Industries Ltd, TGHI, Inc, Samsonite International S.A., and the United States Luggage Company, LLC among a few other companies. These companies focus on widening their product portfolios to meet the varying needs of customers.
Attribute |
Details |
The base year for estimation |
2016 |
Actual estimates/Historical data |
2014 - 2016 |
Forecast period |
2017 - 2025 |
Market representation |
Revenue in USD Million, and CAGR from 2017 to 2025 |
Country scope |
The U.S., and RONA |
Report coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at the country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the North America travel bags market report on the basis of material, product, distribution channel, and country:
Material Outlook (Revenue, USD Million; 2014 - 2025)
Hard side
Soft side
Product Outlook (Revenue, USD Million; 2014 - 2025)
Duffle
Trolley
Backpacks
Distribution Channel Outlook (Revenue, USD Million; 2014 - 2025)
Supermarket/Hypermarket
Specialty Stores
Online Stores
Others
Country Outlook (Revenue, USD Million; 2014 - 2025)
The U.S.
RONA
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