The North
America travel bags market is expected to be valued at USD 15.28
billion by 2025, according to a new report by Grand View Research, Inc. The
increasing air passenger traffic domestically and growing trend of family trips
over weekends, driven by rising disposable incomes, in the region.
In recent years, economic stability and the resultant
rise in disposable incomes of the population have led to growth of the travel
& tourism industry in the region, with significantly growing trends of
domestic travel and family vacations over weekends. The reasonable air fares
for domestic travel have also led to increasing traffic of business personnel
in air transport, most notably in the U.S.
The short duration of such trips has led to the demand
for smaller and convenient travel goods, including bags, such as duffle bags,
trolleys, and backpacks. The further growth of the travel industry in the
region is expected to have significant impacts on the growth of the travel bags
market during the forecast period.
Duffle bag is the largest travel bag segment in 2016
and is anticipated to register a lucrative growth rate over the analysis
period. However, prepared trolley bags are anticipated to witness fastest CAGR
of 7.1%, from 2017 to 2025.
The growth of duffle bag segment can be attributed to
the growing traveler preferences towards this type of bags, most notably for
travels of short durations, wherein the bag offers major advantages such as
convenience, large packing space, and lightweight.
Browse full research report on North America Travel Bags Market: https://www.grandviewresearch.com/industry-analysis/north-america-travel-bags-market
Further
key findings from the report suggest:
- The demand for travel bags in North America was valued at USD
9,048.9 million in 2016 and is expected to progress at a CAGR of 6.0% from
2017 to 2025. The U.S. dominated North America Travel Bags market in 2016
- Duffle bag generates the highest revenue in the market while
trolley bag is anticipated to register fastest growth rate over the
forecast period
- By distribution channel, supermarkets held the largest market share
of 37.7% in the overall market. However, the online sales channels are
anticipated to witness the fastest CAGR over the forecast period
- Market players such Delsey S.A., VIP Industries Ltd, Samsonite
International S.A. and United States Luggage Company, LLC manufacture a
variety of travel bags for business use and casual use. The competition
among these players is very intense as they operate majorly in North
America and supply all over the world while having similar product
portfolios
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the North America Travel Bags market 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)
- U.S.
- RONA
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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