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.
For Full Research Report On North America Travel Bags Market Visit Here:
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
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/north-america-travel-bags-market/request/rs1
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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