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.
Full research report on North America travel bags
marketanalysis: 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
View more reports of this category by Grand View Research
at: 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
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/north-america-travel-bags-market-analysis
https://www.grandviewresearch.com/press-release/north-america-travel-bags-market-analysis
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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