Luggage Market
                     Luggage Market Likely Boost the Industry Revenue and Demand till 2026
Luggage such as suitcases and bags are available in various size, shape, and designs to enhance 
convenience and comfort while travelling. Growing travel and tourism industry along with rising 
participation in adventure sports and outdoor sports is driving growth of the global luggage 
market. According to the World Travel and Tourism Council, global domestic expenditure on 
travel and tourism in 2014 was US$ 340.4 billion, which increased to US$ 574.6 billion in 2016. 
Technological developments such as smart luggage is further fuelling growth of the global luggage
market. For instance, in January 2018, 90FUN launched new smart suitcase 90FUN Puppy 1 
which follows the traveler.
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However, stringent regulations imposed on smart luggage by International Air Transport 
Association is one the factors restraining growth of the market. For instance, smart luggage 
containing lithium batteries and non-removable batteries are banned by major airlines such as 
American Airlines due to risk of fire.
Business bags segment is gaining significant traction in the luggage market due to increasing 
business travel worldwide, economic improvements in the developing markets, and developments 
in the manufacturing sector. According to the World Travel and Tourism Council, business travel 
investment is estimated to grow by 4.0% in 2017 from 2016 to US$ 1,199.7 billion and increase 
by 3.7% per annum to US$ 1,719.9 billion in 2027.
Specialty stores segment held largest market share in 2016, owing to the various expansions and 
advertising by the specialty stores retailers. For instance, in October 2016, Away, an American 
manufacturer and retailer of luggage launched new stores in New York, U.S. and London, U.K. 
Also, it announced launch of new stores in Berlin, Germany and Los Angeles, U.S. to expand 
retail footprint.
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The global luggage market was valued at US$ 33.28 billion in 2016 and is anticipated to register 
a CAGR of 8.45% in terms of revenue, over the forecast period (2017 – 2025) to reach US$ 67.19
billion by 2025.
Manufacturers operating in the global luggage market are adopting different strategies including 
merger and acquisition and collaborations among others for business expansion. For instance, in 
April 2017, Samsonite International S.A. acquired travel bag retailer eBags Inc. for US$105 
million. In November 2014, Perry Ellis International, Inc. entered into a partnership with UGA 
Fashion S.A. de C.V. for designing, manufacturing and marketing luggage, back packs, travel bags
and travel accessories under the brand Perry Ellis in Mexico.
Key manufacturers operating in the luggage market include Louis Vuitton Malletier, S.A., Rimowa
GmbH, Victorinox Swiss Army, Inc., Coach Inc, Samsonite International S.A., VF Corporation, 
Antler Limited, Delsey S.A., Bric's Industria Valigeria Fine SpA, Etienne Aigner AG, and VIP 
Industries Limited.
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