North America Travel Bags Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192909
  • Format: Electronic (PDF)
  • Number of Pages: 220
  • Author(s): Joshi, Madhavi

Report Overview

The North America Travel Bags Market size was estimated at USD 18 billion in 2023 and is projected to reach USD 35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

North America Travel Bags Market

(Market Size)
$18 billion
$35 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 18 billion
2030 Market Size USD 35 billion
Key Players Samsonite, Delsey, Rimowa, American Tourister, Travelpro

Market Summary

The North America travel bags market is a dynamic and essential segment within the consumer goods industry, characterized by consistent consumer demand driven by both leisure and business travel. This market encompasses a wide array of products, including backpacks, duffels, suitcases, and specialized travel accessories designed for durability, functionality, and style. The region's strong economic foundation, high disposable income levels, and a deeply ingrained culture of travel contribute significantly to market stability and growth. Consumers in North America exhibit a strong preference for high-quality, brand-conscious purchases, often seeking products that offer a blend of innovative features, aesthetic appeal, and long-term value. The market is also highly responsive to evolving travel trends, such as the increasing popularity of adventure tourism and the demand for lightweight, compliant carry-on luggage. Furthermore, the retail landscape is diverse, spanning from traditional brick-and-mortar stores to a robust e-commerce presence, which provides consumers with extensive choice and convenience. Intense competition among established brands and emerging players fosters a continuous cycle of product innovation and marketing strategies aimed at capturing consumer attention and loyalty. The market's resilience is further demonstrated by its rapid adaptation to post-pandemic travel??, indicating a positive long-term trajectory supported by fundamental consumer behaviors and economic factors.

Key Highlights

The North America travel bags market is distinguished by several key factors that underscore its competitive nature and innovation-driven environment. A primary highlight is the significant influence of brand equity, where companies like Samsonite, VF Corporation, and VIP Industries leverage their strong reputations for quality and reliability to command consumer loyalty and premium pricing. Another critical aspect is the rapid integration of technology into product offerings, with smart luggage featuring GPS tracking, USB charging ports, and biometric locks becoming increasingly prevalent, catering to the tech-savvy modern traveler. Sustainability has also emerged as a powerful differentiator, prompting leading brands to invest in eco-friendly materials such as recycled polyester and responsibly sourced leather, aligning with growing consumer environmental consciousness. The market is further characterized by strategic collaborations and licensing agreements, such as those between luggage manufacturers and popular fashion or sports brands, which expand market reach and appeal to diverse demographic segments. The direct-to-consumer sales model has gained substantial traction, allowing brands to control distribution, gather valuable customer data, and enhance profit margins. Lastly, the market demonstrates remarkable agility in responding to macroeconomic shocks, such as the pandemic, by pivoting marketing strategies and product lines to meet shifting consumer priorities, including health and safety features, demonstrating inherent resilience and adaptability.

Drivers, Opportunities & Restraints

The growth of the North America travel bags market is propelled by a confluence of powerful drivers. A fundamental driver is the consistent recovery and expansion of the travel and tourism industry, with rising numbers of both domestic and international trips fueling demand for new and replacement luggage. Increasing disposable income levels across the region enable consumers to invest in higher-quality, premium, and specialized travel bags, moving beyond basic functionality to seek products that offer enhanced durability, design, and innovative features. The proliferation of e-commerce platforms has dramatically improved product accessibility and price comparison, making it easier for consumers to research and purchase a wide variety of bags, thus expanding the market's reach. However, the market also faces significant restraints, including intense price competition from low-cost manufacturers, particularly from Asia, which can pressure margins for established brands. Fluctuations in raw material costs, such as for nylon, polyester, and leather, also pose a challenge to maintaining stable pricing and profitability. Despite these challenges, substantial opportunities exist. The rising trend of personalized and customized luggage presents a avenue for differentiation and added value. Furthermore, the untapped potential in niche segments, such as luggage designed specifically for digital nomads, eco-tourists, or for specific sports like golf, offers avenues for targeted growth and market expansion for innovative companies.

Concentration Insights

The North America travel bags market exhibits a moderately concentrated landscape, dominated by a mix of large multinational corporations and a growing number of niche, specialized players. The market share is significantly held by a few key players, including Samsonite International S.A., VF Corporation (owner of brands like JanSport and Eagle Creek), and VIP Industries Ltd., who benefit from extensive distribution networks, robust brand recognition, and substantial marketing budgets. These industry giants often compete on a global scale and leverage economies of scale in production and sourcing. Alongside these leaders, there is a vibrant segment of medium-sized and small companies that compete by focusing on specific niches, such as ultra-high-end luxury luggage, avant-garde design, extreme durability for adventure travel, or strong sustainability credentials. This concentration dynamic means that while the top players set trends and pricing benchmarks, there is constant competitive pressure from agile smaller brands that quickly adapt to emerging consumer preferences. The market's concentration is also influenced by retail partnerships, with major players having strong ties with large department stores and online marketplaces, while smaller brands often rely on direct-to-consumer channels or specialty outdoor and travel retailers to reach their target audience.

Type Insights

The product type segmentation is a crucial dimension of the North America travel bags market, with each category addressing distinct consumer needs and travel scenarios. The casual luggage segment, which includes duffel bags and weekenders, remains perennially popular due to its versatility and suitability for short trips and gym use. The travel luggage segment, encompassing hardside and softside suitcases in various sizes (carry-on, checked), represents the core of the market, with continuous innovation focused on weight reduction, wheel maneuverability, and TSA-approved locking systems. The business bags segment, including laptop backpacks, briefcases, and rolling cabin bags, is driven by corporate travel requirements and the need for professional aesthetics combined with organizational features like padded compartments and document sleeves. The adventure segment, featuring specialized backpacks, hiking packs, and duffels designed for durability and comfort in rugged conditions, is growing in tandem with the popularity of outdoor activities. Each type is subject to specific material and design trends; for instance, hardside luggage often utilizes polycarbonate for its lightweight and scratch-resistant properties, while high-end softside luggage may use ballistic nylon for exceptional tear resistance. The evolution of these types is directly linked to material science advancements and shifting consumer lifestyles.

Application Insights

Application insights reveal how travel bags are utilized across different contexts, which directly influences design, feature sets, and marketing strategies within the North America market. The business travel application demands products that prioritize professionalism, organization, and durability. Bags for this segment often feature sleek designs, dedicated laptop compartments, easy-access pockets for documents, and robust construction to withstand frequent use. In contrast, the leisure travel application encompasses a much broader range, from family vacations requiring large, durable checked luggage to solo travel favoring versatile carry-ons and personal item bags. This segment is highly influenced by fashion trends and the desire for personal expression. The specialty travel application is a significant and growing niche, including bags designed for specific activities such as photography (with padded inserts for equipment), adventure sports (water-resistant and highly durable), and even "bleisure" travel (blending business and leisure features). The rise of travel blogging and digital nomadism has also created a new application centered around bags that can securely transport expensive electronic gear while remaining stylish and functional for everyday use. Understanding these distinct applications allows manufacturers to tailor their products with precise features that meet the nuanced demands of each traveler profile.

Regional Insights

Regionally, the North America travel bags market is predominantly led by the United States, which accounts for the largest share of both demand and manufacturing presence. The U.S. market is characterized by its vast consumer base, high per capita income, and a strong culture of travel for both business and leisure purposes. Major metropolitan areas, coastal regions, and states with large populations are particularly high-volume markets. Canada represents a significant though smaller market, with demand patterns closely aligned with those in the U.S., though often with a greater emphasis on durability and functionality suited to its diverse climate and outdoor lifestyle. Distribution channels are well-developed across both countries, with a strong network of department stores, specialty luggage retailers, sporting goods stores, and a mature e-commerce ecosystem. Regional preferences can sometimes emerge; for example, certain styles or brands may have stronger footholds in specific areas due to historical presence or targeted marketing. However, the market is largely homogenized due to national advertising campaigns, the influence of major retail chains, and the pervasive reach of online shopping, which ensures product availability is consistent across the continent.

Company Insights

The competitive landscape of the North America travel bags market is defined by the strategies and portfolios of its leading players. Samsonite International S.A. stands as a global leader, leveraging its portfolio of brands like Samsonite, Tumi, and American Tourister to target various consumer segments from premium business travelers to value-conscious families. Their strategy emphasizes innovation in materials and design, coupled with an extensive global retail and online distribution network. VF Corporation is another powerhouse, owning iconic brands such as JanSport, Eastpak, and Eagle Creek, which allows it to capture significant market share in the backpack and outdoor-oriented travel bag segments with a focus on youth culture and durability. VIP Industries Ltd., through its brand Skybags, maintains a strong presence, particularly in the value and mid-range segments. Alongside these giants, companies like Briggs & Riley Travelware focus on the high-end market with a renowned lifetime guarantee, while new entrants like Away and Monos have disrupted the market with a direct-to-consumer model, focusing on minimalist design, social media marketing, and competitive pricing. These companies compete not only on product quality and brand image but also on supply chain efficiency, omni-channel retail strategies, and the ability to quickly respond to fashion and functionality trends.

Recent Developments

The North America travel bags market has witnessed a series of strategic recent developments that reflect its evolving nature. A prominent trend has been a wave of acquisitions and mergers aimed at portfolio diversification and market consolidation. For instance, the acquisition of premium brands by larger conglomerates allows them to tap into higher-margin segments and leverage existing distribution power. Sustainability initiatives have moved from a secondary concern to a central product development and marketing strategy for nearly all major players. This has materialized in the launch of new product lines made entirely from recycled materials, commitments to reduce carbon footprints, and initiatives for product repair and end-of-life recycling. Another significant development is the deepened investment in digital transformation, including augmented reality tools for virtual try-ons, enhanced e-commerce platforms, and data analytics to understand consumer behavior and personalize marketing. Furthermore, the post-pandemic era has seen companies aggressively reintroducing travel-focused collections and marketing campaigns to capitalize on pent-up demand, often highlighting features like anti-microbial treatments and touchless designs to address new health and safety concerns among travelers.

Report Segmentation

This comprehensive market research report on the North America Travel Bags Market provides a detailed and structured analysis segmented to offer granular insights. The segmentation is meticulously designed to allow businesses and stakeholders to understand specific facets of the market. The report is segmented by type, delving into the distinct categories of casual luggage, travel luggage, business bags, and adventure bags, analyzing the trends, demand patterns, and competitive landscape within each. It is further segmented by application, examining the specific usage in business travel, leisure travel, and specialty travel, providing clarity on the feature requirements and growth drivers for each application area. The distribution channel segmentation offers a critical view of the market dynamics across online and offline platforms, including specialty stores, department stores, and direct-to-consumer sales, highlighting shifting consumer purchasing behaviors. Additionally, a geographical segmentation provides a country-level analysis for the United States and Canada, detailing regional trends, market size, and growth potential. This multi-dimensional segmentation ensures that the report delivers targeted and actionable intelligence for strategic planning, investment decisions, and market entry strategies.

FAQs

What are the key factors driving the North America travel bags market?

The market is primarily driven by the robust recovery of the travel and tourism sector, rising disposable incomes enabling premium purchases, and continuous product innovation incorporating smart features and durable, lightweight materials.

Which are the leading companies in the North America travel bags market?

Prominent players dominating the market include Samsonite International S.A., VF Corporation with its brands JanSport and Eagle Creek, VIP Industries Ltd., and Briggs & Riley Travelware, among others.

What materials are most commonly used in travel bag manufacturing?

Common materials encompass nylon and polyester for their durability and lightweight properties, polycarbonate for hard-shell luggage due to its impact resistance, and leather for premium aesthetic appeal, alongside a growing use of recycled variants of these materials.

How is e-commerce impacting the travel bags market?

E-commerce has profoundly impacted the market by vastly expanding product selection and accessibility for consumers, facilitating detailed product comparisons and reviews, and enabling the rise of direct-to-consumer brands that bypass traditional retail channels.

What is the demand trend for smart travel bags?

Demand for smart travel bags featuring integrated technologies such as USB charging ports, GPS tracking, digital locks, and weight sensors is on a significant upward trend, particularly among younger, tech-oriented travelers seeking convenience and connectivity.

How are sustainability trends influencing the market?

Sustainability is a major influencing factor, driving demand for bags made from recycled plastics, organic fabrics, and responsibly sourced materials. Brands are also emphasizing circular economy models through repair services and recycling programs to appeal to environmentally conscious consumers.

Citius Research has developed a research report titled “North America Travel Bags Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• North America Travel Bags Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The North America Travel Bags Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

North America Travel Bags Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

North America Travel Bags Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of North America Travel Bags Market
• Research Methodology
• Executive Summary
• Market Dynamics of North America Travel Bags Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of North America Travel Bags Market
• Cost and Gross Margin Analysis of North America Travel Bags Market
• North America Travel Bags Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “North America Travel Bags Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

North America Travel Bags Market Key Stakeholders

Below are the key stakeholders for the North America Travel Bags Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

North America Travel Bags Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the North America Travel Bags Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the North America Travel Bags Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in North America Travel Bags Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global North America Travel Bags Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global North America Travel Bags Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global North America Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global North America Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global North America Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global North America Travel Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America North America Travel Bags Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America North America Travel Bags Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe North America Travel Bags Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA North America Travel Bags Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific North America Travel Bags Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa North America Travel Bags Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia North America Travel Bags Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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