Travel Bag 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: CR0192558
  • Format: Electronic (PDF)
  • Number of Pages: 209
  • Author(s): Joshi, Madhavi

Report Overview

The Travel Bag 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).

Travel Bag 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, American Tourister, Travelpro, Briggs & Riley

Market Summary

The travel bag market represents a significant segment within the consumer goods industry, characterized by its dynamic nature and direct correlation with global travel trends and consumer lifestyles. This market encompasses a wide array of products designed for carrying personal belongings during travel, including duffel bags, backpacks, rolling luggage, and totes. The demand is primarily driven by the increasing mobility of the global population, rising disposable incomes, and a growing emphasis on product functionality, durability, and aesthetic appeal. Manufacturers are continuously innovating to integrate advanced materials such as lightweight polymers, recycled fabrics, and smart technologies including GPS tracking and USB charging ports to enhance user convenience and security. The competitive landscape is intense, with both established multinational corporations and emerging niche players vying for market share through strategies like product diversification, strategic collaborations, and aggressive marketing. The market is also witnessing a significant shift towards sustainable and ethically produced products, as environmental consciousness among consumers rises. E-commerce has emerged as a dominant sales channel, offering consumers a vast selection and the convenience of comparing products and prices, thereby influencing purchasing decisions and brand loyalty. The market's evolution is closely tied to the recovery and growth of the global travel and tourism sector post-pandemic, indicating a positive trajectory for future development.

Key Highlights

The travel bag market is currently defined by several pivotal developments that underscore its growth and transformation. A paramount highlight is the accelerated integration of smart technology into luggage solutions. Leading brands are embedding features like Bluetooth locks, battery packs for device charging, and built-in weight scales, directly addressing the modern traveler's need for connectivity and convenience. Another critical trend is the robust expansion of the sustainable and eco-friendly product segment. Companies are increasingly utilizing recycled plastics, organic cotton, and other renewable materials in response to stringent environmental regulations and shifting consumer preferences towards responsible consumption. The direct-to-consumer sales model has gained substantial traction, allowing brands to foster closer relationships with their customers, gather valuable feedback, and offer personalized products. Furthermore, the market is experiencing a notable surge in demand for premium and luxury travel bags, driven by affluent consumers seeking high-quality materials, exclusive designs, and superior brand prestige. The rise of adventure and experiential travel has also catalyzed the demand for specialized, durable bags designed for rugged outdoor use. Collaborations between luggage brands and fashion designers or celebrities are becoming a common strategy to enhance brand visibility and appeal to style-conscious consumers, creating limited-edition collections that drive sales and media attention.

Drivers, Opportunities & Restraints

The growth of the travel bag market is propelled by a combination of powerful drivers. A primary driver is the consistent expansion of global travel and tourism activities, fueled by rising disposable incomes, easier access to air travel, and a growing cultural interest in exploration. The increasing number of business travelers and frequent flyers also contributes significantly to steady demand for reliable and efficient luggage. Consumer preference for personalized and unique products presents a substantial opportunity for brands to offer customization options in terms of color, monogramming, and modular designs, thereby enhancing customer engagement and loyalty. The burgeoning e-commerce sector offers immense opportunities for market penetration and reach, especially in emerging economies where internet accessibility is rapidly improving. However, the market faces considerable restraints that could impede growth. Volatility in raw material prices, particularly for polymers and metals, can squeeze profit margins and lead to unpredictable manufacturing costs. Intense competition often results in price wars, challenging the profitability of smaller players. Furthermore, the market is susceptible to global economic downturns and crises, such as the recent pandemic, which can severely disrupt travel and consequently dampen demand for travel bags. Stringent government regulations concerning material usage and international product standards also pose challenges for manufacturers operating across different regions.

Concentration Insights

The competitive concentration within the travel bag market indicates a landscape that is both consolidated and fragmented. A handful of major global players, including Samsonite International S.A., VF Corporation (owner of brands like JanSport and Eastpak), and VIP Industries Limited, command a significant portion of the market share. These industry giants benefit from extensive distribution networks, strong brand recognition, substantial advertising budgets, and diverse product portfolios that cater to multiple consumer segments and price points. Their strategies often focus on global expansion through acquisitions and partnerships. Conversely, the market also supports a vast number of small and medium-sized enterprises and niche brands that concentrate on specific segments such as luxury goods, eco-friendly products, or ultra-durable bags for extreme conditions. These smaller players compete effectively by leveraging agility, innovation, and a deep understanding of their target demographic. The concentration of manufacturing is notably high in the Asia-Pacific region, particularly in countries like China, Vietnam, and India, due to favorable labor costs and well-established supply chains for raw materials. This geographical concentration of production influences global pricing, logistics, and the speed of bringing new products to market.

Type Insights

The travel bag market is segmented by type into several distinct categories, each serving specific consumer needs and travel scenarios. Duffel bags represent a popular category, valued for their spaciousness, flexibility, and ease of carrying, making them ideal for short trips, gym use, and as complementary carry-on luggage. The backpack segment has seen remarkable growth, transcending its traditional use to become a preferred choice for urban commuters, students, and digital nomads due to its ergonomic design and hands-free convenience. Technological integrations are particularly prominent in this category. Rolling luggage, including trolley bags and suitcases with spinner wheels, remains a cornerstone of the market, especially for air travel. Innovation here focuses on lightweight materials, enhanced wheel maneuverability, and sophisticated compartmentalization for organized packing. Tote bags have also carved a significant niche, often favored for their stylish appearance and utility as personal item carry-ons. Furthermore, specialized types such as garment bags for business travel, laptop backpacks with dedicated compartments, and insulated cooler bags for picnics demonstrate the market's diversification. The demand for each type fluctuates based on travel purpose, duration, and evolving consumer lifestyle trends, pushing manufacturers to continually refine and specialize their offerings.

Application Insights

Application-based segmentation of the travel bag market reveals distinct patterns of usage across different consumer activities. The business travel segment is a major application area, demanding products that are professional in appearance, durable, and equipped with features like laptop sleeves, organized pockets for documents, and easy access to essentials. Bags in this category often prioritize functionality and a sleek aesthetic. The casual travel segment encompasses the broadest range of consumers and uses, from family vacations to weekend getaways. This application drives demand for versatile, spacious, and cost-effective luggage solutions like large rolling suitcases and versatile duffel bags. The sports and adventure travel application is a high-growth area, requiring specialized bags constructed from rugged, weather-resistant materials designed to withstand harsh conditions. This includes hiking backpacks with advanced suspension systems, waterproof kayaking bags, and durable gear carriers. Another emerging application is the daily commute, which has boosted the sales of ergonomic backpacks and messenger bags designed for comfort during transit and for carrying tech gadgets. The differentiation in application dictates design philosophies, material selection, feature sets, and marketing strategies for manufacturers aiming to capture value in each specific niche.

Regional Insights

The demand and dynamics of the travel bag market exhibit significant variation across different geographic regions. North America and Europe represent mature markets characterized by high consumer spending power, a strong culture of travel, and a high degree of brand consciousness. Consumers in these regions show a pronounced preference for premium, innovative, and branded products, driving trends in smart luggage and sustainable materials. The Asia-Pacific region is identified as the fastest-growing market, fueled by a massive population, rapidly expanding middle class, increasing urbanization, and a surge in both outbound and domestic tourism. Countries like China, India, and Japan are key contributors to this growth. The retail landscape in APAC is also evolving quickly, with e-commerce becoming a dominant force. Latin America and the Middle East and Africa are emerging markets with substantial growth potential. Growth in these regions is linked to economic development, improving tourism infrastructure, and a growing young population eager to travel. However, market penetration in these areas can be challenged by economic volatility and underdeveloped distribution channels in certain countries, presenting a complex but opportunistic environment for global brands.

Company Insights

The travel bag market features a diverse competitive arena with companies employing varied strategies to secure their positions. Established leaders such as Samsonite, with its portfolio including brands like Samsonite, Tumi, and American Tourister, dominate through global scale, extensive product lines, and robust retail and online presence. VF Corporation leverages its powerful brand portfolio, which includes The North Face and JanSport, to appeal to outdoor and casual segments. VIP Industries is a key player, particularly in the Asian market, with its popular brands like Skybags and Carlton. Emerging and niche players are also making significant impacts. Companies like Away Travel have successfully leveraged the direct-to-consumer model, focusing on millennial and Gen Z consumers through sleek design, digital-native marketing, and a community-focused approach. Similarly, brands such as Patagonia and Osprey Packs cater to the environmentally conscious and outdoor enthusiast segments with a strong emphasis on durability, sustainability, and technical performance. The strategies observed across the board include heavy investment in research and development for product innovation, strategic mergers and acquisitions to expand market reach, and a heightened focus on building a strong digital brand identity and e-commerce capabilities to engage directly with the end-consumer.

Recent Developments

The travel bag market has been active with recent developments that reflect its innovative and adaptive nature. A prominent trend among leading companies has been the launch of new product lines featuring advanced sustainable materials. Many brands are now introducing collections made from recycled polyester, ocean-bound plastics, and even vegan leather alternatives, responding directly to the growing consumer demand for eco-conscious products. There has been a noticeable wave of strategic collaborations and partnerships, such as luggage brands teaming up with high-end fashion designers, technology firms, or celebrities to create limited-edition collections that generate buzz and attract new customer demographics. Technological advancements continue to be a key focus, with recent product releases incorporating contactless locks, improved battery life for charging features, and even AI-powered packing assistance. Furthermore, several major players have announced expansions of their manufacturing and distribution facilities, particularly in the Southeast Asia region, to optimize supply chains and reduce costs. The post-pandemic period has also seen companies intensifying their digital marketing efforts and enhancing their online shopping platforms to provide immersive experiences like virtual try-ons and augmented reality views of products, aiming to replicate the in-store experience online.

Report Segmentation

This comprehensive market research report on the travel bag market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry landscape. The segmentation by type categorizes the market into duffel bags, backpacks, rolling luggage, totes, and others, analyzing the demand, innovation, and growth prospects for each category. Segmentation by material type provides insights into key segments such as nylon, polyester, leather, and others, highlighting trends in material preference and the rise of sustainable alternatives. The application segmentation breaks down the market based on end-use into business travel, casual travel, sports & adventure travel, and others, examining the specific requirements and drivers within each application area. Furthermore, the report includes a thorough regional analysis, segmenting the global market into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Each regional segment is evaluated for its unique market dynamics, growth drivers, challenges, and competitive environment. This multi-faceted segmentation allows stakeholders to identify high-growth segments, understand regional nuances, tailor their strategies accordingly, and make informed decisions regarding investment, marketing, and product development.

FAQs

What are the different types of travel bags available?

The market offers a diverse range of travel bags including duffel bags, backpacks, rolling luggage or suitcases, totes, garment bags, and specialized bags for laptops or adventure sports. Each type is designed with specific features to cater to different travel needs, durations, and styles.

Which companies are the leading players in the travel bag market?

The market is led by globally recognized companies such as Samsonite International S.A., VF Corporation (which owns brands like JanSport and The North Face), VIP Industries Limited, and Briggs & Riley. There are also numerous successful niche and direct-to-consumer brands like Away and Patagonia.

What materials are commonly used in manufacturing travel bags?

Common materials include nylon, prized for its durability and abrasion resistance; polyester, known for its affordability and color retention; leather, used for its premium aesthetic and longevity; and increasingly, recycled plastics and organic fabrics as the industry shifts towards sustainability.

How has consumer preference changed in the travel bag market?

Consumer preferences have evolved significantly towards multifunctional, lightweight, and technologically integrated bags. There is also a strong and growing demand for products made from sustainable and ethically sourced materials, reflecting a broader shift in environmental consciousness among travelers.

What is the impact of e-commerce on the travel bag market?

E-commerce has profoundly impacted the market, becoming a primary sales channel. It offers consumers a wider selection, detailed product information, customer reviews, and competitive pricing. It has also enabled the rise of direct-to-consumer brands that bypass traditional retail, fostering direct customer relationships.

What are the latest trends in travel bag design?

Current design trends focus on smart features like USB ports, GPS trackers, and weight sensors. There is also a strong emphasis on minimalist and sleek aesthetics, the use of bold colors and patterns, modular designs for customization, and the integration of lightweight yet ultra-durable materials.

Citius Research has developed a research report titled “Travel Bag Market Report - Global 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

• Travel Bag 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 Travel Bag 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.

Travel Bag Market Segmentation

Market Segmentation

Regions Covered

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

Travel Bag Market Analysis

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

• Overview of Travel Bag Market
• Research Methodology
• Executive Summary
• Market Dynamics of Travel Bag 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 Travel Bag Market
• Cost and Gross Margin Analysis of Travel Bag Market
• Travel Bag Market Report - Global 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 “Travel Bag Market Report - Global 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.

Travel Bag Market Key Stakeholders

Below are the key stakeholders for the Travel Bag Market:

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

Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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 Travel Bag 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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