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Travel and Business Bags Research:CAGR of 9.25% during the forecast period
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report “Travel and Business Bags- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
Travel and Business Bags refer to a category of luggage designed specifically for the needs of travelers and professionals who are frequently on the go. These bags combine functionality, style, and practicality to accommodate essentials for both business and leisure trips. Designed for those who prioritize comfort and hands-free carrying, business backpacks are equipped with padded compartments for laptops, tablets, and other gadgets. For those who need to transport heavier loads, rolling bags come equipped with wheels and a telescoping handle. They're perfect for air travel or long commutes where walking distances can be significant.
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https://www.qyresearch.com/reports/3232127/travel-and-business-bags
Travel and Business Bags Market Summary
Travel and Business Bags refer to a category of luggage designed specifically for the needs of travelers and professionals who are frequently on the go. These bags combine functionality, style, and practicality to accommodate essentials for both business and leisure trips. Designed for those who prioritize comfort and hands-free carrying, business backpacks are equipped with padded compartments for laptops, tablets, and other gadgets. For those who need to transport heavier loads, rolling bags come equipped with wheels and a telescoping handle. They're perfect for air travel or long commutes where walking distances can be significant.
According to the new market research report "Global Travel and Business Bags Market Report 2024-2030", published by QYResearch, the global Travel and Business Bags market size is projected to grow from USD 43 billion in 2023 to USD 75 billion by 2030, at a CAGR of 9.25% during the forecast period.
- Global Travel and Business Bags MarketSize(US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Travel and Business Bags Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
- Global Travel and Business Bags Top22Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global Travel and Business Bags Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Travel and Business Bags include Louis Vuitton, MCM Worldwide, Samsonite, Hermes, Prada, ACE, VIP Industries, VF Corporation, Delsey Paris, Diplomat Luggage, etc. In 2023, the global top 10 players had a share approximately 27.0% in terms of revenue.
- Travel and Business Bags Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Travel and Business Bags Market Report 2024-2030.
In terms of product type, currently Duffle Bags is the largest segment, hold a share of 31.8%.
Market Drivers:
- Rebound and development of the tourism industry: During the COVID-19 period, the tourism industry around the world was fatally affected, and the global tourism market experienced a double-digit decline. However, as COVID-19 was brought under control and the tourism markets of various countries recovered, consumers' demand for travel products continued to increase. The prosperity of the tourism industry has driven the expansion of the Travel Bags market, as Travel Bags is one of the indispensable equipment for travel.
- Support from national policies: The national government’s support for the tourism industry is the core driving force for the development of the tourism-related product market. The government’s support for the tourism industry and the encouraging policies for cross-border e-commerce provide strong guarantees for the development of the travel bag and business bag market. These policies have promoted the prosperity and expansion of the market.
- Consumer demand: On the one hand, there is the demand for personalization/customization; on the other hand, there is the functional demand of consumers for travel bags and business bags.
Restraint:
The restrictions of the consumer goods market are mainly reflected in market economic fluctuations and consumer income levels.
Fluctuations in the global market economy will affect consumers' demand for travel and shopping. The decline in consumer purchasing power will directly affect the sales of corporate products, resulting in a decline in corporate sales.
Trend:
- Diversification and personalization of consumer demand: Personalization and customized services will become an important trend in the future market. Consumers hope to show their unique taste and style through customized products.
- Smart+: The combination of intelligence and Travel and Business Bags not only improves the competitiveness/characteristics of the product itself, but also meets the needs of some consumers for functional bags.
- Environmentally friendly materials: With the increasing environmental protection requirements of countries around the world and consumers' environmental awareness, suppliers/consumers are more inclined to choose environmentally friendly materials to produce or select bags.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Travel and Business Bags market is segmented as below:
By Company
VIP Industries
Louis Vuitton
Hermes
Tommy Hilfiger
Prada
Delsey
Briggs & Riley
Samsonite
Victorinox
Olympia
VF Corporation
ACE
MCM Worldwide
Travelpro Products
Eminent
Union Gate Group
Diplomat Luggage
Skyway Luggage
Traveler's Choice
Safari Industries
Herschel Supply
Thule Group
Segment by Type
Duffle Bags
Trolley Bags
Suitcases
Backpacks
Business Bags
Segment by Application
Online Sales
Offline Sales
Each chapter of the report provides detailed information for readers to further understand the Travel and Business Bags market:
Chapter 1: Introduces the report scope of the Travel and Business Bags report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Travel and Business Bags manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Travel and Business Bags market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Travel and Business Bags in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Travel and Business Bags in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Travel and Business Bags competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Travel and Business Bags comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Travel and Business Bags market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global and China Travel and Business Bags Market Report & Forecast 2024-2030
Global Travel and Business Bags Market Insights, Forecast to 2030
Global Travel and Business Bags Market Research Report 2024
Travel and Business Bags - Global Market Insights and Sales Trends 2024
Global Travel and Business Bags Market Research Report 2023
Global Travel and Business Bags Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global Travel and Business Bags Market Insights, Forecast to 2029
Global Travel and Business Bags Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
United States Travel and Business Bags Market Report & Forecast 2021-2027
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