The trolley bags market is projected to be valued at US$ 18,913.21 million in 2023 and is expected to rise to US$ 32,924.20 million by 2033. The sales of trolley bags are expected to capture a significant CAGR of 5.7% during the forecast period.
The trolley bags market has experienced significant growth in recent years, fueled by the rise in travel and tourism activities across the globe. As more people embark on domestic and international trips for leisure, business, and other purposes, the demand for trolley bags has surged.
Trolley bags, also known as rolling luggage or wheeled suitcases, offer travelers convenience, mobility, and ample storage space. They are designed with wheels and retractable handles, allowing users to easily transport their belongings without the need for heavy lifting or carrying. Trolley bags come in various sizes, styles, and materials to cater to different travel preferences and requirements.
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The growth of the travel and tourism industry has been a key driver behind the expansion of the trolley bags market. With increasing disposable incomes and a growing desire for exploration and leisure, more people are traveling domestically and internationally. This has resulted in a higher demand for reliable and durable luggage options, including trolley bags.
Regional Analysis
Geographically, the market for trolley bags is expanding across different regions, including North America, Europe, Asia Pacific, and beyond. The growth of emerging economies, rising disposable incomes, and increased travel activities in these regions are contributing to market expansion.
North America holds a significant share of 26.0% in the trolley bags market, driven by rapid urbanization and increasing disposable income. The region’s population is increasingly engaging in adventurous activities and travel, resulting in a higher demand for trolley bags for easy luggage carrying.
Europe dominates the global trolley bags market, accounting for 34.0% of the total market share. This growth can be attributed to key market players in the region who continuously innovate and offer consumers durable and unique trolley bag solutions.
Drivers:
- Convenience and Mobility: Trolley bags are designed for ease of use, allowing consumers to transport their belongings, groceries, or luggage with less effort. Their mobility and maneuverability make them a preferred choice for many.
- Travel and Tourism: The travel industry’s growth, both domestically and internationally, has increased the demand for travel trolley bags. Travelers prefer wheeled luggage for its convenience in airports, hotels, and other destinations.
- Aging Population: As the population ages, more individuals may find it challenging to carry heavy loads, leading to increased demand for trolley bags, especially in grocery shopping.
- Urbanization: The trend of urbanization and smaller living spaces has led to increased reliance on public transportation, where trolley bags are useful for carrying groceries and other items without a car.
- E-commerce: The growth of online shopping has driven demand for trolley bags, as they provide a convenient way to transport goods when packages arrive at consumers’ doorsteps.
- Sustainability: Eco-friendly trolley bags made from recyclable materials or those designed for long-term use are becoming more popular as consumers prioritize sustainability.
Restraints:
- Price: High-quality trolley bags with durable wheels and materials can be relatively expensive, making them unaffordable for some consumers.
- Durability: Lower-cost trolley bags may not be as durable, leading to frequent replacements. This can be a concern for consumers looking for long-term value.
- Storage Space: Trolley bags, particularly large ones, can be challenging to store in smaller living spaces, such as apartments or condos, when not in use.
- Maintenance: Wheels and handles on trolley bags can wear out over time, requiring repairs or replacements. Maintenance costs can deter some consumers.
- Weight Restrictions: In air travel, weight restrictions for carry-on bags may limit the use of larger trolley bags. Passengers may need to check them or opt for smaller, lighter luggage.
- Fashion and Style: Some consumers may prioritize fashion and style over the practicality of trolley bags. They may prefer other types of bags, such as backpacks or handbags, for aesthetic reasons.
- Accessibility: In certain situations, such as crowded public transportation, maneuvering trolley bags may be challenging, leading to inconvenience for both the user and others.
- Regulations and Restrictions: Airlines and transportation authorities may impose specific regulations on the size and weight of trolley bags, which can affect their usability during travel.
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Recent Developments
- Rimowa, a German luggage manufacturer, collaborated with Nike-owned digital fashion company RTFKT to launch an NFT line and a new NFC-enabled luxury bag in October 2022.
- In August 2022, Samsonite unveiled Magnum Eco, a new brand of luggage built from yogurt cups and plastic bottles. The liner of this new baggage line is constructed from plastic mineral water bottles that have been transformed into the exterior of hard-side bags.
- VIP Industries launched its first smart linked travel gear at Metro Cash & Carry in India in April 2022. It is outfitted with technology that sends warnings to users’ phones. With a simple click, customers can remain updated on the status of their luggage, including proximity and arrival information.
Key Market Players:
- VF Corporation
- Samsonite
- VIP Industries
- Delsey
- Briggs & Riley
- Rimowa
- Travelpro
- Tommy Hilfiger
- Victorinox
- Olympia
- Fox Luggage
- Skyway
- Traveler’s Choice
- ACE
Key Segments Covered in the Trolley Bags Market Report
By Material Type:
- Hard-Side
- Soft-Side
By Price Range:
- Premium
- Medium Range
- Low Range
By Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Factory Outlets
- Online Stores
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
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