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.
Furthermore, the rise of e-commerce and online travel booking platforms has made it easier for consumers to research and purchase travel accessories, including trolley bags. The convenience of online shopping, a wide range of options, and competitive pricing have contributed to the market’s growth.
Manufacturers in the trolley bags market are continually innovating to meet evolving consumer needs and preferences. They are introducing lightweight materials, enhanced durability features, smart functionalities, and stylish designs to attract consumers. Additionally, eco-friendly and sustainable trolley bags have gained traction as travelers become more conscious of their environmental impact.
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.
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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 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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