The global trolley bags market is poised for significant growth, with market valuation projected to reach USD 32,924.20 million by 2033, up from USD 18,913.21 million in 2023. This increase reflects a compound annual growth rate (CAGR) of 5.7% throughout the forecast period, signaling robust demand driven by evolving consumer preferences and technological advancements.
The convenience and ease of trolley bags have made them an essential travel item as more people choose them for hassle-free luggage handling. This shift is further amplified by increased mobility needs across all age groups. However, the COVID-19 pandemic had an adverse impact on the market as global travel restrictions led to a sharp decline in international tourism and a consequent dip in trolley bag sales.
Despite these challenges, innovations in the sector are revitalizing the market, with developments in smart luggage technology such as GPS-enabled tracking systems expected to drive demand in the coming years. These advanced features cater to the modern traveler’s desire for security and convenience, presenting new growth opportunities for market players.
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In addition, the design of trolley bags is evolving to better serve consumers with varying physical needs, including those with limited dexterity, strength, or stamina. This focus on inclusive design is helping trolley bags gain preference over traditional travel bags and broadening their appeal to a wider audience.
Key Takeaways: Trolley Bags Market
- The North American region is anticipated to grow steadily in the trolley bags market during the forecast period, holding a current market share of 26.0%.
- Europe is projected to dominate the global trolley bags market, currently accounting for the largest share at 34.0%.
Prominent Drivers of the Trolley Bags Market
- Growing Travel and Tourism Industry: The increase in both leisure and business travel is driving demand for durable and convenient trolley bags, especially as international tourism continues to rebound post-pandemic.
- Rising Urbanization and Disposable Income: With more people living in urban areas and higher disposable income, there is a surge in the purchase of quality trolley bags for frequent travel and daily use.
- Innovation in Design and Functionality: Advancements such as lightweight materials, ergonomic handles, and built-in charging ports are attracting consumers who value both style and functionality in their travel accessories.
- Increased Preference for Organized Luggage: Travelers are increasingly seeking trolley bags with better compartmentalization and smart organizational features, making it easier to store essentials efficiently.
- Expansion of E-commerce and Direct-to-Consumer Channels: The accessibility of a wide range of trolley bags online allows consumers to easily compare features and prices, contributing to greater market reach and sales growth.
Key Players
- VF Corporation
- Briggs & Riley
- Rimowa
- Travelpro
- Tommy Hilfiger
- Olympia
- Fox Luggage
- Traveler’s Choice
- ACE
- Diplomat
- EMINENT
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)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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