Global Trolley Bags Market Overview:
The trolley bag is an integral part of travel and tourism. It refers to the bag which allows carrying various kinds of stuff for personal or business purpose. Trolley bags are widely used due to their ease and flexibility as compared to other bags such as duffle bags. It has wheels in it and is very convenient, as it moves in any direction and can be maneuvered easily. An increase in travel and tourism has impacted the demand for trolley bags and is expected to grow in the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Demand for Smart Luggage with the GPS System Tracker and Increase in Demand for Ultra-Light Weight Trolley Bags for Kids and Elderly People
Market Growth Drivers:
Increasing Travel and Tourism Around the Globe and Increase in the Changing Lifestyles Due to Urbanization in Developing Countries Also Proves to be a Driving Factor of the Trolley Bags Market
Challenges:
Growing Dominance of the Local Players
Restraints:
Availability of Counterfeit Products
Opportunities:
Demand from Emerging Regions Creating More Demand for Premium and Fashionable Bags
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Samsonite (Hong Kong), Trunki (United States), Tommy Hilfiger (The Netherlands), Graco (United States), GOGO-bags (Hong Kong), Safari Industries Ltd. (India), Delsey (France), VIP Industries Ltd (India) and Skybags (India). Additionally, following companies can also be profiled that are part of our coverage like Sunveno (India), Mattel (United States), Sanrio (Japan) and DA MILANO (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Trolley Bags market by 2028. Considering Market by Outer Material Type, the sub-segment i.e. ABS will boost the Trolley Bags market. Considering Market by Lock Type, the sub-segment i.e. Butterfly Lock will boost the Trolley Bags market. Considering Market by Luggage Size, the sub-segment i.e. Small (Upto 59 cm) will boost the Trolley Bags market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Trolley Bags market. Considering Market by Price Range, the sub-segment i.e. Premium will boost the Trolley Bags market.
Latest Market Insights:
In July 2023, Louis Vuitton has launched the Taurillon Monogram collection on the Echoing Maison runway. The collection included the Christopher backpacks, the slim Sac Plat mini, and the Keepall25.
The U.S. Customs and Border Protection (CBP) and the Federal Trade Commission (FTC) enforce labeling laws and act in the United States. In general, textile and apparel products sold in the United States must be labeled with the following information: the fiber content, the country of origin, the manufacturer or dealer identity, and the care instructions.
What Can be Explored with the Trolley Bags Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Trolley Bags Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Trolley Bags
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Trolley Bags market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Trolley Bags market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers ofTrolley Bags, Suppliers of Trolley Bags, Traders and Distributors of Trolley Bags and Regulatory Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.