About Travel Accessories
The travel accessory sector is always evolving, with old trends and fashions becoming obsolete as new trends and fashions join the market. Travel accessories are used for vacations, personal trips, and work trips. Business trips necessitate the use of travel accessories. Customers utilize these products on both long business travels and short travels because the former provides them with comfort and convenience. Business cases, travel bags, food boxes, travel bags, toiletries, travel outfits, technological accessories, travel cushions, personal leather items, blankets, and locks are among the accessories available.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Travel Accessories market is strongly competitive and covers some market-leading players. In terms of market share, some of the players are highly presently dominating the global market. These market players are heavily focusing on strategic collaborative initiatives to enhance their market share and improve their profitability. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Travel Accessories market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ACE Luggage Co. Ltd (Japan), ExOfficio (United States), Magellan's (United States), MCM Worldwide (Germany), Nike Inc. (United States), THE BEACH COMPANY (United States), TRAVEL-BLUE.COM (United Kingdom), TravelSmith Outfitters (United States), United States Luggage Company LLC (United States) and VF Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Travel Accessories market by Type (Travel Bags, Travel Outfits, Electronic Accessories, Toiletries, Food box, Travel Pillow and Blanket, Locks and Others) and Region.
On the basis of geography, the market of Travel Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Traveller Type, the sub-segment i.e. Business Traveler will boost the Travel Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Travel Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Millennials will boost the Travel Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Online Services
Market Growth Drivers:
Large Number of Millennial is Spending Considerably on Travel to Maintain Physical and Mental Health and Growing Business Travelers at the Global and Regional Level
Challenges:
Stiff Competition among Competitors
Restraints:
High Cost of the Products
Opportunities:
Surging Consumer Spending in Developing Countries on Travel Activity and Rising Disposable Income in Emerging Economies
In April 2021, Vikki Jones, LLC announces its latest innovation - a blend of sophistication, functionality, and eye-catching details in its newest collection. The new line of bags and accessories are designed to compliment luxury travelers.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Travel Accessories Manufacturers, Suppliers, and Distributors, Raw Material Suppliers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.