About Travel Duffel Bags
The travel duffel bag refers as a smaller bag than a suitcase and bigger than a tote, it is a perfectly sized carryall for a long weekend. Travel Duffel Bags which is in short also known as the small luggage, is an integral part of the activities related to travel & tourism. Travel Duffel Bags are bags which is been used to carry several stuff for business and personal purpose. The inclination of the global population has been increasing towards travel and adventure activity, which has been proved beneficial for the industries such as travel & tourism, and, in turn, for industries which are been involved in the manufacturing of related travel gear such as luggage. Many top players are focusing on designing and manufacturing smart luggage with smart features such as smart locking system, traceability and the growth of the very market has been attributed to the rise in travel and tourism activities across the globe.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high-end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement, and brand establishment. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Travel Duffel Bags 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.
Eagle Creek (United States), Everest (United States), Luggage America (United States), Netpackbag (United States), Samsonite (Hong Kong), BRIC’s Industria Valigeria Fine (Italy), Briggs and Riley (United States), Delsey (France), Valigeria (Romania) and Victorinox Swiss Army (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are VIP Industries (India), Rimowa (Germany), Tumi (United States) and Ralph Lauren (United States).
Segmentation Overview
AMA Research has segmented the market of Global Travel Duffel Bags market by Type (Nylon duffel bags, Leather duffel bags and Wheeled duffel bags), Application (Company-Owned Stores, Online Stores and Specialist Retail Stores) and Region.
On the basis of geography, the market of Travel Duffel Bags 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). If we see Market by Price Range, the sub-segment i.e. Premium will boost the Travel Duffel Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Weight, the sub-segment i.e. Less Than 1kg will boost the Travel Duffel Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging deployment of Global Positioning System (GPS) tracker, USB port for recharging the battery of cell phones
Market Growth Drivers:
Changing lifestyles and increasing urbanization, Surging business activities and Rising travel and tours for 1-2 days
Challenges:
Unorganized players in the large markets in developing countries pose the greatest challenge for the organized luggage market and Increased raw material cost needed for the manufacturing of the product
Restraints:
The popularity of mom-and-pops stores and Changing consumer preferences
Opportunities:
Surge in high-net-worth-individuals globally, Rise of wide distribution channel including e-commerce and Increasing travel & tourism industries across the world
Market Leaders and their expansionary development strategies
In November 2022, Weaver Leather announced acquisition of Ohio Travel Bag, expanding its hardware selection for makers of handbags, luggage, and leather crafts.
In October 2023, Monos dropped a new luggage collection. featuring four new vegan leather styles in four different colourways.
The U.S. Customs and Border Protection (CBP) and the Federal Trade Commission (FTC) enforce labeling laws and acts 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
Key Target Audience
Luggage Manufacturers, Raw Material Suppliers, Luggage Distributors and Suppliers, End Users 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.