Trolleys Travel Bag Market Analysis and Latest Trends

A trolleys travel bag, also known as a rolling suitcase or wheeled luggage, is a type of luggage that is equipped with wheels and a retractable handle, allowing for easy transportation. These bags are designed to provide convenience and ease of movement for travelers, making them popular among both leisure and business travelers.

The trolleys travel bag market has been experiencing significant growth in recent years due to various factors. One of the key drivers of market growth is the increasing number of travelers worldwide. With the growth of the global tourism industry and rising disposable incomes, more people are choosing to travel for vacations, business trips, and other purposes. This has led to a surge in demand for travel bags that are both functional and stylish.

The advancements in travel bag design and technology have also contributed to the market growth. Manufacturers are constantly innovating and introducing new features in trolleys travel bags, such as lightweight materials, 360-degree spinner wheels, integrated charging ports, and smart luggage tracking systems. These features enhance the user experience and provide added convenience, further fueling the market growth.

In addition, the rise of e-commerce platforms has significantly boosted the sales of trolleys travel bags. Online retail channels provide a wide range of options for consumers, allowing them to compare prices, read reviews, and make informed purchasing decisions. This has facilitated the accessibility and availability of trolley travel bags, contributing to the overall market growth.

As per market growth analysis, the trolleys travel bag market is projected to grow at a CAGR of 13.5% during the forecast period. This growth can be attributed to the aforementioned factors, as well as the increasing preference for stylish and durable travel bags among the younger generation. Moreover, the emergence of new travel destinations and the growing trend of experiential travel are expected to create additional opportunities for market expansion.

Get a Sample PDF of the Report: https://www.reliableresearchreports.com/enquiry/request-sample/1802647

Trolleys Travel Bag Major Market Players

The global trolley travel bag market is highly competitive, with several key players dominating the industry. Some of the major players include VIP Industries, VF Corporation, Briggs & Riley Travelware, MCM Worldwide, Samsonite, Rimowa, Louis Vuitton, Delsey, Antler, Hermes, Crown, HIDEO WAKAMATSU, ACE, Tumi, Santa Barbara Polo, Travelpro, Eminent, Commodore, Diplomat, Winpard, Jinhou, JINLUDA, and Powerland.

Among these players, Samsonite is a leading brand with a strong presence in the market. The company offers a wide range of trolley travel bags with innovative features and designs. It has achieved significant market growth due to its focus on product quality, durability, and customer satisfaction. Samsonite's revenue for the fiscal year 2020 was $4.1 billion.

Louis Vuitton is another prominent player in the trolley travel bag market, known for its luxury and premium offerings. The brand's focus on craftsmanship and exclusivity has helped it establish a strong market position. In 2020, Louis Vuitton's revenue reached €14.2 billion.

Briggs & Riley Travelware is renowned for its high-end travel bags, particularly its patented CX Expansion Compression technology that allows users to increase packing capacity. The company has experienced steady market growth due to its commitment to quality and innovation. However, specific revenue figures for Briggs & Riley Travelware are not publicly available.

Another notable player is VIP Industries, an Indian company that offers a diverse range of trolley travel bags under various brands like Carlton, Caprese, and Skybags. The company has witnessed impressive growth owing to its affordability and wide distribution network. VIP Industries reported revenue of INR 2,095 crore (approximately $283 million) in the fiscal year 2020.

The future growth of the trolley travel bag market is expected to be driven by factors such as increasing travel and tourism activities, rising disposable income, and changing lifestyle preferences. Moreover, the growing popularity of online retail platforms and the emergence of social media influencers promoting travel accessories are also expected to contribute to market growth.

The global trolley travel bag market size was valued at approximately $22.3 billion in 2020. It is projected to grow at a CAGR of around 6.7% from 2021 to 2028, reaching a market size of approximately $36.3 billion by 2028. The market's growth prospects are promising, with players continuously investing in product innovation, expanding their distribution channels, and engaging in strategic collaborations to gain a competitive edge.

What Are The Key Opportunities For Trolleys Travel Bag Manufacturers?

The Trolleys Travel Bag market has witnessed significant growth in recent years, driven by increasing travel activities and a rising preference for convenient and efficient luggage options. Data suggests that the market is expected to continue its upward trajectory, with a growing demand for lightweight and durable trolley travel bags. Manufacturers are also focusing on incorporating innovative features such as smart locks and GPS tracking systems, contributing to the market's growth. Furthermore, the rising trend of online shopping and e-commerce platforms is expected to further fuel the market's expansion. Overall, the future outlook for the Trolleys Travel Bag market appears promising, with ample opportunities for market players to capitalize on.

Inquire or Share Your Questions If Any Before Purchasing This Report:https://www.reliableresearchreports.com/enquiry/pre-order-enquiry/1802647

Market Segmentation

The Trolleys Travel Bag Market Analysis by types is segmented into: