Asia Pacific Travel Bag Market Size & Outlook, 2023-2030

The travel bag market in Asia Pacific is expected to reach a projected revenue of US$ 7,000.6 million by 2030. A compound annual growth rate of 8.9% is expected of Asia Pacific travel bag market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,851.2
Forecast, 2030 (US$M)
$7,000.6
CAGR, 2024 - 2030
8.9%
Report Coverage
Asia Pacific

Asia Pacific travel bag market, 2018-2030 (US$M)

Asia
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Asia Pacific travel bag market highlights

  • The Asia Pacific travel bag market generated a revenue of USD 3,851.2 million in 2023.
  • The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
  • In terms of segment, suitcases was the largest revenue generating product in 2023.
  • Suitcases is the most lucrative product segment registering the fastest growth during the forecast period.


Asia Pacific data book summary

Market revenue in 2023USD 3,851.2 million
Market revenue in 2030USD 7,000.6 million
Growth rate8.9% (CAGR from 2023 to 2030)
Largest segmentSuitcases
Fastest growing segmentSuitcases
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSuitcases
Key market players worldwideTumi Holdings, Samsonite International SA, Travelpro Group, Briggs & Riley Travelware, American Tourster Inc., DELSEY PARIS, Victorinox, HARTMANN Group, Eagle Creek


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 20.5% of the global travel bag market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 7,000.6 million by 2030.

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Travel Bag Market Scope

Travel bag market segmentation & scope
Backpacks
Duffel Bags
Others
Type
Soft Side
Hard Side
Material
Polyster
Leather
Nylon
Others
Variety
Supermarkets & Hypermarkets
Specialty Stores
Online
Others
Countries
Argentina
Brazil
Denmark
Germany
France
Italy
Russia
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand

Travel Bag Market Companies

Name Profile # Employees HQ Website

Asia Pacific travel bag market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to travel bag market will help companies and investors design strategic landscapes.


Suitcases was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific travel bag market based on suitcases covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Asia Pacific travel bag market databook

  • Our clientele includes a mix of travel bag market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific travel bag market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific travel bag market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific travel bag market

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