GVR Report cover Sports Luggage Market Size, Share & Trends Report

Sports Luggage Market Size, Share & Trends Analysis Report By Product (Golf, Ball Sports, Racket Sports, Hockey, Cricket), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-3-68038-862-6
  • Number of Report Pages: 100
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2022
  • Forecast Period: 2024 - 2030 
  • Industry: Consumer Goods

Sports Luggage Market Size & Trends

The sports luggage market size was valued at USD 2.30 billion in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030. Growing participation in sports & outdoor activities, increasing awareness regarding health & well-being, significant growth in the frequency of international sports events and tournaments, ease of accessibility, and a wide range of sports luggage products launched by key products are some of the key growth driving factors for this market.

Sports Luggage Market Size, by Product, 2020 - 2030 (USD Billion)

The demand for sports luggage products and accessories is also fueled by the rise in disposable income levels of consumers in multiple countries. According to the Sports Events and Tourism Association, in 2023, sports travelers spent approximately USD 52.5 billion within the United States. The ease of availability, presence of multiple global brands in numerous regional markets, and effective branding strategies are also expected to contribute to the growth of this industry in the approaching years.

A large number of sporting events organized around the globe drive the growth of the sports luggage industry. Tournaments between national teams, individual sporting events, domestic leagues organized by the national boards, and numerous other sporting events scheduled every year in countries such as the U.S., India, Germany, Spain, China, Japan, and Saudi Arabia have generated greater demand for sports luggage products in recent years.    

Product Insights

The ball sports luggage segment dominated the global industry and accounted for a revenue share of 24.2% in 2023. The segment entails multiple sports such as football, tennis, handball, basketball, squash and others. More than 200 nations play the game of football. Numerous individuals and teams participate in majors tournaments in tennis such as Australian Open, French Open, Wimbledon, and US Open. According to the International Olympic Committee (IOC), 206 National Olympic Committees work alongside (IOC) to ensure their respective countries participate in the Olympic Games. The scale of the events organized around the world, large groups of existing customers, and availability of enhanced product portfolios are expected to drive demand for this segment.

The racket sports luggage segment is expected to grow at a significant CAGR during the forecast period. The category includes games such as badminton, beach tennis, crossminton, racquetball, and others. The mass of equipment associated with the sport, increased participation, and diverse range of portfolios offered by the key market participants have driven growth for this segment in the recent past. Growing availability of associated sports luggage, increased accessibility and features such as advanced materials, sponsorships, and lucrative discounts offered by brands are expected to generate greater demand for the segment in the approaching years.

Distribution Channel Insights

The offline distribution segment accounted for the largest revenue share in 2023. Offline shopping experience offers various advantages to buyers such as the opportunity to examine the colour, material, and texture of the product, immediate possessions post-purchase and assistance provided by the store representatives. Offline stores often include hypermarkets, speciality stores, brick-and-mortar stores by brands, and factory outlets by major market participants. Multiple payment alternatives, immersive experiences offered through offline shopping, and ease of accessibility are some of the other factors that are expected to generate greater demand for this segment.

Sports Luggage Market Share, by Distribution Channel, 2023 (%)

The online distribution channel is expected to experience the fastest CAGR during the forecast period. Convenience offered by the online platforms and the wide range of collections listed through them are key growth driving factors for this segment. Ease of use, return & refund policies, doorstep deliveries, display of detailed product descriptions, availability of customer reviews and hassle-free shopping experiences are expected to develop higher growth for this industry in the next few years.

Regional Insights

Asia Pacific sports luggage market dominated the global industry and accounted for a revenue share of 56.8% in 2023. Growing participation and a large existing customer base in countries such as China and India primarily drive this market. The industry is fueled by aspects such as the growing number of organized sporting events in the region, the popularity associated with sports such as cricket and football, and the presence of multiple government policies that encourage active participation and organization of sports. Growth in disposable income levels, entry of multiple global industry participants in the region, rising penetration of online platforms, and positive regulations scenarios.

Sports Luggage Market Trends, by Region, 2024 - 2030

China sports luggage market held a substantial market share in 2023. The market is primarily driven by the sports encouragement culture rooted in the country. Positive reinforcements provided by the schools and institutes, availability of multiple brand products, increasing participation in organized sports, and ease of accessibility are expected to fuel growth for this industry.

North America Sports Luggage Market Trends

North America sports luggage market is identified as a key regional industry. The region is known to be the origin of multiple sports such as ice hockey, basketball, mixed martial arts (MMA), snowboarding, surfing, racquetball and others. The mass of equipment required for numerous sports, growing awareness regarding the role of sports in health & wellbeing, ease of availability and presence of multiple key brands in the region are expected to generate greater demand for this industry.

U.S. Sports Luggage Market Trends

The U.S. sports luggage market dominated the regional industry in 2023. Ease of accessibility, increasing availability through multiple brand stores present in the country, growing penetration of online platforms, and a large number of sporting events organized in the country are projected to fuel the growth of this market in the approaching years.

Europe Sports Luggage Market Trends

Europe sports luggage market is expected to experience significant growth during the forecast period. The industry is mainly driven by aspects such as the presence of several countries actively involved in sports such as cricket, football, and others, ease of accessibility, and an increase in the availability of premium range sports luggage.

The UK sports luggage market is expected to grow at a noteworthy CAGR from 2024 to 2030. The increasing disposable income levels, growing active participation in sports and outdoor activities, rising presence of multiple key brands in the country, and numerous annual sporting events hosted in the U.K. have driven growth for this market in recent years.

Key Sports Luggage Company Insights

Some of the key companies in the sports luggage market include Adidas, Nike, Inc., PUMA SE, Under Armour, Inc., Topgolf Callaway Brands Corp. and others. As competition has grown significantly in recent years, key brands in the market are focusing on expanding their customer base through adoption of strategies such as innovation, embracement of sustainability goals, enhanced distribution networks and a diverse range of product portfolios.

  • Nike, Inc., one of the prominent companies in the athletic apparel, footwear, and sports accessories industry, offers a range of products under the sports accessories category, such as bags, backpacks, duffels, drawstrings, hip packs, travel and shoe bags, and other sports luggage. The company utilizes recycled polyester fibres to make its multiple products.

  • PUMA SE, a key German brand in athletic footwear, accessories, and apparel, offers a range of sports luggage products, including duffel bags, backpacks, rucksacks, sports bags, waist bags, cross-body bags, and others.

Key Sports Luggage Companies:

The following are the leading companies in the sports luggage market. These companies collectively hold the largest market share and dictate industry trends.

  • adidas
  • Amer Sports
  • Nike, Inc.
  • PUMA SE
  • Under Armour, Inc.
  • VFCorporation
  • YONEX Co., Ltd.
  • Acushnet Holdings Corp.
  • Bridgestone Portal
  • Topgolf Callaway Brands

Recent Developments

  • In March 2023, adidas launched a new collection of padel bags and backpacks. This newest line of bags caters to the essential needs of consumers, such as spacious padel racket bags with extra space for several pockets and a pair of shoes, a wallet for storing small items like keys or your phone, and small travel bags.

Sports Luggage Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 2.39 Billion

Revenue forecast in 2030

USD 3.12 Billion

Growth Rate

CAGR of 4.5% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

Quantitative units

Revenue in USD Million and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, distribution channel, and region

Regional scope

North America, Europe, Asia Pacific, Central & South America, MEA

Country scope

U.S., Canada, Mexico, Germany, UK, France, Italy, China, Japan, India, Australia, Brazil, Argentina, South Arabia

Key companies profiled

adidas; Amer Sports; Nike, Inc., PUMA SE; Under Armour, Inc.; VF Corporation; YONEX Co., Ltd.; Acushnet Holdings Corp.; Bridgestone Portal; Topgolf Callaway Brands

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Sports Luggage Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the sports luggage market report based on product, distribution channel, and region.

Global Sports Luggage Market Report Segmentation

  • Product Outlook (Revenue, USD Million, 2018 - 2030)

    • Golf luggage

    • Ball sports luggage

    • Racket sports luggage

    • Hockey luggage

    • Cricket luggage

    • Others

  • Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

    • Online

    • Offline

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

      • Italy

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

    • Latin America

      • Brazil

      • Argentina

    • Middle East and Africa (MEA)

      • South Arabia

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