Sports Luggage Market Size To Reach $3.12 Billion By 2030

Sports Luggage Market Growth & Trends

The global sports luggage market size is expected to reach USD 3.12 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% from 2024 to 2030. Rising interest and participation in sports is the primary factor driving the demand. The growing obesity epidemic, especially in the young generation, is boosting participation in sports. Moreover, factors such as growing sports tourism along with increasing interest to get broadcasted in various media channels are anticipated to drive the market growth.

As per a study conducted by Aspen Institute, 35.0% of males and 39.5% of females in the U.S. are overweight. A high percentage of obesity among children from the age of 5 to 17 years is expected to drive participation in sports. As per the Sports & Fitness Industry Association (SFIA), the percentage of children with no physical activity has been dropping consistently. As such, a rise in sports activities in the U.S. and other parts of the world indicates a significant growth opportunity for the sports luggage market.

Increasing sports expenditure owing to rising disposable income is likely to boost the demand for sports luggage over the forecasted period. Also, the companies focus on sponsorships and partnerships to gain traction, which is a major factor driving the market. For instance, in 2019, Nike extended their technical partnership with Brighton and Hove Albion for three years to supply playing and training kit to the men’s and women’s teams in the Premier League. In January 2016, Dwayne Johnson entered into a partnership with Under Armour and launched their first product with two limited-edition bags from Project Rock. These bags are unisex and resistant to water and abrasion.

Asia Pacific held the largest share of the global market for sports luggage. The growing popularity of ball sports, such as football, basketball, and volleyball, is projected to drive the demand for ball sports luggage. As per the Australian Sports Commission, children from age group 12 to 14 years had the highest participation in ball sports - 27.4% in football, 22.1% in Australian football, 18.0% in Basketball, 17.4% in Cricket, and 11.5% in Tennis. This factor is anticipated to drive the product demand in near future.

The golf luggage is also estimated to witness significant growth over the forecasted period. According to the Participation Report published by the National Golf Foundation, in 2018, approximately 4.2 million baby boomers played golf, an increase from 3.6 million in 2017. North America held the second-largest market share in 2023 and is estimated to remain consistent over the forecasted period owing to an increase in the number of youth participants in sports and recreational activities.

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Sports Luggage Market Report Highlights

• The ball sports luggage segment dominated the global industry and accounted for a revenue share of 24.2% in 2023.

• The online distribution channel is estimated to expand at the fastest CAGR of 5.6% over the forecasted period

• Asia Pacific is estimated to be the largest and fastest-growing market for sports luggage over the forecast period, owing to rising participation in sports along with the increasing disposable income of the middle-class

Sports Luggage Market Segmentation

Grand View Research has segmented the sports luggage market report based on product, distribution channel, and region.

Sports Luggage Product Outlook (Revenue, USD Million, 2018 - 2030)

• Golf luggage

• Ball sports luggage

• Racket sports luggage

• Hockey luggage

• Cricket luggage

• Others

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

• Online

• Offline

Sports Luggage 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

List of Key Players of Sports Luggage Market

• adidas

• Amer Sports

• Nike, Inc.

• PUMA SE

• Under Armour, Inc.

• VF Corporation

• YONEX Co., Ltd.

• Acushnet Holdings Corp.

• Bridgestone Portal

• Topgolf Callaway Brands