The North America travel bags market is expected to grow at a CAGR of 9.5% from 2023 to 2030. The growing demand for lightweight bags, increasing need for convenience and portability, and rising awareness about the use of sustainable materials are some of the key factors driving the growth of the market.

Due to the rising disposable incomes, people can now afford to travel more frequently and at a higher budget, leading to an increase in demand for travel bags. Furthermore, the increasing fashion consciousness coupled with the rising preference for stylish and trendy bags is propelling the growth of the market. Companies are launching new products with innovative designs and technology to meet the changing needs of consumers. For instance, in June 2021, High Sierra launched a new collection of backpacks and duffels with a unique panel loader design and a range of colour options.

The emergence of e-commerce platforms has provided a boost to the online sales of travel bags. The market is highly competitive and fragmented due to the presence of several small and large players. Market participants are focusing on launching new and improved products to cater to the growing demand for these products. For instance, in January 2021, Samsonite launched a range of duffel bags, backpacks, and travel bags with an anti-theft design, made from lightweight and durable materials.

The current trend of the market is the increasing demand for lightweight bags. Travelers prefer lightweight bags due to their convenience and portability. This has led manufacturers to focus on developing lightweight bags with a variety of features such as expandable capacity and multi-compartment design. For instance, in April 2021, Briggs & Riley launched a new collection of lightweight luggage, which is designed with a focus on durability, strength, and convenience.

The rising trend of personalized travel bags is further expected to drive the market growth. Companies are launching customized bags with the option of engraving names, logos, and other designs on the bags. Additionally, the increasing number of travel activities is expected to provide further impetus to the market in the coming years.

The backpack segment held the largest market share in North America in 2020 and is expected to continue its dominance throughout the forecast period. This is mainly attributed to the fact that backpacks are the most efficient and comfortable way to carry items while traveling. In addition, the rising trend of adventure activities such as mountain climbing, camping, and hiking has fuelled the demand for backpacks in the region. Furthermore, the increasing demand for trendy and fashionable backpacks among the youth population is a major factor driving market growth.

The trolley bags segment is anticipated to expand at the fastest CAGR of 8.2% over the forecast period. Trolley bags are gaining popularity in North America, as they are more convenient to carry than regular bags, as they come with wheels and handles, thus making it easier to move and handle. In addition, the rising trend of business trips, increasing focus on luxury and comfort, and improving lifestyles of people in the region are some of the major factors driving the demand for trolley bags in North America.

The departmental stores segment is anticipated to capture the major share of over 34.9% in 2022 in the North American travel bags market. Departmental stores are one of the preferred distribution channels for travel bags due to their wide product range and wide geographical presence. In addition, they offer a wide range of options to consumers in terms of product selection and pricing. Departmental stores also offer various discounts and promotional offers on various occasions, which drives the purchase of travel bags.

The online segment is expected to expand at the highest CAGR of 12.9% over the forecast period. The growth of the online segment is mainly driven by the expanding e-commerce industry in the region. E-commerce websites provide a wide range of options to consumers in terms of product selection and pricing. Moreover, companies are focusing on the online segment to widen their reach and gain a competitive advantage in the market. For instance, in December 2020, Samsonite announced the launch of its e-commerce website in the United States. The website allows customers to purchase products from the company’s portfolio of brands.

The backpack segment accounted for the largest revenue share of 35.5% in the year 2022. The increasing trend of solo traveling, adventure backpacking, and trekking is driving the demand for travel bags, particularly backpacks. The increasing availability of lightweight and multi-functional backpacks, especially for youngsters, is expected to drive the backpack segment. Furthermore, the introduction of advanced backpacks, such as waterproof, shockproof, and USB charging backpacks, is adding to the growth of the backpack segment.

The duffle/gym bag segment is expected to expand at the highest CAGR of 8.3% over the forecast period. The increasing demand for lightweight, durable, and spacious bags is expected to drive the duffle/gym bag segment. The availability of a wide range of duffle/gym bags with unique features such as durable fabric, zipper pockets, and comfortable straps, is fueling the growth of this segment. Additionally, the growing trend of going to the gym and other physical activities is propelling the demand for duffle/gym bags.

North America is expected to dominate the market due to the presence of prominent players and the high demand for travel bags in the region. The U.S. is expected to hold the largest market share in the region due to the presence of a large and affluent population base. Moreover, rising disposable incomes and changing lifestyles are likely to further boost the market. For instance, in October 2021, Baggage America, a U.S.-based online luggage retailer, launched a new collection of soft-sided travel bags to cater to the growing demand.

The Asia Pacific is expected to witness the fastest growth in the coming years due to increasing disposable incomes and the rising popularity of travel. Moreover, an increasing number of international tourists, who prefer to buy travel bags, is expected to support the growth of the market. For instance, in March 2022, the India-based online luggage brand, Bagulakk launched a collection of travel bags for people traveling to Europe and North America.

In this part of the North America Travel Bags Products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your North America Travel Bags Products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a North America Travel Bags Products business comes from the sales of the products. Here you will find a list with a description of each product, their pricing, and any other possible sources of profit such as wholesale orders, volume discounts, and shipping fees.

Projecting Expenses
In this section, all the regular expenses related to keeping the North America Travel Bags Products business running will be described. The list of operating expenses includes purchasing the materials, hiring employees, marketing and advertising, research and development, rent and utilities, insurance policies, and others.

Some of the major companies operating in the North American travel bags market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Samsonite International S.A. launched the ‘Omni’ collection of travel bags.

– In August 2022, VF Corporation introduced its ‘Rogue’ series of travel bags.

– In October 2022, Delsey SA launched the ‘Chic’ series of lightweight bags.

Some of the prominent players in the North America travel bags market include:

– VF Corporation
– Samsonite International S.A.
– Delsey SA
– Briggs & Riley Travelware
– MCM Worldwide
– Rimowa GmbH
– Kipling
– Tumi Holdings, Inc.
– eBags, Inc.
– High Sierra

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global North America travel bags market based on product type, distribution channel, material type, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Backpacks
– Duffel Bags
– Tote Bags
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Online
– Offline

3. Material Type Outlook (Revenue, USD Million, 2017 – 2030)

– Leather
– Non-Leather

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Key Drivers of the North America Travel Bags Market?
[A]: The increasing demand for lightweight and stylish bags from the millennials, rising disposable income, and the increasing number of business trips are the key drivers of the North America travel bags market. Furthermore, the growth of e-commerce, the availability of various designs and sizes, and the increasing trend of customized travel bags are also driving the market growth.

[Q]: Who are the Key Players in the North America Travel Bags Market?
[A]: Samsonite International S.A., VF Corporation, American Tourister, Tumi Holdings Inc., VIP Industries, Delsey SA, Caribee, Victorinox Group, Kipling, and Briggs & Riley Travelware are some of the key players in the North America travel bags market.

[Q]: What are the Major Distribution Channels for Travel Bags in North America?
[A]: Major distribution channels for travel bags in North America are online stores, specialty stores, department stores, hypermarkets/supermarkets, and others. Online stores are expected to be the fastest growing segment due to the convenience and availability of a wide variety of products.

[Q]: What are the Factors Limiting Market Growth in North America?
[A]: The high cost of production and the threat of counterfeiting are some of the factors limiting market growth in North America. The counterfeiting of branded products such as travel bags is a major concern for the industry, as it affects the reputation of the brand and the customers’ perception of the product.

[Q]: What are the Potential Opportunities for Market Growth in North America?
[A]: The potential opportunities for market growth in North America include increased focus on product innovation, introduction of smart travel bags, and expansion of the product portfolio. Additionally, the increasing trend of customized travel bags and the emerging trend of digitalization are expected to provide potential opportunities for market growth in the region.