Europe Travel Bags Market Share, Trends, Growth Drivers, Key Manufacturers, Challenges and Future Investment Strategies Till 2033


Europe Travel Bags Market Share, Trends, Growth Drivers, Key Manufacturers, Challenges and Future Investment Strategies Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Dec-2023
 Author: SPER Analyst

Europe Luggage and Bags Market is projected reach USD XX billion by 2033 with a CAGR of XX%.

Travel bags are used as a type of equipment for travellers, tourists, trekkers, and explorers to carry their clothes and other items. Duffel bags, rolling luggage, wheeled backpacks, weekenders, totes, and travel packs are among the most widely used types of travel bags available today. Electronics and fragile products are best transported in the hard-side variants, which are composed of polypropylene, polycarbonate, and acrylonitrile-butadiene-styrene (ABS). Conversely, materials such as nylon, polyester, cotton, leather, and vinyl are utilised in the creation of the sturdy and lightweight soft-side models. These are customisable travel bags that are available in a variety of colours, patterns, and sizes to suit the demands of the buyer.

Europe Luggage and Bags Market Driving Factors and Challenges
Europe is one of the world's top marketplaces for luggage, leather products, and accessories, coming in second only to Asia. The categories with the best sales were tiny suitcases, laptop cases, and purses. Many consumers in the EU like following the newest fashion trends. Furthermore, this established market has been greatly stimulated by the growing diversity in luggage and accessory designs as well as the growing usage of novel non-leather materials including nylon, fibre, and fabrics. Additionally, more customers have been exposed to this market sector due to reduced prices and expanded supply through non-specialist channels, which has improved sales. Increased influence from fashion, more spending cash, and short weekend business trips on low-cost airlines are all contributing factors. New markets for males, teenagers, and seniors have also been identified. Innovations in technology, among other things, are driving demand in this sector. Europe has long been recognised as a major global provider of fine leather products and accessories, as well as baggage.

The broad trends in clothes that pertain to sustainability, technical innovation, and heightened emphasis on corporate and social responsibility are also observed in the European luggage sector. Germany, France, and the UK are the three main European markets for business and travel bags. Compared to the North American sector, this market will grow more quickly. The market for travel and business bags in Europe will grow thanks to the availability of a wide range of designs and complementary accessories.

However, changes in the tourism business and the availability of regional brands that are significantly less expensive are the main challenges facing manufacturers of travel bags. The tourism sector is closed at certain periods. One example of this was the COVID-19 pandemic. Worldwide travel was entirely suspended for approximately a year during the pandemic. Both the travel luggage market and other businesses involved in the tourism sector are greatly impacted by this.

Impact of COVID-19 on Europe Luggage and Bags Market
In2021, the pandemic had a significant impact on sales and operations across the board for the fashion sector. During lockdowns, many local businesses had to close in the majority of European countries. A combination of steep discounts, government assistance, and a move to digital sales helped some of them survive. In 2021, there was a general decrease in luggage sales, however not to the same extent as other garment areas. Industry analysts, however, believe that in the long run, the pandemic might alter all aspects of market dynamics. New consumer needs and trends were brought about by the pandemic. For instance, it has been noticed that several Chinese producers offer antiviral and antibacterial textiles to consumers.

Europe Luggage and Bags Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bric's Industria Valigeria Fine SPA, Calvin Klein Inc., Delsey S.A, Etienne Aigner AG, Michel Kors Holding Limited, Mot Hennessy Louis Vuitton SA (LVMH), Nike, Inc., Prada S.p.A., Samsonite International S.A, Travelpro International, Inc., Victorinox AG, VIP industries Limited, Others.

Europe Luggage and Bags Market Segmentation:

By Type: Based on the Type, Europe Luggage and Bags Market is segmented as; Duffel Bag, Luggage & Bags, Spinner Luggage, Travel Pack.

By Price: Based on the Price, Europe Luggage and Bags Market is segmented as; Low Range, Medium Range, Premium.

By Application: Based on the Application, Europe Luggage and Bags Market is segmented as; Business, Travel, Other.

By Region: This research also includes data for France, Germany, Italy, Russia, Spain, United Kingdom, and rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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