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What is the current market size and future outlook for the travel accessories market?
The travel accessories market size has grown strongly in recent years. It will grow from $53.05 billion in 2024 to $57.21 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to influence of fashion trends on travel accessories, rapid urbanization, social media influence, growing focus on health and wellness, growing youth population.
The travel accessories market size is expected to see strong growth in the next few years. It will grow to $76.29 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising disposable income, growing travel industry, increasing international tourism, lifestyle changes, frequent business travel. Major trends in the forecast period include trend towards personalized and customizable travel accessories, innovations in travel accessories, demand for sustainable and eco-friendly products, adoption of multipurpose and convertible accessories, demand for smart luggage.
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How has the travel accessories market evolved, and what factors have shaped its growth?
The increasing travel and tourism activities for leisure purposes is expected to propel the growth of the travel accessories market going forward. Travel and tourism activities encompass a broad range of experiences and services including transportation, accommodation, entertainment, and exploration, designed to provide leisure, adventure, and cultural enrichment to travelers visiting different destinations. Travel and tourism activities are rising due to increasing disposable incomes, improved transportation infrastructure, globalization, and a growing desire for unique and diverse experiences. Travel accessories are essential for travel and tourism activities as they enhance convenience, comfort, and organization, ensuring a smoother and more enjoyable travel experience. For instance, in May 2023, according to a report published by the United Nations World Tourism Organization, a Spain-based specialized agency, in the first quarter of 2023, international tourist arrivals surged to 80% of pre-pandemic levels, with around 235 million travelers, representing more than a twofold increase compared to the same period in 2022. The tourism sector showed impressive resilience, with revised 2022 data indicating that over 960 million international tourists traveled abroad, recovering two-thirds (66%) of pre-pandemic levels and highlighting the industry’s ability to rebound and regain momentum. Therefore, the increasing travel and tourism activities for leisure purposes is driving the growth of the travel accessories market.
What are the major segments of the travel accessories market?
The travel accessories market covered in this report is segmented –
1) By Product Type: Travel Bags, Travel Outfits, Business Cases, Electronic Accessories, Personal Leather Goods, Toiletries, Food Box, Travel Pillow And Blanket, Locks, Other Product Types
2) By Price Range: Premium, Medium Range, Low Range
3) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Factory Outlets, Online Channels, Multi-Brand Outlets
Subsegments:
1) By Travel Bags: Suitcases And Luggage, Backpacks, Duffel Bags, Carry-On Bags, Garment Bags
2) By Travel Outfits: Travel Clothing, Travel Shoes, Outerwear
3) By Business Cases: Briefcases, Laptop Bags, Messenger Bags, Business Travel Organizers
4) By Electronic Accessories: Power Banks, Travel Adapters And Converters, Headphones And Earbuds, Chargers And Cables, Portable Speakers
5) By Personal Leather Goods: Wallets, Passport Holders, Travel Organizers, Luggage Tags, Belts
6) By Toiletries: Toiletry Bags, Travel Bottles, Shaving Kits, Toothbrushes And Toothpaste Sets, Skincare And Personal Care Kits
7) By Food Box: Insulated Lunch Boxes, Bento Boxes, Reusable Food Containers, Thermos Or Flask
8) By Travel Pillow And Blanket: Neck Pillows, Inflatable Pillows, Travel Blankets, Sleep Masks
9) By Locks: Luggage Locks, Combination Locks, Cable Locks, TSA-Approved Locks
10) By Other Product Types: Travel Organizers, Safety Accessories, Travel Games And Entertainment, Travel Neck Straps And ID Holders
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Which companies dominate the travel accessories market?
Major companies operating in the travel accessories market are Delsey, LVMH Group, Nike Inc., Adidas AG, Decathlon SA , VF Corporation, Samsonite, Rimowa GmbH, Victorinox AG, Tumi Holdings Inc., CE Luggage Co. Ltd., United States Luggage Company LLC, Magellan’s, MCM Worldwide Ltd., VIP Industries Ltd., Osprey Packs, Travelpro Products Inc., Timbuk2, Eagle Creek Inc., Briggs & Riley, Gregory Inc., TravelSmith Outfitters, American Tourister Inc., Travel Blue Ltd., Sinox Company Ltd.
How will evolving trends contribute to the growth of the travel accessories market?
Major companies operating in the travel accessories market are developing innovative products, such as accessories made from upcycled aircraft interiors, to provide a second life to materials that would otherwise be discarded. Accessories made from upcycled aircraft interiors are products crafted from repurposed materials sourced from decommissioned or retired aircraft. For instance, in November 2023, Emirates, a UAE-based airline company, launched the capsule collection of luggage, bags, and accessories. The travel accessories stand out for their unique feature of being crafted from upcycled materials sourced from retrofitted aircraft, including the iconic Emirates A380 and 777 models. This limited-edition collection, designed and handmade by Emirates tailors in Dubai’s Emirates Engineering facility, includes suitcases, backpacks, handbags, card holders, toiletry bags, belts, and shoes. The accessories incorporate surprising materials such as aluminum headrests, leather from A380 lounge couches, seatbelts, and even fur from the captain’s seat, offering a distinctive blend of style and aviation history.
What are the key regional dynamics of the travel accessories market, and which region leads in market share?
Asia-Pacific was the largest region in the travel accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the travel accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Travel Accessories Market Report 2025 Offer?
The travel accessories market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Travel accessories are products designed to enhance the convenience, comfort, and safety of travelers. These items cater to various needs during travel, including organization, security, comfort, and health. These accessories aim to address common challenges faced by travelers, making their journeys more efficient and enjoyable.
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