, /PRNewswire/ -- The global travel and business bags market size is estimated to grow by .88 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.
09% during the forecast period. Growing demand for lightweight travel bags is driving market growth, with a trend towards growing demand for travel and business bags with smart features. However, rising labor costs and fluctuating raw material prices poses a challenge.
Key market players include DELSEY, Eagle Creek Holdings LLC, Hermes International SA, IT Luggage Ltd., Kering SA, Ohio Travel Bag LLC, Osprey Packs Inc., Prada Spa, Ralph Lauren Corp.
, Safari Industries India Ltd., Samsonite International S.A.
, Tapestry Inc., Targus, The LVMH group, Titan Co. Ltd.
, Tods Spa, United States Luggage Co. LLC, Valigeria Roncato Spa, VIP Industries Ltd., and Wildcraft India Pvt.
Ltd.. Get a detailed analysis on regions, market segments, customer landscape, and companies - The travel and business bags market is experiencing significant growth due to increasing consumer preference for smart luggage.
Vendors provide a variety of products, including trolley bags with advanced features such as TSA-approved fingerprint locks, built-in weight scales, Bluetooth trackers, and USB ports with power banks. RFID-blocking pockets and magnetic zipper pullers are additional features. Notable brands like Samsonite offer fingerprint-activated locks and Bluetooth trackers.
These innovations enhance convenience and ef.
