The Latest Released Travel Duffel Bags market study has evaluated the future growth potential of Global Travel Duffel Bags market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Travel Duffel Bags market. The study includes market share analysis and profiles of players such as Everest Bag (United States), Samsonite (United States), Delsey (France), Luggage America (United States), Travelpro (United States), Netpackbag (United States), Ralph Lauren (United States), VIP Industries (India), Rimowa (Germany), Antler (Singapore), Eagle Creek (United States), Others.
The Travel Duffel Bags market size is estimated to reach by USD 15.49 Billion at a CAGR of 6.5% by 2030. The report includes historic market data from 2019 to 2023. The Current market value is pegged at USD 6.79 Billion.
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Definition:
Travel duffel bags, often referred to simply as duffel bags or travel bags, are a type of luggage or carryall designed for travelers to pack and transport their belongings conveniently and efficiently. These bags are characterized by their cylindrical or rectangular shape, soft-sided construction, and typically feature handles and a shoulder strap for easy carrying. Travel duffel bags are typically made from durable materials like nylon, polyester, canvas, or leather. They are designed to withstand the rigors of travel and may have reinforced corners, sturdy zippers, and padded interiors to protect the contents. Duffel bags are favored for their portability. They are often lightweight and can be carried using top handles, a detachable shoulder strap, or even as backpacks in some designs.
Market Trends:
- There is a growing trend in the travel industry toward eco-friendly and sustainable travel gear, including duffel bags made from recycled materials or sustainable fabrics.
- Travelers are seeking versatile duffel bags that can adapt to various travel scenarios, from weekend getaways to adventure trips. Convertible duffel bags that can be worn as backpacks are increasingly popular.
- Duffel bags with stylish designs, colors, and customization options are gaining traction as travelers look for luggage that reflects their personal style.
Market Drivers:
- The overall growth of the travel and tourism industry is a significant driver of demand for travel duffel bags.
- The shift towards shorter and more frequent trips has increased the demand for versatile and compact luggage options like duffel bags.
- Consumers are increasingly viewing luggage as a fashion accessory, leading to a demand for trendy and stylish duffel bags.
Market Opportunities:
- The growth of e-commerce offers opportunities for both established brands and emerging players to reach a global customer base. Online marketplaces and direct-to-consumer sales channels are key avenues for growth.
- Brands can innovate by introducing new materials, design features, and technologies that enhance the functionality and convenience of duffel bags.
- Offering customization options, such as monogramming or personalized colors, can attract consumers seeking unique and personalized travel gear.
Market Challenges:
- The travel duffel bag market is highly competitive, with numerous brands offering a wide range of products. This can make it challenging for new entrants to establish a presence.
- Disruptions in the global supply chain, such as those caused by the COVID-19 pandemic, can lead to delays in production and distribution.
Market Restraints:
- The production and disposal of travel duffel bags can have environmental impacts. Brands face pressure to address sustainability concerns and reduce their carbon footprint.
- Economic downturns and fluctuations can affect consumer spending on non-essential items like luggage.
- Meeting international regulations and standards related to product safety, materials, and labeling can be a challenge for manufacturers and sellers in the market.
Major Highlights of the Travel Duffel Bags Market report released by HTF MI
Market Breakdown by Applications: Company-owned Stores, Supermarkets, Online stores, Specialist Retail Stores, Others
Market Breakdown by Types: Leather, Jute, Polyester, Others
Revenue and Sales Estimation — Historical Revenue and sales volume are presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well-recognized Types and end-use industry.
SWOT Analysis on Travel Duffel Bags Players
In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.
Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.
Regulation Analysis
• Local System and Other Regulation: Regional variations in Laws for the use of Travel Duffel Bags
• Regulation and its Implications
• Other Compliances
Market Factor Analysis
Macro Economic Factors
Impact of Inflation on Demand Cycle
Ukraine War and Its Analysis
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: Everest Bag (United States), Samsonite (United States), Delsey (France), Luggage America (United States), Travelpro (United States), Netpackbag (United States), Ralph Lauren (United States), VIP Industries (India), Rimowa (Germany), Antler (Singapore), Eagle Creek (United States), Others
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Some Extracts from Global Travel Duffel Bags Market Study Table of Content
Global Travel Duffel Bags Market Size (Sales) Market Share by Type (Product Category) Leather, Jute, Polyester, Others] in 2024
Travel Duffel Bags Market by Application/End Users [Company-owned Stores, Supermarkets, Online stores, Specialist Retail Stores, Others]
Global Travel Duffel Bags Sales and Growth Rate (2019-2030)
Travel Duffel Bags Competition by Players/Suppliers, Region, Type, and Application
Travel Duffel Bags (Volume, Value, and Sales Price) table defined for each geographic region defined.
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in the complete table of Contents
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