The baggage trade is altering. The identical massive manufacturers have dominated the enterprise for many years, however now new startups are making an affect within the baggage market and redefining what it means to be a profitable journey model.
Our workforce has spent years build up experience within the baggage market. We’ve labored immediately with lots of the high manufacturers within the trade and have examined dozens of suitcases throughout our personal intensive travels. We constructed this report based mostly on our years of trade expertise and in-depth analysis into the baggage market, manufacturers, and design tendencies.
Whereas the journey trade, and baggage particularly, took successful through the COVID-19 pandemic, journey is formally again and on the rise. As extra persons are touring across the globe, the demand for baggage can also be rising. Plus, as fashionable startup manufacturers like Away and Monos are gaining traction, the notion of bags is altering from a boring important to one thing with fashion and character.
I’ll information you thru a full evaluation of our in-depth analysis and spotlight the important thing baggage statistics from our analysis.
Key Baggage Statistics
- In 2020, baggage retail gross sales within the US dropped 59% as a consequence of pandemic journey bans.
- The worldwide baggage market is predicted to exceed pre-pandemic progress in 2024.
- Samsonite continues to be by far the most important baggage model, with over $2.9 billion in income in 2022.
- Regardless of Samsonite’s market domination, Away Journey has virtually double the web search curiosity.
- The typical carry-on suitcase weighs 7.6 lbs and has 40.3 L of quantity.
- The typical checked suitcase weighs 10.4 lbs and has 91.2 L of quantity.
- The July Carry-On Mild was the lightest suitcase in our evaluation, weighing simply 3.9 lbs.
- At $1430, the RIMOWA Authentic Cabin was the most costly suitcase in our evaluation.
- The international locations with the best web search curiosity in baggage are rich island nations like Singapore, the UK, and New Zealand.
- Contained in the US, coastal states have a lot larger search curiosity in baggage, and Hawaii is the chief by far.
Baggage Market Statistics
Extra persons are touring than ever earlier than, and, regardless of COVID-19 setbacks, the journey trade as an entire has been rising quickly over the previous decade. Baggage is not any exception to that.
Within the wake of COVID-19 and the emergence of a bunch of startup baggage manufacturers, the market is frequently altering. Listed below are the important thing statistics for understanding the baggage market.
US Baggage Retail Gross sales Over Time
From 2010 to 2019, US baggage retail gross sales elevated by almost 130% in accordance with Statista. This progress was pushed by extra individuals touring mixed with innovation within the trade and extra centered advertising on-line and in social media.
The chart and desk under present the whole retail gross sales for baggage within the US from 2010 to 2021.
US Baggage Retail Gross sales |
|
Yr |
Billion USD |
2010 |
$16.8 |
2011 |
$19.7 |
2012 |
$22.2 |
2013 |
$28.2 |
2014 |
$32.0 |
2015 |
$30.0 |
2016 |
$30.2 |
2017 |
$32.5 |
2018 |
$37.5 |
2019 |
$38.4 |
2020 |
$15.6 |
2021 |
$32.5 |
From 2019 to 2020, COVID journey bans triggered a 59% drop in US baggage retail gross sales. By 2021, baggage gross sales had returned to 85% of pre-pandemic ranges in america.
World Baggage Market Dimension Forecast
In 2022, the worldwide baggage market was valued at $17.6 Billion, in accordance with Statista.
The chart under reveals the previous and forecasted progress of the baggage market worldwide, from 2017 to 2025.
World Baggage Market Dimension Forecast |
|
Yr |
Billion USD |
2017 |
$19.7 |
2018 |
$22.0 |
2019 |
$22.9 |
2020 |
$15.3 |
2021 |
$16.2 |
2022 |
$17.6 |
2023 |
$20.2 |
2024 |
$23.1 |
2025 |
$24.6 |
Whereas the worldwide baggage market was nonetheless far under pre-pandemic ranges in 2022, it’s anticipated to surpass these ranges by the top of 2024. From 2019 to 2029, researchers at Mordor Intelligence predict a 7.2% compound annual progress charge within the baggage trade.
Extra persons are touring around the globe, and we will solely count on that development to proceed. That’s excellent news for each established baggage manufacturers and newer startups within the enterprise.
Within the years and months main as much as COVID-19, a number of new manufacturers emerged within the baggage and journey gear house.
Whereas the pandemic was a difficult time for brand spanking new journey manufacturers, people who did handle to outlive (Beis, Monos, July, and others) will seemingly expertise vital progress within the coming years as the baggage trade as an entire continues to develop quickly.
Baggage Search Curiosity by Month
Whereas the seasonal tendencies in baggage gross sales and search curiosity aren’t as placing as for backpacks (that are most in demand at “back-to-school” season), there undoubtedly are yearly-repeating patterns.
The desk under reveals US search curiosity within the time period “baggage” by month from January 2021 to December 2023 in accordance with Google Developments.
The sample within the chart above reveals that yearly there are two spikes in search curiosity for baggage.
The primary is a gradual ramp-up by way of the spring that peaks in July. Summer time is the season that universally sees essentially the most journey, and this development displays that. As college summer season holidays begin, persons are searching for baggage to gear up for journeys.
The second spike is within the vacation season, particularly Black Friday Weekend. That is essentially the most worthwhile time of yr for a lot of client items industries, so it’s no shock that persons are extra enthusiastic about baggage throughout this time.
Baggage Model Statistics
For a lot of a long time, baggage was a reasonably steady, not notably thrilling product vary. Just a few huge manufacturers dominated the enterprise, and other people knew what to anticipate from these manufacturers and their merchandise. Baggage was boring, a instrument to perform a job.
Issues began to vary within the years from 2012 to 2020, as just a few startup manufacturers started shaking issues up in baggage. Away, based in 2015, made a giant splash with a brand new line of suitcases designed to be trendy and thrilling, a really distinguished social media presence, and a collection of well-placed superstar endorsements.
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