Luggage market worldwide - statistics & facts
Luggage retail is a very important market throughout the world. Baggage or luggage consists of bags, cases, and containers which hold a traveler's articles while the traveler or passenger is traveling. Luggage has changed a lot over time. Historically, the most common types of luggage were chests or trunks made of wood or other heavy materials. Today's consumer may have a range of bags and cases containing clothing, toiletries, small possessions, trip necessities, and on the return-trip, souvenirs. In 2022, the luggage market was valued at approximately 17.6 billion U.S. dollars worldwide. This was forecast to increase in each of the following years, exceeding 23 billion dollars.
The global export value of travel goods and handbags amounted to roughly 75 billion U.S. dollars in 2021, a record figure. The country which exported the highest value of such goods was China. China exported more than the next five largest exporters combined, including France and Italy. China was also one of the leading importers of these goods, ranking second behind the United States and ahead of Japan.
Global market overview
Markets such as sports luggage, anti-theft luggage, and backpacks are part of the global luggage market. The global backpack market was estimated to be worth around 15.9 billion U.S. dollars in 2022. This figure was forecast to almost double between 2022 and 2030.The global export value of travel goods and handbags amounted to roughly 75 billion U.S. dollars in 2021, a record figure. The country which exported the highest value of such goods was China. China exported more than the next five largest exporters combined, including France and Italy. China was also one of the leading importers of these goods, ranking second behind the United States and ahead of Japan.
