Extra persons are touring at present than ever earlier than, and regardless of the setbacks of COVID-19, the journey trade as an entire has grown quickly over the previous decade. Baggage is not any exception.
Within the wake of COVID-19 and the emergence of numerous startup baggage manufacturers, the market is consistently evolving. Listed here are the important thing statistics to know the bags market.
Baggage retail gross sales in america over time
From 2010 to 2019, retail gross sales of suitcases in america elevated almost 130%. Statesman. This progress has been pushed by extra individuals touring, mixed with innovation within the trade and extra focused advertising and marketing on-line and on social media.
The next chart and desk present whole retail gross sales of suitcases in america from 2010 to 2021.
Baggage retail gross sales in america | |
12 months | Billions of {dollars} |
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-related journey bans brought on a 59% decline in retail baggage gross sales in america. By 2021, U.S. baggage gross sales had returned to 85% of pre-pandemic ranges.
International baggage market measurement forecast
In 2022, the worldwide baggage market was valued at $17.6 billion Statesman.
The chart beneath reveals the previous and projected progress of the worldwide baggage market, from 2017 to 2025.
International baggage market measurement forecast | |
12 months | Billions of {dollars} |
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 beneath 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 compound annual progress fee of seven.2% within the baggage sector. .
Increasingly more persons are touring all over the world and we will solely anticipate this pattern to proceed. That is excellent news for each established baggage manufacturers and new startups within the trade.
Within the years and months main as much as COVID-19, a number of new manufacturers emerged within the baggage and journey gear trade.
Whereas the pandemic has been a troublesome time for brand spanking new journey manufacturers, those who have managed to outlive (Beis, Monos, July and others) will possible expertise vital progress within the coming years as the bags trade as an entire continues to develop rapidly.
Baggage search curiosity by month
Whereas seasonal traits in baggage gross sales and search curiosity aren’t as stunning as they’re for backpacks (that are most in demand throughout the “again to highschool” season), there are undoubtedly patterns that repeat every year.
The desk beneath reveals the US search curiosity for the time period “baggage” by month from January 2021 to December 2023 in line with Google Developments.
The sample within the graph above reveals that there are two spikes in search curiosity for baggage every year.
The primary is a gradual improve throughout the spring that peaks in July. Summer time is the season that universally sees essentially the most journey and this pattern displays it. Because the summer time faculty holidays start, persons are shopping for baggage to organize for his or her journeys.
The second peak happens throughout the vacation season, notably Black Friday weekend. That is essentially the most worthwhile time of yr for a lot of shopper items industries, so it is no shock that persons are most keen on baggage throughout this time.