The recent upsurge of travel and tourism is one of the most prominent reasons for global rolling luggage bag market to grow rapidly. The increasing number of national and international travellers are contributing toward the growth of the rolling luggage bag market, globally.
The global rolling luggage bag market was worth US$12100 mn in 2018 and the report suggests that it will reach US$20100 mn by 2025, registering a steady CAGR of 7.6% during the period of 2018 to 2025. QY Research discusses the future of the market in its latest report, titled “Global Rolling Luggage Bag Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types, and Application.”
Global Rolling Luggage Bag Market: Drivers
The global rolling luggage bag market gets a boost depending on a number of reasons. Easy travelling, better travel vehicles and low cost flights are some of the boosting factors for global rolling luggage bag market. Better political relation among the countries are encouraging the market to grow in a steady manner. The increased disposable income also have their fair share in enhancing the market. Travel has become a new-found interest amongst the global population, which is also creating positive impact on the global rolling luggage bag market.
Global Rolling Luggage Bag Market: Segment Analysis
The global rolling luggage bag market is segmented by type and application. In terms of type, the market is segmented into 4-Wheel and 2-Wheel luggage bags, depending on users’ preference. Apart from that, the market is also segmented as per applications, and this segment includes check-in (Height≤56cm) luggage bags and cabin (Height>56cm) luggage bags, depending on its usability.
Global Rolling Luggage Bag Market: Regional Analysis
On the basis of region, the global rolling luggage bag market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is being the leading region for global rolling luggage bag market. The market of Asia Pacific region is increasing depending on the growing population. Europe and North America are also prospering in the global rolling luggage bag market due to high disposable income and travel enthusiasm in the region.
Global Rolling Luggage Bag Market: The Key Players
The key players studied in the global rolling luggage bag market are VIP Industries Limited, Samsonite, Delsey, Briggs and Riley, VF Corporation, Louis Vuitton, Rimowa, Antler, Victorinox, MUJI, Hideo Wakamatsu, Olympia, ACE, Tommy Hilfiger, Travelpro, Skyway, Fox Luggage, Diplomat, EMINENT, and Traveler’s Choice.
These companies are well aware of the global competition and trying to bring the best solution keeping in mind the demand of the mass. The companies are even trying their best to make these luggage bags a style statement, and thus they are now being well designed. Now luggage bags are designed for men, women and even kids. The competitive situation is indicating the future prospect for the global rolling luggage bag market.
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