Backpack Travel Bag Market Size, Share, Growth, And Industry Analysis, By Type (Backpack, Rolling Backpack), By Application (Adult, Kids), Regional Insights, and Forecast From 2024 To 2031

Backpack Travel Bag Market Report Overview

• 
•  Request a Free Sample to learn more about this report

The global backpack travel bag market size was USD 22900 million in 2021 and is expected to reach USD 29087.67 million in 2031, exhibiting a CAGR of 2.4% during the forecast period.

Backpack travel bag are a form of travel accessory that explorers, trekkers, tourists, and commuters have been using to transport their garments and other belongings. The most common forms of travel bags on the market are duffle bag, weekenders, rolling luggage, wheeled backpacks totes, and travel packs. The tough side variants are composed of polypropylene, polycarbonate, and ABS (acrylonitrile-butadiene-styrene) and are ideal for transporting electronic devices and fragile items.

The durable and lightweight soft-side combinations, on the other hand, are made from nylon, polyester, cotton, leather, and vinyl. These travel bagsare available in a wide range of sizes, patterns, and colors, and can be tailored to meet the needs of the consumer.

COVID-19 Impact: Interference in Supply Chains to Decline Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with backpack travel bag experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic compelled governments around the world to take various measures to stem the virus's spread, such as limiting immigration, shuttering of non-essential businesses, and many other social distancing measures. Job, sporting events, travel, and tourism were all halted as a result of these restrictions and regulations, further impacting backpack travel bag market growth as consumer spending for backpack travel bag immensely declined. Because of a change in consumer consumption for travel products, this decline had a critical effect on the industry. Furthermore, due to shut downs, offline channels of distribution such as hypermarkets/supermarkets, specialty shops, and many others were closed, lowering the backpack travel bag market overall financial performance.

Latest Trends

"Rise in the Number of Work-from-Home Opportunities to Intensify Market Magnification "

The quickly shifting pattern and technical developments all over the world are changing the demand of people of all ages. Contemporary bags and luggage are created with the needs of the consumer in mind. Styles are now extremely versatile and incorporate popular fashion trends, aesthetics, and consumer needs.

The rise in the number of work-from-home opportunities has helped fuel the hotel stays trend between many professionals. As people have to carry gadgets, documents, and accessories, backpack travel bag market share has grown.

Increasing technological advancements have resulted in the creationof smart bags. Interior lighting, cordless chargers/power banks, and real-time monitoring tools are among them. Wi-Fi, solar charging, Bluetooth devices, NFC tags, and other advanced features are available, as are rear camera setup, lost product alerts, distant theft and opening alarms, and more.

Backpack Travel Bag Market Segmentation

• 
•  Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into backpack, rolling backpack

Backpack is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into adult, kids

Adult is the leading part of the application segment

Driving Factors

"Recreational Activities to Boost Market Share "

Camping and other leisure activities have been major market drivers for the growth of backpack travel bag market. When it comes to outdoor activities, camping is among the most popular choices. It has also been shown to provide numerous health benefits and to improve a person's mental and physical well-being. The increasing number of people wanting to work while camping has increased the demand for better products that allow them to carry a wide range of luggage. The increase in advancement in camping/trekking back packs in aspects of models, materials selection, and other factors attracts many people, which will drive future growth of the marketeven further.

Furthermore, the wide availability of platforms both online and offline such as specialty stores, hypermarkets and convenience stores, and others will fuel market growth. Furthermore, the expansion of social media marketing on sites such as Facebook, and others have enhanced the customer base in a relatively short amount of time and at a low cost.

"Growth of Mobile Lifestyle to Aid Market Forwarding "

Individuals' increasingly mobile lifestyles have heightened the significance of advanced technological features in products. The increase in travel for employment, schools, and recreational activities is due to the rapid growth of urbanization. As a result, designs and progressions have improved travel convenience. The growth of mobile lifestyle is a result of rising disposable income in urban areas and infrastructure advancements. Individuals now carry bags on a daily basis due to their reliance on advanced technologies and the requirement to travel for work or education. Individuals now carry bags on a daily basis due to their reliance on innovation and the requirement to travel for work or education.

Restraining Factors

"Counterfeit Products to Deplete Market Advancement "

Counterfeit products are produced with cheaper products and sold illegally underneath the names of well-known market players without authorization. Exclusive brand counterfeiting is more common in developing nations where people seem to be more price conscious. This factor limits the sale of brand-new products in the economy, including backpack travel bag market. Moreover, counterfeit products are of low quality, causing inconvenience, safety concerns, and negative customer perception. Furthermore, the e-commerce network or channelis the primary platform for brand counterfeiting.

Backpack Travel Bag Market Regional Insights

• 
•  Request a Free Sample to learn more about this report

"Widespread Usage of the Good to Foster Market Growth in North America and Asia Pacific"

North America dominatesthe backpack travel bagmarket with the highest percentage. High disposable income, enhanced tourism, and the presence of major industriesare the major drivers market growth in the region. Rising design innovation and the increasing popularity of elevated designer bags are driving product sales in this region.

During the forecast period, Asia Pacific is expected to grow at a faster CAGR. A rise in tourism and travel activities, as well as an increase in business travelers, are expected to boost demand for the backpack travel bagin the area. The existence of established brands such as VIP and others, as well as the increasing supply of travel backpacks, laptop bags,duffel bags,and so on, are predicted to propel market growth over the forecast period.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. Themarket report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market areexpected to benefit from substantial growth opportunities in the near future.

LIST OF TOP BACKPACK TRAVEL BAG COMPANIES

• Samsonite (Hong Kong)
• Osprey (U.S.)
• VF (U.S.)
• Victorinox (Switzerland)
• Traveler’s Choice (U.S.)
• Lowe Alpine (U.S.)
• Deuter (Germany)
• Standard Luggage (U.S.)
• Timbuk2 (U.S.)
• Herschel Supply (Canada)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.