Rolling Luggage Bag Market Size, Share, and Industry Analysis By Type (4Wheel and 2 Wheel) By Application (Cabin (Height-56cm) Check In(Height-56cm), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Rolling Luggage Bag Market REPORT OVERVIEW

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The global rolling luggage bag market size was USD 15670 million in 2021 and is projected to touch USD 31650.33 million by 2031, exhibiting a CAGR of 7.3% during the forecast period.

A rolling luggage bag is a bag with attached wheels and a handle that helps users to transport their luggage easily. The bags consist of 2 and 4 wheels, which, in turn, helps users to travel conveniently. The bags are made up of high-quality materials and provide excellent resistance to impacts and dust. The bag incorporates internal skeletons made up of advanced shock-absorbing materials to protect brittle luggage such as electronic gear and brittle items. It incorporates a hardshell case that is extremely strong and resistant to damages, thereby providing excellent protection. 

The rising demand for advanced consumer goods is expected to bolster its demand in the global market. Increasing travel and the emergence of businesses are responsible for the escalation in bags' sales. The demand for high-quality and protective luggage bags is likely to foster the product's demand. It is highly protective compared to its counterparts and provides excellent safety to luggage inside. Hence, these factors are expected to influence the growth of the rolling luggage bag market. 

COVID-19 Impact: Halt on Travel and Transport to Impede Market Growth Exponentially

The COVID-19 pandemic has negatively affected several markets globally. An alarming spike in COVID-19 cases has provoked governments to impose stringent lockdown regulations to control virus spread. As a result, travel activities have come to a stop. As a result, the demand for the bag is expected to fall significantly. Furthermore, the halt on production activities has negatively affected the supply chain. The lack of raw materials and bag production may negatively affect sales. Despite lockdown relaxations, the product's sales experience slow growth because of the restrictions on travel. The adoption of digitization has eliminated the need for travel globally. Therefore, these factors may negatively affect the rolling luggage bag market's progress. 

LATEST TRENDS

"Adoption of Online Retail by Manufacturers to Foster Market Growth"

The adoption of online retail has enabled manufacturers to expand their reach globally and capture more consumers. The rising demand for convenient shopping solutions has led to the adoption of e-commerce platforms. Companies such as Wildcraft and Amazon Basics offer unisex traveling luggage bags on their respective shopping sites to improve consumer's convenience. It is an elegant solution that reaches more consumers and enables the company to expand its reach. Online retail leads to a spike in sales because of the easy accessibility. The adoption of digitization by several developed and developing economies leads to the adoption of online retail, thereby boosting the bag's sales. The adoption of digital platforms encourages consumers to explore a range of trolley bags and compare products as per their convenience. This factor can boost rolling luggage bag demand drastically. 

Manufacturers invest lesser resources and money to sell their products online. It saves office and storage costs and increases its focus on offering advanced products to consumers. Online retail helps manufacturers to reduce staff costs and expand their market reach globally. These factors can propel the rolling luggage bag market's growth. 

Rolling Luggage Bag Market Segmentation

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• By Type Analysis

By type, the market is segmented into 4 Wheel and 2 Wheel

4 wheels are the leading segment because of the rising adoption of sturdy options from manufacturers. It is more durable and can be maneuvered easily. It offers smooth motion and 360-degree wheels for extra convenience. Manufacturers such as Samsonite incorporate advanced locking and metal wheels that can be spun 360 degrees and possess excellent quality. Additionally, the convenience and excellent durability are likely to foster rolling luggage bag market progress. 

• By Application Analysis

Based on application, the market is classified into Cabin (Height-56cm) Check-In(Height-56cm

The cabin (height-56cm) segment is expected to lead the market because of its convenience and various compartments. It offers excellent storage for personal items, clothes, electronics, and other luggage and possesses excellent sturdiness. The rising demand for advanced storage facilities in bags is expected to foster market growth. 

DRIVING FACTORS

"Increasing Tourism Activities to Magnify Demand for Rolling Luggage Bag "

Evolving consumer lifestyles and increasing spending capacity is responsible for the rising demand for high-quality and tough bags. Its convenience and large storage capacity are likely to boost its demand from several consumers. The focus on tourism activities has enabled manufacturers to produce bags with shock-absorbing materials and handles that protect consumers' belongings from damages. Manufacturers incorporate hard metal coverings and 360 degree rolling wheels that prevent damage and protect luggage from damage caused by rains and impacts. Samsonite offers a 360 degree rotatable 4 wheel bag that is resistant to damages and impacts. The development of the tourism industry is expected to facilitate the bag's demand. As per the National Investment Promotion & Facilitation Agency, India became a huge Foreign Exchange Earner and reached USD 29.962 billion in 2019. These factors can influence market growth. 

"Evolving Consumer Lifestyles and Demand for High-quality Products to Drive Industry Growth"

Evolving consumer preferences and increasing demand for high-quality consumer goods are likely to foster product demand. The demand for tough, high-capacity bags is likely to boost the demand for rolling luggage bags. The convenience of handles, incorporation of advanced polycarbonate material, and large spaces are expected to improve safety and improve travel. The advantages of the product are expected to attract consumers' attention significantly. The bag provides excellent protection to brittle items such as laptops, vases, cups, smartphones, cameras, lenses, and other items, which, in turn, can propel market growth drastically. Therefore, these factors may drive the rolling luggage market growth.

RESTRAINING FACTORS

"Travel Restrictions and Adoption of Digitization to Hinder Product Sales Drastically"

The alarming spike in COVID-19 cases has lowered travel and tourism activities significantly. The spread of the virus has resulted in stringent lockdown regulations globally. The adoption of video conferencing and digital communication facilities has eliminated the need for travel to locations. The progress in digitization facilities enables organizations to conduct meetings at the convenience of their homes, which, in turn, may hamper industry growth.

Rolling Luggage Bag Market REGIONAL INSIGHTS

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"Rising Per-capita Income and Evolving Consumer Preferences to Foster Market Growth in Asia Pacific"

Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

Asia Pacific is expected to dominate the rolling luggage bag market share because of the rising per-capita income of consumers. Rapid urbanization and evolving consumer lifestyle lead to the adoption of high-quality consumer goods such as rolling luggage bags. Further, the presence of tourist attractions in India, Japan, South Korea, China, and other countries is likely to increase the demand for bags. Manufacturers set up production facilities in India and China because of the abundance of labor, thereby fostering market growth drastically. 

North America is the second-largest shareholder because of the evolving consumer lifestyle and rising demand for advanced products. Increasing business travels and the adoption of high-quality consumer goods are likely to foster rolling luggage bag demand. The presence of developed digital infrastructure and online retail may boost product demand. Additionally, the presence of bag manufacturers such as Samsonite, American Tourister, Gregory, and other companies may bolster market growth. 

In Europe, rapid urbanization and evolving consumer preferences may boost rolling luggage bags demand. Development in tourism activities and the presence of various manufacturing firms are estimated industry growth. Additionally, the rising demand for sturdy and high-quality luggage bags is likely to drive market growth in the region. 

In Latin America and the Middle East & Africa, strong purchasing power leads to the adoption of high-quality luggage bags. Therefore, these factors may bolster market growth. 

KEY INDUSTRY PLAYERS

"Companies Adopt Technologically Advanced Production Techniques to Achieve Organizational Goals"

Prominent companies operating in the market incorporate technologically advanced production techniques to improve their product quality, and attract consumers. This strategy enables companies to reduce labor costs, time consumption, increase operational efficiency, enhance the production capacity, satisfy consumer demand and meet organizational goals. Furthermore, the adoption of research and development enables companies to utilize better materials to improve the bag's strength and resistance against damages and impact. This strategy can enable companies to mitigate problems regarding reliability and reinforce their brand image. Additionally, the examination of the latest trends enables manufacturers to launch advanced bags for various use cases and terrains, thereby boosting their market position. 

List of Market Players Profiled

• Samsonite
• VIP Industries Limited
• VF Corporation
• Delsey
• Briggs and Riley
• Rimowa
• LouisVuitton
• Victorinox
• Antler
• Hideo Wakamatsu
• MUJI
• ACE
• Olympia
• Travelpro
• Tommy Hilfiger
• Fox Luggage
• Skyway
• Traveler’s Choice
• Diplomat
• EMINENT

INDUSTRY DEVELOPMENT

• March 2021: Samsonite International S.A. announced its final results for December 2020. The company announced that it exhibited a successful performance in the second half of 2020. 

REPORT COVERAGE

This report highlights the recent market trends and the top segments. It comprehensively analyzes the impact of COVID-19 and the driving and restraining factors. It observes the strategies devised by the prominent companies and the regional developments. It informs readers regarding the strategies and trends responsible for the growth of the industry.