Carry-on Luggages Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview
The "Carry-on Luggages Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Carry-on Luggages market is expected to grow annually by 13.3% (CAGR 2024 - 2031).
This entire report is of 165 pages.
Carry-on Luggages Introduction and its Market Analysis
The carry-on luggage market research report highlights the growing demand for portable and convenient travel solutions. Carry-on luggage refers to compact bags that meet airline size restrictions for overhead storage. The target market includes frequent travelers, business professionals, and holidaymakers seeking hassle-free packing options. Key factors driving revenue growth include increasing air travel, rising disposable income, and consumer preference for durable and stylish luggage. Major players in the market include Samsonite India, VIP Industries Limited, Delsey, and Tommy Hilfiger. The report recommends innovative product designs, strategic partnerships, and targeted marketing campaigns to capitalize on market opportunities.
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The carry-on luggage market is thriving with a variety of materials such as ABS, Polycarbonate, Polypropylene, Polyethylene, Aluminum, and others. These materials offer durability and lightweight options for travelers. The market is segmented into Specialist Retailers, Factory Outlets, and Internet Sales, catering to different consumer preferences.
Regulatory and legal factors play a significant role in the market conditions of carry-on luggages. Compliance with airline regulations, TSA guidelines, and international shipping laws are essential for manufacturers and retailers. Additionally, environmental factors such as sustainability and recyclability are becoming important considerations for consumers and regulators alike.
Overall, the carry-on luggage market is competitive and evolving, with a focus on innovation and functionality to meet the diverse needs of travelers. Keeping up with regulatory and legal factors is crucial for businesses to succeed in this dynamic market environment.
Top Featured Companies Dominating the Global Carry-on Luggages Market
The carry-on luggage market is highly competitive with several key players dominating the industry. Some of the major companies operating in the carry-on luggage market include Samsonite India, VIP Industries Limited, Safari, Delsey, Briggs and Riley, Rimowa, Tommy Hilfiger, VF Corporation (Eagle Creek and Eastpak), Travelpro, Victorinox, and SWISSGEAR.
These companies offer a wide range of carry-on luggage options to cater to the needs of travelers. They manufacture lightweight, durable, and stylish luggage with features such as spinner wheels, TSA locks, expandable compartments, and organizational pockets. These companies attract customers with their innovative designs, high-quality materials, and functionality.
Samsonite India, VIP Industries Limited, and Delsey are some of the leading companies in terms of sales revenue. Samsonite India reported annual sales revenue of $ billion, VIP Industries Limited reported sales revenue of $500 million, and Delsey reported sales revenue of $440 million.
These companies use various marketing strategies to grow their share of the carry-on luggage market. They collaborate with airlines, travel influencers, and celebrities to promote their products. They also invest in product development and innovation to stay ahead of competitors and meet changing consumer preferences. Additionally, these companies expand their distribution channels by partnering with online retailers and brick-and-mortar stores to reach a wider customer base.
Overall, the carry-on luggage market is driven by increasing travel trends, rising disposable incomes, and growing awareness about the importance of quality luggage. The key players in the market play a crucial role in expanding the market by offering diverse products, attractive designs, and excellent customer service.
- Samsonite India
- VIP Industries Limited
- Safari
- Delsey
- Briggs and Riley
- Rimowa
- Tommy Hilfiger
- VF Corporation (Eagle Creek and Eastpak)
- Travelpro
- Victorinox
- SWISSGEAR
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Carry-on Luggages Market Analysis, by Type:
- ABS
- Polycarbonate
- Polypropylene
- Polyethylene
- Aluminum
- Others
ABS, polycarbonate, polypropylene, polyethylene, aluminum, and other materials are commonly used to make carry-on luggage. ABS provides a lightweight and durable option, while polycarbonate is known for its impact resistance. Polypropylene is lightweight and flexible, polyethylene is durable and water-resistant, and aluminum offers a sleek and stylish design. These different material options cater to a variety of consumer preferences, enhancing the demand for carry-on luggage in the market. With a range of choices available, consumers are able to find the perfect luggage to suit their specific needs, driving the growth of the carry-on luggage market.
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Carry-on Luggages Market Analysis, by Application:
- Specialist Retailers
- Factory Outlets
- Internet Sales
Carry-on luggages are utilized by specialist retailers, factory outlets, and internet sales for their convenience and practicality. Specialist retailers offer a wide range of carry-on luggage options with specific features to cater to different needs. Factory outlets provide discounted prices on carry-on luggage from popular brands. Internet sales allow for easy comparison and convenient purchasing. The fastest growing application segment in terms of revenue is internet sales, as more consumers are turning to online shopping for the convenience of browsing and purchasing products from anywhere at any time.
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Carry-on Luggages Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The carry-on luggage market is expected to show significant growth in regions such as North America, Europe, Asia Pacific, USA, and China due to increasing travel and tourism activities. North America is expected to dominate the market with a market share of about 35%, followed closely by Europe with a market share of 30%. The Asia Pacific region, particularly China, is also expected to witness a substantial growth in the carry-on luggage market with a market share of around 25%. The USA is also expected to contribute significantly to the market share, accounting for approximately 10% of the global market.
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