About Travel Duffel Bags
Travel duffel bags are rapidly evolving from being merely utilitarian products to fashion accessories that are also convenient. The growing demand for durable, compact, and lightweight products is encouraging vendors to use materials like nylon, polyester, polycarbonates, faux leather, and microfibers for manufacturing travel duffel bags.
Technavio’s analysts forecast the global travel duffel bags market to grow at a CAGR of 12.6% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global travel duffel bags market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of travel duffel bags.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report –Global Travel Duffel Bags Market 2016-2020
Technavio recognizes the following companies as the key players in the global travel duffel bags market: Eagle Creek, Everest, Luggage America, Netpackbag, and Samsonite.
Other Prominent Vendors in the market are: BRIC’s Industria Valigeria Fine Spa, Briggs & Riley Travelware, Delsey, Ralph Lauren, Rimowa, Travelpro, Tumi, Victorinox, and VIP Industries.
Commenting on the report, an analyst from Technavio’s team said: “A recent trend in luggage is the introduction of improved quality products. In order to meet the growing consumer demand for innovative products and to increase their profit margins, vendors are currently focused on introducing innovative product offerings in terms of design, color, shape, and weight. Leather and microfibers, for example, are now being used to manufacture lightweight travel duffel bags products. Smart bags, which can be adjusted to medium, small, or large as needed and have inbuilt GPS, are also set to gain prominence in the coming years.”
According to the report, growth in the travel and tourism industry and weight restrictions by airlines has led to increased demand for ultra-lightweight duffel bags. The demand for ultra-lightweight travel duffel bags is on the rise, especially among consumers who prefer flying rather than traveling by road or railways, owing to the airline industry’s enforcement of weight regulations for carry-on luggage. Although there is no particular federal standard for carry-on bag size, airlines do not allow carry-on bags larger than 45 linear inches, which cannot fit in the overhead compartment or under the seat. Most airlines also charge for extra baggage. To cater to the need for ultra-lightweight bags, manufacturers are constructing them with high-tech, hard sided materials, which are easy to carry and save passengers from paying airline weight regulation penalties.
Further, the report states that increasing competition from local brands could hamper market growth during the forecast period.
Eagle Creek, Everest, Luggage America, Netpackbag, Samsonite, BRIC’s Industria Valigeria Fine Spa, Briggs & Riley Travelware, Delsey, Ralph Lauren, Rimowa, Travelpro, Tumi, Victorinox, VIP Industries.
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