Travel Accessories Market Size 2025-2029
The global travel accessories market size is forecast to increase by USD 25-45 billion at a CAGR of 5%-7% between 2025 and 2029. Exact values for this market can be accessed upon purchasing the report.
The market is experiencing substantial growth, driven by several key trends. A significant factor is the rising demand for comfort and convenience during travel, with consumers increasingly seeking travel accessories like smart luggage, travel pillows, blankets, and electronic accessories. Additionally, the rise in disposable incomes, increased business and leisure trips, and the growing popularity of travel-focused lifestyles are contributing to this surge. The market is also being impacted by the growing trend of online retailing, offering ease of access to a variety of travel products. Despite its positive outlook, the market faces challenges such as geopolitical instability and the rise of virtual meetings, which could reduce the frequency of business travel. To stay competitive, companies in the market must focus on innovation, product differentiation, and meeting consumer preferences for eco-friendly and technologically advanced travel products.
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How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD billions for the period 2025-2029, as well as historical data for the following segments:
Product Type
- Travel Bags
- Electronic Accessories
- Travel Pillows and Blankets
- Toiletries
- Others
Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Factory Outlets
- Online Stores
- Others
Geography
- North America
- Canada
- US
- APAC
- China
- India
- Japan
- South Korea
- Europe
- Germany
- UK
- France
- South America
- Brazil
- Middle East and Africa
Product Type Insights
The demand for smart travel bags with advanced features like GPS tracking and self-driving capabilities is driving the travel bags segment, as is consumer preference for durable and stylish bags. Other products such as travel pillows, blankets, and electronic accessories also experience significant demand, fueled by the increasing focus on travel comfort and convenience.
Regional Analysis
Asia-Pacific holds the largest market share and is expected to continue its dominance, driven by a growing middle class, increased travel and tourism expenditures, and the widespread adoption of Western lifestyles. In North America, the demand for premium and innovative travel accessories is driven by the frequent business travel and high disposable income. The European market also shows significant growth, with increasing consumer preference for high-end and functional travel accessories.
Market Dynamics
Our travel accessories market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers?
- Increasing business and leisure trips: More frequent travel globally is creating a demand for convenience and comfort, particularly in the form of travel bags, pillows, and electronic accessories.
- Rise in disposable income: As consumer spending power increases, particularly in emerging markets, the demand for luxury and high-quality travel accessories is expanding.
- Popularity of online shopping: The convenience of purchasing travel accessories through e-commerce platforms is expanding market reach and accessibility.
What are the market trends shaping the Travel Accessories Market?
- Technological innovations in products: Smart luggage, self-driving suitcases, and other high-tech travel accessories are becoming increasingly popular among consumers.
- Sustainability: Growing consumer interest in eco-friendly products is pushing brands to use sustainable materials in items like pillows and blankets.
- Personalization and customization: Travel accessories are increasingly being customized to fit personal preferences, such as monogrammed bags or customizable travel sets.
What challenges does the Travel Accessories Market face?
- Geopolitical instability: Factors like terrorism, political uncertainty, and natural calamities in key regions may reduce travel frequency, thereby affecting the demand for travel accessories.
- Virtual travel trends: The rise of virtual tourism and remote business meetings is diminishing the need for business travel accessories, especially in the corporate sector.
- Economic downturns: Economic factors such as inflation or recessions in key regions may impact consumer spending on non-essential luxury items like travel accessories.
Key Companies & Market Insights
Leading companies in the travel accessories market are focusing on strategic alliances, partnerships, and innovation to expand their market share. Notable companies in the travel accessories market include:
- VIP Industries Ltd.
- Sungjoo Group
- LVMH Group
- Adidas AG
- VF Corporation
- Travel Blue Ltd.
- United States Luggage Company, LLC
- ACE Co., Ltd.
- Magellan's
- Nike Inc.
- Samsonite International S.A.
- Away
- Targus
- Rimowa
- Eastpak
Market Scope
Base Year |
2024 |
Forecast Period |
2025-2029 |
Market Size |
USD 25-45 Billion |
Market Growth |
5%-7% |
Product Type |
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Distribution Channel |
|
Regional Landscape |
|
Key Companies Profiled |
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How the Benefits of a Technavio Market Research Report Can Empower Your Business
Technavio’s reports provide a range of market insights, including:
- A detailed analysis of the market, featuring market size, growth rate, segmentation, and regional performance
- In-depth analysis of the drivers, challenges, and other dynamics that will impact the growth of the market
- Predictions about upcoming trends and changes in consumer behavior
- Detailed information on key market players, including market positioning, product offerings, and more
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
- Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global Market - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global Market - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Market 2019 - 2023
- Historic Market Size - Data Table on Global Market 2019 - 2023 ($ billion)
- 5.2 Segment Analysis 2019 - 2023
- Historic Market Size – Segment Analysis 2019 - 2023 ($ billion)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on market condition - Five forces 2024 and 2029
8 Market Segmentation
- 8.1 Market segments
- Chart on Segmentation - Market share 2024-2029 (%)
- Data Table on Segmentation - Market share 2024-2029 (%)
- 8.2 Segment Comparison
- Chart on Comparison
- Data Table on Comparison
- 8.3 Segment Market Opportunity
- Market opportunity ($ billion)
- Data Table on Market Opportunity ($ billion)
9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on market share by geography 2024-2029 (%)
- Data Table on market share by geography 2024-2029 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
11 Drivers, Challenges, and Opportunity/Restraints
- 11.1 Market drivers
- 11.2 Market challenges
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.1 Overview
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.1 Companies profiled
- Companies covered
- 13.2 Company ranking index
- Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
14 Appendix
- 14.1 Scope of the report
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- Research methodology
- 14.5 Data procurement
- Information sources
- 14.6 Data validation
- Data validation
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.8 Data synthesis
- Data synthesis
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
- List of abbreviations

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