Global Travel Duffel Bags Market 2016-2020

Outlook of the global travel duffel bags market

Technavio’s market research analyst predicts the global travel duffel bags market to register a CAGR of around 13% by 2020. Factors such as the populace’s rising disposable income and increasing spending on travel will propel the sale of travel duffel bags until 2020.

Product innovations by vendors are also expected to boost the sale of travel duffel bags during the forecast period. Recently, it has been observed that the providers in the global travel duffel bags market are increasingly focusing on innovative product offerings as it helps them to cater to the needs of their customers. This change in the focus of vendors will result in the launch of products that have innovative designs, colors, and shape. Consequently, with the launch of such innovative travel duffel bags, the global market for travel duffel bags will have a positive outlook until 2020.

Segmentation by retail format and analysis of the travel duffel bags market

• Company-owned stores
• Online stores
• Specialist retail stores

In this market research, analysts have estimated the specialist retail stores segment to be the largest revenue contributor to the global travel duffel bags market during the forecast period. This market segment accounted for around 30% of the total market revenue and is envisaged to retain its hold over the market until 2020 owing to the availability of a vast array of products in these stores. The ability of such stores to provide the required assistance to consumers is another significant factor that will foster the prospects for growth in this market segment until 2020.

Geographical segmentation of the travel duffel bags market

• APAC
• Europe
• North America
• ROW

In 2015, the North American region dominated the global market for travel duffel bags due to factors like the recent increase in outbound and domestic travel and tourism, and the rising focus on internet retailing.

Competitive landscape and key vendors

The global duffle bags market is characterized by the presence of numerous vendors that offer products at multiple price points. During the forecast period, the level of competition between the providers is anticipated to intensify with new product launches and the entry of international players into new geographies.

Key vendors in the market are -

• Eagle Creek
• Everest
• Luggage America
• Netpackbag
• Samsonite

Other prominent vendors in the market include BRIC’s Industria Valigeria Fine, Briggs and Riley, Delsey, Valigeria, Victorinox Swiss Army, VIP Industries, IT Duffel, Rimowa, Travelpro, Tumi, Victorinox, and Ralph Lauren.

Key questions answered in the report

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global travel duffel bags market?
• What are the key market trends impacting the growth of the global travel duffel bags market?
• What are the challenges to market growth?
• Who are the key vendors in the global travel duffel bags market?
• What are the market opportunities and threats faced by the vendors in the global travel duffel bags market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global travel duffel bags market? 

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