Luxury Luggage Market Report 2025 (Global Edition)

Global Luxury Luggage Market Report 2025 Market Size Split by Type (Travel Luggage, Casual Luggage, Business Luggage, Others), by End Use (Personal, Commercial), by Sales Channel (Specialty stores, De...

Luxury Luggage Market Report Description

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How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Luxury Luggage Market Insights Video

Competitive Landscape of the Luxury Luggage Market

The competitive landscape of the Luxury Luggage market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts.

In November 2023, the German luxury luggage company Rimowa Gmbh opened its first location in India.

(Source: https://www.indiaretailing.com/2023/11/02/luxury-luggage-brand-rimowa-launches-its-first-store-in-india/.)

Top Companies Market Share in Luxury Luggage Industry: (In no particular order of Rank)

• Fendi
• Louis Vuitton
• GUCCI
• Legend Walker
• Lojel
• Off-White
• Prada
• Tumi
• Solo-Tourist
• Rimowa
• ACE Luggage
• Supreme
• Proteca
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Luxury Luggage Market

Which Region Dominates the Luxury Luggage Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. With its well-established department shops, upscale boutiques, and internet marketplaces, North America offers customers convenient access to a large selection of high-end baggage brands and merchandise. Large cities are important locations for luxury shopping, drawing wealthy customers from both local and foreign markets.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Luxury Luggage market. There is a tremendous rise in urbanization and population growth in the Asia Pacific area. Moreover, the growing disposable income of the population drives the market growth. Furthermore, the increasing travel and tourism sector especially in the countries like India and China.

The current report Scope analyzes Luxury Luggage Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Luxury Luggage Market Analysis

According to Cognitive Market Research, the global Luxury Luggage market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Luxury Luggage market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. The growth in the country is attributed to the growing investment.
• The Canada Luxury Luggage market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. The country is attributed to the rising investment in innovative technology.
• The Mexico Luxury Luggage market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD XX million in 2024.

Europe Luxury Luggage Market Analysis

According to Cognitive Market Research, the global Luxury Luggage market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.

• The United Kingdom Luxury Luggage market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. In the UK, Luxury Luggage sales witness an upswing due to the nation's growing investment.
• The France Luxury Luggage market is projected to witness growth at a CAGR of 2.0% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Luxury Luggage market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. In Germany, Luxury Luggage sales surged due to the presence of major companies.
• The Italy Luxury Luggage market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD XX million in 2024.
• The Russia Luxury Luggage market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD XX million in 2024.
• The Spain Luxury Luggage market is projected to witness growth at a CAGR of 1.9% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Luxury Luggage market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Luxury Luggage market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024.
• The Greece Luxury Luggage market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Luxury Luggage market is projected to witness growth at a CAGR of 1.5% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Luxury Luggage Market Analysis

According to Cognitive Market Research, the global Luxury Luggage market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Luxury Luggage market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Luxury Luggage sales surged in China due to the growing technological advancements.
• The Japan Luxury Luggage market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2024.
• The India Luxury Luggage market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. The demand is augmented by India's growing urbanization.
• The South Korea Luxury Luggage market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD XX million in 2024.
• The Australia Luxury Luggage market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Luxury Luggage market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Luxury Luggage market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD XX million in 2024.

South America Luxury Luggage Market Analysis

According to Cognitive Market Research, the global Luxury Luggage market size was estimated at USD XX Million out of which the Latin America market is more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Luxury Luggage market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Luxury Luggage sales flourish in Brazil due to the nation's favorable market conditions.
• The Argentina Luxury Luggage market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. The demand is augmented by Argentina's growing product launch.
• The Colombia Luxury Luggage market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX million in 2024.
• The Peru Luxury Luggage market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD XX million in 2024.
• The Chile Luxury Luggage market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Luxury Luggage market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.

Middle East Luxury Luggage Market Analysis

According to Cognitive Market Research, the global Luxury Luggage market size was estimated at USD XX Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The GCC Countries Luxury Luggage market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2024. Luxury Luggage sales flourish due to the region's favorable market conditions.
• The Egypt Luxury Luggage market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Luxury Luggage market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX million in 2024. Luxury Luggage sales flourish in South Africa due to the region's favorable market conditions and growing product launch.
• The Turkey Luxury Luggage market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Luxury Luggage market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Luxury Luggage market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD XX million in 2024.

Luxury Luggage Market Analysis

Luxury Luggage Market Type Segment Analysis

According to Cognitive Market Research, Travel Luggage type stands out as the dominating category. A variety of items to meet different travel needs are included in luxury travel luggage, such as duffel bags, garment bags, carry-on bags, and suitcases. There are alternatives for both short excursions and long vacations, with varying sizes and configurations to suit varying travel preferences and durations.

Business Luggage type emerges as the fastest-growing category in the Luxury Luggage market. The segment expansion is attributed to the rising globalization.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Luxury Luggage Industry. Request a Free Sample PDF!

Luxury Luggage Market End Use Segment Analysis

According to Cognitive Market Research, the dominating category is Personal. The kind of luxury luggage that a person may desire depends largely on how often and for what purpose they travel. Sturdy, adaptable luggage solutions that combine design and practicality are crucial for frequent travelers. While leisure travelers may look for lightweight and fashionable options for their holidays, business travelers may prioritize features like pockets for electronics and work clothes.

The fastest-growing category in the Luxury Luggage market is Commercial. To draw in business, luxury baggage companies mostly rely on their reputation and brand image. A strong brand identity that is linked to exclusivity, elegance, and quality is essential to attracting business consumers that value luxury and status in their business travel gear.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Luxury Luggage Sales Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Department stores hypermarkets and supermarkets. Luxury luggage businesses can expand their reach beyond traditional luxury boutiques by utilizing the wide networks and large consumer bases of department shops, hypermarkets, and supermarkets. These retail channels give luxury baggage brands more awareness and accessibility because they frequently have many locations throughout regions or even abroad.

The fastest-growing category in the Luxury Luggage market is online retail. The segment expansion is attributed to the growing e-commerce industry.

• Specialty stores
• Department stores hypermarkets and supermarkets
• Online retail
• Warehouse clubs

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion