Travel Bags Market Insights Video

According to Cognitive Market Research, the global Travel Bag market size was USD 17514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.80% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 7005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5254.26 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4028.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 875.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 350.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
• The specialty store sales segment dominates the Travel Bag industry