Travel Accessories Market Growth, Size, Share, Trends, and Forecast 2032

Travel Accessories Market Insights

According to a report from Zion Market Research, the global Travel Accessories Market was valued at USD 52.98 Billion in 2023 and is projected to hit USD 98.65 Billion by 2032, with a compound annual growth rate (CAGR) of 6.4% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Travel Accessories Market industry over the next decade.

Request Free Sample

Travel Accessories Market Introduction

Travel accessories are utilized during business travels. Customers make use of these products on both big business journeys and small trips as the former provides them comfort and ease during journey. These accessories include business cases, travel bags, food boxes, toiletries, travel outfits, electronic accessories, travel pillows, personal leather items, blankets, and locks. Few of the travel items can also be used as per the seasons and this encompass luggage bags, backpacks, and sport bags.

Travel Accessories Market Growth Dynamics

Escalating per capita income in emerging economies and thriving tourism sector will embellish the growth of travel accessories industry over the forecast timespan. Burgeoning preference towards travelling & journeying among millennial population for maintaining physical vigor and increasing mental toughness will steer the market size. With surge in the female solo travels across myriad nations, the travel accessories industry is anticipated to gain traction over the upcoming years.

Request Free Sample

In addition to this, increase in the customer spending on travel accessories across the emerging nations will prompt the business growth over the upcoming years. However, bulging prices of travel accessories with rise in the raw material costs along with fluctuations witnessed in the demand-supply map of the product can put brakes on travel accessories market in the upcoming years. Furthermore, rise in the international travel & tourism activities can create new growth avenues for travel accessories industry over the projected timeframe.

Travel Accessories Market: Report Scope

Asia Pacific To Record Highest CAGR Over the Assessment Period

The growth of the regional market over the assessment period can be ascribed to growing demand for travel items in Asian countries and massive surge in disposable income in countries such as India and China. With large-scale product penetration in Indonesia and Japan, the market in the sub-continent is anticipated to gain traction over the forthcoming years. 

Travel Accessories Market: Competitive Analysis

The global travel accessories market is led by players like:

• ACE Luggage Co. Ltd
• MCM Worldwide
• ExOfficio
• TRAVEL-BlUE.COM
• Magellan’s
• TravelSmith Outfitters
• United States Luggage Company LLC
• The BEACH Company
• VF Corporation

The global Travel Accessories Market is segmented as follows:

By Product

• Travel Bags
• Electronic Accessories
• Food Box
• Locks
• Travel Outfits
• Travel Pillow & Blanket
• Toiletries
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Factory Outlets
• Online Stores

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa