Luggage market worldwide - statistics & facts

Global market overview

Markets such as sports luggage, anti-theft luggage, and backpacks are part of the global luggage market. The global backpack market was estimated to be worth around 13.9 billion U.S. dollars in 2020 decreasing from 17.3 billion U.S. dollars in the previous year, due to ongoing travel disruptions and various waves of COVID-19 forcing many markets to impose lockdowns. Backpacks fall within the bags and luggage industry. The global luggage market is projected to grow by 8.6 percent (cagr) between 2021 to 2025. During that period, the compound annual growth rate of backpack luggage retail market was estimated at 7.3 percent.

Samsonite

Samsonite, one of the largest luggage companies in the world, makes the majority of its sales through its travel products. Samsonite generated about 3.64 billion U.S. dollars in total revenue in 2019. Samsonite's global revenue in 2020 was down to about 1.54 billion U.S. dollars. In 2020, 39.2 percent of Samsonite's sales were generated in North America.

U.S. luggage market

In terms of individual countries, the United States has the largest luggage and bags market with revenues of nearly 28 billion U.S. dollars. In 2020, U.S. retail sales of luggage declined significantly during the coronavirus pandemic at about 1.56 billion U.S. dollars, down from 3.87 billion U.S. dollars in the previous year.

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