Baggage Statistics [2024]: Shopper, Product & Progress Knowledge

Extra individuals are touring than ever earlier than, and, regardless of COVID-19 setbacks, the journey business as an entire has been rising quickly over the previous decade. Baggage is not any exception to that.

Within the wake of COVID-19 and the emergence of a number of startup baggage manufacturers, the market is regularly altering. Listed here are the important thing statistics for understanding the bags market.

US Baggage Retail Gross sales Over Time

From 2010 to 2019, US baggage retail gross sales elevated by almost 130% in response to Statista. This progress was pushed by extra folks touring mixed with innovation within the business and extra centered advertising and marketing on-line and in social media.

The chart and desk beneath present the entire retail gross sales for baggage within the US from 2010 to 2021.

From 2019 to 2020, COVID journey bans induced a 59% drop in US baggage retail gross sales. By 2021, baggage gross sales had returned to 85% of pre-pandemic ranges in the US.

World Baggage Market Measurement Forecast

In 2022, the worldwide baggage market was valued at $17.6 Billion, in response to Statista.

The chart beneath reveals the previous and forecasted progress of the bags market worldwide, from 2017 to 2025.

Whereas the worldwide baggage market was nonetheless far beneath pre-pandemic ranges in 2022, it’s anticipated to surpass these ranges by the top of 2024. From 2019 to 2029, researchers at Mordor Intelligence predict a 7.2% compound annual progress charge within the baggage business.

Extra individuals are touring all over the world, and we will solely anticipate that development to proceed. That’s excellent news for each established baggage manufacturers and newer startups within the enterprise.

Within the years and months main as much as COVID-19, a number of new manufacturers emerged within the baggage and journey gear house.

Whereas the pandemic was a difficult time for brand spanking new journey manufacturers, people who did handle to outlive (Beis, Monos, July, and others) will probably expertise vital progress within the coming years as the bags business as an entire continues to develop quickly.

Baggage Search Curiosity by Month

Whereas the seasonal developments in baggage gross sales and search curiosity aren’t as putting as for backpacks (that are most in demand at “back-to-school” season), there positively are yearly-repeating patterns.

The desk beneath reveals US search curiosity within the time period “baggage” by month from January 2021 to December 2023 in response to Google Tendencies.

The sample within the chart above reveals that yearly there are two spikes in search curiosity for baggage.

The primary is a gradual ramp-up by way of the spring that peaks in July. Summer season is the season that universally sees essentially the most journey, and this development displays that. As college summer season holidays begin, individuals are purchasing for baggage to gear up for journeys.

The second spike is within the vacation season, particularly Black Friday Weekend. That is essentially the most worthwhile time of 12 months for a lot of client items industries, so it’s no shock that individuals are extra involved in baggage throughout this time.