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The travel accessories market size has experienced strong growth in recent years, projected to rise from $49.38 billion in 2023 to $53.05 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.4%. This historical growth can be attributed to factors such as the influence of fashion trends on travel accessories, rapid urbanization, the impact of social media, an increasing focus on health and wellness, and a growing youth population. In the next few years, the market is expected to see strong growth, reaching $71.02 billion in 2028 with a CAGR of 7.6%. The growth in this forecast period will be driven by rising disposable income, an expanding travel industry, increasing international tourism, lifestyle changes, and frequent business travel. Major trends expected to shape the forecast include a move toward personalized and customizable travel accessories, innovations in travel products, a demand for sustainable and eco-friendly options, the adoption of multipurpose and convertible accessories, and a growing demand for smart luggage.

The increasing travel and tourism activities for leisure purposes are expected to significantly propel the growth of the travel accessories market in the coming years. These activities encompass a wide range of services and experiences, including transportation, accommodation, entertainment, and exploration, all aimed at providing adventure, leisure, and cultural enrichment to travelers at various destinations. The rise in travel and tourism can be attributed to factors such as higher disposable incomes, improved transportation infrastructure, globalization, and a growing desire for diverse and unique experiences. Travel accessories play a vital role in enhancing convenience, comfort, and organization for travelers, ensuring a smoother and more enjoyable experience. For example, in May 2023, the United Nations World Tourism Organization, a Spain-based specialized agency, reported that international tourist arrivals surged to 80% of pre-pandemic levels in the first quarter of 2023, reaching around 235 million travelers, more than doubling compared to the same period in 2022. Additionally, revised data for 2022 indicated that over 960 million international tourists traveled abroad, recovering two-thirds (66%) of pre-pandemic levels, showcasing the industry’s remarkable resilience and capacity to regain momentum. Thus, the increasing travel and tourism activities for leisure purposes are driving the growth of the travel accessories market, with projections continuing through 2024 and into 2028.

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What Are The Key Trends That Influence Travel Accessories Market Share Analysis?

Major companies in the travel accessories market are innovating by developing products made from upcycled aircraft interiors, giving a second life to materials that would otherwise be discarded. These accessories are crafted from repurposed materials sourced from decommissioned or retired aircraft. For instance, in November 2023, Emirates, a UAE-based airline, launched a capsule collection of luggage, bags, and accessories. This collection stands out due to its unique construction from upcycled materials sourced from retrofitted aircraft, including the iconic Emirates A380 and 777 models. Handcrafted by Emirates tailors in Dubai’s Emirates Engineering facility, the limited-edition collection features suitcases, backpacks, handbags, card holders, toiletry bags, belts, and shoes, incorporating unexpected materials such as aluminum headrests, leather from A380 lounge couches, seatbelts, and even fur from the captain’s seat, offering a distinctive blend of style and aviation history.

Which Market Players Are Driving Growth In The Travel Accessories Market?

Major companies operating in the travel accessories market are Delsey, LVMH Group, Nike Inc., Adidas AG, Decathlon SA , VF Corporation, Samsonite, Rimowa GmbH, Victorinox AG, Tumi Holdings Inc., CE Luggage Co. Ltd., United States Luggage Company LLC, Magellan’s, MCM Worldwide Ltd., VIP Industries Ltd., Osprey Packs, Travelpro Products Inc., Timbuk2, Eagle Creek Inc., Briggs & Riley, Gregory Inc., TravelSmith Outfitters, American Tourister Inc., Travel Blue Ltd., Sinox Company Ltd.

How Is The Global Travel Accessories Market Segmented?

The travel accessories market covered in this report is segmented –

1) By Product Type: Travel Bags, Travel Outfits, Business Cases, Electronic Accessories, Personal Leather Goods, Toiletries, Food Box, Travel Pillow And Blanket, Locks, Other Product Types
2) By Price Range: Premium, Medium Range, Low Range
3) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Factory Outlets, Online Channels, Multi-Brand Outlets

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The Travel Accessories Global Market Report 2024 provides an overview of the travel accessoriesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The travel accessories market forecast analyzes travel accessories market size, travel accessories market share, leading competitor and their market positions.

The Table Of Content For The Travel Accessories Market Include

1. Travel Accessories Market Executive Summary
2. Travel Accessories Market Segments
3. Travel Accessories Market Size And Template Market Growth Rate
4.  Key Travel Accessories Market Trends
5. Major Travel Accessories Market Drivers
……
25. Key Mergers And Acquisitions In The Travel Accessories Market
26. Top Travel Accessories Companies
27. Travel Accessories Market Opportunities And Strategies
28. Travel Accessories Market, Conclusions And Recommendations
29. Appendix

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