Luggage for travelers will be $48.5 billion industry in five years
Spurred by price competiveness and higher unit sales, the global luggage market is expected to reach a staggering US$48.4 billion by the year 2015 — thanks in large part to business and leisure travelers.
“The popularity for outdoor sports, tourism, and adventure travel, increased the demand for specialty luggage products. Luggage is increasingly becoming a fashion accessory with ergonomic designs, trendy color combinations, textures and clean contoured lines becoming the norm,” says Global Industry Analysts Inc.
Lately, security conscious tourists are opting for lightweight, avant-garde, cabin-size luggage with highly safe-lock systems to travel overseas.
The economic slowdown in 2008 and 2009 had an adverse affect on the overall luggage industry, since the number of travelers considerably dwindled, leading to a repressed demand for suitcases and other travel and luggage accessories.
The US is the single largest global market. Europe and Japan follow as the other significant markets for luggage, the three accounting for a consolidated lion’s share of the global market.
By David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive