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Global Travel Accessories Market Size, Share, Forecast: By Type: Travel Bags, Electronic Accessories, Travel Pillow and Blanket, Toiletries, Locks, Others; By Distribution Channel: Supermarkets and Hypermarkets, Speciality Stores, Factory Outlets, Online Stores, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Travel Accessories Market Outlook
The global travel accessories market size reached approximately USD 48.19 billion in 2022. The market is further projected to grow at a CAGR of 6.3% between 2023 and 2028, reaching a value of USD 69.53 billion by 2028.
Key Trends in the Market
Travel accessories refer to products and equipment that enhance the travelling experience of tourists and travellers. These accessories include travel pillow and blanket, locks, bags, and electronic products, among others. Travel accessories are also essential for successful completion of trips in a seamless and comfortable manner.
- Increasing travel and tourism activities for leisure purposes due to rising sense of adventure and increasing spending power of the population are aiding the travel accessories market growth. Travelling allows individuals to have novel culinary and cultural experiences and the exploration of previously unknown territories.
- The popularity of medical tourism is increasing owing to the various advantages offered, including access to cutting-edge technology, availability of alternate treatment, shorter waiting period, and availability of a wide range of procedures. This shift is offering lucrative growth opportunities to the market as the requirement for travel accessories to enhance the efficiency of such trips is rising.
- The rising availability of travel accessories across various online distribution channels is supporting the market expansion as these channels enhance the shopping experience of the consumers by offering different brands, discounts, free delivery, and easy returns, among others.
Global Travel Accessories Market Analysis
On the basis of type, the market is divided into travel bags, electronic accessories, travel pillow and blanket, toiletries, and locks, among others. Based on distribution channel, the market is classified into supermarkets and hypermarkets, speciality stores, factory outlets, and online stores, among others. On the basis of region, the travel accessories market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Decathlon SA
- Adidas AG
- Nike Inc.
- VIP Industries Ltd.
- ACE Co., Ltd.
- Potpourri Group Inc.
- MCM Products USA, Inc.
- Sinox Company Ltd.
- United States Luggage Company, LLC
- VF Corporation
- Others
Market Share by Type
Travel bags are expected to account for a significant travel accessories market share over the forecast period. The increasing utilisation of travel bags can be credited to their lightweight nature and availability of different dividers, compartments, and pockets for boosting the consumer experience. The easy to carry nature of travel bags also allows travellers and tourists to carry them around airport and train stations, among others with ease while their durable nature protects the belongings inside. Due to these benefits customers are heavily investing in travel bags in order to enhance their travelling experiences.
Market Share by Region
The Asia Pacific is anticipated to witness significant growth in the coming years. This growth can be attributed to the increased adoption of travel and tourism activities due to rising disposable incomes in the region. Additionally, increasing frequency of travel by working professionals for personally meeting clients, streamlining communication, expanding their network, gaining competitive edge, and aiding the economic growth of their businesses is also boosting the travel accessories market demand in the Asia Pacific.
Competitive Landscape
Decathlon SA is one of the leading sporting goods retailer, known for providing sportswear and equipment ranging from advanced scuba diving equipment to tennis rakets. The compnay was founded in 1976 and is also known for providing travel accessories.
Adidas AG, headquartered in Bavaria, Germany, is one of the largest athletic footwear and apparel company. The product portfolio of the company includes travel accessories, basketballs, football, and running gear, among others.
Nike Inc. is one of the leading manufacturers of sports apparel and athletic shoes. The company was founded in 1964 and is headquartered in Oregon, United States. Nike also provides travel accessories including travel bags to its customers around the globe.
Other travel accessories market key players include VIP Industries Ltd., ACE Co., Ltd., Potpourri Group Inc., MCM Products USA, Inc., Sinox Company Ltd., United States Luggage Company, LLC, and VF Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Travel Accessories Market Analysis
8.1 Key Industry Highlights
8.2 Global Travel Accessories Market (2018-2022)
8.3 Global Travel Accessories Market Forecast (2023-2028)
8.4 Global Travel Accessories Market by Type
8.4.1 Travel Bags
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Electronic Accessories
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Travel Pillow and Blanket
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Toiletries
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Locks
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Travel Accessories Market by Distribution Channel
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Speciality Stores
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Factory Outlets
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Online Stores
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Travel Accessories Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Travel Accessories Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Travel Accessories Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Travel Accessories Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Travel Accessories Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Travel Accessories Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 420291)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Decathlon SA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Adidas AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Nike Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 VIP Industries Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ACE Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Potpourri Group Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 MCM Products USA, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Sinox Company Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 United States Luggage Company, LLC
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 VF Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Travel Accessories Market: Key Industry Highlights, 2018 and 2028
2. Global Travel Accessories Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Travel Accessories Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Travel Accessories Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Travel Accessories Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Travel Accessories Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Travel Accessories Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Travel Accessories Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Travel Accessories Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Travel Accessories Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Travel Accessories Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Travel Accessories Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Travel Accessories Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Travel Accessories Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Travel Accessories Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Travel Accessories Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Travel Accessories Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Travel Accessories Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 48.19 billion in 2022.
The market is projected to grow at a CAGR of 6.3% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 69.53 billion by 2028.
The major market drivers include increasing popularity of medical tourism and growing bleisure activities that combine the elements of leisure and business.
The key trends fuelling the growth of the market include increased availability of travel accessories across different online distribution channels and rising travel and tourism activities for leisure purposes.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant distribution channels include supermarkets and hypermarkets, speciality stores, factory outlets, and online stores, among others.
The key players in the market are Decathlon SA, Adidas AG, Nike Inc., VIP Industries Ltd., ACE Co., Ltd., Potpourri Group Inc., MCM Products USA, Inc., Sinox Company Ltd., United States Luggage Company, LLC, and VF Corporation, among others.
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