Global Travel Accessories Market Report and Forecast 2024-2032

Global Travel Accessories Market Outlook

The global travel accessories market size reached approximately USD 51.23 billion in 2023. The market is further projected to grow at a CAGR of 6.3% between 2024 and 2032, reaching a value of USD 88.78 billion by 2032.

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 increasing reliance on technology is bolstering the requirement for various electronic accessories including power banks, smart watches, and iPad, among others in travel kits. These devices enhance the travelling experience of individuals by allowing them to stay connected on both personal and professional fronts and navigate new locations with ease and comfort.

• 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