The global luggage market is expected to increase from $30,967.0 million in 2014 to reach $43,356.0 million in 2020, growing at a CAGR of 5.5%. The global luggage market is mainly driven by changing lifestyles and increasing urbanization, which is further creating opportunities for luggage sales among high net-worth individuals. Growing interest of people in tourism is an important driver boosting the global luggage market demand. The Asia-Pacific luggage market is expected to witness the fastest CAGR of 6.7% during 2015 – 2020. Evolving technologies in the luggage industry are also expected to boost the luggage market growth.
Global Backpack Travel Bag Market Size overview by market growth and regional study during the forecast period. The market analyst overview, future growth predication, and challenges or restraints, key players operating in the market.