U.S. Luggage and Backpacks Market

September 2024 | 73 pages | ID: UE922678C75DEN
Evolve Business Intelligence

Abstracts

U.S. Luggages & Backpacks Market By Price Range ($29.99-$59.99, $60.00-$99.99, $100.00-$149.99, $150.00 and Above), By Sales Channel (Online Retails, Offline Retails) – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2021 t-2034

The U.S. Luggages & Backpacks market was valued at $1.12 Billion in 2023 in terms of transaction value and is anticipated t-grow at a CAGR of 7.86% from 2024 t-2034. The U.S. PC Hard Side Luggage industry size accounted for $ 2.95 Billion in 2023 and is expected t-expand at a CAGR of 8.60% from 2024 t-2034. The U.S. ABS Hard Side Luggage Market size accounted for $ 951.4 Million in 2023 and is expected t-expand at a CAGR of 7.79% from 2024 t-2034. The U.S. Backpack Market size accounted for $ 3.20 Billion in 2023 and is expected t-expand at a CAGR of 7.56% from 2024 t-2034. This growth is attributed t-several macr-and microeconomic factors such as

• Rise in Travel and Tourism

The rise in travel and tourism is a significant driving factor for the U.S. Luggages & Backpacks market, fueling increased demand for durable, functional, and stylish travel gear. As more people engage in both domestic and international travel for leisure, business, and adventure, there is a growing need for reliable luggage and backpacks that can accommodate a variety of travel needs. This trend is driven by an increase in disposable income, greater accessibility t-travel options, and the post-pandemic recovery of the global travel industry, encouraging more people t-explore different destinations. The growing popularity of short trips, weekend getaways, and adventure tourism has als-led t-a surge in demand for lightweight, versatile backpacks and carry-on luggage. Consumers are seeking travel gear that not only offers practicality and durability but als-reflects personal style and comfort. Brands are responding by offering more innovative designs with features like built-in charging ports, compartments for electronics, and eco-friendly materials. Additionally, with the expansion of e-commerce, travelers have easier access t-a wide range of luggage and backpack options, further boosting market growth. In summary, the rise in travel and tourism drives the U.S. Luggages & Backpacks market by increasing consumer demand for high-quality, functional, and fashionable travel products t-meet the diverse needs of modern travelers.

Further several factors restraining the market growth include

• The rising problem of online counterfeits

The rising problem of online counterfeits is a significant restraining factor in the U.S. Luggages & Backpacks market, impacting both consumers and legitimate brands. Counterfeit products, which are often sold through online platforms at lower prices, mimic the appearance of genuine brands but lack the quality, durability, and features of authentic items. These fake products not only undermine consumer trust but als-damage the reputation of established luggage and backpack manufacturers. For consumers, purchasing counterfeit luggage or backpacks can lead t-dissatisfaction, as these items typically wear out quickly, provide inadequate protection for personal belongings, and fail t-meet the performance standards of authentic products. This leads t-negative experiences that can erode overall confidence in the market. From a business perspective, legitimate brands face revenue loss as counterfeiters cut int-their market share by offering cheap, imitation products. Combatting online counterfeits als-requires substantial resources, including legal actions and investment in anti-counterfeiting measures, which can divert funds away from innovation and marketing. Additionally, the proliferation of counterfeit goods makes it harder for brands t-differentiate themselves, as consumers may struggle t-identify authentic products, especially in the crowded online marketplace.

The growing demand for innovative luggage features and collaborations and alliances in the Luggages & Backpacks market are expected t-generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led t-supply shortages or lower demand in the Luggages & Backpacks market. The pandemic has caused a decline in new orders and a corresponding decrease in Purposeion.

This section will analyze how COVID-19 has impacted supply chains, leading t-shortages and lower demand for Luggages & Backpacks.

In terms of COVID-19 impact, the Luggages & Backpacks market report als-includes the following data points:

• Impact on Luggages & Backpacks market size
• Operating Weights Trend, Preferences, and Budget Impact
• Regulatory Framework/Outdoor Policies
• Key Players' Strategy t-Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Luggages & Backpacks market

Key Insight in the report:

The U.S. Luggages & Backpacks market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Purposes.

Our report covers extensive competitive intelligence which includes the following data points:

• Business Overview
• Business Segment Data
• Financial Data
• Purpose Segment Analysis and Specification
• Recent Development and Company Strategy Analysis
• SWOT Analysis

Luggages & Backpacks Market Segmentation:

• Price Range
• $29.99-$59.99
• $60.00-$99.99
• $100.00-$149.99
• $150.00 and Above
• Sales Channel
• Online Retails
• Offline Retails

Key Players Included in the Report:

• RIMOWA
• VF Corporation
• PVH Corp.
• New Balance
• Samsonite IP Holdings S.а r.l
• Nike, Inc.
• Under Armour, Inc.
• Away
• Victorinox
• PARAVEL

Contents

CHAPTER 1. EXECUTIVE SUMMARY

CHAPTER 2. SCOPE OF THE STUDY

2.1. Market Definition
2.2. Market Scope & Segmentation
  2.2.1. Objective of Report

CHAPTER 3. EVOLVE BI METHODOLOGY

3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast

CHAPTER 4. KEY INSIGHTS

4.1. PP Hardside Luugage Market Opportunity Score
  4.1.1. Price Range Segement – Market Opportunity Score
  4.1.2. Sales Channel Segement – Market Opportunity Score
4.2. PC Hardside Luugage Market Opportunity Score
  4.2.1. Price Range Segement – Market Opportunity Score
  4.2.2. Sales Channel Segement – Market Opportunity Score
4.3. ABS Hardside Luugage Market Opportunity Score
  4.3.1. Price Range Segement – Market Opportunity Score
  4.3.2. Sales Channel Segement – Market Opportunity Score
4.4. Backpack Hardside Luugage Market Opportunity Score
  4.4.1. Price Range Segement – Market Opportunity Score
  4.4.2. Sales Channel Segement – Market Opportunity Score
4.5. Key Market Influencing Indicators
4.6. ESG Scorecard
  4.6.1. Environment
  4.6.2. Social
  4.6.3. Governance
4.7. SWOT Analysis
  4.7.1. Strength
  4.7.2. Weakness
  4.7.3. Opportunity
  4.7.4. Threat

CHAPTER 5. MARKET INSIGHTS AND TRENDS

5.1. Value Chain Analysis
  5.1.1. Raw Material
  5.1.2. Manufacturing Process
  5.1.3. Distribution Channel
  5.1.4. End-User

CHAPTER 6. MARKET DYNAMICS

6.1. Introduction
6.2. Drivers
  6.2.1. Rise in Travel and Tourism
  6.2.2. Changing Consumer Preferences
  6.2.3. Influence of E-Commerce
6.3. Restraints
  6.3.1. The rising problem of online counterfeits
6.4. Opportunity
  6.4.1. The growing demand for innovative luggage features
  6.4.2. Development of smart & lightweight travel bags

CHAPTER 7. U.S. LUGGAGE & BACKPACKS MARKET, BY PRICE RANGE

7.1. Introduction
  7.1.1. $29.99-$59.99
  7.1.2. $60.00-$99.99
  7.1.3. $100.00-$149.99
  7.1.4. $150.00 and Above
7.2. U.S. PP Hardside Luggage Market Analysis by Price Range
7.3. U.S. PC Hardside Luggage Market Analysis by Price Range
7.4. U.S. ABS Hardside Luggage Market Analysis by Price Range
7.5. U.S. Backpack Market Analysis by Price Range

CHAPTER 8. U.S. LUGGAGE & BACKPACKS MARKET, BY SALES CHANNEL

8.1. Introduction
  8.1.1. Online Retails
  8.1.2. Offline Retails
8.2. U.S. PP Hardside Luggage Market Analysis by Sales Channel
8.3. U.S. PC Hardside Luggage Market Analysis by Sales Channel
8.4. U.S. ABS Hardside Luggage Market Analysis by Sales Channel
8.5. U.S. Backpack Market Analysis by Sales Channel

CHAPTER 9. COMPETITIVE LANDSCAPE

9.1. U.S. Luggage & Backpack Competitive Landscape
  9.1.1. Competitior Benchmarking 2023
  9.1.2. Market Share Analysis
9.2. Key Developments Analysis By Top Companies
9.3. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players

CHAPTER 10. COMPANY PROFILES

10.1. RIMOWA
  10.1.1. Business Overview
  10.1.2. Product Portfolio
  10.1.3. SWOT Analysis
10.2. VF Corporation
  10.2.1. Business Overview
  10.2.2. Financial Analysis
    10.2.2.1. Business Segment Revenue, 2023
    10.2.2.2. Geographic Revenue Mix, 2023
  10.2.3. Product Portfolio
  10.2.4. SWOT Analysis
10.3. PVH Corp.
  10.3.1. Business Overview
  10.3.2. Financial Analysis
    10.3.2.1. Geographic Revenue Mix, 2023
  10.3.3. Product Portfolio
  10.3.4. Recent Development and Strategies Adopted
  10.3.5. SWOT Analysis
10.4. New Balance
  10.4.1. Business Overview
  10.4.2. Product Portfolio
  10.4.3. SWOT Analysis
10.5. Samsonite IP Holdings S.а r.l
  10.5.1. Business Overview
  10.5.2. Financial Analysis
    10.5.2.1. Geographic Revenue Mix, 2023
  10.5.3. Product Portfolio
  10.5.4. SWOT Analysis
10.6. Nike, Inc.
  10.6.1. Business Overview
  10.6.2. Financial Analysis
    10.6.2.1. Business Segment Revenue, 2023
    10.6.2.2. Geographic Revenue Mix, 2023
  10.6.3. Product Portfolio
10.7. Under Armour, Inc
  10.7.1. Business Overview
  10.7.2. Financial Analysis
    10.7.2.1. Business Segment Revenue, 2023
    10.7.2.2. Geographic Revenue Mix, 2023
  10.7.3. Product Portfolio
  10.7.4. Recent Development and Strategies Adopted
10.8. Away
  10.8.1. Business Overview
  10.8.2. Product Portfolio
  10.8.3. Recent Development and Strategies Adopted
10.9. Victorinox
  10.9.1. Business Overview
  10.9.2. Product Portfolio
10.10. PARAVEL
  10.10.1. Business Overview
  10.10.2. Product Portfolio