Global Leather Expandable Travel Bag Market Size, Share, and COVID-19 Impact By Product Type (Carry-On, Duffel, Garment, and Others), By Material (Full-Grain Leather, Top-Grain Leather, Genuine Leather, and Bonded Leather), By End-User (Men, Women, and Unisex), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Leather Expandable Travel Bag Market Insights Forecasts to 2033

• The Global Leather Expandable Travel Bag Market Size was estimated at USD 8.1 Billion in 2023
• The Market Size is expected to Grow at a CAGR of around 4.76% from 2023 to 2033
• The Worldwide Leather Expandable Travel Bag Market Size is Expected to Reach USD 12.89 Billion by 2033
• Asia-Pacific is expected to Grow the fastest during the forecast period.

The Global Leather Expandable Travel Bag Market Size Was worth around USD 8.1 Billion in 2023 and is predicted to Grow to around USD 12.89 Billion by 2033 with a compound annual growth rate (CAGR) of 4.76% between 2023 and 2033. The market is driven by the growing travel activity and an escalating demand for high-quality and fashion-conscious travel equipment. Leather collapsible travel bags, with their durability, utility, and look, are in growing demand from travelers, which is driving market growth.

Market Overview

The leather expandable travel bag market refers to a multifunctional travel accessory crafted from leather, meant to provide additional space when required. With expandable sides or sections, it adapts to accommodate more items without sacrificing style. The leather expandable travel bag market's global GDP per capita has increased steadily, which has given consumers more spending capability for high-quality products. Additionally, the expansion of business travel is driving demand for functional yet fashionable travel bags. Demand for expandable travel bags has also been high as they provide utility without compromising style. Furthermore, the significant opportunities in the leather expandable travel bag industry are the emerging trend of customized and personalized products. People are looking for more travel accessories that match their tastes and styles. Consequently, there has been an increasing trend of customizable travel bags where customers can personalize features such as color, material, and design. Moreover, the utilization of technology to design new things and increase the functionality of traveling bags is another profitable avenue for market participants. As per a U.S. Travel Association report, travel spending topped $1 trillion in 2022, and this trend showcases a positive upward movement in expenditures related to travel. This represents a massive opportunity for leather travel bag manufacturers and retailers.

Report Coverage

This research report categorizes the leather expandable travel bag market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the leather expandable travel bag Market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the leather expandable travel bag market.

Driving Factors

The leather expandable travel bag market is driven by some major trends. The key drivers for the leather expandable travel bag market are the need for vacation travel. As disposable incomes rise and the focus on lifestyle experiences grows, individuals are traveling more often, thus boosting the demand for quality travel accessories. Furthermore, leather expandable travel bags, with their fashion appeal and utilitarian features, meet the requirements of contemporary travelers who expect both style and performance. Additionally, the growing urbanization and shifting patterns of life. With the increase in the population in cities, there is a penchant towards more advanced and lifestyle consumerism. The urban consumer is seen to opt for high-quality, long-lasting goods like expandable travel bags made of leather for their travel purposes. Moreover, the industry is also driven by the rising trend of short vacations and weekend getaways, where the ease of use of expandable travel bags is especially advantageous. This is reinforced by the rise in low-cost carriers and enhanced transport infrastructure.

Restraining Factors

The leather expandable travel bag market encounters certain difficulties that would restrain its development. Real leather and premium-quality materials utilized during the production of these bags are costly, translating to increased manufacturing costs. Such a cost may be transferred to consumers, reducing the affordability of leather expandable travel bags for price-conscious buyers. Additionally, the market is also competed against by synthetic and substitute materials, which replicate the look without the premium prices.

Market Segmentation

The leather expandable travel bag market share is classified into product type, material, and end-user.

• The duffle segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on product type, the leather expandable travel bag market is segmented into carry-on, duffel, garment, and others. Among these, the duffle segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to their ability to accommodate both short and extended trips due to their roominess and versatility. Furthermore, they are particularly popular with younger travelers and sportsmen who need a bag with the capability of holding numerous different items, such as sports equipment.

• The top-gain segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on material, the global leather expandable travel bag market is divided into full-grain leather, top-grain leather, genuine leather, and bonded leather. Among these, the top-gain segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by its wear-resistance and shine. It is a bit less expensive compared to full-grain leather but maintains very good durability and beauty. Additionally, top-grain leather bags are a popular option for customers who require a middle ground between quality and price.

• The men's segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on end-user, the global leather expandable travel bag market is categorized into men, women, and unisex. Among these, the men's segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's growth is attributed mainly to the interest in utilitarian and long-lasting travel luggage. Moreover, aesthetics in the design for men's luggage lean more toward subtlety and traditional design with an emphasis on functionality and long life.

Regional Segment Analysis of the Leather Expandable Travel Bag Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the leather expandable travel bag market over the predicted timeframe.

North America is anticipated to hold the largest share of the leather expandable travel bag market over the predicted period. The dominance is due to the high per capita incomes and a rich tradition of tourism and travel. There are several high-end brands based in the region, and there exists a developed retail infrastructure, boosting market growth. Moreover, the market will grow continuously, propelled by the growing inclination towards premium-quality travel accessories and the emerging trend of travel for leisure.

Asia-Pacific is expected to grow rapidly in the leather expandable travel bag market during the forecast period. The market in the region is driven by the growing middle-class population, accelerating urbanization, and the explosive growth of the tourism sector in nations like China, India, and Thailand.  Additionally, the youth population in the region is more likely to adopt trendy and stylish traveling accessories, again increasing demand.

Competitive Analysis:

The report offers an appropriate analysis of the key organization markets/companies involved within the leather expandable travel bag market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Samsonite
• Tumi Holdings, Inc.
• Louis Vuitton
• Prada S.p.A.
• Gucci
• Rimowa GmbH
• Delsey
• Eagle Creek
• Antler Ltd.
• Away
• Fossil Group, Inc.
• Tommy Hilfiger

• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In June 2023, GARRTEN launched a stunning collection of functionally stylish leather accessories for men and women. The recently introduced range comprises four types of leather backpacks - signature, slim, rolltop, and travel - and two types of leather accessories, i.e., Dopp kits and wallets, in full grain and saffiano leather.

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the leather expandable travel bag market based on the below-mentioned:  

Global Leather Expandable Travel Bag Market, By Product Type

• Carry-On
• Duffel
• Garment
• Others

Global Leather Expandable Travel Bag Market, By Material

• Full-Grain Leather
• Top-Grain Leather
• Genuine Leather
• Bonded Leather

Global Leather Expandable Travel Bag Market, By End-User

• Men
• Women
• Unisex

Global Leather Expandable Travel Bag Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa