Suitcase and Briefcase Market to Grow with a CAGR of 5.79% through 2029

The global suitcase and briefcase market is growing rapidly, driven by rising demand for versatility and multi-functionality suitcases and briefcases that are lightweight, durable, and secure.

According to TechSci Research report, “Suitcase and Briefcase Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global Suitcase and Briefcase market stood at USD 32.43 billion in 2023 and is anticipated to grow with a CAGR 5.79% through 2029. 

The growth of e-commerce has revolutionized the way consumers shop for luggage, providing a convenient and extensive platform for exploring and purchasing suitcase and briefcase options. Online retail channels offer a vast array of choices, allowing consumers to compare prices, read reviews, and make informed decisions from the comfort of their homes. The digital transformation of the retail landscape has enabled luggage manufacturers to reach a global audience, breaking down geographical barriers and expanding their market presence. E-commerce platforms provide an opportunity for both established brands and emerging players to showcase their products, driving competition and innovation within the market. Furthermore, digital marketing strategies, social media influence, and online promotions have become instrumental in reaching and engaging consumers. The accessibility and convenience offered by e-commerce platforms contribute significantly to the growth of the suitcase and briefcase market, with consumers increasingly relying on online channels for their luggage purchases.

The luggage industry, like many others, faces increasing scrutiny regarding its environmental impact. The production of suitcases and briefcases often involves the use of materials such as plastics, which contribute to environmental issues such as pollution and waste. Consumers are becoming more environmentally conscious, demanding sustainable and eco-friendly products. Meeting these sustainability expectations poses a challenge for the industry, as it requires a shift in manufacturing practices, materials sourcing, and overall product life cycles. Manufacturers must address concerns related to the disposal of old luggage and find ways to minimize the environmental footprint of their products. To tackle the challenge of environmental concerns, companies can explore sustainable materials, adopt eco-friendly production processes, and implement recycling programs. Communicating transparently about these initiatives can build trust with environmentally conscious consumers and differentiate brands in a crowded market.

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The global Suitcase and Briefcase market is segmented into product type, distribution channel, and region.

Based on product type, travel cases dominate as the leading segment by product type. This dominance is driven by the increasing frequency of both leisure and business travel, which boosts demand for durable, functional, and stylish travel solutions. Consumers prioritize features such as durability, ease of maneuverability, and ample storage, making travel cases a preferred choice. Innovations in design, such as lightweight materials, smart compartments, and ergonomic handles, further enhance their appeal. As global travel continues to rise, the travel case segment is poised to maintain its prominent position in the market.

Based on distribution channel, In the global suitcase and briefcase market, offline sales dominated due to several compelling factors. Customers often prefer purchasing luggage in physical stores where they can inspect the quality, size, and functionality firsthand. This tactile experience is crucial for high-investment items like suitcases and briefcases, where durability and design are paramount. Additionally, physical stores offer immediate possession, avoiding the wait times and potential issues associated with shipping. The personalized service and expert advice available in retail settings further enhance the shopping experience. Moreover, established brands often maintain a strong offline presence, leveraging brand trust and loyalty. While e-commerce is growing, the offline segment continues to lead due to these inherent advantages, catering to consumers' need for tangible assessment and instant gratification. This trend is especially pronounced in regions with high tourist activity and business travel, where quick and reliable access to quality luggage is essential.

Major companies operating in global suitcase and briefcase market are:

• Ace Co. Ltd.
• Valigeria Roncato S.p.A.
• BRIC’S Industria valigeria fine S.p.A
• Delsey S.A
• Briggs & Riley Travelware LLC
• LVMH Moët Hennessy-Louis Vuitton SE
• Nike, Inc.
• Samsonite International S.A. 
• VF Corporation
• VIP Industries Ltd

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“The luggage market is increasingly recognizing and addressing the diverse needs of consumers, leading to the trend of inclusive design. This involves creating products that cater to a wide range of demographics, considering factors such as age, gender, physical abilities, and cultural preferences. Inclusive design in suitcases and briefcases involves considerations like ergonomic design for comfort, gender-neutral aesthetics, and features that accommodate varying travel requirements. Luggage brands are striving to offer products that are accessible and user-friendly for a diverse global audience. This trend is not only driven by a commitment to inclusivity but also by the acknowledgment that the market is diverse and dynamic. By adopting inclusive design principles, companies can tap into new market segments and ensure that their products resonate with a broad and varied customer base”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Suitcase and Briefcase Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Travel Cases, Business Cases), By Distribution Channel (Online, Offline) By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global suitcase and briefcase market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global suitcase and briefcase market.

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