2024 Luggage Statistics: Analysis of Consumer Behavior, Product Trends, and Market Growth

The travel industry has been booming over the past decade, and the luggage market is no exception. Despite setbacks due to COVID-19, the market has shown significant growth and innovation in recent years.

According to Statista, US luggage retail sales increased by nearly 130% from 2010 to 2019, driven by more people traveling, industry innovation, and focused marketing efforts. However, the pandemic caused a 59% drop in sales in 2020, but by 2021, sales had rebounded to 85% of pre-pandemic levels.

In 2022, the global luggage market was valued at $17.6 billion, with a forecasted growth trajectory from 2017 to 2025. While the market was still below pre-pandemic levels in 2022, researchers predict a 7.2% compound annual growth rate in the industry from 2019 to 2029.

The emergence of startup luggage brands has added to the changing landscape of the market, with brands like Beis, Monos, and July experiencing growth potential in the coming years. Additionally, seasonal trends in luggage search interest show two spikes each year, with peaks in July and during the holiday season, particularly Black Friday Weekend.

As more people continue to travel around the world, the luggage industry is expected to thrive, providing opportunities for both established brands and newcomers to the market. With a projected growth rate and consumer interest in luggage remaining strong, the future looks bright for the travel gear industry.