Travel Accessories Market Size, Share & Analysis, By Type (Textile Travel Accessories, Personal Care Items, Electronic Accessories, Travel Bag & Luggage Accessories, and Others), By Distribution Channel (Online Channels and Offline Channels), and Regional Forecast, 2024-2032

The global travel accessories market size was valued at USD 2,110.67 million in 2023. The market is anticipated to grow from USD 2,220.63 million in 2024 to USD 3,678.08 million by 2032, exhibiting a CAGR of 6.51% growth during the forecast period. Asia Pacific dominated the travel accessories market with a market share of 48.29% in 2023. Asia Pacific dominated the travel accessories market with a market share of 48.29% in 2023.

Travel accessories provide safety and convenience to the users while traveling. Consumers prefer lightweight, compact-sized, and personalized travel essentials to hold luggage conveniently during outdoor activities. Manufacturers produce products made of unique designs and functionalities to ensure that users get a comfortable journey with the products. For instance, in April 2024, Swiss Military, a luxury travel gear maker, launched an innovative line of nine products featuring unique specifications of 8-wheel designs and aluminum trolleys. These products are available at affordable prices in India.

The novel COVID-19 pandemic negatively influenced the demand for travel accessories, notably throughout 2020. Travel restrictions across countries severely disrupted supply chain operations worldwide, hampering product sales. However, the global market has recovered during the post-COVID-19 phase, with the easing of travel restrictions and reopening of physical outlets/distribution platforms.

Travel Accessories Market Trends

Rising Adoption of Sustainable Travel Gear to Fuel Market Expansion

Eco-conscious consumers prefer eco-friendly outdoor essentials to minimize the environmental impact of their products. Rising demand for such eco-friendly products and the growing number of companies offering recycled plastic-based toiletries, shopping bags, and other outdoor products favor the growth of the accessories market during the forecast period of 2023-2032. In September 2022, Samsonite International S.A. expanded its portfolio of outdoor essentials by launching ‘Magnum Eco,’ a durable, lightweight luggage collection of products made of advanced recycled Recyclex material. The line of products is available for consumers in India.

Travel Accessories Market Growth Factors

Growing Number of International Travelers to Drive Product Demand

Consumers purchase luggage straps, security devices, and other trip essentials to safely travel to international destination places. The increasing number of international travelers and their spending on luxury lifestyle products will drive the global travel accessories industry worldwide. Furthermore, continual travel retailing shops’ provision of luxury trip essentials at airports and seaport settings supports the product demand worldwide. According to the UN Tourism Organization, in the first quarter of 2024, more than 285.0 million tourists traveled internationally, 20% up over the first quarter of 2023.

Rising Replacement Rate of Trip Essential to Accelerate Market Growth

Manufacturers produce premium-based travel accessories to address varied consumer demands across different sales channels. Technological advancements in the development of innovative products and the growing number of travel retail suppliers investing in newer premium product ranges encourage consumers to buy such products, thereby accelerating the global travel accessories market growth.

RESTRAINING FACTORS

Incidences of Closure of Tourism Settings to Limit Market Growth

Closure of airport & seaport settings due to cross-border war, earthquakes, and other incidences limit consumer spending on travel goods. Furthermore, the closure of outdoor gear shops due to the COVID-19 pandemic-related travel restrictions restrained the product demand across many countries worldwide.

Travel Accessories Market Segmentation Analysis

By Type Analysis

Higher Spending on Electronic Travel Gadgets Result Electronic Acessories Segment to Lead Market

Based on type, the market is categorized into textile travel accessories, personal care items, electronic accessories, travel bag & luggage accessories, and others.

The electronic accessories segment is predicted to capture a leading market share during the forecast period of 2024-2032. The segment’s major global travel accessories market share is attributed to the significant travelers’ demand for smart luggage with GPS tracking systems and travel gadgets, including power banks, headsets, mobile accessories, and others, for their smartphone and laptop peripheral needs. Furthermore, advancements in the development of laptops, smartphones, and tablet accessories, including computer mouse, earbuds, gaming products, and others, will positively contribute to the segment’s growth during the forecast period of 2024-2032. 

Transportation agencies' provision of luxury pillow blankets, rugs, and bedsheets to travelers for their convenience, and comfortable and safer journeys mainly supports the textile segment’s revenues. In addition, shifting consumer preference toward textile products made of natural and biodegradable ingredients will favor the segment’s growth in the future. 

The growing popularity of multi-pack travel toiletry kits among women to fulfill their personal hygiene needs while traveling accelerates the growth of the personal care itemssegment. The rising business travelers’ demand for travel accessories, including straps and air tags, to ensure the safety of the carried luggage skyrockets travel bag & luggage accessories segmental revenues. Others segment include various product types, such as water bottles, first aid kits, packing organizers, cookware products, passport holders, and others. Growing awareness regarding a diverse range of travel goods and evolving consumers’ travel product consumption needs will drive others segment growth.

By Distribution Channel Analysis

Higher In-person Shopping Preferences During Travel Helped Offline Channels Segment Lead Market

By distribution channel, the global market is segregated into online channels and offline channels.

The offline channels segment analyzes various distribution channels, including supermarkets & hypermarkets, specialty stores, factory outlets, direct selling channels, and others. The offline channels segment exhibited a leading market share in 2023. The segment’s dominance is attributed to the higher consumer spending on outdoor products while traveling. According to a report named ‘China Inbound Tourism Development Report,’ published by the World Tourism Alliance (WTA), in March 2022, around 86% of Chinese inbound travelers were willing to buy merchandise during their travel. Consumers can better understand the product features and test the product performance while shopping in person from the luggage shops. Increasing consumer preference for purchasing trial & tested travel straps and other safety products to avoid luggage theft issues during the journey supports the offline channels’ segmental growth.

Continual e-commerce retailers’ provision of discounted luggage and accessories will drive the global online sales of travel products. In addition, the rising adoption of online shopping for outdoor essentials among consumers will drive online channels’ segment revenue.

REGIONAL INSIGHTS

Based on region, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. 

The Asia Pacific market was valued at USD 1,019.24 million, dominating the global in 2023. Higher travelers’ spending on travel gear in China, India, and Southeast Asia resulted in the region exhibiting a significant global market share in 2023. According to the Singapore Tourism Board (STB), travel and tourism receipts (spending on goods & services) in Singapore reached USD 26 billion in 2023, up from USD 24.5 billion in 2019. Furthermore, shifting consumer preference for luxury outdoor gear in their premium tourism packages supports the revenue growth of travel accessories in Japan, China, and India.

Europe emerged as the second-leading regional market in 2023. The increasing number of international travelers and their spending on premium products in France, the Netherlands, and Spain drives product revenues in these countries. Furthermore, growing imports of textile and luggage accessories in Germany, France, the U.K., and Italy drive product consumption rates in these countries. According to the European Apparel and Textile Federation (EURATEX), European net trade of textile and clothing exceeded USD 213.97 billion (EUR 200 billion), with a 36.6% increase in clothing imports in the region. 

Consumer preference for smart technology-based travel gadgets at affordable prices drives market growth in Canada and the U.S. Furthermore, growing awareness of the diverse range of travel products among inbound travelers in Mexico will support product demand in the country.

The increasing number of international travelers and their spending on luxury products in Brazil, Argentina, and the Dominican Republic drive South American market growth. According to the government of Brazil, in 2023, there were 64.8 thousand flights offered by airlines for air passengers in Brazil, 40% higher than in 2022. Growing tourism infrastructural facilities, increasing number of inbound tourists, and growing disposable incomes of the households in South Africa, the UAE, Egypt, and Saudi Arabia will boost product revenues in the Middle East & Africa.

KEY INDUSTRY PLAYERS

Key Players’ Portfolio Expansion in Premium Price Range to Support Market Growth

The leading market players, including Samsonite International S.A., Rimowa, VF Corporation, and Delsey, are launching premium products to encourage customers to purchase them and build a newer customer base. These companies’ expansion projects will support market growth from 2024 to 2032. For instance, in November 2023, Samsonite International S.A. teamed up with Maison Kitsuné, an innovative clothing brand, to launch a supreme line of luggage and trip essentials in playful Parisian colors in the Singaporean market.

List of Top Travel Accessories Companies :

• Samsonite International S.A. (Hong Kong)


• Rimowa (Germany)


• VF Corporation (U.S.)


• Delsey (U.S.)


• ACE Luggage Co., Ltd. (U.S.)


• Design Go Ltd. (Go Travel) (U.K.)


• TRAVEL-BLUE.COM (U.K.)


• MCM Worldwide (Germany)


• Magellan's (U.S.)


• SINOX COMPANY LTD. (Taiwan)


• United States Luggage Company LLC. (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• November 2023: Emirates, a Dubai-based shop selling luxury products to international arrivals, launched a unique capsule collection of luggage, bags, and accessories. These products are made of fashionable, upcycled materials and suitable for retrofitting aircraft.


• September 2023: Tumi, a Samsonite International S.A.-owned luxury outdoor lifestyle brand, launched an exclusive store at the prestigious Palladium Ahmedabad shopping destination to increase its luxury travel essentials’ reach in the city.


• January 2023: Ricardo Beverly Hills, a Washington, U.S.-based product maker, launched Essentials 5.0, a collection of organizational travel essentials featuring an anti-microbial fabric treatment technology.


• December 2022 – Acefour, an India-based startup, invested USD 7.0 million to develop a premium range of direct-to-consumer (D2C) premium products in India.


• July 2022 – Go Travel extended its partnership agreement with InMotion to distribute branded products across 37 U.S. stores operated by Marshall Retail Group (MRG).

REPORT COVERAGE

The market research report analyzes the market in-depth and highlights crucial aspects, such as prominent companies, product types, and distribution channel areas. Besides this, it outlines the latest market trends and competitive landscape and highlights significant industry developments. In addition to the aspects mentioned earlier, it encompasses several factors contributing to the market's growth.

Report Scope & Segmentation