Luggage Market Analysis, Insights, Statistics, Forecast, Demand
The Global Luggage Market Size was worth around USD 38.76 Billion in 2023 and is predicted to Grow to around USD 76.66 Billion by 2033 with a compound annual growth rate (CAGR) of 7.06 % between 2023 and 2033. The market is driven by the growth of the travel and tourism sector. Additionally, the trend driving market growth is the development of convertible and foldable luggage, which meets the growing demand for lightweight and portable luggage solutions.