Friday, August 29, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Artificial intelligence displayed on a vintage typewriter with the words "Artificial Intelligence"

    Artificial intelligence — The New Language of Tomorrow’s Economy, According to Aleksandr Katsuba

    Windows 11 Safely

    How to Download and Install KMSpico on Windows 11 Safely (Step-by-Step Guide with Alternatives)

    tech

    The Rise of Minimalist Tech: Why Consumers Are Choosing Compact Gadgets

    Revolutionizing

    How Technology Is Revolutionizing the Way We Travel

    Online Casino Game

    The iGaming software provider matters: Is it the best way for online casinos to achieve long-term success?

    Casino Slot Game

    Find Legit AU Online Casinos | Safe Gambling Guide

    Baby Sleeping Peacefully

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Artificial Intelligence

    Europe’s AI Act Enters New Phase

    Close-up of a laptop screen displaying lines of code in a text editor, highlighting programming work in progress.

    How Technology Innovations Are Redefining Online Casinos and Sports Betting Experiences

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    Senior Citizen in a wheelchair

    How to Support and Manage Your Parents’ Financial Decisions Through Dementia

    Mobile Apps for Managing Finances: What to Choose in 2025

    Mobile Apps for Managing Finances: What to Choose in 2025

    Bank Branch Presence in the UK: Then and Now

    Bank Branch Presence in the UK: Then and Now

    Financial graph illustrating investment performance

    Tradock Explained | What This Trading Platform Offers

    Investment Graph in different device screens

    Quantiumax Reviews: What Makes This Broker the Best Choice Available

    Panoramic view of London's skyline featuring iconic buildings like the Shard and the London Eye against a clear sky

    Can London Still Compete with Silicon Valley and Berlin in Tech Investment?

    Using a Laptop

    How to Accept Altcoin Payments and Upgrade Your UX Strategy

    Crypto Loans Meet Open Banking: Will Hybrid Products Redefine Borrowing?

    Crypto Loans Meet Open Banking: Will Hybrid Products Redefine Borrowing?

    Fintevex.io vs The Rest: What Happened When We Put It to the Test

    Fintevex.io vs The Rest: What Happened When We Put It to the Test

  • Environment
    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

  • Property
    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    How to Streamline Your Home Expenses

    How to Streamline Your Home Expenses

    How To Plan Your Home Improvements in Six Easy Steps

    How To Plan Your Home Improvements in Six Easy Steps

    Budgeting for a House Sale: What Most Sellers Forget

    Budgeting for a House Sale: What Most Sellers Forget

    Home and business removals: Streamlining your move

    Home and business removals: Streamlining your move

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    6 Common Admin Mistakes that Property Managers Make

    6 Common Admin Mistakes that Property Managers Make

  • eCommerce
    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

No Result
View All Result
Today News
Home Business

The Luggage Market Share By Brand

Kane William by Kane William
July 8, 2024
Reading Time: 5 mins read
Luggage Market
226
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Market research is a business template that merchant needs to fully understand. Benefiting from public data and Internet information, this global luggage industry analysis will walk you through an in-depth understanding of the industry’s prospects and the market share by brand positioning differences of the best brands, providing the necessary information for your business decision-making.

Global Market Size And Trends

The global luggage market was valued at approximately USD 40 billion in 2023 and is expected to grow to USD 60 billion by 2030, at a CAGR of 6.2% from 2024 to 2030. Rising demand for domestic and international travel coupled with rising disposable income has fueled the demand for durable and stylish luggage. Technological advancements in materials and design have enhanced the durability and functionality of the products, further driving market growth. In addition, consumer preference for convenience and customization has also boosted the luggage market.

Related posts

BONK saved Solana from becoming ordinary ― Here’s how

August 28, 2025
8
Office space with several people focused on their work

Creating Environments that Encourage Collaboration in the Workplace

August 27, 2025
523

Young consumers are no longer satisfied with traditional luggage and are looking for a variety of novel functions. Among them, the most impactful ones are smart luggage. Smart luggage usually contains built-in GPS tracking, a remote locking system, a USB charging socket, and an integrated scale.

Another new trend is multifunctional luggage: it is easy to carry them from one place to another and they do not take up much space. They can be transformed into multifunctional luggage, such as foldable trolleys, trolley bags, handbags, and luggage bags.

Market Share By Top Brands

Away

According to Adweek’s report, Away is projected to have $300 to $350 million in annual revenue before the pandemic. Meanwhile, Similarweb and Google Trends show that Away’s market exposure and search popularity have dropped by 63% in the past four years. It can be inferred that Away’s market share has declined compared to before the epidemic.

RIMOWA

The popularity of RIMOWA luggage rebounded quickly from the beginning of 2020 when the epidemic broke out. As of July 2024, its global search popularity and population have increased 10 times. However, the brand only accounted for 1.8% of the global suitcase market in 2015. Between 2015 and 2020, the brand’s sales and popularity growth were almost stagnant, RIMOWA is the high-end luggage brand with the largest growth in brand influence in the past decade.

Tumi (belongs to Samsonite)

Samsonite’s annual report shows revenue of US$3 billion in 2023. Its performance has recovered year by year in the past three years, with an annual growth rate of 23%. Tumi was acquired by Samsonite in 2016 and is one of the most well-known luggage brands under Samsonite, accounting for 10% of the company’s However, Google Trends shows that since Tumi’s performance plummeted in 2020, it has only recovered to pre-epidemic revenue levels in the past four years. In the past 15 years, Tumi’s revenue has not grown significantly.

How To Calculate The Market Share Of A Brand

Select 2 to 3 leading brands, use their public annual reports as reference (listed companies), combine the search growth curve of Google Trends to make year-on-year comparisons, multiply the annual search popularity growth rate by the previous year’s turnover, and compare the annual change curves of each brand across brands. This will allow you to intuitively see the changes in the market operating income of each brand. Finally, divide the estimated revenue of each brand in the current year by the total market value of global luggage in the most recent year.

Types Of Luggage From Leading Brands

Whether it is the top 3 brands mentioned above, or new brands such as Travelpro and MvstSelect, more than 80% of their luggage is made of aluminum, and the rest are made of PC or PP. In terms of price range, the luggage of the leading brands is all priced at more than US$300. Compared with other materials, aluminum looks more high-end and has a better user experience, so it has a larger premium space. This is why top brands are keen on aluminum luggage.

The Bottom Line

This bottom line refers to the factors that merchants need to focus on in market competition, such as quality and pricing. Given that most brands provide lifetime warranty services and also need to consider profit margins, the general practice is to reserve enough advertising budget and after-sales budget in pricing.

Taking Google Ads as an example, luggage from a well-known brand needs to be clicked by 50 to 100 users to generate a transaction. The advertising cost for each click is US$0.8 to US$1.5, which means that with an average of $120, advertising expenditure can sell travel luggage. According to Aluvox as a luggage OEM factory of global brands worldwide for more than 20 years, the factory price of 20-inch aluminum luggage is US$60 to US$80, depending on its functions, additionally, the cost of a lifetime warranty, a competitive luggage price bottom line is no less than $269 to make it within your budget.

Two Modes Of Market Intervention

Light Asset Model

The asset-light model includes two types of companies: OEM and drop shipping. The former forms provide OEM services to brands, while the other relies on the spot supply chain and promotes direct sales through its channels. The bulk of the cost of OEM comes mainly from the machinery and equipment used for processing and the rent of the factory, while the bulk of the cost of drop shipping comes from the advertising fees, labor costs, and time costs generated during the promotion. In a recent article, I talked about how to start your dropshipping business.

Heavy asset model

The heavy asset model is generally based on the private label brand, finding suitable OEM factories to produce suitcases, and carrying out inventory and sales for a long time. The bulk of the expenses come from advertising fees, personnel expenses, and production site rentals generated during the inventory and promotion of goods. Even if sales are online, comprehensive expenses such as platform service fees will be incurred regularly.

Last but not least, There is no single business model that can guarantee your success in the luggage market; all business decisions need to be made based on your circumstances.

Kane William

Tags: Luggage Market
Previous Post

Understanding the Different Types of Life Insurance Available in the UK

Next Post

Meet Elena: Greece’s Young Innovator

Related Posts

Business

BONK saved Solana from becoming ordinary ― Here’s how

August 28, 2025
8
Office space with several people focused on their work
Business

Creating Environments that Encourage Collaboration in the Workplace

August 27, 2025
523
Beautiful and spacious living room
Business

Explore Lifestyle Shifts That Are Redefining Modern Living for a Balanced Life

August 27, 2025
406
ventilation fans
Business

Key considerations when choosing kitchen ventilation fans for professional use

August 27, 2025
452
Digital Communication
Business

Talking Photos: The AI Technology Reshaping Digital Communication

August 27, 2025
559
Small Business Thermal Printer & Sticker Printer: Boost Efficiency with MUNBYN
Business

Small Business Thermal Printer & Sticker Printer: Boost Efficiency with MUNBYN

August 27, 2025
17
Next Post
Meet Elena

Meet Elena: Greece’s Young Innovator

RECOMMENDED NEWS

House Flipping Rises To 9% – Can You Make Good Money?

House Flipping Rises To 9% – Can You Make Good Money?

2 years ago
494
Instagram Profile

How Changing Your Instagram Profile Picture Can Boost Engagement

5 months ago
660
Behind the Doors You’re Not Allowed to Open

Behind the Doors You’re Not Allowed to Open

4 months ago
574
CEO Bijan

Lattice CEO Bijan Burnard Champions London as Blockchain’s New Global Epicenter

9 months ago
32

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

BONK saved Solana from becoming ordinary ― Here’s how

August 28, 2025
Bright neon sign reading "Game On," illuminating the surrounding area with vibrant colors.

The Rise of Gamification Across Industries

August 28, 2025
Close-up of a person gripping a smartphone with a mobile game on the screen, highlighting mobile gaming culture.

The Dawn of Mobile Gaming

August 28, 2025
Woman intently gazes at a casino slot machine, contemplating her next move.

Are online casinos safer than the high street? A look at security in 2025

August 28, 2025
Artificial intelligence displayed on a vintage typewriter with the words "Artificial Intelligence"

Artificial intelligence — The New Language of Tomorrow’s Economy, According to Aleksandr Katsuba

August 28, 2025
Ski lift elevated above the ground at a ski resort, with a backdrop of snowy peaks and clear blue skies.

Why ski resorts are the ultimate winter escape

August 28, 2025
Man driving a car at night, focused on the road with one hand on the steering wheel.

Gaining Independence: How Learning to Drive Changes Everyday Life

August 28, 2025
Weather-Resistant Printed Workwear for Outdoor Jobs

Weather-Resistant Printed Workwear for Outdoor Jobs

August 28, 2025
Sleep, Stress and Balance: Why More Britons Turn to Floral Solutions

Sleep, Stress and Balance: Why More Britons Turn to Floral Solutions

August 28, 2025
Comparing Regulatory Overhauls: How the UK’s New Land-Based Casino Reforms Passed into Law

Comparing Regulatory Overhauls: How the UK’s New Land-Based Casino Reforms Passed into Law

August 28, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

BONK saved Solana from becoming ordinary ― Here’s how

August 28, 2025
Bright neon sign reading "Game On," illuminating the surrounding area with vibrant colors.

The Rise of Gamification Across Industries

August 28, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact