Wednesday, October 29, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Website Designs

    The End of Cookie-Cutter Website Designs

    White T-shirt, plain mug, and beige tote bag are arranged on a light gray background. The minimalistic style conveys simplicity and calmness.

    From Side Hustle to Success: How POD Is Empowering Entrepreneurs

    Anticipating Digital Shopping Trends For 2026

    Anticipating Digital Shopping Trends For 2026

    Digital thermostat on a textured white wall displays a temperature of 63 degrees. The sleek, round design conveys modernity and efficiency.

    Why 2025 Is the Year to Upgrade Your Home Energy Solutions

    Web Trader vs. Mobile Trader vs. Desktop: Which Metriccode Platform Is Right for You?

    Web Trader vs. Mobile Trader vs. Desktop: Which Metriccode Platform Is Right for You?

    How AI Tools Help Humanize Research Writing in the Age of Automation

    How AI Tools Help Humanize Research Writing in the Age of Automation

    Dual-monitor setup on a desk shows code on one screen and a chat application on the other. Headphones and a smartphone are nearby, suggesting productivity.

    How Real-Time Technology Is Shaping the Future of Digital Entertainment

    Belitsoft Explains Why UK-based Companies Nearshore Bespoke .NET Development

    Belitsoft Explains Why UK-based Companies Nearshore Bespoke .NET Development

    How Smart Viewers Are Changing the Way They Watch TV

    How Smart Viewers Are Changing the Way They Watch TV

  • 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
    Person in a suit reviews a tablet displaying graphs at a desk, surrounded by documents, a calculator, pen, and a yellow mug. The setting is professional.

    The Importance of KYC Checks in the UK Financial Sector

    The Benefits of Accepting Crypto Payments in E-Commerce

    The Benefits of Accepting Crypto Payments in E-Commerce

    Dogecoin Adoption Never Stopped Soaring

    Dogecoin Adoption Never Stopped Soaring

    Hand holding a key over a table with Euro banknotes scattered and a calculator nearby, suggesting themes of finance, investment, or real estate.

    How Brokers Can Help You Compare Loans in Denmark and Save on Interest

    MPs Continue Push For Gambling Tax Increase

    MPs Continue Push For Gambling Tax Increase

    Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

    Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

    Smartphone displaying stock graphs is on a desk with a keyboard and mouse in front of a computer monitor. The setting feels modern and tech-focused.

    FTX Unwind Continues: $1.6B Payout Signals Progress Amid Market Uncertainty

    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    How workplace pensions have changed in the UK

    How workplace pensions have changed in the UK

  • Environment
    Aerial view of London shows Thames River, bridge, and cityscape with modern and historic buildings

    Why Air Pollution Control Systems are Important

    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?

  • Property
    Buying Property

    What Dubai Islands Mean for Global Property Investors in 2025

    Why louvered pergolas are popular in the UK

    Why louvered pergolas are popular in the UK

    Septic Tank Emptying: How Often Is It Really Needed?

    Septic Tank Emptying: How Often Is It Really Needed?

    urban design

    Good Urban Design is not a Luxury; it is a Necessity

    Hand holds a keychain with a house-shaped pendant and keys, symbolizing home ownership. The background shows a blurred, warmly lit interior.

    The Importance of Getting the Best Deals for Your Home

    From Classic to Contemporary: A Guide to Your Home’s Door Options

    From Classic to Contemporary: A Guide to Your Home’s Door Options

    Orange and white Mediterranean buildings with blue railings under a clear sky in Limassol, Cyprus. The bright colors and sunny day evoke a cheerful, tranquil vibe.

    Modern vs Traditional: The Range of Houses for Sale in Limassol

    Real Estate in Dubai

    Real Estate in Dubai: Strategic Investment Insights for 2025

    Safe asbestos management for homeowners

    Safe asbestos management for homeowners

  • eCommerce
    The Live Shopping Market has Surged to $32bn

    The Live Shopping Market has Surged to $32bn

    Winning PPC Strategies for E-Commerce Brands

    Winning PPC Strategies for E-Commerce Brands

    SEO Agencies

    How To Audit Your Ecommerce Site Structure SEO? A complete Step-by-step Guide for Beginners

    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    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

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
234
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

Web Hosting Provider

Top 10 Features to Look for in a Reliable Web Hosting Provider

October 28, 2025
555
Business Email

Why a Business Email Address Matters for Professionalism

October 28, 2025
469

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

Web Hosting Provider
Business

Top 10 Features to Look for in a Reliable Web Hosting Provider

October 28, 2025
555
Business Email
Business

Why a Business Email Address Matters for Professionalism

October 28, 2025
469
Bathroom
Business

10 Small Bathroom Layouts Featuring Built-In Wall Shelves

October 28, 2025
352
Burn Injury Lawsuits
Business

Burn Injury Lawsuits Explained: How Legal Help Can Make a Difference

October 28, 2025
551
Europe eSIM Travel Sellers
Business

10 Best Europe eSIM Travel Sellers (Honest Review)

October 28, 2025
438
Datuk Seow Gim Shen: Leading Zchwantech’s AWS Partner Journey 
Business

Datuk Seow Gim Shen: Leading Zchwantech’s AWS Partner Journey 

October 28, 2025
441
Next Post
Meet Elena

Meet Elena: Greece’s Young Innovator

RECOMMENDED NEWS

Boiler

Your Guide to ECO4 Boiler Grant for Benefit Receivers in the UK

11 months ago
56
Why Vosita is Essential for Streamlining Your Healthcare Needs

Why Vosita is Essential for Streamlining Your Healthcare Needs

1 year ago
546
Packaging Design

Explore the 6 Basic Steps to Great Packaging Design

1 year ago
561
Solar Panels

How Do Solar Panels Convert Sunlight into Electricity?

1 month ago
43

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

What Passion Really Costs: The Real Price of Being a Sports Fan

What Passion Really Costs: The Real Price of Being a Sports Fan

October 28, 2025
Website Designs

The End of Cookie-Cutter Website Designs

October 28, 2025
Web Hosting Provider

Top 10 Features to Look for in a Reliable Web Hosting Provider

October 28, 2025
Business Email

Why a Business Email Address Matters for Professionalism

October 28, 2025
Bathroom

10 Small Bathroom Layouts Featuring Built-In Wall Shelves

October 28, 2025
Burn Injury Lawsuits

Burn Injury Lawsuits Explained: How Legal Help Can Make a Difference

October 28, 2025
Europe eSIM Travel Sellers

10 Best Europe eSIM Travel Sellers (Honest Review)

October 28, 2025
Datuk Seow Gim Shen: Leading Zchwantech’s AWS Partner Journey 

Datuk Seow Gim Shen: Leading Zchwantech’s AWS Partner Journey 

October 28, 2025
Injection Moulding

How Injection Moulding Can Transform Your Business

October 28, 2025
The Hidden Power of Dynamic Pricing: How Smart Sellers Stay Ahead of the Market

The Hidden Power of Dynamic Pricing: How Smart Sellers Stay Ahead of the Market

October 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

What Passion Really Costs: The Real Price of Being a Sports Fan

What Passion Really Costs: The Real Price of Being a Sports Fan

October 28, 2025
Website Designs

The End of Cookie-Cutter Website Designs

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