Wednesday, October 8, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Application Services

    Belitsoft Lists Top 5 Trends Shaping Managed Application Services in 2025

    How Technology Ensure Safe and Secure Online Gaming with Eat and Run Verification

    Smart Building Technology Integration: Future-Proofing Hospitality Through Intelligent Systems

    Laptop

    Laptop Running Slow? A Technician’s Guide to Performance Restoration

    Woman in a red dress wears a VR headset, standing in front of a vibrant digital backdrop with blue and pink glowing lines, creating a futuristic feel.

    The Future of Online Entertainment: What’s Next for a Digital Generation

    How businesses can balance AI innovation with online security

    How businesses can balance AI innovation with online security

    Modern office with two people working at desks, each focusing on computer screens displaying code. The room is dimly lit, creating a focused atmosphere.

    Top 10 Bespoke Software Development Companies in 2025

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

  • 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
    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

    Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.

    Surprising Tools That Can Help You Manage Your Money

    Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.

    Best Online Forex Brokers for High Leverage and Risk Management

    Person holding a smartphone displaying a stock market graph, with a laptop showing financial data in the background. The mood is analytical and focused.

    Top 5 Mutual Funds in the UAE (2025)

    Glass vase containing a money plant, symbolizing savings and financial growth.

    Building Generational Wealth: How Professionals Can Plan Beyond Their Lifetime

    Close-up of the word gambling

    UK gambling tax debate: simplification or squeeze?

  • 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
    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

    Angular, metal sheet wall with diamond patterns behind a dark railing, conveying an industrial feel. The texture is reflective and geometric.

    7 Design Concepts That Use Decorative Metal Sheets

    Worker repairs a red-tiled roof, balancing on scaffolding. They wear protective gear under a clear blue sky, conveying focus and diligence.

    The Complete Guide to Roof Repairs: What Every UK Property Owner Needs to Know in 2025

    A Comprehensive Guide on an Inline Extractor Fan

    A Comprehensive Guide on an Inline Extractor Fan

    Red door labeled "Fire Exit Keep Clear," indicating it should remain unobstructed for safety.

    Fire door compliance: Essential considerations for contractors and housebuilders

    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

  • eCommerce
    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

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

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

chain

Gold vs Diamond Chain: Which One Should You Actually Buy?

October 8, 2025
390
Kiln Dried

Stay Warm This Winter: Why Kiln Dried Logs Are the Best Choice for UK Homes

October 8, 2025
579

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

chain
Business

Gold vs Diamond Chain: Which One Should You Actually Buy?

October 8, 2025
390
Kiln Dried
Business

Stay Warm This Winter: Why Kiln Dried Logs Are the Best Choice for UK Homes

October 8, 2025
579
Coping
Business

Coping with Relapse: Why Setbacks Can Become Comebacks

October 8, 2025
365
Personal Transformation
Business

From Surviving to Thriving: How Recovery Unlocks Personal Transformation

October 8, 2025
300
Meditation
Business

The Role of Mindfulness and Meditation in Long-Term Sobriety

October 8, 2025
354
Addiction
Business

Rebuilding Self-Worth After Addiction: A Journey of Self-Compassion

October 8, 2025
439
Next Post
Meet Elena

Meet Elena: Greece’s Young Innovator

RECOMMENDED NEWS

Fastest mobile tyre replacement in Manchester

The fastest mobile tyre replacement in Manchester

1 year ago
480
How UK Gambling Laws Have Evolved in the Digital Era: Key Changes in 2024

How UK Gambling Laws Have Evolved in the Digital Era: Key Changes in 2024

10 months ago
552
Non-Allowable Checklist During a Move

Non-Allowable Checklist During a Move

9 months ago
51
Arystal Nails for Thanksgiving——The best time to showcase creativity

Arystal Nails for Thanksgiving——The best time to showcase creativity

8 months ago
33

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

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

October 8, 2025
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

October 8, 2025
chain

Gold vs Diamond Chain: Which One Should You Actually Buy?

October 8, 2025
Kiln Dried

Stay Warm This Winter: Why Kiln Dried Logs Are the Best Choice for UK Homes

October 8, 2025
Coping

Coping with Relapse: Why Setbacks Can Become Comebacks

October 8, 2025
Personal Transformation

From Surviving to Thriving: How Recovery Unlocks Personal Transformation

October 8, 2025
Meditation

The Role of Mindfulness and Meditation in Long-Term Sobriety

October 8, 2025
Addiction

Rebuilding Self-Worth After Addiction: A Journey of Self-Compassion

October 8, 2025
Three overlapping UK £5 notes on a black background, each featuring a portrait of a woman, intricate designs, and blue-toned colors, conveying currency theme.

The Hidden Risks of Sending Money Abroad the “Old-Fashioned” Way

October 7, 2025
Black and white image of a rock band performing on stage. The lead singer passionately sings at the center, surrounded by dramatic smoke and dynamic lighting.

Manchester’s Best Musical Exports of All Time

October 7, 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

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

October 8, 2025
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

October 8, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact