Luggage is one of the essential products of the travel and tourism industry. The global luggage market is expected to grow at a faster rate compared with the global travel and tourism market. A new report which captures the travel luggage, casual luggage, business luggage, and sports luggage shows just how fast it is growing.
Using 2020 as the base year and 2021-2025 as the forecast period, the size of the global luggage market is anticipated to grow by USD 11.03 billion from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 7.68% during the forecast period.
