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1 Synthèse du marché
1.1 Introduction
The luggage market includes products and accessories for transporting personal belongings during travel or excursions. Therefore, the main segments of this market are suitcases, backpacks, travel bags, handbags and luggage accessories. The first suitcases with wheels were invented by Bernard D. Sadow in 1970, which fundamentally revolutionized this market.
The growth rate (CAGR) of the global luggage market is 5.6% for the period from 2020 to 2025,and the annual revenue of this market is $70 billion (over $20 billion in the U.S.). Suitcases are the most important segment. Asia-Pacific is the fastest growing region in this market due to the increase in the number of tourists and the development of the transportation industry (mainly the aviation industry).
The German luggage market is also growing. There is an increased demand for sustainable luggage. The market is characterized by strong competition and a preference for local or European brands, as well as a growing interest in ecological materials and vegan alternatives to leather products. Typical customer profiles vary between business travelers, tourists and students. Although exact figures for the German market are difficult to find due to the variety of products, the growth of the tourism sector in Germany shows an increasing demand for luggage and related accessories.
- The German brand Rimowa, founded in Cologne, is the most renowned luxury luggage brand in Germany and worldwide.
- Other companies such asTitanandBreealso stand out by offering lightweight and durable suitcases and travel bags.
Recycled and more sustainable materials, such as textiles made from plastic bottles or vegan alternatives to leather, are gaining popularity in this market. In addition, technological innovations, such as connected suitcases and GPS tracking devices, are becoming increasingly popular with frequent travelers. Finally, the personalization of products and the focus on design and functionality are decisive factors for German consumers.
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The market for luggage | Germany
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