Global Bags and Luggage Market to Grow at a CAGR of 2.15% Through 2032, Driven by Travel Recovery and Everyday Utility Demand, Says Reports Vyansa Intelligence [Yahoo! Finance Canada]
SAMSONITE INTL UNSP/ADR (SMSEY)
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Source: Yahoo! Finance Canada
projected to grow at a CAGR of around 2.15% during 2026–2032. The market expansion is primarily supported by steady growth in global travel activities, increasing consumer preference for functional and lifestyle-oriented bags, and rising demand across business and daily mobility applications. Asia-Pacific dominated the global market in 2025, accounting for nearly 40% of total revenue, supported by rapid urbanization, expanding middle-class population, and growing travel and tourism activities across countries such as China, India, and Southeast Asia. Increasing consumer spending on personal accessories and strong retail penetration continue to reinforce the region's leadership in the bags and luggage market. Global Bags and Luggage Market Key Takeaways The Global Bags and Luggage Market is expected to grow from USD 157.81 billion in 2025 to approximately USD 183.16 billion by 2032, registering a CAGR of around 2.15% during 2026–2032. Bags accounted for nearly 60% of the total
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