20 Highest Quality Luggage Brands for 2024 [Yahoo! Finance]
SAMSONITE INTL SA ORD (SMSOF)
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Source: Yahoo! Finance
According to a report by IMARC, the global travel bags market was valued at $18.2 billion in 2023. The global travel bags market is expected to grow to $29.9 billion by 2032 at a compound annual growth rate of 5.5% from 2024 through 2032. The rapid increase in travel and tourism, post-COVID-19, has been a significant catalyst in boosting the growth of travel luggage items. Other important factors contributing to the growth of the industry include social media influencing, and the increasing inclination towards sustainable and eco-friendly products. The outlook for 2024 suggests a wave of technological revolution coupled with a rising demand for customized products. Duffels held the highest market share among the different types of luggage items, followed by trolley suitcases, and backpacks. You can also take a look at the safest exotic places to travel to The Influence of Social Media Social media has been a primary catalyst in the travel industry. The significant rise in travel
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