{"id":801756,"date":"2026-04-13T13:39:01","date_gmt":"2026-04-13T13:39:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=801756"},"modified":"2026-04-13T13:39:01","modified_gmt":"2026-04-13T13:39:01","slug":"luggage-market-size-to-hit-usd-6037-billion-by-2031-at-664-cagr-driven-by-smart-luggage-trends","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/luggage-market-size-to-hit-usd-6037-billion-by-2031-at-664-cagr-driven-by-smart-luggage-trends_801756.html","title":{"rendered":"Luggage Market Size to Hit USD 60.37 Billion by 2031 at 6.64% CAGR Driven by Smart Luggage Trends"},"content":{"rendered":"
\"Luggage<\/a><\/div>\n
Explore the luggage market (2026\u20132031) with Mordor Intelligence. Get in-depth insights on market size, share, revenue, segments, key drivers, latest trends, and growth opportunities shaping the future of sustainable construction.<\/div>\n

The global luggage market is witnessing steady recovery and expansion as travel activity returns across both leisure and business segments. According to a research report by Mordor Intelligence, the luggage market size<\/a> was valued at USD 41.04 billion in 2025 and is estimated to grow to USD 43.77 billion in 2026, reaching USD 60.37 billion by 2031, registering a CAGR of 6.64% during the luggage market forecast period.<\/p>\n

The growth of the luggage market is driven by the recovery in global travel and increased movement across domestic and international routes. Consumers are spending more on travel experiences, which is raising demand for durable, stylish, and functional luggage. At the same time, younger buyers are influencing luggage market growth by choosing versatile products that suit both travel and daily use. This shift toward multi-purpose and design-focused luggage is supporting the expansion of the overall luggage market share across both developed and emerging regions.<\/p>\n

Key Trends in the Luggage Market<\/strong><\/p>\n

Rise in Leisure and Business Travel<\/strong><\/p>\n

The recovery in travel has been a major factor driving luggage market trends. Leisure travel is growing as consumers prioritize experiences, while business travel continues to support demand for structured and professional luggage. The growing concept of combining work and leisure trips is encouraging demand for versatile luggage designs.<\/p>\n

Growing Preference for Smart Luggage<\/strong><\/p>\n

Consumers are increasingly choosing luggage equipped with modern features such as tracking systems, charging options, and secure locking mechanisms. These features are becoming common in mid-range and premium categories, supporting the expansion of the luggage industry.<\/p>\n

Luggage as a Style Statement<\/strong><\/p>\n

Luggage is no longer seen as just a utility product. Buyers now consider design, color, and brand identity while making purchasing decisions. Social media influence has increased interest in visually appealing products, boosting demand across fashion-oriented segments of the luggage market.<\/p>\n

Explore in-depth insights and regional perspectives, including localized editions like the Japanese market version – <\/strong>https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/luggage-market?utm_source=abnewswire<\/strong><\/a><\/p>\n

Luggage Market Segmentation<\/strong><\/p>\n

By Product Type<\/strong><\/p>\n