France Travel and Business Bags Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 2.08% from 2023 to 2033
• The France Travel and Business Bags Market Size is Expected to Hold a Significant Share by 2033

The France Travel and Business Bags Market Size is Expected to Hold a Significant Share by 2033, growing at a CAGR of 2.08% from 2023 to 2033.  

Market Overview

Travel and business bags are regarded as convenient commodities since they accommodate all necessary stuff such as daily use articles, clothing, crucial documents, technological gadgets, and other necessities while traveling from one location to another. Travel and business bags are made from a variety of materials, including jute, cloth, coated textiles, and leather. Careful planning and the appropriate gear are necessary for business travel in order to guarantee professionalism and efficiency. A trustworthy office backpack is a must for any professional traveller. A well-designed office bag should be durable, functional, and stylish, allowing you to easily carry all of your necessities without sacrificing flair. The expanding travel and tourism sector is the main factor driving the market for business and travel bags. Travel bags and luggage are in high demand as more individuals travel for work and pleasure due to changing consumer lifestyles and rising disposable incomes. Travel bags are becoming more and more in demand as a result of the growth of the travel business the emergence of low-cost airlines and rising travel affordability.  

Report Coverage

This research report categorizes the market for the France travel and business bags market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France travel and business bags market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France travel and business bags market.  

Driving Factors

A business backpack's key benefit is its usability. The palms are free, in order to do not feel the weight. A padded section in business backpacks shields laptop. Over the past few years, the market for travel and business bags has grown steadily due to a number of causes including increased disposable incomes, changing consumer lifestyles, and an increase in travel and tourism activities. To meet the various needs of business professionals and travelers, the market offers a broad range of products such as laptop bags, briefcases, duffel bags, backpacks, and luggage. Consumer preferences are shifting in favor of more fashionable and useful bags, which is another major factor driving the industry. More and more, customers are searching for bags with features like various pockets, lightweight materials, and appealing designs that combine functionality and flair.

Restraining Factors

The intense competition in the industry, where many firms are offering comparable items at competitive costs, is one of the main obstacles. The market is also challenged by the high cost of raw materials, which can raise production expenses and drive up the price of products. Examples of these raw materials are leather and premium fabrics.

Market Segmentation

The France travel and business bags market share is classified into material type and product type.

• The polyester segment is expected to hold a significant market share through the forecast period.

The France travel and business bags market is segmented by material type into polyester, fabric, leather, and others. Among these, the polyester segment is expected to hold a significant market share through the forecast period. Due to its strength, capacity to withstand stretching and shrinking, and speed of drying, polyester is a highly preferred fabric. Its cost makes it a favorite among travelers on a tight budget.

• The backpacks segment is expected to dominate the France travel and business bags market during the projected period.

Based on the product type, the France travel and business bags market is divided into backpacks, duffel bags, business bags, trolley bags, and suitcases. Among these, the backpacks segment is expected to dominate the France travel and business bags market during the projected period. This category covers a broad range of products that meet the demands of professionals, tourists, and students, including laptop backpacks, hiking backpacks, and school bags.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France travel and business bags market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Delsey
• Louis Vuitton
• Safari industries
• Samsonite International
• VIP Industries
• Wildcraft India
• Aldo
• Alfred Dunhill
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2024, Midmarket fund with an emphasis on healthcare and consumers Lighthouse Funds, through its most recent fund Lighthouse India Fund IV AIF, has invested Rs 229 crore in bag manufacturer Safari Industries. The estimated value of the domestic luggage market is Rs 15,000 crore.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France Travel and Business Bags Market based on the below-mentioned segments:

France Travel and Business Bags Market, By Material Type

• Polyester
• Fabric
• Leather
• Others

France Travel and Business Bags Market, By Product Type

• Backpacks
• Duffel Bags
• Business Bags
• Trolley Bags
• Suitcases