United Kingdom Luggage Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 6.2% from 2023 to 2033
• The UK Luggage Market Size is Expected to Hold a Significant Share by 2033

The U.K. Luggage Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 6.2% from 2023 to 2033.

Market Overview

Luggage, sometimes known as baggage, is the collective term for the bags, cases, and containers that hold the belongings of passengers. Presently, the most popular kinds of baggage, which are composed of metal, wood, or other heavy materials, are giving way to smaller, lighter bags that are easy for one person to handle. Additionally, the rapidly expanding workforce in the UK is expected to significantly increase customer demand for business bags, including briefcases, luggage, weekenders, and laptop bags. This is particularly important for the corporate and professional sectors, where professionals are expected to travel more frequently for meetings, conferences, and client visits. Briefcases and rolling suitcases are examples of specially designed luggage that business travelers in the UK might need to carry work-related items. Consequently, the increase in business travel in the UK has led to a growth in the need for bags, particularly for travel.

Report Coverage

This research report categorizes the market for the UK luggage 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 United Kingdom luggage 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 U.K. luggage market.

Driving Factors

Luggage is one of the personal accessory markets in the UK that is growing at the quickest rate due to changing lifestyles. Demand is being driven by a number of factors, including the UK's increasing urbanization, consumers' increased preference for upscale luggage, and innovative luggage features like GPS trackers, USB connections for charging cell phone batteries, and Bluetooth-enabled locks. Further propelling the market are advancements in safety regulations that enable UK consumers to track and safeguard their bags while on the road. Additionally, the number of visitors to the UK increased by 6.7 million from 2022 to 2023, reaching 38.0 million. From 71.0 million in 2022 to 86.2 million in 2023, UK citizens travelled overseas. The luggage industry in the UK is growing as a result of the increase in travel and tourism.

Restraining Factors

The demand for luggage is significantly hampered by the existence of fake luggage. Products that are counterfeit cause consumers to lose faith in the market, which results in discontent with the product's performance, quality, and longevity. Furthermore, the spread of fake goods results in financial losses for authorized producers and merchants as well as possible legal and financial repercussions for violating intellectual property rights.

Market Segmentation

The UK luggage market share is classified into material and distribution channel.

• The nylon segment is expected to hold the greatest market share through the forecast period.    

The U.K. luggage market is segmented by material into nylon, leather, canvas, plastic, and others. Among these, the nylon segment is expected to hold the greatest market share through the forecast period. Mainly due to its exceptional capacity to absorb water, which keeps the luggage's contents dry. A significant consumer demand for this kind of goods is also fueled by the increased toughness and durability of luggage constructed of ballistic nylon.

• The online channels segment is anticipated to hold a significant share of the United Kingdom luggage market during the forecast period.       

Based on the distribution channel, the UK luggage market is divided into online channels and offline channels. Among these, the online channels segment is anticipated to hold a significant share of the United Kingdom luggage market during the forecast period. Online platforms, such as company websites and e-commerce websites, have become more popular because of their extensive product range and ease of use.           

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. luggage 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

• Samsonite
• Antler
• Tumi
• Delsey
• Victorinox
• Globetrotter
• Hartmann
• Others

Key Target Audience

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

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Luggage Market based on the below-mentioned segments:

United Kingdom Luggage Market, By Material

• Nylon
• Leather
• Canvas
• Plastic
• Others

United Kingdom Luggage Market, By Distribution Channel

• Online Channels
• Offline Channels