Product Code: ETC005029 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Travel Bags Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 16.95% in 2027, following an initial rate of 12.95%, before easing to 13.94% at the end of the period.
By 2027, Philippines's Travel Bags market is forecasted to achieve a exponential growth rate of 16.95%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Philippines travel bags market is expected to grow at a CAGR of 4.9% during the forecast period 2025-2031. The growth can be attributed to the country`s growing tourism industry and increasing disposable income of consumers, which is driving demand for fashionable and convenient travel bags in the country. Moreover, leading players are launching innovative products with features such as multi-functionality, waterproofing, extended durability etc., in order to cater consumers` needs and attract more buyers towards their products
The Philippines has a growing market for travel bags, driven by various factors such as increasing tourism, urbanization, and rising disposable incomes. Travel bags are essential accessories for Filipinos who frequently travel for business, leisure, or family trips. Additionally, an increasing focus on leisure activities due to rise in disposable incomes among people has created high demand for backpack & trolley luggage particularly among younger generation group aged between 18 - 35 years old who frequently go out for outings or short trips outside cities or even abroad countries resulting into higher sales volumes within this category over recent years timeframe .
The emergence of eco-friendly materials for manufacturing travel bags such as jute and canvas is emerging as a major trend in the Philippine market. Additionally, expansion of online retail outlets by companies has increased consumer accessibility to branded products from international markets. This has resulted into an increase in product range available on ecommerce websites thereby providing customers with better options while purchasing these items. Further, the use of digital marketing channels like social media campaigns, influencer programs etc., have been adopted by companies operating in this sector for creating brand awareness amongst target audience segment thus driving sales across domestic markets.
High cost associated with premium quality material based travel bags affects customer buying behavior adversely limiting its potential reachability upsurge within lower economic class strata population located geographically across diverse regions worldwide . ??? Lack adequate infrastructure support often leads delays shipment orders thereby causing negative impact upon overall reliability provided through respective service providers present within current marketplace set up environment
Som e of the key players of the industry include Samsonite International SA; VIP Industries Ltd.; Briggs & Riley Travelware LLC; TUMI Inc.; Delsey SAS; Victorinox AG; American Tourister India Pvt Ltd.; VF Corporation; Antler Group Limited ; THE HERSCHEL SUPPLY.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Travel Bags Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Travel Bags Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Travel Bags Market - Industry Life Cycle |
3.4 Philippines Travel Bags Market - Porter's Five Forces |
3.5 Philippines Travel Bags Market Revenues & Volume Share, By Material Types, 2021 & 2031F |
3.6 Philippines Travel Bags Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.7 Philippines Travel Bags Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Philippines Travel Bags Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
4 Philippines Travel Bags Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Travel Bags Market Trends |
6 Philippines Travel Bags Market, By Types |
6.1 Philippines Travel Bags Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Philippines Travel Bags Market Revenues & Volume, By Material Types, 2021-2031F |
6.1.3 Philippines Travel Bags Market Revenues & Volume, By Hard-Side, 2021-2031F |
6.1.4 Philippines Travel Bags Market Revenues & Volume, By Soft-Side, 2021-2031F |
6.2 Philippines Travel Bags Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Philippines Travel Bags Market Revenues & Volume, By Briefcases, 2021-2031F |
6.2.3 Philippines Travel Bags Market Revenues & Volume, By Messenger Bag, 2021-2031F |
6.2.4 Philippines Travel Bags Market Revenues & Volume, By Backpacks, 2021-2031F |
6.2.5 Philippines Travel Bags Market Revenues & Volume, By Laptop Bag, 2021-2031F |
6.3 Philippines Travel Bags Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Travel Bags Market Revenues & Volume, By Supermarkets, 2021-2031F |
6.3.3 Philippines Travel Bags Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3.4 Philippines Travel Bags Market Revenues & Volume, By Factory Outlets, 2021-2031F |
6.3.5 Philippines Travel Bags Market Revenues & Volume, By Online store, 2021-2031F |
6.3.6 Philippines Travel Bags Market Revenues & Volume, By Others, 2021-2031F |
6.4 Philippines Travel Bags Market, By Price Range |
6.4.1 Overview and Analysis |
6.4.2 Philippines Travel Bags Market Revenues & Volume, By Premium Range, 2021-2031F |
6.4.3 Philippines Travel Bags Market Revenues & Volume, By Medium Range, 2021-2031F |
6.4.4 Philippines Travel Bags Market Revenues & Volume, By Low Range, 2021-2031F |
7 Philippines Travel Bags Market Import-Export Trade Statistics |
7.1 Philippines Travel Bags Market Export to Major Countries |
7.2 Philippines Travel Bags Market Imports from Major Countries |
8 Philippines Travel Bags Market Key Performance Indicators |
9 Philippines Travel Bags Market - Opportunity Assessment |
9.1 Philippines Travel Bags Market Opportunity Assessment, By Material Types, 2021 & 2031F |
9.2 Philippines Travel Bags Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.3 Philippines Travel Bags Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Philippines Travel Bags Market Opportunity Assessment, By Price Range, 2021 & 2031F |
10 Philippines Travel Bags Market - Competitive Landscape |
10.1 Philippines Travel Bags Market Revenue Share, By Companies, 2024 |
10.2 Philippines Travel Bags Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |