As of 2021, the global travel bags market was valued at approximately USD 31.5 billion and is projected to grow at a CAGR of 7.3% from 2021 to 2028. The growth is mainly attributed to the increasing number of travelers across the globe, rising disposable income, and the growing popularity of travel among millennials and baby boomers.

The market is segmented into various types of bags, including backpacks, trolley bags, duffel bags, and others. Among these, trolley bags are the most popular due to their convenience and ease of use. In terms of material, leather and nylon are the most commonly used materials in travel bags.

The market is highly competitive, with key players such as Samsonite, VIP Industries, Delsey, and American Tourister leading the market. These companies are focusing on product innovation, offering eco-friendly bags, and expanding their distribution channels to maintain their market position.

In conclusion, the travel bags market is expected to continue growing in the coming years, driven by factors such as increasing travel trends and rising disposable incomes.