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Kids Travel Bags Market

The global kid's travel bags market size was worth USD 185.5 million in the year 2018. It is expected to witness growth with a CAGR of 15.5% over the forecast duration.<br>

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Kids Travel Bags Market

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  1. Kids Travel Bags Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2025 “The global kid's travel bags market size was worth USD 185.5 million in the year 2018. It is expected to witness growth with a CAGR of 15.5% over the forecast duration.” The global kids travel bags market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global kids travel bags market size is projected to reach USD 509.2 million by 2025, according to a new report published by Million Insights, with a CAGR of 15.5% over the forecast duration. The rising trend of educational tours for kids, outbound travel, and family trips are some of the key factors driving the market. Moreover, inclination towards leisure family trips has led to an increase in demand for kids travel bags with the aim of creating a sense of responsibility coupled with the fun of carrying your personal luggage. The increasing awareness of kids’ luggage like backpacks, duffle bags, and trolley bags has led to the importance of carrying children’s bags. Product growth is attributed to the increasing indulgence of children in handling their personal luggage which eases the burden on parents. Furthermore, the launch of ride-on-suitcase for children by numerous companies like SkootCases and Trunki which can be used as a trolley suitcase and be dragged by children simultaneously has boosted the demand for these products. The backpack is predicted to grow at a CAGR of 15.9% over the forecast period. The launch of rolling backpacks which can be rolled and carried on the shoulders by children is expected to further drive the kids travel bag market. For example, Kreative Kids, Inc., in 2018, launched Push Rollers for children available in various animal characters. Manufacturers are focusing on producing creative products to grab children’s’ attention. Wide collection of travel bags with different characters like Disney Princess, Marvel, Car Racing, Pokémon, and more are available in the form of backpacks and trolley suitcase.

  2. The key players include Trunki; Smiggle; Samsonite; Elodie Details AB; Carter’s Inc; Mattel, Inc.; IQ Toy; SANRIO CO., LTD.; Babymel; and TOMY. Various companies are aiming at increasing product offerings through mergers and acquisitions. An example includes the acquisition of Skip Hop Holdings Inc. by Carter’s Inc. at an amount worth USD 140 million in 2017 to fulfill the demand for essential products and increase product offerings. Manufacturers are focusing on launching innovative products to increase the demand for kid's travel bags in the market. Request free sample to get a complete analysis of the market players @ https://www.millioninsights.com/industry-reports/global-kids-travel-bags-market/request-sample Further key findings from the report suggest: Europe held the dominant position in the global kids travel bags market due to the rising inclination towards tourism along with the concentration of market players. By type, trolley accounted for a 74.5% revenue share in 2018. The backpack is predicted to grow at a CAGR of 15.9% owing to the rising demand for slimmer bags. The key players in the industry Trunki; Samsonite; Smiggle; Carter’s Inc.; Elodie Details AB; SANRIO CO.; LTD.; Babymel; IQ Toy; Mattel, Inc.; and TOMY. Million Insights has segmented the global kids travel bags market on the basis of product type, distribution channel, and region: Product Type Outlook:  Trolley  Backpack Distribution Channel Outlook:  Hypermarket/Supermarket  Specialty Stores  Online Regional Outlook: Europe held a 33.3% share in the global revenue. Research shows that in 2017, 26% of the European population will engage in outbound tourism each year. This trend of hospitality and tourism is predicted to increase the demand for travel accessories including kids travel bags. Browse Related Category Research Reports @ https://industryanalysisandnews.wordpress.com/

  3. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Asia Pacific Global Headquarters Million Insights Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, 410 E Santa Clara Street, Unit #1008 San Jose, Model Colony, Shivaji Nagar, Pune, MH, 411016 India CA, 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Phone: +91-8956380892 Email: sales@millioninsights.com

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