Market Forecast By Material Types (Hard-Side, Soft-Side), By Product Types (Briefcases, Messenger Bag, Backpacks, Laptop Bag), By Distribution Channel (Supermarkets, Specialty Stores, Factory Outlets, Online store, Others), By Price Range (Premium Range, Medium Range, Low Range) And Competitive Landscape
Product Code: ETC005052 | Publication Date: Sep 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Egypt Travel Bags market currently, in 2023, has witnessed an HHI of 9210, Which has increased moderately as compared to the HHI of 8924 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Egypt Travel Bags Market report thoroughly covers the market by material types, by product types, by distribution channel, and by price range. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Egypt travel bags market is witnessing a phase of evolutionary growth, primarily driven by changing consumer lifestyles, growing tourism, and an increase in international travel. The market is characterized by a diverse range of products including suitcases, carry-ons, backpacks, and duffel bags, catering to various travel needs and preferences.
According to 6Wresearch, the Egypt Travel Bags Market size is projected to reach at a CAGR of 5.8% during the forecast period 2025-2031. One of the key drivers spurring growth in the travel bags market is the increasing number of Egyptians traveling both domestically and internationally. This surge is supported by rising disposable incomes and a growing middle class, eager to explore new destinations. Additionally, the expansion of low-cost airlines and promotional tourism campaigns by the government are making travel more accessible to a larger segment of the population. However, the market faces challenges such as the fluctuation in raw material prices and the competition from informal markets or counterfeit products. These factors can hinder Egypt Travel Bags Market growth. However, with the growing trends, the market is still surging substantial. These trends include the rising demand for smart luggage, featuring technology such as GPS locators, USB ports for charging devices, and electronic locks. Consumers, especially tech-savvy millennials, and business travelers, are showing a preference for travel bags that offer both functionality and connectivity. Furthermore, there is a growing emphasis on sustainable and eco-friendly travel products, mirroring a broader global shift towards environmental responsibility.
The Egyptian government has launched several initiatives aimed at supporting the travel bags market. These include incentives for manufacturers to produce high-quality, sustainable travel products and regulations to curb the sale of counterfeit items. The government is also investing in global tourism campaigns to attract a higher number of visitors to Egypt, positively impacting the travel accessories market, including travel bags.
The Egypt travel bags market is characterized by the presence of both international and local brands. Prominent players include Samsonite International S.A., VIP Industries Ltd., and Tumi Holdings, Inc., alongside local manufacturers like Bavaria Egypt and El Shorbagy Bags. These companies are focusing on innovation, durability, and incorporating smart features into their products to meet consumer demands.
The Egypt travel bags industry is expected to continue its growth trajectory, driven by increasing travel activity and technological innovations in product offerings. The emphasis on sustainability and eco-friendly materials is likely to become even more pronounced, with companies that adapt quickly to these changes gaining a competitive edge. Additionally, the integration of digital technologies such as IoT in luggage tracking and security features could redefine the standards of travel gear.
According to Dhaval, Research Manager, 6Wresearch, Backpacks are witnessing significant growth by increasing Egypt Travel Bags Market revenue. This trend is attributed to the versatility, comfort, and functionality that backpacks offer, making them a preferred choice for both casual travellers and adventure enthusiasts alike.
Based on the application, the Online Store segment is experiencing growth in the market. This surge is driven largely by the convenience, variety, and competitive pricing that online platforms offer. Consumers appreciate the ease with which they can compare products, read reviews, and make purchases from the comfort of their homes.
The report offers a comprehensive study of the subsequent market segments:
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 Egypt Travel Bags Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Travel Bags Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Travel Bags Market - Industry Life Cycle |
3.4 Egypt Travel Bags Market - Porter's Five Forces |
3.5 Egypt Travel Bags Market Revenues & Volume Share, By Material Types, 2021 & 2031F |
3.6 Egypt Travel Bags Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.7 Egypt Travel Bags Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Egypt Travel Bags Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
4 Egypt Travel Bags Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Travel Bags Market Trends |
6 Egypt Travel Bags Market, By Types |
6.1 Egypt Travel Bags Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Egypt Travel Bags Market Revenues & Volume, By Material Types, 2021-2031F |
6.1.3 Egypt Travel Bags Market Revenues & Volume, By Hard-Side, 2021-2031F |
6.1.4 Egypt Travel Bags Market Revenues & Volume, By Soft-Side, 2021-2031F |
6.2 Egypt Travel Bags Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Egypt Travel Bags Market Revenues & Volume, By Briefcases, 2021-2031F |
6.2.3 Egypt Travel Bags Market Revenues & Volume, By Messenger Bag, 2021-2031F |
6.2.4 Egypt Travel Bags Market Revenues & Volume, By Backpacks, 2021-2031F |
6.2.5 Egypt Travel Bags Market Revenues & Volume, By Laptop Bag, 2021-2031F |
6.3 Egypt Travel Bags Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Egypt Travel Bags Market Revenues & Volume, By Supermarkets, 2021-2031F |
6.3.3 Egypt Travel Bags Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3.4 Egypt Travel Bags Market Revenues & Volume, By Factory Outlets, 2021-2031F |
6.3.5 Egypt Travel Bags Market Revenues & Volume, By Online store, 2021-2031F |
6.3.6 Egypt Travel Bags Market Revenues & Volume, By Others, 2021-2031F |
6.4 Egypt Travel Bags Market, By Price Range |
6.4.1 Overview and Analysis |
6.4.2 Egypt Travel Bags Market Revenues & Volume, By Premium Range, 2021-2031F |
6.4.3 Egypt Travel Bags Market Revenues & Volume, By Medium Range, 2021-2031F |
6.4.4 Egypt Travel Bags Market Revenues & Volume, By Low Range, 2021-2031F |
7 Egypt Travel Bags Market Import-Export Trade Statistics |
7.1 Egypt Travel Bags Market Export to Major Countries |
7.2 Egypt Travel Bags Market Imports from Major Countries |
8 Egypt Travel Bags Market Key Performance Indicators |
9 Egypt Travel Bags Market - Opportunity Assessment |
9.1 Egypt Travel Bags Market Opportunity Assessment, By Material Types, 2021 & 2031F |
9.2 Egypt Travel Bags Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.3 Egypt Travel Bags Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Egypt Travel Bags Market Opportunity Assessment, By Price Range, 2021 & 2031F |
10 Egypt Travel Bags Market - Competitive Landscape |
10.1 Egypt Travel Bags Market Revenue Share, By Companies, 2024 |
10.2 Egypt Travel Bags Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |