Products segments contribution to the growth of the global leather luggage market size

The global leather luggage market size is expected to grow at a CAGR of 8.01% during the forecast period. Based on the product, the global leather luggage market has been segmented into travel bags, casual bags, and business bags.

The cost of leather travel bags depends on the type of leather used, the availability of storage space, and the style of the bag. The popularity of spinner luggage products that are made of polycarbonate materials is increasing. However, the popularity of travel bags made of other materials may negatively impact the sales of leather bags during the forecast period. Some of the prominent vendors that offer leather travel bags are Leatherology, Tapestry, and MAHI Leather.

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The number of travellers is growing across the world every year. The growth in the number of tourists can increase the demand for travel bags, including leather travel bags, and drive the growth of the global leather luggage market. Some of the vendors are trying to expand their portfolios by launching new variants of leather travel bags. Product expansions can increase sales and contribute to the growth of the global leather luggage market size during the forecast period.