Global backpack market value forecast from 2018 until 2025
The global backpack market was estimated to be worth around 13.9 billion U.S. dollars in 2020 decreasing from 17.3 billion U.S. dollars in the previous year, due to ongoing travel disruptions and various waves of COVID-19 forcing many markets to impose lockdowns. Backpacks are also commonly referred to as rucksacks or knapsacks. Backpacks fall within the bags and luggage industry.
Bags and luggage market
Baggage or luggage consists of bags, cases, and containers which hold a person’s articles while they travel. Bags and luggage are typically broken down into three main classifications: travel, casual, and business. Other segments such as smart luggage, sports luggage, anti-theft luggage, and backpacks are all part of the global bags and luggage market. Samsonite International SA, one of the world’s largest travel goods companies, generates billions of U.S. dollars in revenues each year, which shows the lucrative nature of this market. The United States was the leading luggage and baggage market in the world as of 2019. U.S. revenues are far greater than those of the U.K. and Germany, which are the next biggest markets in terms of revenue.
Bags and luggage market
Baggage or luggage consists of bags, cases, and containers which hold a person’s articles while they travel. Bags and luggage are typically broken down into three main classifications: travel, casual, and business. Other segments such as smart luggage, sports luggage, anti-theft luggage, and backpacks are all part of the global bags and luggage market. Samsonite International SA, one of the world’s largest travel goods companies, generates billions of U.S. dollars in revenues each year, which shows the lucrative nature of this market. The United States was the leading luggage and baggage market in the world as of 2019. U.S. revenues are far greater than those of the U.K. and Germany, which are the next biggest markets in terms of revenue.
