Sports Luggage Market Share, Size, Trends, Industry Analysis Report, By Sport (Golf, Ball Sports, Racket Sports, Hockey, Cricket, and Others); By Distribution Channel (Online, Offline); By Region; Segment Forecast, 2023 – 2032
- Published Date:Nov-2023
- Pages: 116
- Format: PDF
- Report ID: PM3974
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global sports luggage market is projected to witness robust growth. It was valued at USD 2.21 billion in 2022 and is projected to grow to USD 3.92 billion By 2032 exhibiting a CAGR of 5.9% the forecast period 2023 – 2032
The exponentially growing people's interest and participation in various kinds of sports like hockey, cricket, tennis, and badminton, among others, and the drastic increase in consumer spending or expenditure on sports equipment are among the major factors propelling the growth of the market. Additionally, the growing desire of people for stylish and durable luggage, the surge in outdoor travel, and increasing awareness among parents about the importance of sports activities to maintain a healthier and fit lifestyle for their children are also likely to foster global market growth in the near future.
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In recent years, there has been an emerging trend towards the integration of advanced technologies into sports luggage, such as GPS Tracking, Bluetooth connectivity, RFID tags, and built-in charging ports, that help travelers to easily keep track of their bags, be connected, and charge their devices during the travel, which in turn, have positively influenced the growth of the market at a rapid pace.
- For instance, in February 2023, Samsara Luggage announced the launch of its new STREET SMART, a new collection of travel accessories, which will allow the customers of the company to shop for travel essentials to get their travel ensembles all in one place. The new developed collection also includes a compact power bank that can quickly charge all electronic devices like laptops and mobiles.
However, the cost of sports luggage as compared to traditional or conventional luggage bags and the easy availability of counterfeit or imitation sports luggage that mitigate or reduce the sales and reputation of genuine brands are among the key factors expected to restrain the global market growth.
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Industry Dynamics
Growth Drivers
- Rising global importance regarding fitness & health is stimulating product demand
There has been a significant shift in people's attitudes towards health and fitness, resulting in a growing emphasis on leading wellness-oriented and active lifestyles across both developed and developing economies. This has led to an increase in the sales of sports equipment, including sports luggage.
Furthermore, the rise of different types of sports and fitness activities that require various equipment of different sizes, such as workout apparel, yoga mats, resistance bands, and athletic shoes, among others, is also expected to drive global sports luggage market growth. Sports bags and luggage are in high demand by enthusiasts who seek bags that offer designated compartments and organizational features according to their equipment type.
Report Segmentation
The market is primarily segmented based on sport, distribution channel, and region.
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By Sport |
By Distribution Channel |
By Region |
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By Sport Analysis
- Ball sports segment accounted for the largest market share in 2022
The ball sports segment accounted for the noteworthy market share, mainly due to the rapidly increasing popularity of several ball sports, such as football, basketball, and volleyball, and higher participation rates in ball sports as compared to other types of sports.
The golf segment is expected to register the highest growth rate over the next coming years, which is highly attributable to a drastic increase in the number of people participating in golf as a recreational activity and as a professional sport all over the world, along with the surging influence of professional golf tournaments and endorsements by top players. As golf is an outdoor game, golfer often needs to travel to different golf courses, which creates substantial demand for specialized luggage to carry their balls, clubs, and other club gear.
By Distribution Channel Analysis
- Online segment is expected to witness highest growth throughout the forecast period
The online segment is projected to grow at the highest growth rate throughout the study period on account of the substantial growth of e-commerce platforms and rising preference for online shopping that has paved the way for easier access to various types of product offerings from convenience of their home.
Moreover, with the increasing number of people opting for online shopping models and the upsurge in the number of companies focusing on the establishment of their strong online presence and offering their product offerings to a broad customer base around the world, the demand for sports luggage through online channels are likely to increase substantially.
Regional Insights
- Asia Pacific region dominated the global market in 2022
The Asia Pacific held the largest share. The regional market growth can be largely attributed to growth in the number of sports tournaments and number of participants across the region, along with the drastic increase in disposable income of the middle-class population, allowing them to spend more on fitness & sports activities. Besides this, with more number people in the region moving to urban areas and adopting fast-paced lifestyles, there is a growing demand for sports luggage, which is suitable for everyday use as well as for sports and fitness activities.
North America will grow at a rapid pace, owing to rising people's interest in sports & fitness activities and various other recreational pursuits and growing advancements in sports equipment technology across the region that have led to the development of smart and innovative sports luggage offering numerous advantageous features like in-built charging, lighter weight, and better protection to protect high-value sports items.
Key Market Players & Competitive Insights
The sports luggage market is highly competitive in nature with the presence of large number of global players in sports industry. The top companies operating in the market are significantly adoption several business development or expansion strategies including partnerships, collaborations, acquisitions, mergers, and new product launches and are also investing in R&D initiatives to create new and more innovative products.
Some of the major players operating in the global market include:
- Acushnet Holdings Corporation
- Adidas AG
- Amer Sports
- Amer Sports
- ASICS Corporation
- Bridgestone Corporation
- Callaway Golf Company
- Dunlop Sport
- New Balance
- Nike Inc.
- PUMA SE
- Slazenger
- Under Armour Inc.
- Wilson Sporting Goods
- Yonex Co. Ltd.
Recent Developments
- In October 2022, Dior and Technogym announced the launch of its new range of sleek sports equipment. The new range of equipment introduced by the company includes an exercise ball enlivened by a distinctly Dior aesthetic, a workout bench, and a treadmill, which has made the brand one of the leaders in sports equipment.
- In January 2023, BEIS Travel introduced its sports collection, including a brand-new line of sports bags. The newly developed sports bag is packed with features and is state-of-the-art, and there is a front equipment pocket on the bag that can easily hold a yoga mat or tennis racquet.
Sports Luggage Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 2.34 billion |
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Revenue forecast in 2032 |
USD 3.92 billion |
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CAGR |
5.9% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments Covered |
By Sport, By Distribution Channel, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, regions and segmentation. |
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