Suitcase and Briefcase Market Size, Share, Growth Analysis, By Product Type(Travel Cases and Business Cases), By Distribution Channel(Offline and Online), By Material Type(Leather, Fabric, and Others), By Region - Industry Forecast 2024-2031

Global Suitcase And Briefcase Market size was valued at USD 31.90 billion in 2022 and is poised to grow from USD 33.81 billion in 2023 to USD 53.89 billion by 2031, growing at a CAGR of 6% during the forecast period (2024-2031).

The growing travel and tourism industry, business travel, and the increasing trend of online shopping have driven the demand for suitcases and briefcases. Suitcases and briefcases are available in different sizes, shapes, materials, and price ranges, catering to a wide range of consumer preferences and budgets. The market is also influenced by factors such as changing fashion trends, technological advancements, and the rise of eco-friendly and sustainable products. The global suitcase and briefcase market is projected to grow significantly in the coming years due to the increasing demand for travel bags and corporate bags. North America and Europe hold a significant share of the due to the presence of key manufacturers and high consumer spending. However, the Asia-Pacific region is expected to witness the highest growth rate due to the increasing disposable income of consumers and rising travel and tourism activities.

US Suitcase and Briefcase Market is poised to grow at a sustainable CAGR for the next forecast year.