Global travel accessories market slated to grow at a CAGR of 8.1%

Thursday, January 11, 2024

The market size for worldwide travel accessories made up USD 60.1 billion last year, and it is expected to increase at a CAGR of 8.1% during the period of 2023 to 2033. Travel accessories designate a varied assortment of products intended to increase and enable travel experiences. These stuffs are intended to make trips a lot more relaxed, appropriate, as well as pleasurable. Such travel accessories can comprise an all-embracing diversity of items like bags, travel pillows, connectors, toiletry supplies, packing arrangers, travel cases among others.

With an increased number of people traveling for relaxation, business, along with varied other reasons, the demand for travel equipment has augmented. The rising inclination and the desire for traveling and exploring aid to the development of this market. Greater disposable earnings enable people to spend extra on travel and associated equipment. With financial circumstances improving in several regions, consumers are eager to invest in stuffs that better their travel experiences.

Advanced machineries have contributed to the expansion of smart travel fittings like smart luggage with tracing arrangements, zero noise travel headphones and transportable chargers. The incorporation of technology in travel gear appeals to tech-savvy clients. The increase in online shopping platforms has made things stress-free for consumers to access an extensive range of travel accessories.

« Back to Page