Travel accessories market seen reaching $95.7B by 2031

By AI, Created 9:51 AM UTC, June 03, 2026, /AGP/ – The global travel accessories market is projected to grow from $48.2 billion in 2021 to $95.7 billion by 2031, driven by higher luxury spending, rising incomes and more business and leisure trips. Asia-Pacific held the biggest share in 2021 and is forecast to grow the fastest through 2031.

Why it matters: - Travel accessories are tied directly to business and leisure travel demand, so the market’s growth tracks broader shifts in tourism, vacations and travel spending. - The category is also being shaped by changes in consumer lifestyle, transport access and product innovation, especially in travel bags. - The market outlook suggests stronger sales opportunities for brands selling convenience-focused travel products across stores and online channels.

What happened: - The global travel accessories market was valued at $48.2 billion in 2021. - The market is projected to reach $95.7 billion by 2031, growing at a 6.4% CAGR from 2022 to 2031. - Allied Market Research released the forecast on June 3, 2026. - The report covers travel accessories used for business and leisure trips.

The details: - Growth is being supported by higher spending on luxury lifestyles, rising per capita income and more business and leisure trips per person. - Demand is also expected to benefit from more tours and travel trips, higher spending on holiday vacations and technological advances in travel accessories, especially travel bags. - Market growth faces headwinds from virtual tourism and the use of technology in business to replace in-person meetings. - Tourism promotion and greater access to transportation are expected to create new opportunities. - The market is segmented by type into travel bags, electronic accessories, travel pillow and blanket, toiletries and others. - Distribution channels include supermarkets/hypermarkets, specialty stores, factory outlets, online stores and others. - Regional coverage in the report includes North America, Europe, Asia-Pacific and LAMEA.

Between the lines: - Travel accessories are becoming a proxy for broader travel recovery and premiumization, with discretionary spending playing a bigger role in category growth. - Asia-Pacific’s lead signals that the fastest gains may continue to come from markets where travel activity and luxury consumption are both expanding. - The report’s inclusion of online stores points to a channel shift that could matter as travelers increasingly buy gear before trips rather than at airports or destination shops.

What’s next: - Asia-Pacific is expected to post the highest CAGR at 7.7% through 2031. - The region held nearly two-fifths of the global market in 2021. - The report expects continued growth from the region’s travel and tourism expansion and rising luxury spending. - Major market players include ACE Co., Ltd., LVMH Group, Adidas AG, Nike, Magellan’s, Travel Blue Ltd., Sungjoo Group, VF Corporation, United States Luggage Company, LLC. and VIP Industries Ltd. - Allied Market Research also pointed readers to a sample report, purchase enquiry and related market reports.