The global kids trolley bags market was calculated at $387.3 million in 2020 and is determined to reach $662.8 million by 2025, progressing at a CAGR of 8.6% from 2020 to 2025.
Kids trolley bags are luggage containers intended for children to carry travel supplies such as clothing, toiletries, essentials and souvenirs on the return trip. There are two types of children's trolley bags, namely hard suitcases and soft suitcases.
Most children's wheeled suitcases are made from a variety of materials such as wool, wood, leather, metal, plastic, fiber composites, and even recycled materials. These suitcases are very light and have a sporty wheel mechanism, allowing small children to carry them easily. These trollies are gaining popularity with children all over the world due to their cartoon-printed appearance and convenience.
The travel and tourism industry has seen an increase in its growth patterns due to changes in lifestyle trends, as well as an increase in disposable income between generations.
The changing consumer preference for spending money on travel compared to other activities has drastically driven the growth of the market. In addition, children who travel to different places experience fun and excitement carrying their own backpack or dragging their suitcase to the airport.
The online distribution channel is expected to grow at the fastest CAGR of 16.1% from 2020 to 2025. The growth in the workforce has resulted in a greater inclination towards online shopping for convenience and time-saving features. In addition, the growing trend of round trip travel prompts parents of children to purchase different types of luggage, especially for children, due to increased awareness.
Therefore, online channels provide wider access to products in all countries on one website, improving the entire shopping experience for customers. For example, brands like Samsonite, Skip Hop, and Trunki offer their products on online portals like Amazon.com. In addition, the attractive offers and discounts available in online shopping lead consumers to opt for this channel for purchasing products, mainly driven by millennials.
Since the coronavirus outbreak in December 2019, the disease has spread to nearly 100 countries around the world and the World Health Organization has declared it a public health emergency. The global impacts of Coronavirus Disease 2019 (COVID-19) are already starting to be felt and will significantly affect the market for kids trolley bags in 2020. The strict lockdown conditions that halted the travelling between different countries has resulted in the declined usage of trolley bags and other luggage. The kids trolley bags market is estimated to take some time to resume back to its earlier state.
Market growth and trends:
An increase in demand for ultralight suitcases is fuelling the growth of the global kids trolley bags market. The main factor responsible for the growth of the global market is the development of the tourism industry due to the increased consumer interest in tourism. In addition, the change in lifestyle due to urbanization in emerging countries is also a driver of market growth.
Drivers and market Restraints:
The market for children's trolley bags has gained ground in emerging regions, due to the increase in the affluent population. In addition, the growing demand for ultra-light bags with wheels is driving the development of the global market for children's bags with wheels. Also, the increased growth of the tourism industry due to rising consumer interest in travel and lifestyle changes due to urbanization in emerging countries is also driving the growth of the global market. However, the ease of access to counterfeit products is the main obstacle for this market. On the contrary, the increasing demand for trendy wheeled bags and the increasing popularity of wheeled bags among children in emerging regions is expected to provide opportunities for the growth of the kids trolley bags market in future.
The rising need for ultralight trolley bags is driving the growth of the global market. The main factor responsible for the growth of the world market for trolley bags is the development of the tourism industry due to the growing interest of consumers.
The market for kids trolley bags is segmented based on type, distribution channel and region. Depending on the type, the market is divided into hard luggage and soft luggage. According to the distribution channel, it is divided into supermarket/hypermarket, specialized stores, online stores and others.
Based on the region, the global kids trolley bags market is studied in North America, Europe, Asia-Pacific and LAMEA.
Among these, Europe is the most important regional market for trolley bags. This can be credited to the improved retail infrastructure and augmented adoption of wheeled bags among children because of increased advertising and celebrity endorsements. Additionally, increased consumer spending on children's products also adds to the popularity of kids trolley bags in this area. However, the Asia-Pacific is expected to grow at the highest CAGR during the outlook period, due to the rapid improvement in retail infrastructure and increased disposable income of consumers in this locale.
Key market players:
Players in the kids trolley bags industry have embraced product launches as a key development strategy to increase profitability and improve the market position of children's rolling bags. Some of the main players analyzed in this report are Cabin Max, DC Comics (the Araca Group), Disney, Micro Mobility Systems AG, Samsonite, Trunki, VIP, and Wildkin.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Kids Trolley Bags Market, By Type
6.1.1 Hard Luggage
6.1.2 Soft Luggage
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Kids Trolley Bags Market, By Distribution Channel
6.2.2 Specialty Stores
6.2.3 Online Stores
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Distribution Channel
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Type
7.3.3 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Distribution Channel
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Type
7.5.3 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Type
7.6.3 By Distribution Channel
8. Key Player Analysis
8.1 Cabin Max
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 DC Comics (The Araca Group)
8.4 Micro Mobility Systems AG
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures