Market Overview:

The Global Kid’s Trolley Bags Market generated $ 347.3 million in 2018 and is supposed to arrive at $ 662.8 million by 2026, with a CAGR of 8.6% from 2019 to 2026.

Kid’s trolley bags are specially designed for children to use during their travels. Today, many parents are embracing these bags to involve them in the packaging process. There are different types of travel bags for children such as trolley, backpack and others. Kids can store essentials in bags like clothes, children's headphones, water bottles, wet wipes, and more. The travel and tourism industry has seen its growth patterns explode due to changes in lifestyles and an increase in disposable income from generation to generation. The change in consumers' preference for spending money on travel compared to other activities has dramatically driven the growth of the market. Also, children who travel to different places experience fun and excitement by carrying their own backpacks or dragging their suitcase at the airport.

Recent Developments:

Luggage giant Samsonite is closing around a quarter of its stores in India or more than 100 outlets, as the company is severely affected by the impact of the COVID-19 pandemic, several people familiar with the development said.

Market Drivers and Restraints:

Increasing demand for ultralight trolley cases, the rise of the tourism industry and lifestyle changes with urbanization are driving the growth of the global market for kids trolley bags. However, the ease of availability of counterfeit wheeled bags is hampering market growth. On the other hand, the demand for trendy wheeled bags, as well as the growing popularity in emerging countries, would create new opportunities in the worldwide market.

Impact of COVID-19:

Kids rolling suitcases are designed to reduce the burden of children's school trips and bring fun to children. Since the COVID-19 virus outbreak in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization declared it a public health emergency. The global impacts of the 2019 coronavirus disease are already beginning to be felt and will significantly affect the market for children's wheeled bags in 2020. COVID-19 can affect the global economy in three main ways by directly affecting production and demand, creating a supply chain and market disruptions, and by its financial impact on businesses and financial markets.

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Report is segmented as:

By Product type:

Trolley
Backpack
Others
Of these, the trolley segment accounted for nearly three-fifths of the global market share for kids trolley bags in 2018 and is supposed to continue its largest contribution over the forecast period. Furthermore, this segment is likely to record the highest CAGR of 8.8% from 2019 to 2026.

By Distribution Channel:

Hypermarket/Supermarket
Specialty Stores
Online
Others
Based on the distribution channel, the specialty stores segment contributed the largest market share in terms of revenue, with almost half of the total share in 2018, and is estimated to maintain its leading status throughout of the forecast period. However, the online store segment is likely to experience the highest CAGR of 10.0% from 2019 to 2026.

Geographical segmentation:

Based on geography, the global kids trolley bags market is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these, Europe had the largest market share, accounting for almost two-fifths of the total share in 2018 and is expected to contribute its dominant share during the envisioned period. On the other hand, Asia-Pacific is expected to experience the highest CAGR of 10.3% from 2019 to 2026. Additionally, North America experienced a CAGR of 6.9% during the conjecture period.

Key market players:

Few of the major competitors currently working in the global kids travel bags market are Samsonite; TRUNKI; Carter’s, Inc; Smiggle; Elodie Details AB; Mattel; Sanrio Co., Ltd.; Tomy; Dolly Bags; Sunbags; Akshita Enterprises; DMP Carrycases; Raveena Bags; Avon Lifestyle Private Limited.; Exim Enterprises; Cosmus Bags Private Limited; Roshni Bags India Private Limited; Monarch Enterprises; Power Point Bag Industries; among others.

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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