20 Best Luggage Brands Heading Into 2024

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In this article, we are going to present the 20 best luggage brands heading into 2024. If you’d like to skip our discussion, you can see the 5 Best Luggage Brands Heading Into 2024.

There are conflicting reports about the size of the global luggage market. According to P&S Market Research the global luggage market was $38.6 billion in 2021 and is expected to grow at a 7.5% annual rate through 2030. According to Mordor Intelligence the global luggage market was valued at $165.4 billion in 2022 and is expected to grow at an annualized rate of 7.1% over the next 5 years. Mordor believes that consumers are currently leaning towards luxury brands and some of the major players in this industry are LVMH Mo?t Hennessy - Louis Vuitton, Société Européenne (OTC:LVMUY), Kering, Chanel Limited, Hermes International SA, and Tapestry, Inc. (NYSE:TPR). Out of these companies Tapestry, Inc. (NYSE:TPR) looks like an interesting stock to invest in. Tapestry shares were trading at $40 five years ago which means, the stock’s total return over the last 5 years is close to zero after adjusting for dividend payments. That’s mainly because of the significant contraction in its price-earnings multiple. Tapestry, Inc. (NYSE:TPR) shares currently trade at less than 8 times its trailing earnings and offer a dividend yield of 4.5%. 

Selecting the appropriate suitcase for your holiday can significantly reduce the time and inconvenience associated with packing, navigating the airport, and unpacking at your destination. Whether you opt for lightweight suitcases or complete luggage sets, there is a wide array of choices available when it comes to investing in top-notch luggage. The evolution of suitcases has been notable since their introduction to the market in the 19th century, coinciding with the rise of mass tourism.

The prospect of purchasing luggage can be both intimidating and enjoyable. Along the way, you might encounter the best and worst luggage brands. Given the different variations of sizes, types, and brands available, selecting the right suitcases can be challenging. Opting for luggage or suitcase sets provides a practical solution to this dilemma, offering a range of options tailored to diverse travel styles and plans. Additionally, these sets often feature a nesting design, serving as a valuable space-saving bonus.

When choosing a luggage, most people are torn between a 4-wheel or a 2-wheel option. Each type comes with its own set of advantages and drawbacks. Four-wheeled cases offer ease of movement in any direction. Another perk is the ability to stack additional bags on top. They also exhibit better balance, reducing the likelihood of toppling over. However, it's worth noting that the extra wheels can occupy more space within the case. If traversing rocky terrain or cobblestones, 4-wheel versions may not be as maneuverable as their 2-wheel counterparts. Once you've exited the airport, and you're more likely to be pulling your case, the 2-wheel rollers are better suited for this task.